RDZN

MKT CAP:$105M

Roadzen, Inc.

Market Cap

$105M

Technology·Software - Application·🇮🇳 India·NASDAQ

Technology·Software App·🇮🇳·NASDAQ

Stock Price

$1.13-$1.24 (-52.32%)

Apr 21, 2026

Company Details

RoadZen, lnc. provides an online on-demand roadside assistance services with a network of towing and roadside repair providers in India. The company suite enables Insurers and Automotive OEMs with real-time customer interactions, rapid clai...

CEO

Rohan Malhotra

IPO Date

Jan 13, 2022

Website

www.roadzen.io

Key Metrics TTM

Revenue

$45M

-2.9% YoY

Net Income

-$76M

EPS (Diluted)

-$318,670.79

Free Cash Flow

-$21M

Revenue / Share

$0.60

Gross Margin

52.3%

Operating Margin

-131.8%

Net Margin

-168.3%

FCF Margin

-45.4%

P/S

2.3x

P/E

—

Earnings Reports

Q2 2026

Nov 14, 2025

$14M+15.2%EPS -$0.03

Q1 2026

Aug 13, 2025

$11M+21.7%EPS -$0.05

FY 2025

Jun 26, 2025

$44M-5.2%EPS -$1.04

Q2 2025

Nov 13, 2024

$12M-23.2%EPS -$318,670.00

Q1 2025

Aug 13, 2024

$9M+59.2%EPS -$0.71

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$0	$0	-$10.7K
Q3 22	$0	$0	-$215.9K
Q1 23	$0	$0	-$242.6K
Q4 23	$5M	$4M	-$3M
Q1 24	$6M	$3M	-$4M
Q2 24	$15M	$9M	-$8M
Q3 24	$16M	$9M	-$31M
Q4 24	$10M	$7M	-$35M
Q1 25	$9M	$3M	-$30M
Q2 25	$12M	$7M	-$24M
Q1 26	$11M	$6M	-$3M
Q2 26	$14M	$8M	-$3M

Valuation

Quarter	P/S	P/E
Q1 22	—	—
Q3 22	—	—
Q1 23	—	—
Q4 23	21.0x	—
Q1 24	9.9x	—
Q2 24	4.0x	—
Q3 24	2.5x	—
Q4 24	2.3x	—
Q1 25	2.1x	—
Q2 25	2.3x	—
Q1 26	2.5x	—
Q2 26	2.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$118.8K	-$118.8K
Q4 23	-$807.8K	-$1M
Q1 24	-$853.8K	-$853.8K
Q2 24	-$14M	-$14M
Q3 24	$546.4K	$259.1K
Q4 24	-$846.1K	-$878.5K
Q1 25	-$6M	-$6M
Q2 25	-$6M	-$6M
Q1 26	-$3M	-$3M
Q2 26	-$6M	-$6M

Capital Expenditures

Quarter	CapEx
Q1 23	$3
Q4 23	$515.1K
Q1 24	$3
Q2 24	$136.2K
Q3 24	$287.4K
Q4 24	$32.3K
Q1 25	$0
Q2 25	$0
Q1 26	$274.1K
Q2 26	$81.6K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 24	—	+89051.4%
Q2 24	—	+10558.2%
Q3 24	—	+19259.2%
Q4 24	+99.8%	+436.1%
Q1 25	+59.2%	+314.0%
Q2 25	-23.2%	+53.9%
Q1 26	-30.5%	-71.5%
Q2 26	+36.8%	-62.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$0	—
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$27M	174.2%
Q4 24	$0	0.0%
Q1 25	$26M	293.7%
Q2 25	$21M	174.7%
Q1 26	$71.4K	0.7%
Q2 26	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 22	—	—	—	$10.7K
Q3 22	—	—	—	$215.9K
Q1 23	—	—	—	$242.6K
Q4 23	$890.5K	$3M	$3M	—
Q1 24	$573.3K	$3M	$4M	—
Q2 24	$602.1K	$6M	$10M	—
Q3 24	$2M	$27M	$11M	—
Q4 24	$2M	—	—	$40M
Q1 25	$2M	$26M	$6M	—
Q2 25	$1M	$20M	$8M	—
Q1 26	$81.5K	$3M	$6M	—
Q2 26	$1M	$4M	$6M	—

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 22	—	—	—
Q3 22	—	—	—
Q1 23	—	—	—
Q4 23	—	-60.7%	—
Q1 24	—	-62.8%	—
Q2 24	—	-46.1%	—
Q3 24	—	-189.0%	—
Q4 24	99.8%	-323.0%	-223.2
Q1 25	59.2%	-334.9%	-275.7
Q2 25	-23.2%	-196.6%	-219.9
Q1 26	-30.5%	-27.2%	-57.7
Q2 26	36.8%	-1.2%	35.6

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$935.8K	$0	$935.8K
Q4 22	$913.6K	$0	$913.6K
Q1 23	$472.0K	$0	$472.0K
Q2 23	$267.0K	$0	$267.0K
Q3 23	$1M	$0	$1M
Q4 23	$589.3K	$0	$589.3K
Q1 24	$19M	$0	$19M
Q2 24	$8M	$0	$8M
Q3 24	$9M	$501.8K	$10M
Q4 24	$11M	$507.1K	$12M
Q1 25	$8M	$8M	$16M
Q2 25	$6M	$270.7K	$6M
Q3 25	$6M	$71.3K	$6M
Q4 25	$5M	$197.8K	$5M
Q1 26	$3M	$124.7K	$3M
Q2 26	$5M	$366.5K	$5M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	25M	—	—
Q3 22	25M	0.0%	—
Q1 23	63M	+153.5%	—
Q4 23	63M	0.0%	—
Q1 24	63M	0.0%	+153.5%
Q2 24	66M	+4.0%	+163.5%
Q3 24	68M	+3.8%	+8.0%
Q4 24	56M	-17.8%	-11.3%
Q1 25	68M	+21.7%	+8.0%
Q2 25	68M	0.0%	+3.8%
Q1 26	74M	+8.5%	+8.5%
Q2 26	76M	+1.9%	+34.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	—	—
Q3 22	—	—
Q1 23	—	—
Q4 23	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	—	—
Q1 25	—	—
Q2 25	—	—
Q1 26	$37.0K	294
Q2 26	$46.5K	294

Revenue / Employee