RDZN on Nasdaq

Roadzen Inc.

Insurance agents company in the British Virgin Islands, listed on Nasdaq (RDZN).

Price unavailable

Last updated Oct 18, 2026.

Overview

$55.0MRevenue, fiscal 2026²

-$22.5MNet income, fiscal 2026³

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TickerRDZN on Nasdaq
IndustryInsurance Agents, Brokers & Service
HeadquartersD8
Incorporated inVirgin Islands, British⁴
Business address111 Anza Blvd., Suite 109, Burlingame, Ca 94010⁴
Filer category, Emerging growth company⁴

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

-25.4%Operating margin²

-40.9%Net margin³

24.2%Revenue growth, 2026²

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Commision and Distrubution Service brought in 50% of the revenue Roadzen Inc. broke down this way in fiscal 2026.

Commision and Distrubution Service$27.7M²50%up 18% from 2025
Insurance Service$27.3M²50%up 31% from 2025

Products and services by year

Products and services	2025	2026
Commision and Distrubution Service	$23.4M	$27.7M
Insurance Service	$20.8M	$27.3M

Regions

India brought in 58% of the revenue Roadzen Inc. broke down this way in fiscal 2026.

India$32.0M²58%up 37% from 2025
United States$11.9M²22%up 3% from 2025
United Kingdom$6.3M²12%down 32% from 2025
[China [Member]]$4.7M²9%

Regions by year

Regions	2025	2026
India	$23.4M	$32.0M
United States	$11.6M	$11.9M
United Kingdom	$9.3M	$6.3M
[China [Member]]		$4.7M

Where the money goes

Where each dollar of revenue went, fiscal 2026

Cost of revenueOther costs

Cost of revenue39¢$21.3M
Research and development1¢$408.4K
Other costs61¢$33.3M
Income tax0¢$20.2K

Out of $55.0M in revenue.²³ The company lost money this year.

Financial statements

Revenue⁵⁶²$55.0M in 2026+18741% since 2022

Operating income⁵⁶²-$14.0M in 2026+21% since 2023

Net income⁷⁵⁶²³-$22.5M in 2026

Every line of the income statement as filed: the last 2 fiscal years, latest first.²

Period ending	2026-03-31	2025-03-31
Revenue	$55.0M	$44.3M
Cost of services	$21.3M	$18.8M
Research and development	$408.4K	$3.8M
Sales and marketing	$29.1M	$28.9M
General and administrative	$16.0M	$51.6M
Depreciation and amortization	$2.2M	$2.0M
Total costs and expenses	$69.0M	$105.1M
Loss from operations	-$14.0M	-$60.8M
Interest expense (net)	-$7.2M	-$3.2M
Gain on bargain purchase	$174.2K
Fair value gains/(losses) in financial instruments carried at fair value	-$4.0M	-$14.8M
Impairment of investment	-$269.5K	-$1.2M
Other income (net)	$2.3M	$7.1M
Total other income/(expense)	-$9.0M	-$12.3M
(Loss)/Income before income tax expense	-$23.0M	-$73.1M
Less: income tax (benefit)/expense	$20.2K	-$14.0K
Net (loss)/income before non-controlling interest	-$23.0M	-$73.1M
Net loss attributable to non-controlling interest, net of tax	-$500.9K	-$192.9K
Net Loss attributable to Ordinary shareholders	-$22.5M	-$72.9M
Basic	-$0.29	-$1.04
Diluted	-$0.29	-$1.04
Weighted-average number of shares used in computing net loss per share - Basic	77.5M shares	69.9M shares
Weighted-average number of shares used in computing net loss per share - Diluted	77.5M shares	69.9M shares

