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GlobeNewswire·

Roadzen Reports $13.7 Million Second Quarter Revenue, a 15.2% Improvement Over Prior Year Quarter, and Fifth Consecutive Quarter of Adjusted EBITDA Improvement

RDZN
  • Roadzen reported Fiscal Q2 revenue of $13.7 million, a 25.9% quarter-over-quarter increase & a 15.2% year-over-year rise, while six-month revenue reached a record $24.5 million.
  • The company's net loss narrowed to $(2.1) million from $(21.8) million in the prior year quarter, marking a 90.3% year-over-year improvement.
  • Adjusted EBITDA loss improved to $(1.1) million from $(2.1) million year-over-year, representing a 48.6% improvement & the fifth consecutive quarter of such progress.
  • Over $9 million in additional capital was raised at premiums to market, including an India subsidiary transaction implying a $2 per share valuation for Roadzen's Nasdaq stock.
  • An agreement in principle was reached in November to extend the $11.5 million senior debt facility with Mizuho from December 31, 2025, to June 30, 2027.
  • DrivebuddyAI achieved EU regulatory validation for its Driver Monitoring System & surpassed 3.5 billion kilometers of real-world driving data.
  • Roadzen secured a major European OEM insurance mandate worth over $20 million in annual Gross Written Premium & signed a definitive agreement to acquire a majority interest in a U.S. commercial auto Managing General Underwriter.
  • The company expanded its customer base to 46 insurance agreements, 80 automotive agreements, & approximately 3,900 agent & fleet agreements as of September 30, 2025.
  • Gross margin for the quarter was 55.7%, while the brokerage business sold 116,528 policies generating $12.4 million in Gross Written Premium.
  • Net loss for the first half of fiscal 2026 totaled $(6.1) million, a significant reduction from the $(70.2) million loss in the same period last year.
  • Strategic partnerships include a collaboration with a top global two-wheeler OEM for connected roadside assistance in India & five-year contracts with six Indian trucking fleets.
  • The U.S. acquisition is expected to close this quarter, generating $30 million+ in annual premiums & $8 million in revenue with a 25% net margin in the first year.