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VAHANNA TECH EDG(VHNA) - 2025 Q3 - Quarterly Results
2025-11-14 13:27
Over $9 million in additional capital was raised at premiums to market during the quarter, including funding at the India subsidiary level implying a $2 per share valuation for Roadzen's Nasdaq share price. Exhibit 99.1 Roadzen Reports $13.7 Million Second Quarter Revenue, a 15.2% Improvement Over Prior Year Quarter, and Fifth Consecutive Quarter of Adjusted EBITDA Improvement. Company continues growth momentum, reduces net loss 90.3% over prior year quarter, and accelerates path to Adjusted EBITDA breakeve ...
VAHANNA TECH EDG(VHNA) - 2025 Q3 - Quarterly Report
2025-11-14 13:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to _________ | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | Ordinary Shares, par v ...
VAHANNA TECH EDG(VHNA) - 2025 Q2 - Quarterly Report
2025-08-13 20:16
Revenue and Business Model - Roadzen's revenue for the three months ended June 30, 2025, was derived 53% from Brokerage Solutions and 47% from the IaaS Platform[222]. - The IaaS Platform accounted for approximately 47% of total revenues, while the Brokerage Solutions accounted for approximately 53%[209][211]. - Revenue for the three months ended June 30, 2025, was $10,865,545, representing a 22% increase compared to $8,931,517 for the same period in 2024[246]. - Commission and Distribution Income increased by $2,645,563, or 86%, compared to the previous year, driven by strategic marketing efforts and network expansion[248]. - Revenue from the Insurance as a Service (IaaS) platform decreased by $711,535, or 12%, primarily due to the pause of the Guaranteed Asset Protection (GAP) product in the U.K.[248]. - Roadzen's business model is capital light, meaning it does not underwrite any risk itself or carry it on its balance sheet[206]. Customer Agreements and Market Presence - As of June 30, 2025, Roadzen had 34 insurance customer agreements, 78 automotive customer agreements, and approximately 3,800 agents and fleet customer agreements[220]. - The company aims to expand into new markets and enhance its technology offerings to capture a greater part of the insurance value chain[221]. - Roadzen's operations are supported by a robust network of over 75,000 service providers nationwide in the U.S. for roadside assistance and claims management[203]. Technology and Innovation - Roadzen's technology enables customers to obtain a policy within seconds and process a claim estimate within minutes, significantly faster than traditional methods[208]. - Roadzen's investment in core technology and AI is crucial for maintaining competitive advantages and supporting growth in global markets[214]. - The company has received multiple industry accolades for its advancements in AI and technology, including 'Best AI in Deep Tech' at the AI Awards Summit 2025[205]. Financial Performance and Expenses - Total costs and expenses decreased significantly to $13,385,894 from $39,325,817 year-over-year, primarily due to a reduction in research and development costs[14]. - Research and development expenses decreased by $1,708,008, or 95%, primarily due to a decline in non-cash compensation expenses associated with RSU grants[251]. - Sales and marketing expenses increased by $329,713, or 6%, primarily due to enhanced marketing efforts[252]. - General and administrative expenses declined by $23,248,291, or 90%, driven by a reduction in non-cash RSU expenses and cost discipline efforts[253]. - Depreciation and amortization decreased by $355,349, or 74%, for the three months ended June 30, 2025, compared to the same period in 2024[254]. - The net loss attributable to ordinary shareholders for the quarter was $4,005,770, a substantial improvement compared to a net loss of $48,407,025 in the prior year[14]. Cash Flow and Financial Position - Net cash used in operating activities decreased by $2.7 million to $(2,921,507) for the three months ended June 30, 2025, compared to $(5,621,361) in the same period last year[266]. - Cash generated from investing activities was $(200,940) for the three months ended June 30, 2025, compared to $1,226,351 in the same period last year[268]. - Cash provided by financing activities was $1.4 million for the three months ended June 30, 2025, primarily from the issuance of ordinary shares[271]. - The accumulated deficit increased to $228.4 million as of June 30, 2025, up from $224.3 million the previous year, primarily due to substantial operating losses[262]. - The company anticipates continued operating losses and negative cash flows, necessitating additional capital resources to support strategic initiatives[262]. Debt and Financing Activities - Total contractual obligations amounted to $58.7 million as of June 30, 2025, including $23.7 million in debt and $1.1 million in operating leases[274]. - The company entered into a Note Purchase Agreement with Mizuho for senior secured notes totaling $7,500,000, bearing an interest rate of 15% per annum, which can increase by 5% upon certain events[278]. - The company has a cash reserve requirement of at least $1 million as part of the covenants in the Note Purchase Agreement[280]. - The December 2023 Convertible Debentures allow the company to issue up to $50 million, with an initial interest rate of 13% per annum, maturing on December 15, 2025[286][287]. - The company raised approximately $2.25 million by issuing 1,803,134 Ordinary Shares at $1.25 per share through PIPE Purchase Agreements[301]. - A Direct Offering of 1,730,769 Ordinary Shares was completed at an offering price of $1.30 per share, generating gross proceeds of approximately $2.25 million[304]. Regulatory and Accounting Standards - The company is classified as an "emerging growth company," allowing it to delay the adoption of certain accounting standards[309]. - The company has not identified any recently issued accounting standards that would materially affect its financial statements[312]. - The Company recognizes revenue from insurance policy distribution and brokerage income at the point services are rendered, net of Goods and Service tax[78]. - The FASB issued ASU 2023-09, which requires additional disclosures related to income tax rate reconciliations and income taxes paid[95].