Total assets⁷⁵⁶²$52.7M in 2026−74% since 2021

Total liabilities⁷⁵⁶²$79.2M in 2026+1026% since 2021

Shareholders’ equity⁷⁶²-$29.6M in 2026+416% since 2021

Cash⁷⁵⁶²$6.6M in 2026+603% since 2021

Long-term debt⁵⁶²$15.6M in 2026+2290% since 2023

Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.²

Period ending	2026-03-31	2025-03-31	2024-03-31
Cash and cash equivalents	$6.6M	$4.8M
Accounts receivable, net	$7.5M	$2.6M
Inventories	$116.6K	$202.5K
Prepayments and other current assets	$17.8M	$19.1M
Investments	$230.0K	$197.8K
Total current assets	$32.3M	$27.0M
Restricted cash	$222.0K	$217.1K
Non marketable securities		$269.5K
Property and equipment, net	$537.0K	$602.9K
Goodwill	$7.6M	$2.1M	$2.1M
Operating lease right-of-use assets	$1.4M	$1.1M
Intangible assets, net	$9.7M	$1.2M
Other long-term assets	$997.8K	$121.0K
Total Non current assets	$20.4M	$5.6M
Total assets	$52.7M	$32.6M
Current portion of long-term borrowings	$9.8M	$2.9M
Short-term borrowings	$7.8M	$19.9M
Accounts payable and accrued expenses	$30.2M	$30.3M
Derivative warrant liabilities	$2.0M	$1.5M
Short-term operating lease liabilities	$325.3K	$318.9K
Other current liabilities	$8.1M	$2.1M
Total current liabilities	$58.3M	$56.9M
Long-term borrowings	$15.6M	$139.8K
Long-term operating lease liabilities	$699.8K	$628.4K
Other long-term liabilities	$4.6M	$566.7K
Total Non current liabilities	$20.9M	$1.3M
Total liabilities	$79.2M	$58.3M
Ordinary Shares and additional paid in capital, $0.0001 par value per share, 220,000,000 shares authorized as of March 31, 2026 and March 31, 2025; 79,695,672 and 74,290,986 shares outstanding as of March 31, 2026 and March 31, 2025 respectively	$112.1M	$95.5M
Accumulated deficit	-$246.2M	-$223.8M
Accumulated other comprehensive income/(loss)	-$1.3M	-$468.9K
Other components of equity	$105.7M	$103.7M
Total shareholders deficit	-$29.6M	-$25.1M	-$10.1M
Non-controlling interest	$3.1M	-$616.9K
Total deficit	-$26.5M	-$25.7M
Total liabilities and Total Deficit	$52.7M	$32.6M
Ordinary shares, par value	$0.00	$0.00
Ordinary shares, shares authorized	220.0M shares	220.0M shares
Ordinary shares, shares issued	79.7M shares	74.3M shares
Ordinary shares, shares outstanding	79.7M shares	74.3M shares

Period ending	2026-03-31	2025-03-31	2024-03-31
Cash and cash equivalents	$6.6M	$4.8M
Accounts receivable, net	$7.5M	$2.6M
Inventories	$116.6K	$202.5K
Prepayments and other current assets	$17.8M	$19.1M
Investments	$230.0K	$197.8K
Total current assets	$32.3M	$27.0M
Restricted cash	$222.0K	$217.1K
Non marketable securities		$269.5K
Property and equipment, net	$537.0K	$602.9K
Goodwill	$7.6M	$2.1M	$2.1M
Operating lease right-of-use assets	$1.4M	$1.1M
Intangible assets, net	$9.7M	$1.2M
Other long-term assets	$997.8K	$121.0K
Total Non current assets	$20.4M	$5.6M
Total assets	$52.7M	$32.6M
Current portion of long-term borrowings	$9.8M	$2.9M
Short-term borrowings	$7.8M	$19.9M
Accounts payable and accrued expenses	$30.2M	$30.3M
Derivative warrant liabilities	$2.0M	$1.5M
Short-term operating lease liabilities	$325.3K	$318.9K
Other current liabilities	$8.1M	$2.1M
Total current liabilities	$58.3M	$56.9M
Long-term borrowings	$15.6M	$139.8K
Long-term operating lease liabilities	$699.8K	$628.4K
Other long-term liabilities	$4.6M	$566.7K
Total Non current liabilities	$20.9M	$1.3M
Total liabilities	$79.2M	$58.3M
Ordinary Shares and additional paid in capital, $0.0001 par value per share, 220,000,000 shares authorized as of March 31, 2026 and March 31, 2025; 79,695,672 and 74,290,986 shares outstanding as of March 31, 2026 and March 31, 2025 respectively	$112.1M	$95.5M
Accumulated deficit	-$246.2M	-$223.8M
Accumulated other comprehensive income/(loss)	-$1.3M	-$468.9K
Other components of equity	$105.7M	$103.7M
Total shareholders deficit	-$29.6M	-$25.1M	-$10.1M
Non-controlling interest	$3.1M	-$616.9K
Total deficit	-$26.5M	-$25.7M
Total liabilities and Total Deficit	$52.7M	$32.6M
Ordinary shares, par value	$0.00	$0.00
Ordinary shares, shares authorized	220.0M shares	220.0M shares
Ordinary shares, shares issued	79.7M shares	74.3M shares
Ordinary shares, shares outstanding	79.7M shares	74.3M shares

