Roadzen, Inc. Warrants (RDZNW) Financials
Newest figures come from the 10-Q for Q1 FY2027, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RDZNW SEC filings page.
Roadzen, Inc. Warrants (RDZNW) reported $55.0M in revenue for fiscal year 2026, up 24.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Overhead reduction sharply narrowed losses, but external financing still carries a cash-intensive operating model.
In FY2026, operating margin improved to-25.4% while SG&A fell to$16.0M , indicating the turnaround was primarily an overhead reset rather than a gross-profit breakthrough. That accounting improvement did not translate into self-funded operations: operating cash flow was-$20.3M versus free cash flow of-$21.3M , so operations still required outside cash support.
Gross margin was
Liabilities exceeded assets in FY2026, leaving negative equity and a current ratio of 0.6x; this combines long-term balance-sheet strain with limited near-term coverage. A
Financial Health Signals
Roadzen, Inc. Warrants does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Roadzen, Inc. Warrants passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Roadzen, Inc. Warrants reported a net loss of $22.5M while operations used $20.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Roadzen, Inc. Warrants reported an operating loss of $14.0M against $7.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Roadzen, Inc. Warrants generated $16.2M in revenue in Q1 2027. This represents an increase of 49.0% from the same quarter a year earlier. Against the prior quarter it is up 0.5%.
Roadzen, Inc. Warrants's EBITDA was -$813K in Q1 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 66.0% from the same quarter a year earlier. Against the prior quarter it is up 82.8%.
Roadzen, Inc. Warrants reported -$9.8M in net income in Q1 2027. This represents a decrease of 144.5% from the same quarter a year earlier. Against the prior quarter it is down 35.0%.
Roadzen, Inc. Warrants earned -$0.12 per diluted share (EPS) in Q1 2027. This represents a decrease of 140.0% from the same quarter a year earlier. Against the prior quarter it is down 33.3%.
Cash & Balance Sheet
Roadzen, Inc. Warrants recorded an outflow of $5.9M in free cash flow in Q1 2027, representing a cash shortfall after capex. This represents a decrease of 85.8% from the same quarter a year earlier.
Roadzen, Inc. Warrants held $6.0M in cash against $13.7M in long-term debt as of Q1 2027.
Not reported for Q1 2027.
Margins & Returns
Roadzen, Inc. Warrants's gross margin was 57.3% in Q1 2027, indicating the percentage of revenue retained after direct costs. This is down 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.4 percentage points.
Roadzen, Inc. Warrants's operating margin was -9.5% in Q1 2027, reflecting core business profitability. This is up 13.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 26.3 percentage points.
Roadzen, Inc. Warrants's net profit margin was -60.5% in Q1 2027, showing the share of revenue converted to profit. This is down 23.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 15.5 percentage points.
Not reported for Q1 2027.
Capital Allocation
Roadzen, Inc. Warrants invested $419K in research and development in Q1 2027. This represents an increase of 414.0% from the same quarter a year earlier. Against the prior quarter it is up 262.4%.
Roadzen, Inc. Warrants invested $464K in capex in Q1 2027, funding long-term assets and infrastructure. This represents an increase of 69.5% from the same quarter a year earlier.
Not reported for Q1 2027.
