Roadzen Earnings Reports

Roadzen delivered $11.3M in revenue and nearly broke even with just $0.1M in net loss, driven by recovery in the U.K. and strong U.S. and India operations.

Roadzen Inc. announced its financial results for the fiscal third quarter ended December 31, 2024, with revenue totaling $12.1 million, a 1.8% increase sequentially. The company significantly reduced its net loss to $2.5 million, an 88% decrease from the previous quarter, and narrowed its Adjusted EBITDA loss. Roadzen also strengthened its balance sheet by eliminating $12.6 million in liabilities and launched a new AI product, MixtapeAI.

Roadzen reported a 33% increase in revenue compared to the previous quarter. The company's net loss was $21.8 million, primarily impacted by non-cash, non-recurring, and extraordinary items. Adjusted EBITDA loss improved by 25% sequentially, driven by the adoption of AI in reducing operating costs.

Roadzen reported a 59% year-over-year increase in revenue, reaching $8.9 million for the first quarter of 2025. The company's net loss was $48.4 million, which includes non-cash, non-recurring, and extraordinary items, resulting in an Adjusted EBITDA loss of $2.9 million. Roadzen secured new customer agreements with global insurers, carmakers, and fleets.

Roadzen reported a full year revenue of $46.7 million, a 245% increase from the prior year. The net loss was $99.7 million, impacted by non-cash, non-recurring, and extraordinary items, resulting in an Adjusted EBITDA loss of $10.4 million, a 5.1% increase over last year.

Roadzen reported a 372% year-over-year increase in quarterly revenue, reaching $15.64 million. The company's net loss was $30.57 million, impacted by non-cash, non-recurring, and extraordinary items, leading to an Adjusted EBITDA loss of $3.1 million, a 14% improvement over the second quarter.

Roadzen reported a record revenue of $15.4 million for Q2 2024, a 493% increase year-over-year. This growth was driven by strategic acquisitions and organic revenue expansion. The company's net loss was $31.1 million, including $27.5 million of non-cash, non-recurring and other extraordinary items, resulting in an Adjusted EBITDA loss of $3.6 million.