Cash from operations⁷⁵⁶²-$20.3M in 2026+1604% since 2022

Every line of the cash flow as filed: the last 2 fiscal years, latest first.²

Period ending	2026-03-31	2025-03-31
Net loss attributable to Ordinary shareholders	-$22.5M	-$72.9M
Depreciation and amortization	$2.2M	$2.0M
Stock based compensation	$497.8K	$47.2M
Deferred income taxes	-$14.3K	-$193.3K
Unrealized foreign exchange loss/(profit)	-$831.0K	$132.1K
Gain over liability settled/expense through issuance of equity shares	-$64.9K
Fair value losses/(profits) in financial instruments carried at fair value	$4.0M	$14.8M
Impairment of investment	$269.5K	$1.2M
Expected credit loss (net of reversal)	$2.7M	$246.1K
Assets written off	$82.0K
Balances written off/(back)	-$1.5M	-$8.1M
Gain on extinguishment of intercompany financial assets and liabilities	-$482.7K
Net loss attributable to non-controlling interest, net of tax	-$500.9K	-$192.9K
Inventories	$86.0K	-$131.9K
Accounts receivables, net	-$4.8M	$780.9K
Prepayments and other assets	-$3.2M	-$4.8M
Accounts payable and accrued expenses	$225.2K	$2.8M
Other liabilities	$3.6M	-$1.1M
Net cash used in operating activities	-$20.3M	-$18.1M
Purchase of property and equipment and intangible assets	-$1.0M	-$424.9K
Proceeds from sale of mutual fund	$112.8K	$309.3K
Net cash used in investing activities	-$896.8K	-$115.6K
Proceeds from issue of Ordinary Shares	$6.5M	$7.1M
Proceeds from issue of equity shares of subsidiary	$6.6M
Net proceeds/(payments) from borrowings	$8.3M	$3.7M
Proceeds from forward purchase agreement		$1.0M
Net cash generated from financing activities	$21.4M	$11.7M
Effect of exchange rate changes on cash and cash equivalents		$3.2K
Net (decrease)/increase in cash and cash equivalents (including restricted cash)	$276.5K	-$6.5M
Cash paid for interest, net of amounts capitalized	$2.7M	$1.3M
Consideration payable in connection with acquisitions	$6.4M	$8.4M
Interest accrued on borrowings	$3.7M	$2.1M

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Leadership

Who has led Roadzen Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

Chair

Saurav Adhikari2021

Chief financial officer

Chief operating officer

Ankur Kamboj2023

2025

Chief executive officerRohan Malhotra Sep 20, 2023 to Sep 20, 2023¹⁰
Chief executive officerKaran Puri Nov 22, 2021 to Sep 20, 2023¹¹
ChairSaurav Adhikari Nov 22, 2021 to Nov 22, 2021¹²
Chief financial officerJean-Noel Gallardo Feb 27, 2024 to May 29, 2024¹³
Chief financial officerMohit Pasricha Sep 20, 2023 to Sep 22, 2023¹⁴
Chief financial officerRaahim Don Nov 22, 2021 to Sep 20, 2023¹⁵
Chief operating officerAnkur Kamboj Sep 20, 2023 to Sep 22, 2023¹⁶

Board members and other officers (10)

