Roadzen Inc · Q4 2024 earnings

Briefing

Reported record revenue growth in its first fiscal year as a public company.

Roadzen reported a full year revenue of $46.7 million, a 245% increase from the prior year. The net loss was $99.7 million, impacted by non-cash, non-recurring, and extraordinary items, resulting in an Adjusted EBITDA loss of $10.4 million, a 5.1% increase over last year.

• Full year revenue reached $46.7 million, a 245% increase year-over-year.
• Brokerage solutions accounted for 65% of revenue, increasing by $21.3 million, or 232% over the prior year.
• IaaS revenue accounted for the remaining 35% of revenue, increasing by $11.8 million, or 270% over the prior year.
• Gross margin showed improvement, increasing to 61.2% from 60.1% in the prior year.

Headline financials

Revenue & EPS history

Roadzen anticipates continued momentum and establishing itself as a leader in vertical AI for auto insurance within the public markets, leveraging the strong foundation built over the past year.