Roadzen, Inc. (RDZN) 10-Year Financial Performance & Capital Metrics

RDZN • • Industrial / General

TechnologyApplication SoftwareArtificial Intelligence & AnalyticsAI Analytics Platforms

AboutRoadZen, 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 claims processing, and better risk underwriting services. It also offers services in the areas of towing and removal, battery jumpstart, flat tire support, locked out/lost keys, fuel problems, and roadside assistance. The company was incorporated in 2015 and is based in New Delhi, India.Show more

Revenue $44M -5.2%
EBITDA -$59M +22.1%
Net Income -$73M +26.9%
EPS (Diluted) -1.04 +54.0%
Gross Margin 57.48% -6.1%
EBITDA Margin -132.73% +17.8%
Operating Margin -137.29% +17.4%
Net Margin -164.51% +22.9%
ROE -
ROIC -
Debt/Equity -
Interest Coverage -18.72 +44.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 94 (top 6%)
✓Efficient asset utilization: 1.4x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 58.7% in last year

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y64.29%

TTM3.42%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM93.49%

EPS CAGR

10Y-

5Y-

3Y-

TTM100%

ROCE

10Y Avg-132.23%

5Y Avg-132.23%

3Y Avg-266.38%

Latest-

Peer Comparison

AI Analytics Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LYFTLyft, Inc.	7.54B	18.88	342.65	31.39%	2.4%	26.3%	10.16%	1.64
DDOGDatadog, Inc.	39.33B	120.86	236.98	26.12%	3.32%	3.1%	2.13%	0.68
PEGAPegasystems Inc.	9B	53.00	96.36	4.51%	16.05%	46.57%	3.76%	0.94
SAPSAP SE	274.66B	235.84	89.00	9.51%	19.41%	13.94%	1.61%	0.23
TYLTyler Technologies, Inc.	19.2B	446.15	73.74	9.53%	13.72%	8.75%	3.15%	0.19
FICOFair Isaac Corporation	37.49B	1581.19	59.58	15.91%	32.75%		2.05%
DSGXThe Descartes Systems Group Inc.	7.62B	88.57	54.01	13.63%	22.1%	10%	2.79%	0.01
MANHManhattan Associates, Inc.	10.58B	175.57	50.02	12.23%	20.25%	69.86%	2.71%	0.16

Profit & Loss

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	1.16M	9.99M	13.56M	46.72M	44.3M
Revenue Growth %	-	7.58%	0.36%	2.45%	-0.05%
Cost of Goods Sold+	1.36M	4.81M	5.41M	18.13M	18.83M
COGS % of Revenue	1.17%	0.48%	0.4%	0.39%	0.43%
Gross Profit+	-195.16K	5.18M	8.15M	28.59M	25.46M
Gross Margin %	-0.17%	0.52%	0.6%	0.61%	0.57%
Gross Profit Growth %	-	27.56%	0.57%	2.51%	-0.11%
Operating Expenses+	3.59M	11.42M	19.68M	106.25M	86.28M
OpEx % of Revenue	3.09%	1.14%	1.45%	2.27%	1.95%
Selling, General & Admin	1.53M	8.74M	15.38M	99.09M	80.48M
SG&A % of Revenue	1.32%	0.88%	1.13%	2.12%	1.82%
Research & Development	908.59K	1.31M	2.67M	4.97M	3.78M
R&D % of Revenue	0.78%	0.13%	0.2%	0.11%	0.09%
Other Operating Expenses	1.15M	1.37M	1.62M	2.19M	2.02M
Operating Income+	-3.79M	-6.24M	-11.53M	-77.66M	-60.81M
Operating Margin %	-3.25%	-0.62%	-0.85%	-1.66%	-1.37%
Operating Income Growth %	-	-0.65%	-0.85%	-5.73%	0.22%
EBITDA+	-2.64M	-4.87M	-9.91M	-75.47M	-58.79M
EBITDA Margin %	-2.26%	-0.49%	-0.73%	-1.62%	-1.33%
EBITDA Growth %	-	-0.85%	-1.04%	-6.62%	0.22%
D&A (Non-Cash Add-back)	1.15M	1.37M	1.62M	2.19M	2.02M
EBIT	-3.79M	-6.24M	-13.47M	-97.59M	-69.83M
Net Interest Income+	-6.2K	-44.93K	-776.02K	-2.29M	-3.25M
Interest Income	0	0	0	0	0
Interest Expense	6.2K	44.93K	776.02K	2.29M	3.25M
Other Income/Expense	-13.22M	-3.54M	-2.71M	-22.22M	-12.26M
Pretax Income+	-17.01M	-9.78M	-14.24M	-99.88M	-73.08M
Pretax Margin %	-14.61%	-0.98%	-1.05%	-2.14%	-1.65%
Income Tax+	-1.36M	24.96K	-42.27K	-23.65K	-13.97K
Effective Tax Rate %	0.92%	1%	0.98%	1%	1%
Net Income+	-15.64M	-9.74M	-14.02M	-99.67M	-72.87M
Net Margin %	-13.43%	-0.98%	-1.03%	-2.13%	-1.65%
Net Income Growth %	-	0.38%	-0.44%	-6.11%	0.27%
Net Income (Continuing)	-15.66M	-9.81M	-14.2M	-99.86M	-73.06M
Discontinued Operations	0	0	0	0	0
Minority Interest	-11.52K	-73.98K	-237.69K	-426.03K	-616.88K
EPS (Diluted)+	-0.63	-0.15	-0.22	-2.26	-1.04
EPS Growth %	-	0.76%	-0.47%	-9.27%	0.54%
EPS (Basic)	-0.63	-0.15	-0.22	-2.26	-1.04
Diluted Shares Outstanding	25.01M	63.4M	63.4M	44.03M	69.87M
Basic Shares Outstanding	25.01M	63.4M	63.4M	44.03M	69.87M
Dividend Payout Ratio	-	-	-	-	-