OfficerXavier Blanchard Sep 20, 2023 to Sep 22, 2023¹⁷
OfficerRohan Malhotra Sep 22, 2023 to now¹⁸
Board memberRohan Malhotra Sep 20, 2023 to now¹⁰
Board memberSaurav Adhikari Sep 20, 2023 to now¹⁹
Board memberSteven J. Carlson Sep 20, 2023 to now²⁰
Board memberSupurna Vedbrat Sep 20, 2023 to now²¹
Board memberZoe Ashcroft Sep 20, 2023 to now²²
Board memberAbha Kumar Nov 22, 2021 to Sep 20, 2023²³
Board memberDiane Beth Glossman Nov 22, 2021 to now²⁴
Board memberRangarajan Sundaram Nov 22, 2021 to Sep 20, 2023²⁵

Former names

Vahanna Tech Edge Acquisition I Corp.Jun 24, 2021 to Sep 8, 2023⁴

Timeline

Sep 20, 2023New chief executive Rohan Malhotra becomes CEO¹⁰
Nov 22, 2021New chief executive Karan Puri becomes CEO¹¹

Filings

249 filings to the SEC since October 2021: 7 annual reports, 14 quarterly reports, 70 major events, 64 insider forms, 21 large holders, 73 other. The latest 20:

Sep 16, 20268-K EDGAR
Aug 13, 202610-Q EDGAR
Aug 13, 20268-K EDGAR
Jul 9, 20268-K EDGAR
Jul 6, 20268-K EDGAR
Jun 29, 202610-K EDGAR
May 22, 20268-K EDGAR
May 7, 20268-K EDGAR
May 5, 20268-K EDGAR
May 5, 2026424B5 EDGAR
Apr 28, 20268-K EDGAR
Apr 10, 20268-K EDGAR
Apr 1, 20268-K EDGAR
Mar 11, 20268-K EDGAR
Mar 10, 2026DEF 14A EDGAR
Mar 3, 20264 EDGAR
Feb 26, 20268-K EDGAR
Feb 19, 20264 EDGAR
Feb 13, 20268-K EDGAR
Feb 12, 202610-Q EDGAR

The 249 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 21 such filings since October 2021, the latest 10:

Nov 14, 2024SC 13G/A
Jul 11, 2024SC 13G
May 7, 2024SC 13G
Feb 22, 2024SC 13G
Feb 14, 2024SC 13G/A
Feb 14, 2024SC 13G
Feb 14, 2024SC 13G
Feb 9, 2024SC 13G/A
Feb 7, 2024SC 13G
Feb 7, 2024SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARRoadzen Inc. filings on SEC EDGAR
2
SEC EDGARRoadzen Inc. 10-K for fiscal 2026
3
SEC EDGARRoadzen Inc. 10-K for fiscal 2026
4
SEC EDGARRoadzen Inc. filings on SEC EDGAR
5
SEC EDGARRoadzen Inc. 10-K for fiscal 2022
6
SEC EDGARRoadzen Inc. 10-K for fiscal 2024
7
SEC EDGARRoadzen Inc. 10-K for fiscal 2022
8
SEC EDGARRoadzen Inc. 10-Q for fiscal 2025
9
SEC EDGARRoadzen Inc. 10-Q for fiscal 2025
10
SEC EDGARRohan Malhotra, Chief executive officer
11
SEC EDGARKaran Puri, Chief executive officer
12
SEC EDGARSaurav Adhikari, Chair
13
SEC EDGARJean-Noel Gallardo, Chief financial officer
14
SEC EDGARMohit Pasricha, Chief financial officer
15
SEC EDGARRaahim Don, Chief financial officer
16
SEC EDGARAnkur Kamboj, Chief operating officer
17
SEC EDGARXavier Blanchard, Officer
18
SEC EDGARRohan Malhotra, Officer
19
SEC EDGARSaurav Adhikari, Board member
20
SEC EDGARSteven J. Carlson, Board member
21
SEC EDGARSupurna Vedbrat, Board member
22
SEC EDGARZoe Ashcroft, Board member
23
SEC EDGARAbha Kumar, Board member
24
SEC EDGARDiane Beth Glossman, Board member
25
SEC EDGARRangarajan Sundaram, Board member