$RDZN Roadzen Reports $13.7 Million Second Quarter
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Posted On: 11/14/2025 8:02:34 AM
$RDZN Roadzen Reports $13.7 Million Second Quarter Revenue, a 15.2% Improvement Over Prior Year Quarter, and Fifth Consecutive Quarter of Adjusted EBITDA Improvement
https://www.globenewswire.com/news-release/20...ement.html
Improving Fiscal Q2 and Record Six-Month Revenue
Revenue increased 25.9% quarter-over-quarter and 15.2% year-over-year to $13.7 million; six-month revenue rose 18.0% to $24.5 million, reporting a record first half and best quarter in the last 12 months.
Sharply Reduced Net Loss and Fifth Straight Quarter of Adjusted EBITDA1 Improvement
Q2 net loss narrowed to $(2.1) million from $(21.
million the same quarter last year, a 90.3% year-over-year improvement. Adjusted EBITDA loss improved to $(1.1) million from $(2.1) million from the prior year quarter — a 48.6% year-over-year improvement.
Balance Sheet Strengthened Through Premium Capital Raises
Over $9 million in additional capital was raised at premiums to market during the quarter, including funding at the India subsidiary level implying a $2 per share valuation for Roadzen’s Nasdaq share price.
Debt Extension Agreement in Principle – Post Second Quarter
In November, the Mizuho $11.5 million senior debt facility was agreed in principle to be extended from December 31, 2025 to June 30, 2027.
Series of Strategic Wins Strengthen Global Expansion
DrivebuddyAI achieved EU regulatory validation and surpassed 3.5 billion kilometers of real-world driving data. Roadzen also secured a major European OEM insurance mandate and signed a definitive agreement to acquire a majority interest in a U.S. commercial auto Managing General Underwriter, reinforcing its position as a global leader at the intersection of AI, insurance, and mobility.
NEW YORK, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, today announced its financial results for the three and six months ended September 30, 2025.
“This was a very strong quarter for Roadzen, building on the momentum from last quarter — both in business performance and in strengthening our balance sheet,” said Rohan Malhotra, CEO and founder of Roadzen. “We raised over $11.5 million in the last four months with minimal dilution to shareholders, from some of the world’s leading technology investors, delivered our fifth consecutive quarter of Adjusted EBITDA improvement, and achieved a 90.3% year-over-year reduction in net loss. Several key partnerships and contracts are set to come in, positioning us for accelerated momentum in the second half.”
Malhotra continued, “With over 3.5 billion kilometers of driving data powering DrivebuddyAI and more than 2.5 million claims and inspections processed annually through our platform, Roadzen now operates at a data scale unmatched in our industry. This depth of data and industrial knowledge in insurance is fueling our precision AI — built for mobility and insurance. We’ve asked our investors to track three things: our growth and path to breakeven, our leadership in innovation, and the addition of marquee client partnerships across geographies. We are confident we will deliver on these goals and continue to believe the Company is poised for sustained growth ahead.”
"This was a strong quarter for Roadzen, reflecting disciplined cost management and meaningful operational improvements. During the quarter, and with the subsequent final close of the India subsidiary funding, we continued to strengthen our balance sheet, providing the runway to reach operational cash flow breakeven,” stated Jean-Noël Gallardo, CFO of Roadzen Inc. “Following quarter-end, we agreed in principle with Mizuho to extend our debt facility, further enhancing our financial flexibility and removing a significant short-term liability. Combined with ongoing AI-driven efficiencies and targeted expense optimization, we are confident this momentum will drive continued margin expansion and stronger cash flow in the second half of fiscal 2026."
____________
1 Adjusted EBITDA is a non-GAAP financial metric. See “Non-GAAP Financial Measures” at the end of this press release for more information, including a reconciliation to the nearest GAAP financial measure.
