Roadzen Earnings Reports

Roadzen reported a slight increase in revenue compared to the previous quarter, alongside a significant reduction in net loss. The company launched new AI products and strengthened its balance sheet by reducing liabilities. However, revenue decreased compared to the same quarter last year due to the temporary suspension of GAP insurance sales in the UK.

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.