NASDAQ : RDZN
Roadzen, Inc. — Financial statements
Technology · Software - Application · United States
Last price 1.12 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 95.38M
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Financial statements
Roadzen, Inc. (RDZN) reported revenue of 60.35M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 60.35M | 55.02M | 44.30M | 46.72M | 13.56M | 9.99M |
| Cost of Revenue | 23.73M | 21.28M | 18.83M | 18.13M | 5.41M | 4.81M |
| Gross Profit | 36.62M | 33.74M | 25.46M | 28.59M | 8.15M | 5.18M |
| Selling, General & Admin | 45.24M | 45.09M | 80.48M | 99.09M | 15.38M | 8.74M |
| Research & Development | 745.94K | 408.36K | 3.78M | 4.97M | 2.67M | 1.31M |
| Operating Expenses | 48.84M | 47.74M | 86.28M | 106.25M | 19.68M | 11.42M |
| Operating Income | -12.22M | -14.00M | -60.81M | -77.66M | -11.53M | -6.24M |
| Interest Expense | -9.16M | -7.25M | -3.25M | -2.29M | -776.02K | -44.93K |
| Other Non Operating Income (Expenses) | -6.47M | -1.65M | -7.77M | -18.64M | -1.02M | -3.50M |
| EBT Excluding Unusual Items | -27.85M | -22.90M | -71.83M | -98.59M | -13.32M | -9.78M |
| Impairment of Goodwill | -664.90K | |||||
| Gain (Loss) on Sale of Investments | -269.47K | -269.47K | -1.25M | -3.40M | ||
| Gain (Loss) on Sale of Assets | 2.10M | |||||
| Asset Writedown | -254.61K | |||||
| Other Unusual Items | 174.25K | 174.25K | ||||
| Pretax Income | -28.75M | -23.00M | -73.08M | -99.88M | -14.24M | -9.78M |
| Income Tax Expense | -66.39K | 20.21K | -13.97K | -23.65K | -42.27K | 24.96K |
| Earnings From Continuing Operations | -28.68M | -23.02M | -73.06M | -99.86M | -14.20M | -9.81M |
| Minority Interest in Earnings | 375.36K | 500.94K | 192.88K | 189.74K | 176.88K | 64.75K |
| Net Income | -28.30M | -22.52M | -72.87M | -99.67M | -14.02M | -9.74M |
| Preferred Dividends & Other Adjustments | 119.22K | 90.70K | ||||
| Net Income to Common | -28.30M | -22.52M | -72.87M | -99.67M | -14.14M | -9.83M |
| Shares Outstanding (Basic) | 79.56M | 77.45M | 69.87M | 44.03M | 16.50M | 606.42K |
| Shares Outstanding (Diluted) | 79.56M | 77.45M | 69.87M | 44.03M | 16.50M | 606.42K |
| EPS (Basic) | -0.36 | -0.29 | -1.04 | -2.26 | -0.86 | -16.21 |
| EPS (Diluted) | -0.36 | -0.29 | -1.04 | -2.26 | -0.86 | -16.21 |
| Free Cash Flow | -24.02M | -21.28M | -18.57M | -19.67M | -8.39M | -5.15M |
| Free Cash Flow Per Share | -0.30 | -0.28 | -0.27 | -0.45 | -0.51 | -8.49 |
| Gross Margin | 60.68% | 61.33% | 57.48% | 61.19% | 60.08% | 51.89% |
| Operating Margin | -20.25% | -25.44% | -137.29% | -166.21% | -85.04% | -62.46% |
| Profit Margin | -46.90% | -40.92% | -164.51% | -213.31% | -104.30% | -98.44% |
| Free Cash Flow Margin | -39.81% | -38.68% | -41.92% | -42.11% | -61.86% | -51.53% |
| EBITDA | -9.37M | -11.75M | -58.79M | -75.47M | -9.91M | -4.87M |
| EBITDA Margin | -15.53% | -21.36% | -132.73% | -161.53% | -73.06% | -48.74% |
