Roadzen Inc. posted second‑quarter 2025 revenue of $13.7 million, a 15.2% year‑over‑year increase that reflects robust demand in both its brokerage and IaaS businesses. The brokerage arm generated $12.4 million in gross written premium, while the IaaS platform processed 754,207 claims, roadside assistance calls, and vehicle inspections—up 24% from 607,577 in the same period last year—demonstrating a broad‑based expansion across its core segments.
The company’s net loss fell 90.3% year‑over‑year to $(2.1) million, down from $(21.8) million in Q2 2024. Adjusted EBITDA improved to $(1.1) million from $(2.1) million, marking the fifth consecutive quarter of improvement. The sharp loss reduction is largely attributable to disciplined cost control and the scaling of its AI‑driven platform, which has lowered per‑claim processing costs and increased pricing power in high‑margin brokerage contracts.
Liquidity was strengthened by a $11.5 million equity raise that included a $2.25 million private placement, a $2.25 million registered direct offering, and $4.5 million raised through its India subsidiary. In addition, an agreement in principle extended the maturity of the company’s $11.5 million senior secured notes with Mizuho from December 31 2025 to June 30 2027, providing a longer runway for growth initiatives.
Roadzen’s platform now processes more than 2.5 million claims and inspections annually and leverages 3.5 billion kilometers of driving data to power its DrivebuddyAI safety engine. The data scale gives the company a competitive edge in developing precision AI models for mobility and insurance, and it underpins the firm’s strategy to capture additional market share in the U.S., U.K., and India.
CEO Rohan Malhotra highlighted the company’s “unmatched data depth” and emphasized that the equity raise and debt extension position Roadzen for a path to cash‑flow breakeven. CFO Jean‑Noël Gallardo noted disciplined cost management and expressed confidence that the company will achieve adjusted EBITDA breakeven by Q4 2025, while continuing to invest in high‑return verticals.
Management reiterated that the first half of 2025 saw an 18.0% increase in revenue to $24.5 million, and it expects the momentum to continue as it expands its AI platform and deepens its presence in key geographies. The company’s guidance reflects confidence in sustained demand and the ability to translate scale into profitability.
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