Balance Sheet

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	5.64M	4.82M	5.37M	49.84M	26.95M
Cash & Short-Term Investments	4.63M	913.64K	589.34K	11.69M	5.03M
Cash Only	4.63M	913.64K	589.34K	11.19M	4.84M
Short-Term Investments	0	0	0	507.09K	197.81K
Accounts Receivable	696.83K	2.07M	2.53M	5.48M	8.83M
Days Sales Outstanding	218.35	75.59	68.13	42.81	72.74
Inventory	184	55.21K	59.9K	70.67K	202.53K
Days Inventory Outstanding	0.05	4.19	4.04	1.42	3.93
Other Current Assets	0	1.54M	2.04M	28.78M	8.63M
Total Non-Current Assets+	11.45M	11.06M	9.81M	8.29M	5.62M
Property, Plant & Equipment	114.65K	158.99K	778.48K	1.28M	1.71M
Fixed Asset Turnover	10.16x	62.83x	17.42x	36.59x	25.87x
Goodwill	859.59K	1.73M	996.44K	2.06M	2.06M
Intangible Assets	3.35M	3.75M	2.47M	2.99M	1.24M
Long-Term Investments	4.91M	4.91M	4.91M	1.51M	269.47K
Other Non-Current Assets	2.17M	442.28K	577.63K	428.85K	338.04K
Total Assets+	17.09M	15.87M	15.18M	58.14M	32.58M
Asset Turnover	0.07x	0.63x	0.89x	0.80x	1.36x
Asset Growth %	-	-0.07%	-0.04%	2.83%	-0.44%
Total Current Liabilities+	10.37M	5.72M	16.68M	65.65M	56.94M
Accounts Payable	526.32K	1.53M	2.01M	22.8M	17.48M
Days Payables Outstanding	141.26	116.33	135.43	458.86	338.87
Short-Term Debt	14.59K	595.02K	7.73M	17.98M	22.77M
Deferred Revenue (Current)	175.14K	292.03K	160.67K	1000K	980.48K
Other Current Liabilities	9.34M	870.08K	1.5M	6.85M	2.05M
Current Ratio	0.54x	0.84x	0.32x	0.76x	0.47x
Quick Ratio	0.54x	0.83x	0.32x	0.76x	0.47x
Cash Conversion Cycle	77.14	-36.54	-63.26	-414.63	-262.21
Total Non-Current Liabilities+	33.83M	47.11M	49.58M	2.98M	1.33M
Long-Term Debt	21.46M	23.13M	653.27K	1.47M	139.78K
Capital Lease Obligations	0	0	360.31K	268.86K	628.4K
Deferred Tax Liabilities	43.82K	117.73K	0	263.67K	41.69K
Other Non-Current Liabilities	12.32M	23.87M	48.57M	250.4K	269.77K
Total Liabilities	44.2M	52.83M	66.26M	68.64M	58.27M
Total Debt+	21.48M	23.72M	8.95M	20.08M	23.86M
Net Debt	16.85M	22.81M	8.36M	8.9M	19.02M
Debt / Equity	-	-	-	-	-
Debt / EBITDA	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-
Interest Coverage	-610.90x	-138.86x	-14.86x	-33.90x	-18.72x
Total Equity+	-27.11M	-36.95M	-51.08M	-10.5M	-25.69M
Equity Growth %	-	-0.36%	-0.38%	0.79%	-1.45%
Book Value per Share	-1.08	-0.58	-0.81	-0.24	-0.37
Total Shareholders' Equity	-27.1M	-36.88M	-50.85M	-10.07M	-25.07M
Common Stock	303.21K	303.21K	303.21K	84.97M	95.5M
Retained Earnings	-27.32M	-37.06M	-51.45M	-151.01M	-223.83M
Treasury Stock	0	0	0	0	0
Accumulated OCI	-83.68K	-124.04K	-66.9K	-600.5K	-468.86K
Minority Interest	-11.52K	-73.98K	-237.69K	-426.03K	-616.88K