RDZNW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $16.2M+49.0% | $16.1M+41.4% | $14.4M+18.8% | $13.7M+15.2% | $10.9M+21.7% | $11.4M+14.0% | $12.1M-22.7% | $11.9M-23.2% |
| Cost of Revenue | $6.9M+54.9% | $5.5M+41.5% | $5.2M+21.9% | $6.1M+16.1% | $4.5M-17.7% | $3.9M+47.1% | $4.3M-37.3% | $5.2M-17.9% |
| Gross Profit | $9.3M+44.9% | $10.6M+41.3% | $9.1M+17.1% | $7.6M+14.5% | $6.4M+82.5% | $7.5M+2.0% | $7.8M-11.5% | $6.7M-26.9% |
| R&D Expenses | $419K+414.0% | -$116K-52.6% | $294K+17.8% | $149K-90.1% | $82K-95.4% | $244K-87.3% | $250K-86.7% | $1.5M+148.6% |
| SG&A Expenses | $2.5M-4.6% | $6.1M+135.7% | $3.5M+27.2% | $3.8M-81.4% | $2.6M-90.0% | $2.6M-91.7% | $2.8M-89.6% | $20.4M+266.3% |
| Operating Income | -$1.5M+38.8% | -$5.8M-55.8% | -$2.4M+25.4% | -$3.3M+85.8% | -$2.5M+91.7% | -$3.7M+89.4% | -$3.2M+89.9% | -$23.5M-212.2% |
| EBITDA | -$813K+66.0% | -$4.7M-77.3% | -$2.1M+28.5% | -$2.6M+88.9% | -$2.4M+92.0% | -$2.7M+92.2% | -$2.9M+90.7% | -$23.3M-227.6% |
| Interest Expense | $2.9M+203.3% | -$3.8M-242.5% | -$3.2M-193.7% | -$1.2M-99.3% | $941K+214.6% | $2.6M+362.8% | -$1.1M-50.0% | -$627K-1.5% |
| Income Tax | -$7K-108.3% | -$47K-167.4% | -$24K-160.6% | $11K+106.0% | $80K-25.0% | $70K0.0% | -$9K+92.8% | -$181K-1757.0% |
| Net Income | -$9.8M-144.5% | -$7.3M-5246.4% | -$9.1M-263.4% | -$2.1M+90.3% | -$4.0M+91.7% | -$136K+99.6% | -$2.5M+91.8% | -$21.8M+29.8% |
| EPS (Basic) | -$0.12-140.0% | -$0.09-550.0% | -$0.12-200.0% | -$0.03+90.6% | -$0.05+93.0% | $0.02+104.5% | -$0.04+91.1% | -$0.32+77.1% |
| EPS (Diluted) | -$0.12-140.0% | -$0.09-550.0% | -$0.12-200.0% | -$0.03+90.6% | -$0.05+93.0% | $0.02+104.5% | -$0.04+91.1% | -$0.32 |
| Diluted Shares (Avg) | 83M+11.3% | N/A | 79M+14.4% | 76M+10.6% | 74M+8.5% | N/A | 69M+0.6% | 68M |
RDZNW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $47.7M+44.8% | $52.7M+61.6% | $44.9M+40.2% | $41.5M+42.6% | $33.0M-3.5% | $32.6M-44.0% | $32.0M-52.0% | $29.1M-55.6% |
| Current Assets | $26.5M-2.2% | $32.3M+19.7% | $34.2M+31.4% | $34.1M+48.2% | $27.1M+1.3% | $27.0M-45.9% | $26.0M-50.9% | $23.0M-55.2% |
| Cash & Equivalents | $6.0M+92.1% | $6.6M+36.0% | $5.1M-11.5% | $5.0M-17.0% | $3.1M-59.8% | $4.8M-56.8% | $5.8M-38.2% | $6.0M-26.1% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $189K+90.2% | $117K-42.5% | $177K+54.3% | $214K+133.7% | $99K+28.2% | $203K+186.6% | $115K+290.4% | $92K-31.0% |
| Accounts Receivable | $6.9M+169.5% | $7.5M+185.7% | $3.7M+29.3% | $2.6M-17.9% | $2.6M-3.5% | $2.6M-28.1% | $2.9M-59.8% | $3.2M-62.9% |
| Long-Term Investments | $0-100.0% | $0-100.0% | $269K-82.2% | $269K-82.3% | $269K-82.2% | $269K-82.2% | $1.5M-69.1% | $1.5M-69.1% |
| Goodwill | $7.6M+269.7% | $7.6M+269.5% | $4.1M+102.7% | $2.3M+9.7% | $2.1M0.0% | $2.1M0.0% | $2.0M-4.8% | $2.1M-9.0% |
| Total Liabilities | $78.4M+26.9% | $79.2M+35.9% | $69.0M+10.4% | $62.4M-1.6% | $61.8M-8.0% | $58.3M-15.1% | $62.5M-8.1% | $63.4M0.0% |