| D&A For EBITDA | 2.85M | 2.24M | 2.02M | 2.19M | 1.62M | 1.37M |
| EBIT | -12.22M | -14.00M | -60.81M | -77.66M | -11.53M | -6.24M |
| EBIT Margin | -20.25% | -25.44% | -137.29% | -166.21% | -85.04% | -62.46% |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.00M | 6.58M | 4.84M | 11.19M | 589.34K | 913.64K |
| Short-Term Investments | 512.39K | 490.99K | 308.11K | 572.23K | 52.37K | 36.95K |
| Cash & Short-Term Investments | 6.52M | 7.07M | 5.14M | 11.76M | 641.71K | 950.59K |
| Accounts Receivable | 13.06M | 13.33M | 8.83M | 5.47M | 2.40M | 1.94M |
| Other Receivables | 1.08M | 47.84K | 6.83K | 126.93K | 129.73K | |
| Receivables | 14.14M | 13.38M | 8.83M | 5.48M | 2.53M | 2.07M |
| Inventory | 188.63K | 116.56K | 202.53K | 70.67K | 59.90K | 55.21K |
| Prepaid Expenses | 578.03K | 673.60K | 1.10M | 1.61M | 22.09K | 27.55K |
| Other Current Assets | 5.07M | 11.02M | 11.68M | 30.92M | 2.11M | 1.71M |
| Total Current Assets | 26.50M | 32.26M | 26.95M | 49.84M | 5.37M | 4.82M |
| Property, Plant & Equipment | 2.60M | 1.91M | 1.71M | 1.28M | 778.48K | 158.99K |
| Long-Term Investments | 269.47K | 1.51M | 4.91M | 4.91M | ||
| Goodwill | 7.62M | 7.62M | 2.06M | 2.06M | 996.44K | 1.73M |
| Other Intangible Assets | 9.75M | 9.65M | 1.24M | 2.99M | 2.47M | 3.75M |
| Long-Term Accounts Receivable | 799.38K | 798.90K | ||||
| Long-Term Deferred Tax Assets | 22.05K | 82.34K | 70.10K | |||
| Other Long-Term Assets | 455.43K | 420.93K | 338.04K | 428.85K | 577.63K | 442.28K |
| Total Assets | 47.72M | 52.66M | 32.58M | 58.14M | 15.18M | 15.87M |
| Accounts Payable | 11.48M | 14.84M | 17.48M | 22.80M | 2.01M | 1.53M |
| Accrued Expenses | 15.09M | 12.73M | 9.94M | 8.04M | 5.65M | 2.06M |
| Short-Term Debt | 6.78M | 7.84M | 19.87M | 15.75M | 4.88M | 531.04K |
| Current Portion of Long-Term Debt | 12.51M | 9.83M | 2.90M | 2.23M | 2.85M | 63.98K |
| Current Portion of Leases | 575.56K | 325.25K | 318.92K | 358.80K | 208.70K | |
| Current Income Taxes Payable | 83.05K | 137.86K | ||||
| Current Unearned Revenue | 693.15K | 663.32K | 893.82K | 656.97K | 108.44K | 292.03K |
| Other Current Liabilities | 11.86M | 12.07M | 5.53M | 15.81M | 891.64K | 1.10M |
| Total Current Liabilities | 58.99M | 58.30M | 56.94M | 65.65M | 16.68M | 5.72M |
| Long-Term Debt | 13.71M | 15.61M | 139.78K | 1.47M | 653.27K | 23.13M |
| Long-Term Leases | 1.13M | 699.82K | 628.40K | 268.86K | 360.31K | |
| Long-Term Unearned Revenue | 265.20K | 257.73K | 255.20K | 727.85K | ||
| Pension & Post-Retirement Benefits | 248.79K | 279.97K | 269.77K | 250.40K | 294.30K | 159.04K |
| Long-Term Deferred Tax Liabilities | 1.01M | 1.02M | 41.69K | 263.67K | 117.73K | |
| Other Long-Term Liabilities | 3.00M | 3.00M | 10.08K | |||
| Total Liabilities | 78.35M | 79.18M | 58.27M | 68.64M | 17.99M | 29.13M |
| Common Stock | 117.76M | 112.13M | 95.50M | 84.97M | 303.21K | 303.21K |