Second Quarter and Year to Date Financial Highlights
Revenue and Key Performance Indicators:
Revenue for the second quarter totaled $13.7 million, increasing approximately $1.8 million, or 15.2%, over the prior year quarter. Revenue for the six months ended September 30, 2025 was $24.5 million, increasing approximately 18.0% over the same period last year.
As of September 30, 2025, Roadzen had 46 insurance customer agreements (including carriers, self-insureds and other entities processing insurance claims), 80 automotive customer agreements, and approximately 3,900 agents and fleet customer agreements. This compares to 34 insurance, 74 automotive and 3,550 agent and fleet customers as of September 30, 2024.
Roadzen’s brokerage business sold 116,528 policies during the second quarter generating $12.4 million of Gross Written Premium (“GWP”), compared to 70,618 policies in the same quarter last year, which produced $10.1 million of GWP.
In our IaaS business, 754,207 claims, roadside assistance and vehicle inspections were conducted during the three months ending September 30, 2025, compared to 607,577 for the same period in the prior year.
Gross margin for the quarter ended September 30, 2025 was 55.7% compared to 56.1% reported in the same quarter last year.
Net Results:
Net loss for the second quarter totaled $(2.1) million or $(0.03) per share, compared to a net loss of $(21. million or $(0.32) per share in the same quarter last year, which included approximately $19.7 million of non-cash, non-recurring and other extraordinary items.
Fiscal year to date, net loss totaled $(6.1) million or $(0.08) per share, compared to a net loss of $(70.2) million or $(1.03) per share in the same period last year.
Adjusted EBITDA loss for the quarter was $(1.1) million compared to a loss of $(2.1) million in the same quarter last year, and a loss of $(1.4) million for the first quarter of fiscal 2026. This second quarter marks Roadzen’s fifth sequential improvement in quarterly Adjusted EBITDA.
Other Financial Developments
On November 4, 2025, Roadzen reached an agreement in principle with Mizuho Securities USA LLC to extend the maturity of our existing $11.5 million senior secured debt facility by 18 months – from December 31, 2025 to June 30, 2027 – with no other change to the debt structure.
During the second quarter, Roadzen secured $9 million in additional capital through several transactions, each accomplished at a premium to market, including:
$2.25 million private placement from some of the Company’s largest shareholders at a 20% premium to the closing price;
$2.25 million registered direct offering from an institutional investor completed on the back of the first fund raise; and
$4.5 million raised through the first tranche of its India subsidiary financing, subsequently upsized to $7 million due to strong investor demand. The upsized transaction valued the subsidiary at $91 million post-money, implying approximately a $2 per share for Roadzen’s Nasdaq-listed shares. The round was led by marquee institutional investors including Team India, Quant AMC, Valentis Advisors, and Prime Securities Group, along with leading capital markets investors such as Utpal Sheth and Anand Jain.
Second Fiscal Quarter 2026 Operational Highlights
Contract and Partnership Announcements:
Roadzen announced its partnership with a top global two-wheeler (motorcycles and scooter) OEM to launch real-time connected roadside assistance for a new line of electric and connected vehicles across India. The OEM partner serves over 100 million vehicles globally, including more than 60 million two-wheelers in India and over 5 million new vehicles sold annually in the country where two-wheelers dominate the mobility landscape.
Subsequent Operational Developments
DrivebuddyAI Developments:
Roadzen’s DrivebuddyAI achieved official validation for its Driver Monitoring System (“DMS”) for compliance with the European Union General Safety Regulation (EU GSR 2144) by the authorized testing laboratory Applus IDIADA in Barcelona, Spain. This certification expands DrivebuddyAI’s regulatory compliance footprint beyond India’s AIS-184 standard, making it the only AI-powered driver monitoring platform validated under both Indian and European regulations. The validation comes ahead of the EU NCAP 2026 mandates requiring in-cabin driver monitoring for all new vehicles beginning July 2026.