| Current Liabilities | $59.0M-2.7% | $58.3M+2.4% | $63.2M+3.0% | $61.3M+0.5% | $60.6M-5.9% | $56.9M-13.3% | $61.4M-7.3% | $61.0M-1.6% |
| Non-Current Liabilities | $19.4M+1596.4% | $20.9M+1463.7% | $5.8M+417.2% | $1.1M-53.8% | $1.1M-58.8% | $1.3M-55.3% | $1.1M-37.4% | $2.4M+65.1% |
| Long-Term Debt | $13.7M+9017.3% | $15.6M+11069.5% | $4.8M+4039.4% | $4.8M+264.2% | $150K-89.0% | $140K-90.5% | $117K-80.7% | $1.3M+468.0% |
| Total Equity | -$33.8M-20.4% | -$29.6M-18.2% | -$26.6M+9.0% | -$28.0M+15.3% | -$28.1M+13.7% | -$25.1M-148.9% | -$29.2M-2918.5% | -$33.1M-1402.4% |
| Retained Earnings | -$256.0M-12.4% | -$246.2M-10.0% | -$239.0M-6.8% | -$229.9M-3.9% | -$227.8M-14.3% | -$223.8M-48.2% | -$223.7M-91.2% | -$221.2M-155.7% |
RDZNW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$5.5M-87.3% | -$3.8M-2.4% | -$7.5M-135.0% | -$6.1M-8.8% | -$2.9M+48.4% | -$3.7M+20.0% | -$3.2M-682.0% | -$5.6M+54.2% |
| Depreciation & Amortization | $730K+483.6% | $1.1M+1.0% | $312K+3.9% | $750K+288.0% | $125K-74.0% | $1.0M+9.8% | $300K-33.6% | $193K-53.2% |
| Stock-Based Compensation | $75K+5.6% | N/A | N/A | N/A | $71K-99.7% | N/A | N/A | N/A |
| Capital Expenditures | $464K+69.5% | N/A | N/A | N/A | $274K | N/A | N/A | N/A |
| Free Cash Flow | -$5.9M-85.8% | N/A | N/A | N/A | -$3.2M | N/A | N/A | N/A |
| Investing Cash Flow | -$1.4M-592.2% | -$184K+88.0% | -$329K-274.3% | -$183K-2830.8% | -$201K-116.4% | -$1.5M-4652.8% | $189K+123.9% | $7K+100.2% |
| Financing Cash Flow | $6.3M+337.4% | $5.5M+21.4% | $7.4M+168.2% | $7.1M+107.0% | $1.4M+39.1% | $4.5M-33.3% | $2.8M+169.6% | $3.4M-34.0% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
RDZNW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 57.3%-1.6pp | 65.6%0.0pp | 63.7%-0.9pp | 55.7%-0.3pp | 58.9%+19.6pp | 65.7%-7.7pp | 64.6%+8.2pp | 56.1%-2.8pp |
| Operating Margin | -9.5%+13.7pp | -35.8%-3.3pp | -16.5%+9.8pp | -24.4% | -23.2% | -32.5% | -26.2% | -198.3% |
| Net Margin | -60.5%-23.6pp | -45.0%-43.8pp | -63.7%-42.9pp | -15.4% | -36.9% | -1.2% | -20.8% | -183.7% |
| Return on Assets | -20.5%-8.4pp | -13.8%-13.4pp | -20.4%-12.5pp | -5.1%+69.8pp | -12.2%+129.6pp | -0.4%+58.0pp | -7.9%+38.0pp | -74.9%-27.5pp |
| Current Ratio | 0.450.0x | 0.55+0.1x | 0.54+0.1x | 0.56+0.2x | 0.450.0x | 0.47-0.3x | 0.42-0.4x | 0.38-0.5x |
| Asset Turnover | 0.340.0x | 0.310.0x | 0.32-0.1x | 0.33-0.1x | 0.33+0.1x | 0.35+0.2x | 0.38+0.1x | 0.41+0.2x |
| FCF Margin | -36.7%-7.3pp | N/A | N/A | N/A | -29.4% | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Note: Shareholder equity is negative (-$29.6M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.55), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Roadzen, Inc. Warrants Ranks
Frequently Asked Questions
What is Roadzen, Inc. Warrants's annual revenue?
