Roadzen Inc. Revenue Disclosure

18 Revenue

 

The following table summarizes revenue by the Company’s service offerings:

 Schedule of revenue by service offerings

		For the year ended				For the year ended
		March 31, 2026				March 31, 2025
Revenue from services
Commission and Distribution Income			27,746,336				23,447,282
Income from Insurance as a Service			27,275,456				20,848,816
Revenues			55,021,792				44,296,098

 

There were three customers that individually represented 13%, 10% and 8% of the Company’s revenue for the period ended March 31, 2026 and one customer that individually represents 8% of the Company’s accounts receivable balance as of March 31, 2026.

 

There were three customers that individually represented 14%, 13% and 10% of the Company’s revenue for the year ended March 31, 2025 and one customer that individually represented 23% of the Company’s accounts receivable balance as of March 31, 2025.

 

Contract balances

 

The following table provides information about receivables and contract liabilities from contracts with customers:

 Summary of contract liabilities from contract with customers

		As of March 31, 2026				As of March 31, 2025
Contract liabilities
Deferred revenue			921,050				1,149,019
Total contract liabilities			921,050				1,149,019
Contract assets
Unbilled revenue			6,626,705				6,201,942
Total contract assets			6,626,705				6,201,942

 

The Company records deferred revenues when cash payments are received or due in advance of Company’s performance. Deferred revenues primarily relate to commission and distribution income and insurance as a service. The amount of revenue recognized for the period ended March 31, 2026 that was included in the deferred revenue balance as of March 31, 2025 was $893,822. The amount of revenue recognized in the year ended March 31, 2025 that was included in the deferred revenue balance as of March 31, 2024 was $656,988.

 

Contract assets represent a conditional right to consideration for satisfied performance obligations that become a receivable when the conditions are satisfied. Contract assets are generated when contractual billing schedules differ from the timing of revenue recognition or cash collection and are included in “prepayments and other current assets” in the consolidated balance sheets which will be billed in the month subsequent to the period in which performance obligations were satisfied.

 

The following table provides information about the geographical segregation of the revenue of the Company:

 Schedule of geographical segregation of revenue

		For the year ended March 31, 2026				For the year ended March 31, 2025
India			32,024,797				23,424,135
United States of America			11,943,271				11,564,374
United kingdom			6,340,221				9,307,589
China			4,713,503				-
Total			55,021,792				44,296,098

 

 

Roadzen Inc.

Notes to the consolidated financial statements

(in US $, except share count)