DrivebuddyAI’s dataset surpassed 3.5 billion kilometers of real-world driving data—nearly doubling in just four months. This extensive data has consistently demonstrated a 70%+ reduction in accidents, validating the platform’s ability to improve driver behavior, fleet safety, and risk management for insurers and mobility operators worldwide.
DrivebuddyAI secured five-year contracts with six leading small and medium sized trucking fleets in India to equip over 1,500 Volve and BharatBenz vehicles with its advanced Driver Monitoring System and Collision Warning AI. Valued in the mid-seven figures (USD), the deals include hardware, subscription-based software, and 24-7 Command Centre for real-time driver oversight and accident prevention. Full deployment is slated for March 2026.
Contract and Partnership Announcements:
Roadzen was awarded a mandate to serve as a Managing General Agent for one of the world’s top five auto manufacturers to manage its insurance program in a major European market, representing over $20 million in annual GWP. Roadzen will manage administration, claims, and payments for the automaker’s insurance operations, earning fees that are expected to contribute more than 15% of GWP as recurring revenue to Roadzen. Expected to launch next quarter and powered by Roadzen’s Global Distribution Network, the agreement will deliver fully embedded digital policy management, automated claims, and real-time analytics, integrated seamlessly into the automaker’s ecosystem.
Acquisition Announcement:
Roadzen signed a definitive agreement to acquire majority control of a U.S.-based commercial auto insurance broker and Managing General Underwriter operating in California, Texas, Illinois, and New Jersey, with Lloyd’s of London Coverholder status. The business, which reached a $15 million annualized premium run rate within seven months, serves 90+ fleets via an expanding network of 300+ agents and adds six new carrier relationships.
Post-closing, it will integrate its offerings with DrivebuddyAI and National Auto Club, combining telematics, roadside assistance, claims, and insurance distribution into a uniquely positioned U.S. commercial auto platform. Operating on a commission- and fee-based model with no underwriting risk, it earns 15–25% of premiums per policy, plus fee income and profit share. The acquisition is expected to close this quarter, is non-dilutive, projected to generate $30 million+ in annual premiums and $8 million in revenues with a 25% net margin in the first year, and scale to $150 million GWP with 25%+ net margins within three years, establishing the U.S. as Roadzen’s second-largest market.
https://www.globenewswire.com/news-release/20...ement.html
Improving Fiscal Q2 and Record Six-Month Revenue
Revenue increased 25.9% quarter-over-quarter and 15.2% year-over-year to $13.7 million; six-month revenue rose 18.0% to $24.5 million, reporting a record first half and best quarter in the last 12 months.
Sharply Reduced Net Loss and Fifth Straight Quarter of Adjusted EBITDA1 Improvement
Q2 net loss narrowed to $(2.1) million from $(21.
million the same quarter last year, a 90.3% year-over-year improvement. Adjusted EBITDA loss improved to $(1.1) million from $(2.1) million from the prior year quarter — a 48.6% year-over-year improvement. Balance Sheet Strengthened Through Premium Capital Raises
Over $9 million in additional capital was raised at premiums to market during the quarter, including funding at the India subsidiary level implying a $2 per share valuation for Roadzen’s Nasdaq share price.
Debt Extension Agreement in Principle – Post Second Quarter
In November, the Mizuho $11.5 million senior debt facility was agreed in principle to be extended from December 31, 2025 to June 30, 2027.
Series of Strategic Wins Strengthen Global Expansion
DrivebuddyAI achieved EU regulatory validation and surpassed 3.5 billion kilometers of real-world driving data. Roadzen also secured a major European OEM insurance mandate and signed a definitive agreement to acquire a majority interest in a U.S. commercial auto Managing General Underwriter, reinforcing its position as a global leader at the intersection of AI, insurance, and mobility.
NEW YORK, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, today announced its financial results for the three and six months ended September 30, 2025.
