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GlobeNewswire·

Roadzen Delivers Best Quarter in Company History with Record Q1 FY2027 Revenue of $16.2 Million, Up 49% Year-Over-Year

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  • Roadzen reported record first-quarter fiscal 2027 revenue of $16.2 million, representing a 49% increase from $10.9 million in the prior year period.
  • The company exited the quarter with an annualized revenue run rate of approximately $65 million & secured over $30 million in new contracted revenue.
  • Adjusted EBITDA loss narrowed to $(0.37) million from $(1.41) million year-over-year, marking an 8th consecutive quarter of improvement & a second consecutive 'Rule of 40' quarter with a score of 47.
  • Roadzen signed a definitive agreement in July 2026 to acquire a European MGA specializing in short-term car rental insurance, expected to add $18–20 million in annual revenue.
  • The AI platform delivered measurable results including up to 72% fewer accidents, an 85% combined ratio for MGA operations versus a 103% global average, & claims cycle times reduced from six weeks to 48 hours.
  • Revenue composition included 55% from IaaS (up 72.3% year-over-year) & 45% from brokerage solutions (up 28.2% year-over-year).
  • Operating expenses excluding cost of services & depreciation increased 14.7% year-over-year while revenue grew 49%, demonstrating operating leverage.
  • Net loss attributable to ordinary shareholders was $(9.8) million, primarily driven by a $7.2 million non-cash fair-value loss on financial instruments.
  • Total assets stood at $47.7 million as of June 30, 2026, with cash & cash equivalents totaling $6.0 million.
  • The company completed an $8.0 million institutional equity financing & issued approximately 4.9 million additional ordinary shares during the quarter.
  • Operational highlights included VehicleCare securing two major insurer claims mandates worth over $20 million annually & drivebuddyAI securing $7.8 million in fleet safety contracts.
  • Roadzen added two new patents for AI-based road-hazard detection & geo-mapping & partnered with a top-10 global automaker for GAP insurance in the U.K.
  • The company was added to the Russell 2000 & Russell 3000 indices following the June 2026 reconstitution.
  • The acquisition of the European MGA provides access to a $27 billion car rental insurance market with a capital-light model & no underwriting risk.