Roadzen Inc. RDZN
is a leading Insurtech company on a mission to transform global auto insurance powered by advanced artificial intelligence ("AI").
At the heart of our mission is our commitment to create transparency, efficiency, and a seamless experience for the millions of end customers
who use our products through our insurer, original equipment manufacturer ("OEM"), and fleet (such as trucking, delivery,
and commercial fleets) partners. We seek to accomplish this by combining computer vision, telematics and AI with continually updated
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- India
- United States
- United Kingdom
- China
| Region | FY2025 |
|---|---|
| India | $32.0M |
| United States | $11.9M |
| United Kingdom | $6.3M |
| China | $4.7M |
As the company reported it, from the “Schedule of geographical segregation of revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $55.0M | $44.3M | $46.7M | $13.6M | — | — |
| Cost of revenue | $21.3M | $18.8M | $18.1M | $5.4M | — | — |
| Gross profit | $33.7M | $25.5M | $28.6M | $8.1M | — | — |
| R&D | $408.4K | $3.8M | $5.0M | $2.7M | — | — |
| SG&A | $16.0M | $51.6M | $65.9M | $4.6M | — | — |
| Total operating expenses | — | $7.1M | $3.5M | $2.0M | — | — |
| Operating income | -$14.0M | -$60.8M | -$77.7M | -$11.5M | — | — |
| Interest expense | $7.2M | $3.2M | $2.3M | $776.0K | — | — |
| Pre-tax income | -$23.0M | -$73.1M | -$99.9M | -$14.2M | — | — |
| Income tax | $20.2K | $14.0K | $23.6K | $42.3K | — | — |
| Net income | -$22.5M | -$72.9M | -$99.7M | -$14.0M | — | — |
| EPS, basic | -0.29 | -1.04 | -2.26 | -0.86 | — | — |
| EPS, diluted | -0.29 | -1.04 | -2.26 | -0.86 | — | — |
| Shares, diluted (wtd. avg.) | 77.5M | 69.9M | 44.0M | 16.5M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $6.6M | $4.8M | $11.6M | $1.1M | $1.1M | $0 |
| Receivables | $7.5M | $2.6M | $3.7M | $1.5M | — | — |
| Inventory | $116.6K | $202.5K | $70.7K | $59.9K | — | — |
| Total current assets | $32.3M | $27.0M | $49.8M | $5.4M | $1.2M | — |
| Property, plant and equipment | $537.0K | $602.9K | $454.6K | $232.5K | — | — |
| Goodwill | $7.6M | $2.1M | $2.1M | $996.4K | $1.7M | — |
| Other intangibles | $9.7M | $1.2M | $3.0M | $2.5M | — | — |
| Total assets | $52.7M | $32.6M | $58.1M | $15.2M | $205.4M | — |
| Accounts payable | $14.8M | $17.5M | $22.8M | $2.0M | — | — |
| Short-term debt | $9.8M | $2.9M | $2.2M | $2.9M | — | — |
| Total current liabilities | $58.3M | $56.9M | $65.7M | $16.7M | $508.0K | — |
| Long-term debt | $15.6M | $139.8K | $1.5M | $653.3K | — | — |
| Total liabilities | $79.2M | $58.3M | $68.6M | $18.0M | $7.0M | — |
| Retained earnings | -$246.2M | -$223.8M | -$151.0M | -$51.4M | -$5.8M | — |
| Total equity | -$29.6M | -$25.1M | -$10.1M | -$50.8M | -$36.9M | $0 |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$20.3M | -$18.1M | -$19.2M | -$7.5M | — | — |
| Stock-based compensation | $497.8K | $47.2M | $56.3M | — | — | — |
| Capital expenditure | $1.0M | $424.9K | $455.9K | $842.0K | — | — |
| Investing cash flow | -$896.8K | -$115.6K | -$6.7M | -$841.4K | — | — |
| Financing cash flow | $21.4M | $11.7M | $25.4M | $8.4M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-031069.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | — | $13.6M | $46.7M | $44.3M | $55.0M |
| Gross profit | — | — | $8.1M | $28.6M | $25.5M | $33.7M |
| Net income | — | — | -$14.0M | -$99.7M | -$72.9M | -$22.5M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Material agreement signed Item 1.01
- Regulation FD disclosure Item 7.01
- Material agreement signed Item 1.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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