Roadzen Inc (RDZN) AI Stock Analysis

• Market Cap: $116.31M
• Dividend Yield: N/A
• Average Volume (3M): 459.74K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.27
• Revenue Growth: 3.42%
• EPS Growth: 93.90%
• Country: US
• Employees: 368
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -0.03
• Shares Outstanding: 76,021,750
• 10 Day Avg. Volume: 830,996
• 30 Day Avg. Volume: 459,739
• PEG Ratio: >-0.01
• Price to Book (P/B): -28.41
• Price to Sales (P/S): 6.13
• P/FCF Ratio: -18.02
• Enterprise Value/Market Cap: 0.73
• Enterprise Value/Revenue: 1.83
• Enterprise Value/Gross Profit: 3.01
• Enterprise Value/Ebitda: <0.01
• 1Y Price Target: $5.00
• Price Target Upside: 226.80% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: $1.50 ▼(-1.96% Downside)

Roadzen Inc.'s stock score is primarily impacted by its financial performance challenges, including negative equity and liquidity issues. While technical indicators show positive momentum, the negative P/E ratio and lack of dividend yield weigh on its valuation.

Positive Factors

Revenue Growth

The company demonstrated a year-over-year revenue increase, indicating strong market demand and successful business strategies that could support long-term growth.

Data Scale and AI Leadership

The extensive data scale enhances Roadzen's AI capabilities, providing a competitive edge in mobility and insurance sectors, supporting sustained innovation and market leadership.

Financial Flexibility

Extending the maturity of secured notes improves financial flexibility, allowing Roadzen to focus on growth initiatives without immediate debt pressures, enhancing long-term stability.

Negative Factors

Negative Equity

Negative equity indicates financial instability, posing risks to creditors and investors, and may hinder the company's ability to secure future financing.

Cash Flow Challenges

Negative cash flows highlight liquidity issues, potentially limiting operational flexibility and the ability to invest in growth opportunities, affecting long-term viability.

Profitability Concerns

Persistent profitability issues suggest operational inefficiencies or high costs, which could impede the company's ability to achieve sustainable growth and financial health.

Roadzen Inc Business Overview & Revenue Model

Company Description

RoadZen, 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.

How the Company Makes Money

Roadzen generates revenue through multiple streams, primarily by offering subscription-based services for its telematics and fleet management platforms. These services provide real-time data and analytics to businesses, allowing them to monitor vehicle performance and driver behavior, thus improving safety and reducing operational costs. Additionally, the company earns revenue from partnerships with insurance providers, offering data-driven insights that enable personalized insurance products and risk assessments. Roadzen also explores opportunities in mobility as a service (MaaS) and collaborates with automotive manufacturers to integrate its technology into vehicles, further expanding its market reach and potential earnings.

Roadzen Inc Financial Statement Overview

Summary

Roadzen Inc. is experiencing rapid revenue growth but is struggling with profitability and financial stability. The negative equity and high leverage pose significant risks, while cash flow issues highlight liquidity concerns. The company needs to focus on improving operational efficiency and financial health to sustain growth.

Income Statement

Roadzen Inc. shows a significant revenue growth in the TTM period, but profitability remains a concern with negative net profit, EBIT, and EBITDA margins. The company is struggling to turn revenue into profit, indicating operational inefficiencies or high costs.

Balance Sheet

The balance sheet reveals a negative stockholders' equity, indicating financial instability. The debt-to-equity ratio is negative, suggesting that liabilities exceed equity, which is a potential risk for creditors and investors. The return on equity is positive but misleading due to negative equity.

Cash Flow

Cash flow analysis shows negative operating and free cash flows, though there is a positive free cash flow to net income ratio. The company is generating cash relative to its net losses, but overall cash flow health is weak, indicating liquidity challenges.

Breakdown	TTM	Dec 2024	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	46.23M	46.72M	44.30M	13.56M	9.99M	1.16M
Gross Profit	28.16M	28.59M	25.46M	8.15M	5.18M	-195.16K
EBITDA	1.25T	-95.41M	-67.81M	-11.84M	-4.87M	-2.64M
Net Income	-28.47M	-99.67M	-72.87M	-14.02M	-9.74M	-15.64M
Balance Sheet
Total Assets	41.55M	58.14M	32.58M	15.18M	15.87M	17.09M
Cash, Cash Equivalents and Short-Term Investments	5.34M	11.69M	5.03M	589.34K	913.64K	4.63M
Total Debt	24.05M	20.08M	23.86M	8.95M	23.72M	21.48M
Total Liabilities	62.40M	68.64M	58.27M	66.26M	52.83M	44.20M
Stockholders Equity	-26.94M	-10.07M	-25.07M	-50.85M	-36.88M	-27.10M
Cash Flow
Free Cash Flow	-16.67M	-15.88M	-18.57M	-8.39M	-50.07K	-5.10M
Operating Cash Flow	-15.89M	-15.43M	-18.14M	-7.55M	-50.07K	-4.71M
Investing Cash Flow	-1.73M	-6.71M	-115.62K	-841.36K	-204.10M	-2.80M
Financing Cash Flow	15.81M	21.57M	11.74M	8.36M	205.09M	-24.19K

