Roadzen Inc.
Business
Roadzen is an Insurtech company providing technology and distribution services for auto insurance. It operates two principal revenue models: an Insurance-as-a-Service (IaaS) platform delivering underwriting, claims processing, telematics, and roadside assistance via APIs; and brokerage services selling insurance through embedded and B2B2C channels with commissions and fees. Roadzen serves insurers, reinsurers, automotive OEMs, dealerships, and commercial fleets globally through regulated entities in India, the U.S., U.K., Europe, and China, maintaining a capital-light model that does not underwrite or hold insurance risk on its balance sheet.
Summary from 10-K filed 2026-06-29
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 55 | 44 | 47 | 14 | — | |
| Cost of services | 21 | 19 | 18 | 5 | — | |
| Research and development | 408,355 | 4 | 5 | 3 | — | |
| Sales and marketing | 29 | 29 | 33 | 11 | — | |
| General and administrative | 16 | 52 | 66 | 5 | 2 | |
| Depreciation and amortization | 2 | 2 | 2 | 2 | — | |
| Total costs and expenses | 69 | 105 | 124 | 25 | — | |
| Loss from operations | −14 | −61 | −78 | −12 | — | |
| Interest expense (net) | −7 | −3 | −2 | −776,023 | — | |
| Gain on bargain purchase | 174,248 | — | — | — | — | |
| Fair value gains/(losses) in financial instruments carried at fair value | −4 | −15 | −19 | −1 | — | |
| Impairment of investment | −269,470 | −1 | −3 | — | — | |
| Other income (net) | 2 | 7 | 838,728 | −6,358 | — | |
| Total other income/(expense) | −9 | −12 | −22 | −3 | 3 | |
| (Loss)/Income before income tax expense | −23 | −73 | −100 | −14 | — | |
| Less: income tax (benefit)/expense | 20,212 | −13,973 | −23,648 | −42,265 | — | |
| Net (loss)/income before non-controlling interest | −23 | −73 | −100 | −14 | — | |
| Net loss attributable to non-controlling interest, net of tax | −500,940 | −192,879 | −189,743 | −176,883 | — | |
| Net Loss attributable to Ordinary shareholders | −23 | −73 | −100 | −14 | 983,439 | |
| Basic | −0.29 | −1.04 | −2.26 | −0.86 | — | |
| Diluted | −0.29 | −1.04 | −2.26 | −0.86 | — | |
| Weighted-average number of shares used in computing net loss per share - Basic | 77 | 70 | 44 | 17 | — | |
| Weighted-average number of shares used in computing net loss per share - Diluted | 77 | 70 | 44 | 17 | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 7 | 5 | — | — | — | |
| Accounts receivable, net | 8 | 3 | 4 | 2 | — | |
| Inventories | 116,555 | 202,535 | 70,667 | 59,897 | — | |
| Prepayments and other current assets | 18 | 19 | 34 | 3 | — | |
| Investments | 229,994 | 197,805 | 507,094 | — | — | |
| Total current assets | 32 | 27 | 50 | 5 | 199,498 | |
| Restricted cash | 222,026 | 217,064 | 378,993 | 542,490 | — | |
| Non marketable securities | — | 269,470 | 2 | 5 | — | |
| Property and equipment, net | 536,997 | 602,923 | 454,589 | 232,493 | — | |
| Goodwill | 8 | 2 | 2 | 996,441 | — | |
| Operating lease right-of-use assets | 1 | 1 | 822,327 | 545,988 | — | |
| Intangible assets, net | 10 | 1 | 3 | 2 | — | |
| Other long-term assets | 997,802 | 120,972 | 71,913 | 117,484 | — | |
| Total Non current assets | 20 | 6 | 8 | — | — | |
| Total assets | 53 | 33 | 58 | 15 | 207 | |
| Current portion of long-term borrowings | 10 | 3 | 2 | 3 | — | |
| Short-term borrowings | 8 | 20 | 16 | 5 | — | |
| Accounts payable and accrued expenses | 30 | 30 | 38 | 6 | — | |
| Derivative warrant liabilities | 2 | 1 | — | — | — | |
| Short-term operating lease liabilities | 325,255 | 318,921 | 358,802 | 208,697 | — | |
| Other current liabilities | 8 | 2 | 3 | 3 | — | |
| Total current liabilities | 58 | 57 | 66 | 17 | 1 | |
| Long-term borrowings | 16 | 139,775 | 1 | 653,269 | — | |
| Long-term operating lease liabilities | 699,817 | 628,400 | 268,856 | 360,306 | — | |
| Other long-term liabilities | 5 | 566,651 | 1 | 294,301 | — | |