“This was a very strong quarter for Roadzen, building on the momentum from last quarter — both in business performance and in strengthening our balance sheet,” said Rohan Malhotra, CEO and founder of Roadzen. “We raised over $11.5 million in the last four months with minimal dilution to shareholders, from some of the world’s leading technology investors, delivered our fifth consecutive quarter of Adjusted EBITDA improvement, and achieved a 90.3% year-over-year reduction in net loss. Several key partnerships and contracts are set to come in, positioning us for accelerated momentum in the second half.”
Malhotra continued, “With over 3.5 billion kilometers of driving data powering DrivebuddyAI and more than 2.5 million claims and inspections processed annually through our platform, Roadzen now operates at a data scale unmatched in our industry. This depth of data and industrial knowledge in insurance is fueling our precision AI — built for mobility and insurance. We’ve asked our investors to track three things: our growth and path to breakeven, our leadership in innovation, and the addition of marquee client partnerships across geographies. We are confident we will deliver on these goals and continue to believe the Company is poised for sustained growth ahead.”
"This was a strong quarter for Roadzen, reflecting disciplined cost management and meaningful operational improvements. During the quarter, and with the subsequent final close of the India subsidiary funding, we continued to strengthen our balance sheet, providing the runway to reach operational cash flow breakeven,” stated Jean-Noël Gallardo, CFO of Roadzen Inc. “Following quarter-end, we agreed in principle with Mizuho to extend our debt facility, further enhancing our financial flexibility and removing a significant short-term liability. Combined with ongoing AI-driven efficiencies and targeted expense optimization, we are confident this momentum will drive continued margin expansion and stronger cash flow in the second half of fiscal 2026."
____________
1 Adjusted EBITDA is a non-GAAP financial metric. See “Non-GAAP Financial Measures” at the end of this press release for more information, including a reconciliation to the nearest GAAP financial measure.
Second Quarter and Year to Date Financial Highlights
Revenue and Key Performance Indicators:
Revenue for the second quarter totaled $13.7 million, increasing approximately $1.8 million, or 15.2%, over the prior year quarter. Revenue for the six months ended September 30, 2025 was $24.5 million, increasing approximately 18.0% over the same period last year.
As of September 30, 2025, Roadzen had 46 insurance customer agreements (including carriers, self-insureds and other entities processing insurance claims), 80 automotive customer agreements, and approximately 3,900 agents and fleet customer agreements. This compares to 34 insurance, 74 automotive and 3,550 agent and fleet customers as of September 30, 2024.
Roadzen’s brokerage business sold 116,528 policies during the second quarter generating $12.4 million of Gross Written Premium (“GWP”), compared to 70,618 policies in the same quarter last year, which produced $10.1 million of GWP.
In our IaaS business, 754,207 claims, roadside assistance and vehicle inspections were conducted during the three months ending September 30, 2025, compared to 607,577 for the same period in the prior year.
Gross margin for the quarter ended September 30, 2025 was 55.7% compared to 56.1% reported in the same quarter last year.
Net Results:
Net loss for the second quarter totaled $(2.1) million or $(0.03) per share, compared to a net loss of $(21.
million or $(0.32) per share in the same quarter last year, which included approximately $19.7 million of non-cash, non-recurring and other extraordinary items. Fiscal year to date, net loss totaled $(6.1) million or $(0.08) per share, compared to a net loss of $(70.2) million or $(1.03) per share in the same period last year.
Adjusted EBITDA loss for the quarter was $(1.1) million compared to a loss of $(2.1) million in the same quarter last year, and a loss of $(1.4) million for the first quarter of fiscal 2026. This second quarter marks Roadzen’s fifth sequential improvement in quarterly Adjusted EBITDA.
Other Financial Developments
On November 4, 2025, Roadzen reached an agreement in principle with Mizuho Securities USA LLC to extend the maturity of our existing $11.5 million senior secured debt facility by 18 months – from December 31, 2025 to June 30, 2027 – with no other change to the debt structure.
