RDZN · Roadzen Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.36M | $13.68M | $10.87M | $8.93M | $12.09M | $11.87M | - | $3.32M | $15.47M | - |
| Cost of Revenue | $5.21M | $6.06M | $4.47M | $5.43M | $4.28M | $6.36M | - | - | - | - |
| Gross Profit | $9.14M | $7.62M | $6.40M | $3.50M | $7.81M | $5.52M | - | - | - | - |
| R&D | $294.0K | $148.5K | $81.5K | $1.79M | $249.6K | $1.50M | - | $519.9K | $602.1K | - |
| SG&A | $3.52M | $3.81M | $2.58M | $25.83M | $2.77M | $20.43M | - | $861.1K | $5.58M | $2.05M |
| Total Operating Expenses | $16.72M | $17.02M | $11.33M | $9.50M | $15.26M | $35.42M | - | $46.96M | $2.20M | $2.11M |
| D&A | $311.6K | $750.2K | $125.0K | $480.3K | $299.9K | $193.4K | - | $451.8K | $369.4K | - |
| Operating Income | ($2.36M) | ($3.34M) | ($2.52M) | ($3.89M) | ($3.17M) | ($23.54M) | - | ($3.19M) | ($7.54M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | $52.3K | - |
| Income Tax | ($23.6K) | $10.8K | $80.0K | $22.4K | ($9.1K) | ($181.3K) | - | ($48.7K) | $10.9K | - |
| Net Income | ($9.15M) | ($2.11M) | ($4.01M) | ($48.41M) | ($2.52M) | ($21.81M) | - | $477.4K | ($31.08M) | $91.0K |
| EPS - Basic | ($0.12) | ($0.03) | ($0.05) | ($0.71) | ($0.04) | ($0.32) | - | $0.03 | ($1.40) | - |
| EPS - Diluted | ($0.12) | ($0.03) | ($0.05) | ($0.71) | ($0.04) | ($0.32) | - | ($0.45) | ($1.40) | - |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.14M | $4.97M | $3.12M | $4.84M | $5.81M | $5.99M | $11.19M | $9.41M | $8.11M | $174.4K |
| Accounts Receivable | $3.71M | $2.65M | $2.57M | $2.63M | $2.87M | $3.22M | $3.65M | $7.14M | $8.69M | - |
| Inventory | $176.7K | $213.9K | $99.2K | $202.5K | $114.5K | $91.5K | $70.7K | $29.3K | $132.6K | - |
| Accounts Payable | $14.76M | $14.61M | $17.29M | $17.48M | $18.56M | $20.35M | $22.80M | $24.31M | $19.41M | - |
| Current Assets | $34.16M | $34.12M | $27.09M | $26.95M | $25.99M | $23.01M | $49.84M | $52.93M | $51.40M | $265.2K |
| Total Assets | $44.87M | $41.55M | $32.96M | $32.58M | $32.00M | $29.14M | $58.14M | $66.63M | $65.68M | $209.56M |
| Current Liabilities | $63.20M | $61.29M | $60.61M | $56.94M | $61.36M | $61.01M | $65.65M | $66.17M | $61.99M | $3.61M |
| Long-term Debt | $4.85M | $147.9K | $150.3K | $139.8K | $117.1K | $1.33M | $1.47M | $608.2K | $234.4K | - |
| Total Liabilities | $68.95M | $62.40M | $61.75M | $58.27M | $62.48M | $63.42M | $68.64M | $67.95M | $63.45M | $10.13M |
| Stockholders' Equity | ($26.60M) | ($28.02M) | ($28.08M) | ($25.07M) | ($29.92M) | ($33.79M) | ($10.07M) | ($967.9K) | $2.54M | ($9.87M) |
| Retained Earnings | ($238.99M) | ($229.94M) | ($227.83M) | ($223.83M) | ($223.73M) | ($221.23M) | ($151.01M) | ($117.03M) | ($86.52M) | ($9.87M) |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($2.92M) | ($5.67M) | - | - | - | - | - | ($551.5K) |
| Investing Cash Flow | - | - | ($200.9K) | ($2.52M) | - | - | - | - | - | - |
| Financing Cash Flow | - | - | $1.44M | $12.38M | - | - | - | - | - | $675.0K |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 63.7% | 55.7% | 58.9% | 39.2% | 64.6% | 46.4% | - | - | - | - |
| Operating margin | -16.5% | -24.4% | -23.2% | -43.5% | -26.2% | -198.3% | - | -96.2% | -48.7% | - |