Roadzen, Inc. Warrants (RDZNW) reported $55.0M in total revenue for fiscal year 2026. This represents a 24.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Roadzen, Inc. Warrants's revenue growing?
Roadzen, Inc. Warrants (RDZNW) revenue grew by 24.2% year-over-year, from $44.3M to $55.0M in fiscal year 2026.
Is Roadzen, Inc. Warrants profitable?
No, Roadzen, Inc. Warrants (RDZNW) reported a net income of -$22.5M in fiscal year 2026, with a net profit margin of -40.9%.
What is Roadzen, Inc. Warrants's EBITDA?
Roadzen, Inc. Warrants (RDZNW) had EBITDA of -$11.8M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Roadzen, Inc. Warrants have?
As of fiscal year 2026, Roadzen, Inc. Warrants (RDZNW) had $6.6M in cash and equivalents against $15.6M in long-term debt.
What is Roadzen, Inc. Warrants's gross margin?
Roadzen, Inc. Warrants (RDZNW) had a gross margin of 61.3% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Roadzen, Inc. Warrants's operating margin?
Roadzen, Inc. Warrants (RDZNW) had an operating margin of -25.4% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Roadzen, Inc. Warrants's net profit margin?
Roadzen, Inc. Warrants (RDZNW) had a net profit margin of -40.9% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Roadzen, Inc. Warrants's free cash flow?
Roadzen, Inc. Warrants (RDZNW) recorded an outflow of $21.3M in free cash flow during fiscal year 2026. This represents a -14.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Roadzen, Inc. Warrants's operating cash flow?
Roadzen, Inc. Warrants (RDZNW) recorded an outflow of $20.3M in operating cash flow during fiscal year 2026, representing cash used by core business activities.
What are Roadzen, Inc. Warrants's total assets?
Roadzen, Inc. Warrants (RDZNW) had $52.7M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Roadzen, Inc. Warrants's capital expenditures?
Roadzen, Inc. Warrants (RDZNW) invested $1.0M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Roadzen, Inc. Warrants spend on research and development?
Roadzen, Inc. Warrants (RDZNW) invested $408K in research and development during fiscal year 2026.
What is Roadzen, Inc. Warrants's current ratio?
Roadzen, Inc. Warrants (RDZNW) had a current ratio of 0.55 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.
What is Roadzen, Inc. Warrants's return on assets (ROA)?
Roadzen, Inc. Warrants (RDZNW) had a return on assets of -42.8% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
How does Roadzen, Inc. Warrants's liquidity compare with its operating cash outflow?
At the end of fiscal year 2026, Roadzen, Inc. Warrants (RDZNW) held $6.6M in cash, cash equivalents and investments, and reported an operating cash outflow of $20.3M over that year. Dividing the one by the other, the reported balance equals about 4 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is Roadzen, Inc. Warrants's debt-to-equity ratio negative or not reported?
Roadzen, Inc. Warrants (RDZNW) has negative shareholder equity of -$29.6M as of fiscal year 2026, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Roadzen, Inc. Warrants's Piotroski F-Score?
Roadzen, Inc. Warrants (RDZNW) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Roadzen, Inc. Warrants's earnings high quality?
Roadzen, Inc. Warrants (RDZNW) reported a net loss of $22.5M while operations used $20.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Roadzen, Inc. Warrants cover its interest payments?
Roadzen, Inc. Warrants (RDZNW) reported an operating loss of $14.0M against $7.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.