During the second quarter, Roadzen secured $9 million in additional capital through several transactions, each accomplished at a premium to market, including:
$2.25 million private placement from some of the Company’s largest shareholders at a 20% premium to the closing price;
$2.25 million registered direct offering from an institutional investor completed on the back of the first fund raise; and
$4.5 million raised through the first tranche of its India subsidiary financing, subsequently upsized to $7 million due to strong investor demand. The upsized transaction valued the subsidiary at $91 million post-money, implying approximately a $2 per share for Roadzen’s Nasdaq-listed shares. The round was led by marquee institutional investors including Team India, Quant AMC, Valentis Advisors, and Prime Securities Group, along with leading capital markets investors such as Utpal Sheth and Anand Jain.
Second Fiscal Quarter 2026 Operational Highlights
Contract and Partnership Announcements:
Roadzen announced its partnership with a top global two-wheeler (motorcycles and scooter) OEM to launch real-time connected roadside assistance for a new line of electric and connected vehicles across India. The OEM partner serves over 100 million vehicles globally, including more than 60 million two-wheelers in India and over 5 million new vehicles sold annually in the country where two-wheelers dominate the mobility landscape.
Subsequent Operational Developments
DrivebuddyAI Developments:
Roadzen’s DrivebuddyAI achieved official validation for its Driver Monitoring System (“DMS”) for compliance with the European Union General Safety Regulation (EU GSR 2144) by the authorized testing laboratory Applus IDIADA in Barcelona, Spain. This certification expands DrivebuddyAI’s regulatory compliance footprint beyond India’s AIS-184 standard, making it the only AI-powered driver monitoring platform validated under both Indian and European regulations. The validation comes ahead of the EU NCAP 2026 mandates requiring in-cabin driver monitoring for all new vehicles beginning July 2026.
DrivebuddyAI’s dataset surpassed 3.5 billion kilometers of real-world driving data—nearly doubling in just four months. This extensive data has consistently demonstrated a 70%+ reduction in accidents, validating the platform’s ability to improve driver behavior, fleet safety, and risk management for insurers and mobility operators worldwide.
DrivebuddyAI secured five-year contracts with six leading small and medium sized trucking fleets in India to equip over 1,500 Volve and BharatBenz vehicles with its advanced Driver Monitoring System and Collision Warning AI. Valued in the mid-seven figures (USD), the deals include hardware, subscription-based software, and 24-7 Command Centre for real-time driver oversight and accident prevention. Full deployment is slated for March 2026.
Contract and Partnership Announcements:
Roadzen was awarded a mandate to serve as a Managing General Agent for one of the world’s top five auto manufacturers to manage its insurance program in a major European market, representing over $20 million in annual GWP. Roadzen will manage administration, claims, and payments for the automaker’s insurance operations, earning fees that are expected to contribute more than 15% of GWP as recurring revenue to Roadzen. Expected to launch next quarter and powered by Roadzen’s Global Distribution Network, the agreement will deliver fully embedded digital policy management, automated claims, and real-time analytics, integrated seamlessly into the automaker’s ecosystem.
Acquisition Announcement:
Roadzen signed a definitive agreement to acquire majority control of a U.S.-based commercial auto insurance broker and Managing General Underwriter operating in California, Texas, Illinois, and New Jersey, with Lloyd’s of London Coverholder status. The business, which reached a $15 million annualized premium run rate within seven months, serves 90+ fleets via an expanding network of 300+ agents and adds six new carrier relationships.
Post-closing, it will integrate its offerings with DrivebuddyAI and National Auto Club, combining telematics, roadside assistance, claims, and insurance distribution into a uniquely positioned U.S. commercial auto platform. Operating on a commission- and fee-based model with no underwriting risk, it earns 15–25% of premiums per policy, plus fee income and profit share. The acquisition is expected to close this quarter, is non-dilutive, projected to generate $30 million+ in annual premiums and $8 million in revenues with a 25% net margin in the first year, and scale to $150 million GWP with 25%+ net margins within three years, establishing the U.S. as Roadzen’s second-largest market.
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