NEW YORK, Nov. 14, 2025 — Leads & Copy — Roadzen Inc. (Nasdaq: RDZN), a global AI leader in insurance and mobility, has announced its Q2 financial results, revealing a 25.9% quarter-over-quarter and 15.2% year-over-year revenue increase, reaching $13.7 million. The company’s six-month revenue climbed 18.0% to $24.5 million, marking a record first half and the best quarter in the last 12 months.
Roadzen’s Q2 net loss sharply decreased to $(2.1) million, a 90.3% improvement from last year’s $(21.8) million, with adjusted EBITDA loss improving to $(1.1) million, a 48.6% year-over-year improvement. The company also strengthened its balance sheet through premium capital raises, securing over $9 million in additional capital during the quarter.
In November, Roadzen reached an agreement in principle with Mizuho to extend its $11.5 million senior debt facility from December 31, 2025, to June 30, 2027. DrivebuddyAI achieved EU regulatory validation and surpassed 3.5 billion kilometers of real-world driving data. Roadzen also secured a major European OEM insurance mandate and signed a definitive agreement to acquire a majority interest in a U.S. commercial auto Managing General Underwriter.
Rohan Malhotra, CEO and founder of Roadzen, noted the company raised over $11.5 million in the last four months with minimal shareholder dilution. He also stated key partnerships and contracts are set to come in, positioning Roadzen for accelerated momentum in the second half.
According to Malhotra, DrivebuddyAI has been strengthened with over 3.5 billion kilometers of driving data, and Roadzen processes more than 2.5 million claims and inspections annually.
Jean-Noël Gallardo, CFO of Roadzen Inc., stated the agreement with Mizuho to extend the debt facility enhances financial flexibility and removes a significant short-term liability. Gallardo also expressed confidence that AI-driven efficiencies and expense optimization will drive continued margin expansion and stronger cash flow in the second half of fiscal 2026.
Second quarter revenue totaled $13.7 million, a 15.2% increase over the prior year. Revenue for the six months ended September 30, 2025, reached $24.5 million, up 18.0% from the same period last year. As of September 30, 2025, Roadzen had 46 insurance customer agreements and 80 automotive customer agreements, compared to 34 and 74, respectively, as of September 30, 2024.
The company’s brokerage business sold 116,528 policies during the second quarter, generating $12.4 million of Gross Written Premium (“GWP”), compared to 70,618 policies and $10.1 million of GWP in the same quarter last year. In the IaaS business, 754,207 claims, roadside assistance, and vehicle inspections were conducted, compared to 607,577 in the prior year. Gross margin for the quarter was 55.7%, slightly down from 56.1% in the same quarter last year.
Net loss for the second quarter was $(2.1) million or $(0.03) per share, compared to $(21.8) million or $(0.32) per share last year. Fiscal year-to-date, net loss totaled $(6.1) million or $(0.08) per share, compared to $(70.2) million or $(1.03) per share in the same period last year. Adjusted EBITDA loss for the quarter was $(1.1) million, compared to $(2.1) million last year.
During the second quarter, Roadzen secured $9 million in additional capital through transactions, each at a premium to market. These included a $2.25 million private placement, a $2.25 million registered direct offering, and $4.5 million raised through the first tranche of its India subsidiary financing, which valued the subsidiary at $91 million post-money, implying approximately a $2 per share for Roadzen’s Nasdaq-listed shares.
Roadzen announced a partnership with a top global two-wheeler OEM to launch real-time connected roadside assistance for electric and connected vehicles across India. DrivebuddyAI achieved official validation for its Driver Monitoring System (“DMS”) for compliance with the European Union General Safety Regulation (EU GSR 2144). The dataset surpassed 3.5 billion kilometers of real-world driving data and secured five-year contracts with six leading small and medium-sized trucking fleets in India.
Roadzen was awarded a mandate to serve as a Managing General Agent for one of the world’s top five auto manufacturers to manage its insurance program in a major European market and signed a definitive agreement to acquire majority control of a U.S.-based commercial auto insurance broker and Managing General Underwriter operating in California, Texas, Illinois, and New Jersey, with Lloyd’s of London Coverholder status.
Post-closing, the acquisition is projected to generate $30 million+ in annual premiums and $8 million in revenues with a 25% net margin in the first year, and scale to $150 million GWP with 25%+ net margins within three years, establishing the U.S. as Roadzen’s second-largest market.
Roadzen Inc. (Nasdaq: RDZN) builds technology that helps insurers, automakers, and fleets better predict and prevent risk, automate claims, and deliver seamless, embedded insurance experiences. Headquartered in Burlingame, California, Roadzen employs more than 300 people across offices in the U.S., U.K., and India.
Investor Contacts: IR@roadzen.ai
Media Contacts: Sanya Soni sanya@roadzen.ai or media@roadzen.ai
Source: Roadzen Inc.