Roadzen Inc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.53
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RDZN, the sentiment is Positive. The current price of 1.53 is above the 20-day moving average (MA) of 1.48, above the 50-day MA of 1.26, and above the 200-day MA of 1.10, indicating a bullish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 58.32 is Neutral, neither overbought nor oversold. The STOCH value of 51.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RDZN.

Roadzen Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NTWK	62 Neutral	$35.51M	73.96	1.40%	―	7.70%	-36.01%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
RDZN	51 Neutral	$116.31M	-3.72	―	―	3.42%	93.90%
UPLD	47 Neutral	$54.95M	-1.08	―	―	-15.54%	61.46%
SURG	47 Neutral	$40.40M	-0.91	-313.72%	―	-39.75%	-89.61%
YXT	45 Neutral	$61.58M	20.02	―	―	―	―
PHUN	37 Underperform	$44.21M	―	-18.69%	―	―	―

Roadzen Inc Corporate Events

Roadzen, Inc. Faces Financial Uncertainty: Risks from Unaudited Reports and China Joint Venture

The unaudited financial information of Roadzen, Inc. Class A’s newly consolidated entity poses a significant risk due to the complexity of accounting policies and estimates involved in consolidation. The lack of an independent audit heightens the chance of material errors or misstatements, potentially undermining investor confidence and necessitating future restatements. Additionally, the joint venture in China introduces geopolitical, regulatory, and economic risks, with the potential for trade tensions and regulatory changes to disrupt operations. These challenges, coupled with difficulties in obtaining reliable financial information, could lead to impairments or write-offs, adversely impacting the company’s financial condition and investor trust.

Roadzen Inc. Shows Strong Q2 Growth and Strategic Expansion

Roadzen Inc., a global leader in AI at the convergence of insurance and mobility, builds technology that helps insurers, automakers, and fleets predict and prevent risk, automate claims, and deliver seamless insurance experiences.

Roadzen Inc Extends Note Maturity with Mizuho Securities

On November 4, 2025, Roadzen Inc. announced an agreement in principle with Mizuho Securities USA LLC to extend the maturity date of its $11.5 million senior secured notes by 18 months to June 30, 2027. This extension, pending definitive agreements and customary conditions, enhances Roadzen’s financial flexibility and strengthens its capital structure. This development follows several strategic milestones, including the validation of its DrivebuddyAI system under Indian and E.U. safety standards, a significant acquisition in the U.S. market, a partnership with Vodafone Automotive, and securing a mandate with a top global automaker. These achievements underscore Roadzen’s growing influence in the AI-driven insurance and mobility sectors.

The most recent analyst rating on (RDZN) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Roadzen Inc stock, see the RDZN Stock Forecast page.

Roadzen Inc Expands U.S. Presence with Major Acquisition

On October 29, 2025, Roadzen Inc. announced its agreement to acquire majority control of a commercial auto insurance broker, a move that is expected to expand its U.S. footprint significantly. This acquisition, which is non-dilutive for shareholders, is projected to generate over $30 million in annual premiums, with $8 million in annual revenues and a 25% net income margin. The acquisition will enhance Roadzen’s distribution capabilities, add new carrier relationships, and bring in a leadership team with deep expertise in commercial-auto underwriting. The integration with DrivebuddyAI and National Auto Club is expected to create a robust platform in the U.S. commercial auto sector, driving growth to approximately $150 million in Gross Written Premiums within three years.

The most recent analyst rating on (RDZN) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Roadzen Inc stock, see the RDZN Stock Forecast page.

Roadzen Inc. Achieves Record Revenue Growth in Q1 2026

Roadzen Inc. is a global technology company specializing in transforming auto insurance through advanced artificial intelligence, serving a diverse client base including insurers, carmakers, and fleets. In its latest earnings report, Roadzen announced a record-breaking fiscal first quarter of 2026, with a 22% increase in revenue to $10.9 million, marking the strongest first quarter in the company’s history. This growth was driven by expansion in the U.S. and India, alongside renewed business opportunities in the U.K.