| Total Non current liabilities | 21 | 1 | 3 | — | — | |
| Total liabilities | 79 | 58 | 69 | 18 | 8 | |
| Commitments and contingencies (refer note 22) | — | — | — | — | — | |
| Ordinary Shares and additional paid in capital, $0.0001 par value per share, 220,000,000 shares authorized as of March 31, 2026 and March 31, 2025; 79,695,672 and 74,290,986 shares outstanding as of March 31, 2026 and March 31, 2025 respectively | 112 | 96 | 85 | 303,213 | — | |
| Accumulated deficit | −246 | −224 | −151 | −51 | −8 | |
| Accumulated other comprehensive income/(loss) | −1 | −468,859 | −600,501 | −66,903 | — | |
| Other components of equity | 106 | 104 | 57 | 366,786 | — | |
| Total shareholders deficit | −30 | −25 | −10 | −51 | −8 | |
| Non-controlling interest | 3 | −616,883 | −426,030 | −237,695 | — | |
| Total deficit | −27 | −26 | −10 | −51 | — | |
| Total liabilities and Total Deficit | 53 | 33 | 58 | 15 | 207 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Stock based compensation | 497,806 | 47 | 56 | — | — | |
| Deferred income taxes | −14,303 | −193,261 | — | — | — | |
| Unrealized foreign exchange loss/(profit) | −831,009 | 132,121 | −459,190 | 9,184 | — | |
| Gain over liability settled/expense through issuance of equity shares | −64,875 | — | — | — | — | |
| Expected credit loss (net of reversal) | 3 | 246,115 | 293,853 | — | — | |
| Assets written off | 82,032 | — | — | — | — | |
| Balances written off/(back) | −2 | −8 | — | — | — | |
| Gain on extinguishment of intercompany financial assets and liabilities | −482,689 | — | — | — | — | |
| Inventories | 85,980 | −131,868 | −11,688 | −9,352 | — | |
| Accounts receivables, net | −5 | 780,880 | 6 | −943,470 | — | |
| Prepayments and other assets | −3 | −5 | −28 | −529,692 | — | |
| Accounts payable and accrued expenses | 225,169 | 3 | 19 | 4 | — | |
| Other liabilities | 4 | −1 | −674,090 | 571,519 | — | |
| Net cash used in operating activities | −20 | −18 | −19 | −8 | −1 | |
| Purchase of property and equipment and intangible assets | −1 | −424,910 | −455,924 | −842,045 | — | |
| Proceeds from sale of mutual fund | 112,847 | 309,289 | — | — | — | |
| Net cash used in investing activities | −896,813 | −115,621 | −7 | −841,359 | — | |
| Proceeds from issue of Ordinary Shares | 7 | 7 | — | — | — | |
| Proceeds from issue of equity shares of subsidiary | 7 | — | — | — | — | |
| Net proceeds/(payments) from borrowings | 8 | 4 | — | — | — | |
| Proceeds from forward purchase agreement | — | 1 | 4 | — | — | |
| Net cash generated from financing activities | 21 | 12 | 25 | 8 | 304,734 | |
| Effect of exchange rate changes on cash and cash equivalents | — | 3,168 | −244,444 | 72,752 | — | |
| Net (decrease)/increase in cash and cash equivalents (including restricted cash) | 276,527 | −7 | −805,351 | 45,412 | −884,839 | |
| Cash paid for interest, net of amounts capitalized | 3 | 1 | — | — | — | |
| Consideration payable in connection with acquisitions | 6 | 8 | — | — | — | |
| Interest accrued on borrowings | 4 | 2 | 451,323 | 257,188 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Roadzen Inc.'s CIK number?
Roadzen Inc.'s SEC CIK number is 0001868640 (1868640). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Roadzen Inc.'s SEC filings?
All of Roadzen Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Roadzen Inc. last report earnings?
Roadzen Inc. (RDZNW) most recently filed an earnings 8-K with the SEC on Jul 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-032180). This is Roadzen Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Roadzen Inc.'s most recent earnings 8-K?
Roadzen Inc.'s latest earnings 8-K (Item 2.02) was filed Jul 6, 2026 under accession 0001493152-26-032180. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Roadzen Inc.'s latest earnings 8-K →
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