Roadzen
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Roadzen (RDZN) investor relations material

Roadzen Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary12 Feb, 2026

Executive summary

  • Quarterly revenue for the period ended December 31, 2025, increased 19% year-over-year to $14.4 million, marking the strongest quarter in two years and driven by China VIE consolidation and new clients in India.

  • Net loss attributable to ordinary shareholders was $9.1 million for the quarter, or $0.12 per share, primarily due to $5.2 million in non-cash fair value adjustments.

  • The company operates a capital-light Insurtech model, generating revenue from both Insurance as a Service (IaaS) and brokerage solutions, with IaaS accounting for 56% of quarterly revenue.

  • Strategic acquisitions, including a majority stake in EliteCover Insurance Solutions and consolidation of Daokang (Beijing) Data Science Company, expanded global presence and capabilities.

  • AI platform processes over 3 million insurance claims annually, leveraging billions of driving data points for high-precision underwriting and claims automation.

Financial highlights

  • Quarterly revenue rose to $14.4 million from $12.1 million year-over-year; nine-month revenue increased 18% to $38.9 million.

  • Gross margin for the quarter was approximately 64%, up from 55.7% in Q2; nine-month gross margin improved to 59.5% from 54.6% prior year.

  • Net loss for Q3 was $9.1 million, or $0.12 per share; nine-month net loss was $15.3 million, a significant improvement from $72.7 million in the prior year.

  • Adjusted EBITDA for the quarter was negative $0.59 million, a 67.1% improvement year-over-year.

  • Brokerage business sold 149,810 policies in Q3, generating $17.1 million in Gross Written Premium, up from 77,326 policies and $13.2 million GWP YoY.

Outlook and guidance

  • Management expects continued operating losses and negative cash flows in the near term due to ongoing investments in technology and business expansion.

  • Operations are nearing positive Adjusted EBITDA, with prudent capital management supporting sustainable growth and long-term shareholder value.

  • VehicleCare acquisition expected to add $10 million of high-margin revenue over the next twelve months.

  • The company is actively pursuing additional capital through equity and debt to support growth and liquidity.

What is the going concern mitigation plan progress?
How does China VIE consolidation affect future reporting?
What are the FPA dispute's financial implications?
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Frequently asked questions

Roadzen Inc. is an insurance technology company that specializes in transforming the auto insurance industry through the use of advanced artificial intelligence. The company offers a suite of products and services that facilitate various stages of the insurance lifecycle, including product development, sales, claims processing, and improving road safety. Their solutions cater to a wide range of clients, including insurers, carmakers, fleets, brokers, dealerships, and ridesharing platforms. Roadzen is headquartered in Burlingame, California, and its shares are listed on the NASDAQ.

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