| Retained Earnings | -255.97M | -246.22M | -223.83M | -151.01M | -51.45M | -37.06M |
| Comprehensive Income & Other | 104.42M | 104.45M | 103.25M | 55.96M | 299.88K | -124.04K |
| Total Common Equity | -33.80M | -29.65M | -25.07M | -10.07M | -50.85M | -36.88M |
| Minority Interest | 3.17M | 3.13M | -616.88K | -426.03K | -237.69K | -73.98K |
| Shareholders' Equity | -30.63M | -26.52M | -25.69M | -10.50M | -2.81M | -13.26M |
| Total Liabilities & Equity | 47.72M | 52.66M | 32.58M | 58.14M | 15.18M | 15.87M |
| Total Debt | 34.70M | 34.31M | 23.86M | 20.08M | 8.95M | 23.72M |
| Net Cash (Debt) | -28.19M | -27.24M | -18.71M | -8.33M | -8.31M | -22.77M |
| Net Cash Per Share | -0.35 | -0.35 | -0.27 | -0.19 | -0.50 | -37.55 |
| Filing Date Shares Outstanding | 85.17M | 84.56M | 74.29M | 68.44M | 606.42K | 606.42K |
| Total Common Shares Outstanding | 84.60M | 79.70M | 74.29M | 68.44M | 606.42K | 606.42K |
| Working Capital | -32.49M | -26.05M | -29.98M | -15.81M | -11.31M | -899.98K |
| Book Value Per Share | -0.40 | -0.37 | -0.34 | -0.15 | -83.84 | -60.81 |
| Tangible Book Value | -51.17M | -46.92M | -28.38M | -15.12M | -54.31M | -42.36M |
| Tangible Book Value Per Share | -0.60 | -0.59 | -0.38 | -0.22 | -89.56 | -69.84 |
| Machinery | 1.71M | 1.60M | 1.23M | 1.28M | 599.60K | 538.22K |
| Leasehold Improvements | 39.52K | 29.22K | 31.19K | 31.74K | 21.38K | 23.19K |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -28.30M | -22.52M | -72.87M | -99.67M | -14.02M | -9.74M |
| Depreciation & Amortization | 2.85M | 2.24M | 2.02M | 2.19M | 1.62M | 1.37M |
| Loss (Gain) From Sale of Assets | -2.10M | -625.00 | -173.00 | |||
| Asset Writedown & Restructuring Costs | 82.03K | 82.03K | 919.52K | 101.58K | ||
| Loss (Gain) From Sale of Investments | 204.59K | 204.59K | 1.25M | 3.39M | ||
| Stock-Based Compensation | 1.31M | 497.81K | 47.21M | 56.30M | ||
| Provision & Write-off of Bad Debts | 915.31K | 2.65M | 246.12K | 293.85K | 263.08K | |
| Other Operating Activities | 6.12M | 1.11M | 6.64M | 23.57M | 707.79K | 3.35M |
| Change in Accounts Receivable | -4.47M | -4.78M | 780.88K | 5.87M | -943.47K | -318.88K |
| Change in Inventory | -89.51K | 85.98K | -131.87K | -11.69K | -9.35K | -55.99K |
| Change in Accounts Payable | -1.85M | 225.17K | 2.83M | 19.34M | 4.19M | 2.00M |
| Change in Income Taxes | -64.24K | -55.77K | 86.90K | |||
| Change in Other Net Operating Assets | 782.51K | 417.37K | -5.93M | -28.33M | 41.83K | -1.12M |
| Operating Cash Flow | -22.82M | -20.27M | -18.14M | -19.22M | -7.55M | -4.07M |
| Capital Expenditures | -1.20M | -1.01M | -424.91K | -455.92K | -842.04K | -1.08M |
| Sale of Property, Plant & Equipment | 686.00 | 782.00 | ||||
| Cash Acquisitions | -925.00K | -5.75M | -72.09K | |||
| Investment in Securities | 38.22K | 112.85K | 309.29K | -500.00K | ||
