Roadzen Inc
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Roadzen Inc AI Insights
Informational only. Not investment advice.Snapshot
- Negative equity of -26.9M with current liabilities (61.3M) exceeding total assets (41.5M) - balance sheet in distress.[Common Stockholders Equity]
- Gross margin 61% TTM vs industry median 51% shows strong unit economics, but -26.5% operating margin signals severe cost structure issues.[Gross Margin TTM]
- FCF of -16.7M TTM with only 5M cash remaining - runway under 4 months without capital raise.[Free Cash Flow TTM]
Watch Triggers
- Cash and Equivalents: Falls below 3M or capital raise announced — Sub-3M cash with 4M/quarter burn rate triggers going concern risk
- Current Debt: Refinancing or default on 23M due — Debt restructuring terms will determine equity value
- Operating Margin TTM: Improves to -15% or better — Path to profitability requires halving operating losses
Bull Case
61% gross margin demonstrates viable core business if scale achieved - 2.3x revenue growth could flip operating leverage.
Asset turnover 1.36x vs industry median 0.27x shows capital efficiency - needs only cost discipline to reach profitability.
Bear Case
Negative equity (-26.9M) and 23M current debt with 5M cash creates imminent dilution or bankruptcy risk.
5M asset impairment charge TTM signals potential goodwill/intangible writedowns ahead on 4.9M remaining.
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
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Forward Thesis
Capital raise required within 6 months or operational restructuring forced
- Cash burn of 16.7M/year vs 5M cash
- Current debt of 23M due near-term
- Negative working capital of -27.2M
Valuation Context
Caveats
RDZN Fundamentals
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$137.88M | — | ||
$162.66M | — | ||
0.00 | — | ||
$50.3M | — | ||
$-0.18 | — | ||
0% | — | ||
0% | — | ||
$-21.38M | — | ||
0% | — | ||
Beta 5Y (Monthly) | unknown | — |
RDZN Dividend History
RDZN Stock Splits
RDZN SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
02/12/26 | 12/31/25 | 10-Q | |
11/14/25 | 09/30/25 | 10-Q | |
08/13/25 | 06/30/25 | 10-Q | |
06/26/25 | 03/31/25 | Unknown | |
02/12/25 | 12/31/24 | 10-Q | |
11/13/24 | 09/30/24 | 10-Q | |
08/13/24 | 06/30/24 | 10-Q | |
07/01/24 | 03/31/24 | 10-K | |
02/12/24 | 12/31/23 | 10-Q | |
11/13/23 | 09/30/23 | 10-Q | |
08/13/24 | 06/30/23 | 10-Q | |
08/14/23 | 03/31/23 | 424B3 | |
05/10/23 | 12/31/22 | S-4/A | |
11/13/23 | 09/30/22 | 10-Q | |
05/10/23 | 03/31/22 | S-4/A |