Roadzen (RDZN) Q2 2026 earnings summary

Executive summary

• Revenue for the quarter ended September 30, 2025, increased 15.2% year-over-year to $13.7 million, marking a record quarter and first half revenue of $24.5 million, up 18% year-over-year, driven by IaaS platform growth and China VIE consolidation.

• Net loss attributable to ordinary shareholders was $2.1 million for the quarter, a 90.3% improvement from the prior year; Adjusted EBITDA loss improved for the fifth consecutive quarter to $1.1 million.

• The company completed over $9 million in capital raises at a premium to market, including $7 million for its India subsidiary, and extended its senior secured note maturity to June 2027.

• Entered agreements to acquire a U.S.-based commercial auto insurance broker/MGU, secured EU regulatory validation for DrivebuddyAI, and won a European OEM insurance mandate.

• Management expects continued investment in technology, sales, and marketing to drive growth, with ongoing operating losses and negative cash flows anticipated in the near term.

Financial highlights

• Quarterly revenue rose to $13.7 million from $11.9 million year-over-year; six-month revenue increased 18% to $24.5 million.

• Gross margin for Q2 was 55.7%, slightly down from 56.1% year-over-year.

• Net loss for Q2: $(2.1) million or $(0.03) per share, compared to $(21.8) million or $(0.32) per share year-over-year.

• Adjusted EBITDA loss for Q2: $(1.1) million, improved from $(2.1) million year-over-year.

• Brokerage business sold 116,528 policies in Q2, generating $12.4 million GWP (+23% YoY).

Outlook and guidance

• Management expects continued margin expansion and stronger cash flow in the second half of fiscal 2026, with a clear path to operational cash flow breakeven.

• Anticipates accelerated momentum from new partnerships and contracts in the second half.

• The company is actively pursuing additional capital and financing options to support strategic initiatives.