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GlobeNewswire·

Roadzen Reports Strongest Quarter in Two Years with $14.4 Million Third Quarter Revenue and Sixth Consecutive Quarter of Adjusted EBITDA Improvement

RDZN
  • Roadzen reported a 18.8% year-over-year revenue increase to $14.4 million for Q3 2025, with a 4.9% sequential growth from Q2.
  • Operating losses narrowed by 25.4% to $(2.4) million in Q3, while Adjusted EBITDA losses improved 67.1% to $(0.59) million, marking the sixth consecutive quarter of improvement.
  • Nine-month revenue rose 18.3% to a record $38.9 million, supported by a gross margin expansion to 59.5% for the period.
  • The company acquired EliteCover in the U.S. to access the $80 billion commercial auto insurance market, while signing an agreement to acquire VehicleCare in India for full-stack claims control.
  • Roadzen's India subsidiary was valued at approximately $280 million following the VehicleCare deal, implying a look-through value of roughly $3.50 per share.
  • The company extended its $11.5 million senior secured debt facility with Mizuho Securities USA to June 30, 2027.
  • The applied AI platform now processes over 3 million insurance claims annually, leveraging billions of real-world driving data points.
  • Customer base expanded to 61 insurance agreements, 87 automotive agreements, and approximately 4,100 agent/fleet agreements as of December 31, 2025.
  • DrivebuddyAI achieved EU GSR 2144 validation, surpassed 3.9 billion kilometers of driving data, and secured five-year contracts with six Indian trucking fleets.
  • Net loss for the quarter totaled $(9.1) million, driven primarily by $5.2 million in non-cash fair value adjustments related to share price movements.