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Dec 31, 2024
Roadzen Q3 2025 Earnings Report
Roadzen reported its fiscal third quarter and first nine-months FY2025 financial results, showing a sequential increase in revenue and a significant decrease in net loss.
Key Takeaways
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.
Third quarter 2025 Revenue totaled $12.1 million, an increase of 1.8% over the second quarter.
Net loss fell to $2.5 million, an 88% decrease from a $21.8 million net loss in the second fiscal quarter reflecting a clear path to breakeven.
Adjusted EBITDA loss for the fiscal third quarter of $1.87 million continues to narrow sequentially, decreasing approximately 13% over the second fiscal quarter.
Roadzen strengthened its balance sheet by reducing expenses and streamlining operations, eliminating $12.6 million in liabilities over the last 6 months utilizing $1.65 million in cash and approximately 1.2 million ordinary shares.
Roadzen
Roadzen
Forward Guidance
Roadzen anticipates revenue growth to resume strongly next quarter, supported by continued expansion in the U.S. and India, and the expected resumption of the U.K. business.
Positive Outlook
- Anticipate revenue growth to resume strongly next quarter.
- Continued expansion in the U.S. market.
- Continued expansion in the India market.
- Expected resumption of the U.K. business in the next couple of quarters.
- New product launches like MixtapeAI and AIS 184 compliance for DrivebuddyAI are expected to drive sustainable revenue growth.
Challenges Ahead
- Temporary countrywide suspension of GAP insurance sales in the U.K. market has impacted revenue.
- The company is still operating at a net loss, though it has significantly decreased.
- The company is still operating at an Adjusted EBITDA loss.
- The company's revenue decreased by 23% compared to the same quarter last year.
- The company's revenue for the nine months ending December 31, 2024, decreased by 11.6% compared to the same period last year.