Cash Flow

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	-4.71M	-50.07K	-7.55M	-15.43M	-18.14M
Operating CF Margin %	-4.04%	-0.01%	-0.56%	-0.33%	-0.41%
Operating CF Growth %	-	0.99%	-149.72%	-1.04%	-0.18%
Net Income	-15.66M	-9.81M	-14.2M	-99.67M	-73.06M
Depreciation & Amortization	1.15M	1.37M	1.62M	2.19M	2.02M
Stock-Based Compensation	0	0	0	0	47.21M
Deferred Taxes	-24.05K	-37.09K	-131.38K	-86.02K	-193.26K
Other Non-Cash Items	13.26M	7.84M	1.93M	81.54M	8.32M
Working Capital Changes	-3.44M	586.67K	3.23M	598.52K	-2.44M
Change in Receivables	-25.28K	-318.88K	-943.47K	5.87M	780.88K
Change in Inventory	-181	-55.99K	-9.35K	-11.69K	-131.87K
Change in Payables	0	0	0	19.34M	2.83M
Cash from Investing+	-2.8M	-204.1M	-841.36K	-6.71M	-115.62K
Capital Expenditures	-389.82K	-1.08M	-842.04K	-455.92K	-424.91K
CapEx % of Revenue	0.33%	0.11%	0.06%	0.01%	0.01%
Acquisitions	-	-	-	-	-
Investments	-	-	-	-	-
Other Investing	3K	-202.95M	686	0	0
Cash from Financing+	-24.19K	205.09M	8.36M	21.57M	11.74M
Debt Issued (Net)	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-
Dividends Paid	0	0	0	0	0
Share Repurchases	-	-	-	-	-
Other Financing	0	-307.77K	10K	0	0
Net Change in Cash	-	-	-	-	-
Free Cash Flow+	-5.1M	-50.07K	-8.39M	-15.88M	-18.57M
FCF Margin %	-4.38%	-0.01%	-0.62%	-0.34%	-0.42%
FCF Growth %	-	0.99%	-166.54%	-0.89%	-0.17%
FCF per Share	-0.20	-0.00	-0.13	-0.36	-0.27
FCF Conversion (FCF/Net Income)	0.30x	0.01x	0.54x	0.15x	0.25x
Interest Paid	0	16.82K	457.18K	0	1.32M
Taxes Paid	27.28K	65.83K	141.23K	0	0

Key Ratios

Metric	2021	2022	2023	2024	2025
Gross Margin	-16.75%	51.89%	60.08%	61.19%	57.48%
Net Margin	-1342.78%	-97.53%	-103.42%	-213.31%	-164.51%
Interest Coverage	-610.90x	-138.86x	-14.86x	-33.90x	-18.72x
FCF Conversion	0.30x	0.01x	0.54x	0.15x	0.25x
Revenue Growth	-	757.52%	35.76%	244.56%	-5.2%

Frequently Asked Questions

Growth & Financials

Roadzen, Inc. (RDZN) reported $48.0M in revenue for fiscal year 2025. This represents a 4024% increase from $1.2M in 2021.

Roadzen, Inc. (RDZN) saw revenue decline by 5.2% over the past year.

Roadzen, Inc. (RDZN) reported a net loss of $8.8M for fiscal year 2025.

Dividend & Returns

Roadzen, Inc. (RDZN) had negative free cash flow of $16.7M in fiscal year 2025, likely due to heavy capital investments.

← Back to Screener