Roadzen clarifies Q1 results following ‘inaccurate reporting’

Roadzen (RDZN) clarified its fiscal first quarter 2026 results following “inaccurate reporting” by certain media outlets. The company said, “On August 13, 2025, after market close, Roadzen reported record first-quarter revenue of $10.9M, up 22% year-over-year, along with continued sequential improvement in Adjusted EBITDA, which was a full quarter ahead of analyst expectations, and Q1 FY2026 GAAP EPS of $(0.05). These results were largely consistent with expectations from the analysts who actively cover the Company. On August 14, The Motley Fool published an AI-generated article, later syndicated across Nasdaq.com, AOL, and several other widely read platforms, that incorrectly stated analyst revenue expectations for Roadzen’s Q1 were more than $21M, implying the Company had missed estimates by over 50%. These figures were not issued by Roadzen’s covering analysts and had no factual basis. Roadzen reiterates that its reported revenue of $10.9Mm modestly below estimates of $11.4M, and GAAP EPS of $(0.05) were in line with analyst expectations. On August 15, The Motley Fool corrected its article and added an editor’s note acknowledging that incorrect analyst estimates had been used. The Nasdaq version of the article has since been removed.”