| Investing Cash Flow | -2.09M | -896.81K | -115.62K | -6.71M | -841.36K | -1.15M |
| Short-Term Debt Issued | 4.40M | 277.04K | ||||
| Long-Term Debt Issued | 8.28M | 3.67M | 15.47M | 4.11M | 71.17K | |
| Total Debt Issued | 8.23M | 8.28M | 3.67M | 15.47M | 8.51M | 348.20K |
| Long-Term Debt Repaid | -612.64K | -40.44K | ||||
| Total Debt Repaid | -1.18M | -612.64K | -40.44K | |||
| Net Debt Issued (Repaid) | 7.05M | 8.28M | 3.67M | 15.47M | 7.89M | 307.77K |
| Issuance of Common Stock | 12.59M | 6.52M | 7.07M | |||
| Other Financing Activities | 6.65M | 6.65M | 1.00M | 3.82M | ||
| Financing Cash Flow | 26.29M | 21.44M | 11.74M | 25.36M | 8.36M | 851.94K |
| Foreign Exchange Rate Adjustments | 24.59K | 3.17K | -244.44K | 72.75K | -2.81K | |
| Miscellaneous Cash Flow Adjustments | 1.47M | 1.47M | 11.24M | 703.10K | ||
| Net Cash Flow | 2.88M | 1.75M | -6.51M | 10.43M | 45.41K | -3.67M |
| Free Cash Flow | -24.02M | -21.28M | -18.57M | -19.67M | -8.39M | -5.15M |
| Free Cash Flow Margin | -39.81% | -38.68% | -41.92% | -42.11% | -61.86% | -51.53% |
| Free Cash Flow Per Share | -0.30 | -0.28 | -0.27 | -0.45 | -0.51 | -8.49 |
| Levered Free Cash Flow | -4.17M | -8.47M | 11.58M | 13.27M | -4.15M | -11.73M |
| Unlevered Free Cash Flow | 1.56M | -3.94M | 13.61M | 14.70M | -3.66M | -11.70M |
| Cash Interest Paid | 3.56M | 2.74M | 1.32M | 623.52K | 457.18K | 16.82K |
| Cash Income Tax Paid | 141.23K | 65.83K | ||||
| Change in Working Capital | -5.63M | -4.05M | -2.44M | -3.19M | 3.23M | 586.67K |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 97.09M | 95.63M | 77.16M | 444.87M | 261.38M | 248.38M |
| Enterprise Value | 125.28M | 122.45M | 94.16M | 453.37M | ||
| Last Close Price | 1.14 | 1.20 | 1.04 | 6.50 | 10.45 | 9.99 |
| Forward PE | 64.50 | |||||
| PS Ratio | 1.61 | 1.74 | 1.74 | 9.52 | 19.27 | 24.87 |
| PB Ratio | -3.61 | -3.00 | -42.37 | -93.06 | -18.74 | |
| EV/Sales Ratio | 2.08 | 2.23 | 2.13 | 9.70 | ||
| Debt / Equity Ratio | -1.13 | -1.29 | -0.93 | -1.91 | -3.19 | -1.79 |
| Net Debt / Equity Ratio | -0.92 | -1.03 | -0.73 | -0.79 | -2.96 | -1.72 |
| Net Debt / EBITDA Ratio | -3.01 | -2.32 | -0.32 | -0.11 | -0.84 | -4.68 |
| Net Debt / FCF Ratio | -1.17 | -1.28 | -1.01 | -0.42 | -0.99 | -4.42 |
| Asset Turnover | 1.50 | 1.29 | 0.98 | 1.27 | 0.87 | 0.61 |
| Inventory Turnover | 164.91 | 133.36 | 137.87 | 277.76 | 94.07 | 173.53 |
| Quick Ratio | 0.35 | 0.35 | 0.24 | 0.26 | 0.19 | 0.53 |
| Current Ratio | 0.45 | 0.55 | 0.47 | 0.76 | 0.32 | 0.84 |
| Return on Assets (ROA) | -18.93% | -20.53% | -83.80% | -132.40% | -46.42% | -23.66% |
| Return on Capital Employed (ROCE) | 108.40% | 247.90% | 249.70% | 1,033.20% | 768.40% | -61.40% |
| Earnings Yield | -31.21% | -23.54% | -94.44% | -22.40% | -5.37% | -3.92% |
| FCF Yield | -24.74% | -22.25% | -24.06% | -4.42% | -3.21% | -2.07% |
| Buyback Yield / Dilution | -11.54% | -10.86% | -58.67% | -166.83% | -2,621.19% |