| EBITDA margin | -14.3% | -18.9% | -22.0% | -38.2% | -23.7% | -196.6% | - | -82.5% | -46.4% | - |
| Net margin | -63.7% | -15.4% | -36.9% | -542.0% | -20.8% | -183.7% | - | 14.4% | -200.9% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | 2.0% | 1.1% | 0.8% | 20.0% | 2.1% | 12.6% | - | 15.7% | 3.9% | - |
| SG&A / Revenue | 24.5% | 27.8% | 23.7% | 289.2% | 22.9% | 172.1% | - | 26.0% | 36.1% | - |
| Effective tax rate | - | - | - | - | - | - | - | -11.4% | - | - |
| Return on assets | -20.4% | -5.1% | -12.2% | -148.6% | -7.9% | -74.9% | - | 0.7% | -47.3% | 0.0% |
| Return on equity | 34.4% | 7.5% | 14.3% | 193.1% | 8.4% | 64.5% | - | -49.3% | -1223.5% | -0.9% |
| Return on invested capital | - | - | - | - | - | - | - | - | -214.7% | - |
| Liquidity | ||||||||||
| Current ratio | 0.54 | 0.56 | 0.45 | 0.47 | 0.42 | 0.38 | 0.76 | 0.80 | 0.83 | 0.07 |
| Quick ratio | 0.54 | 0.55 | 0.45 | 0.47 | 0.42 | 0.38 | 0.76 | 0.80 | 0.83 | 0.07 |
| Cash ratio | 0.08 | 0.08 | 0.05 | 0.08 | 0.09 | 0.10 | 0.17 | 0.14 | 0.13 | 0.05 |
| Leverage | ||||||||||
| Debt / Equity | -0.18 | -0.01 | -0.01 | -0.01 | -0.00 | -0.04 | -0.15 | -0.63 | 0.09 | - |
| Debt / Assets | 0.11 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.03 | 0.01 | 0.00 | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | -144.2x | - |
| Equity multiplier | -1.69 | -1.48 | -1.17 | -1.30 | -1.07 | -0.86 | -5.77 | -68.85 | 25.86 | -21.23 |
| Liabilities / Assets | 1.54 | 1.50 | 1.87 | 1.79 | 1.95 | 2.18 | 1.18 | 1.02 | 0.97 | 0.05 |
| Efficiency | ||||||||||
| Asset turnover | 0.32 | 0.33 | 0.33 | 0.27 | 0.38 | 0.41 | - | 0.05 | 0.24 | - |
| Inventory turnover | 29.51 | 28.32 | 45.06 | 26.80 | 37.34 | 69.49 | - | - | - | - |
| Days sales outstanding | 94d | 71d | 86d | 107d | 87d | 99d | - | 786d | 205d | - |
| Days inventory outstanding | 12d | 13d | 8d | 14d | 10d | 5d | - | - | - | - |
| Days payable outstanding | 1033d | 880d | 1412d | 1176d | 1584d | 1168d | - | - | - | - |
| Cash conversion cycle | -926d | -797d | -1317d | -1055d | -1488d | -1064d | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | 27.1x | - |
| P / S | 13.2x | 4.8x | 6.7x | 0.1x | 12.4x | 6.9x | - | 25.3x | 4.4x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 18.8% | 15.2% | 21.7% | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | 63.0% | -4.0% | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 17.1% | 38.2% | 82.5% | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 25.4% | 85.8% | 35.2% | - | - | - | - | - | - | - |
| Net income growth (YoY) | -263.4% | 90.3% | 91.7% | - | - | - | - | -32.7% | -34468.4% | - |
| EPS growth (YoY) | -200.0% | 90.6% | 93.0% | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 11.1% | 17.1% | -12.0% | -148.9% | - | - | -2.1% | 85.3% | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-03-31.
Product / service
$44.30M totalCommision And Distrubution Service$23.45M · 52.9%
Insurance Service$20.85M · 47.1%
Peer comparison
Same SIC group: Insurance Agents, Brokers & Service
Comparing Roadzen Inc. against the 5 most active filers in the same SIC group.