Roadzen Inc.

RDZN· Nasdaq, Nasdaq· Insurance Agents, Brokers & Service

Market cap
–
P/FCF
–
EV/Sales
–
FCF margin
-38.7%
ROIC, 5 yr avg
–
Revenue, 5 yr CAGR
–
We record prices for the companies we cover; RDZN is not one of them yet.

Company statistics

From the 10-Ks, computed in code · point at a figure for its formula

Profile · FY2026

Market cap
–
Enterprise value
–
Diluted shares
77.5M
Revenue
$55.0M
Free cash flow
-$21.3M
Owner earnings
-$21.8M

Valuation · FY2026

P/E
–
P/FCF
–
P/Owner earnings
–
EV/Sales
–
EV/FCF
–
P/B
–

Margins · FY2026

Gross
–
Operating
-25.4%
Net
-40.9%
Free cash flow
-38.7%
Owner earnings
-39.6%
Stock pay
0.9%

Returns

ROIC, FY2026
–
ROIC, 5 yr avg
–
ROE, FY2026
–
ROE, 5 yr avg
–

Growth (CAGR)

Revenue, 3 yr
59.5%
Revenue, 5 yr
–
Revenue, 4 yr
–
Diluted EPS, 3 yr
–
Diluted EPS, 5 yr
–
Diluted EPS, 4 yr
–
Free cash flow, 3 yr
–
Free cash flow, 5 yr
–
Free cash flow, 4 yr
–

Financial health · FY2026

Cash and investments
$6.6M
Total debt
$33.3M
Net debt
$26.7M
Debt/Equity
–
Debt/FCF
–

Shareholder returns · FY2026

Dividend yield
–
Payout ratio
–
Buyback yield
–
Shareholder yield
–
Share count, 5 yr
–

Financials: ten years from the 10-Ks

Reported numbers open their filing · computed ones show the formula · ˢ split-adjusted

Revenue

$55.0M

+59.5% a year over 4 years

FY2022: Revenue –FY2023: Revenue $13.6MFY2024: Revenue $46.7MFY2025: Revenue $44.3MFY2026: Revenue $55.0M
FY2022FY2026

Margins

Operating-25.4%Net-40.9%

FY2026

FY2022: Operating –, Net –FY2023: Operating -85.0%, Net -103.4%FY2024: Operating -166.2%, Net -213.3%FY2025: Operating -137.3%, Net -164.5%FY2026: Operating -25.4%, Net -40.9%
FY2022FY2026

Free cash flow and owner earnings

Free cash flow-$21.3MOwner earnings-$21.8M

FY2026

FY2022: Free cash flow –, Owner earnings –FY2023: Free cash flow -$8.4M, Owner earnings –FY2024: Free cash flow -$19.7M, Owner earnings -$76.0MFY2025: Free cash flow -$18.6M, Owner earnings -$65.8MFY2026: Free cash flow -$21.3M, Owner earnings -$21.8M
FY2022FY2026

Diluted shares

77.5M

+369.4% over 4 years, net dilution

FY2022: Diluted shares –FY2023: Diluted shares 16.5MFY2024: Diluted shares 44.0MFY2025: Diluted shares 69.9MFY2026: Diluted shares 77.5M
FY2022FY2026

Net debt (below zero)

-$26.7M

$26.7M more debt than cash

FY2022: Net cash –FY2023: Net cash -$7.8MFY2024: Net cash -$8.3MFY2025: Net cash -$18.1MFY2026: Net cash -$26.7M
FY2022FY2026

Every figure, year by year

Fiscal yearFY2022FY2023FY2024FY2025FY2026
The business
Revenue–$13.6M$46.7M$44.3M$55.0M
Revenue growth––244.6%-5.2%24.2%
Gross margin–––––
Operating margin–-85.0%-166.2%-137.3%-25.4%
Net income$983.4K-$14.0M-$99.7M-$72.9M-$22.5M
Net margin–-103.4%-213.3%-164.5%-40.9%
Diluted EPS–$-0.86$-2.26$-1.04$-0.29
Return on invested capital?–––––
Cash
Operating cash flow-$1.2M-$7.5M-$19.2M-$18.1M-$20.3M
Capital expenditure–$842.0K$455.9K$424.9K$1.0M
Free cash flow–-$8.4M-$19.7M-$18.6M-$21.3M
Stock-based compensation––$56.3M$47.2M$497.8K
Owner earnings?––-$76.0M-$65.8M-$21.8M
Free cash flow per share–$-0.51$-0.45$-0.27$-0.27
Capital allocation
Dividends paid–––––
Share repurchases–––––
Diluted shares–16.5M44.0M69.9M77.5M
Share count change?––166.8%58.7%10.9%
Balance sheet
Cash and equivalents$51.0K$589.3K$11.2M$4.8M$6.6M
Short-term investments–––––
Total debt–$8.4M$19.5M$22.9M$33.3M
Net debt–$7.8M$8.3M$18.1M$26.7M
Shareholders' equity-$7.8M-$50.8M-$10.1M-$25.1M-$29.6M

Latest filings

All on EDGAR
2026-08-1310-QQuarterly report
2026-08-138-KEarnings release
2026-07-068-KEarnings release
2026-06-2910-KAnnual report
2026-03-10DEF 14AProxy statement
2026-02-138-KEarnings release
2026-02-1210-QQuarterly report
2025-11-148-KEarnings release
2025-11-1410-QQuarterly report
2025-08-1310-QQuarterly report

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