VAHANNA TECH EDG(VHNA) - 2025 Q2 - Quarterly Results
2025-08-13 20:10
[Executive Summary](index=1&type=section&id=Executive%20Summary) Roadzen achieved record Q1 FY2026 revenue growth, significantly narrowed net loss, and improved Adjusted EBITDA, bolstered by strategic initiatives and successful post-quarter capital raising [Financial Performance Overview](index=1&type=section&id=1.1%20Financial%20Performance%20Overview) Roadzen achieved record revenue growth in Q1 FY2026, significantly narrowed net loss, and continuously improved Adjusted EBITDA, laying a solid foundation for the fiscal year Key Financial Metrics for Q1 FY2026 | Metric | Q1 FY2026 (USD) | Q1 FY2025 (USD) | Y-o-Y Change (USD) | Change Rate (%) | | :------------------ | :----------------- | :----------------- | :--------- | :------- | | Revenue | $10.9 million | $8.9 million | +$2.0 million | +22% | | Net Loss | $(4.0) million | $(48.4) million | +$44.4 million | -92% | | Adjusted EBITDA Loss | $(1.4) million | $(2.8) million | +$1.4 million | -50% | - Adjusted EBITDA loss improved sequentially for the **fourth consecutive quarter**[2](index=2&type=chunk) [Strategic Initiatives & Outlook](index=1&type=section&id=1.2%20Strategic%20Initiatives%20%26%20Outlook) The company aims to achieve Adjusted EBITDA breakeven within the fiscal year, driven by growth in key markets, expanded partnerships, and continuous AI innovation - The goal is to achieve **Adjusted EBITDA breakeven** within the current fiscal year[2](index=2&type=chunk)[6](index=6&type=chunk) - Growth drivers include expansion in India and US markets, recovery of UK operations, regulatory tailwinds for DrivebuddyAI in India, and extended partnerships with major global insurers, automakers, and fleets[1](index=1&type=chunk)[5](index=5&type=chunk) - Strategic focus includes strengthening operations, optimizing the balance sheet, building a robust global customer base, implementing stringent cost management, and targeted capital raising[5](index=5&type=chunk)[6](index=6&type=chunk) [Capital Strengthening](index=1&type=section&id=1.3%20Capital%20Strengthening) Post-Q1, Roadzen raised approximately $4.5 million through two securities purchase transactions priced above market, demonstrating strong investor confidence in the company's trajectory - Approximately **$4.5 million** was raised through two securities purchase transactions after the first quarter[3](index=3&type=chunk) - The first transaction was priced at **$1.25 per share**, a **20% premium** to market price, led by a major shareholder; the second was priced at **$1.30 per share**[3](index=3&type=chunk) - The premium pricing indicates strong investor confidence in the company's growth trajectory[3](index=3&type=chunk) [First Fiscal Quarter 2026 Financial Highlights](index=2&type=section&id=First%20Fiscal%20Quarter%202026%20Financial%20Highlights) Q1 FY2026 saw 22% revenue growth driven by brokerage solutions, a 74% reduction in operating expenses, and a 92% improvement in operating loss, significantly narrowing net loss [Revenue and Key Performance Indicators](index=2&type=section&id=2.1%20Revenue%20and%20Key%20Performance%20Indicators) Q1 FY2026 revenue grew 22% year-over-year, primarily driven by brokerage solutions, while IaaS revenue slightly decreased; customer agreements increased, and gross margin significantly improved Q1 FY2026 Revenue Composition | Category | Q1 FY2026 Revenue (USD) | Percentage of Total Revenue (%) | Y-o-Y Change Rate (%) | | :--------------- | :------------------- | :------------- | :--------- | | Total Revenue | $10.9 million | 100% | +22% | | Brokerage Solutions | Approximately $5.78 million | 53% | +86% | | IaaS Revenue | Approximately $5.12 million | 47% | -12% | Number of Customer Agreements (as of June 30, 2025) | Category | June 30, 2025 | June 30, 2024 | Change | | :----------- | :------------ | :------------ | :----- | | Insurance Clients | 34 | 34 | 0 | | Automotive Clients | 78 | 71 | +7 | | Agent and Fleet Clients | 3,800 | 3,400 | +400 | Key Metrics for Brokerage and IaaS Businesses | Metric | Q1 FY2026 | Q1 FY2025 | Change | | :------------------- | :--------------- | :--------------- | :----- | | Number of Brokerage Policies Sold | 104,675 | 99,695 | +4,980 | | Brokerage Gross Written Premium (GWP) ($) | $13.9 million | $11.5 million | +$2.4 million | | Number of IaaS Claims Processed and Vehicle Inspections | 462,277 | 547,233 | -84,956 | | Gross Margin (%) | 58.9% | 39.2% | +19.7% | [Operating Expenses](index=2&type=section&id=2.2%20Operating%20Expenses) Operating expenses decreased significantly by 74% year-over-year, mainly due to the full recognition of non-cash share-based compensation expenses in the prior fiscal year - Operating expenses (excluding cost of services, depreciation, and amortization) totaled **$8.8 million** for the three months ended June 30, 2025, a decrease of approximately **$25 million** or **74%** from the prior fiscal year period[10](index=10&type=chunk) - Prior fiscal year operating expenses included **$26.2 million** in non-cash share-based compensation expenses, which were fully recognized in the previous fiscal year[10](index=10&type=chunk) - Other expenses totaled approximately **$1.5 million**, compared to **$18 million** in the prior year period, which included **$17.2 million** in non-cash fair value adjustments for financial instruments[8](index=8&type=chunk) [Net Results](index=2&type=section&id=2.3%20Net%20Results) The company's operating loss improved by 92%, with a significant reduction in net loss and net loss per share, partly due to lower fair value losses on financial instruments Q1 FY2026 Net Results | Metric | June 30, 2025 (USD) | June 30, 2024 (USD) | Y-o-Y Improvement (%) | | :------------------- | :------------ | :------------ | :------- | | Operating Loss | $(2.5) million | $(30.4) million | 92% | | Net Loss | $(4.0) million | $(48.4) million | 92% | | Net Loss Per Share | $(0.05) | $(0.71) | | | Adjusted EBITDA Loss | $(1.4) million | $(2.8) million | | - Net loss for the prior fiscal year's first quarter included approximately **$17.2 million** in fair value losses on financial instruments[10](index=10&type=chunk) - Adjusted EBITDA loss improved sequentially for the **fourth consecutive quarter**[10](index=10&type=chunk) [Operational Highlights](index=3&type=section&id=Operational%20Highlights) Roadzen advanced its DrivebuddyAI platform with a new patent and regulatory alignment, while securing key partnerships for fleet integration and UK market expansion [Product Advances and Patent Awards](index=3&type=section&id=3.1%20Product%20Advances%20and%20Patent%20Awards) Roadzen's DrivebuddyAI platform is favorably positioned for new Indian road safety regulations, secured a patent for its fatigue detection algorithm, and significantly increased real-world driving data - DrivebuddyAI is poised to benefit from new Indian road safety regulations (AIS 184) mandating Driver Drowsiness and Attention Warning Systems (DDAWS) from April 2026[12](index=12&type=chunk) - DrivebuddyAI is the **first and only system** validated by the Automotive Research Association of India (ARAI) testing agency to comply with the new standards[12](index=12&type=chunk) - On June 3, 2025, DrivebuddyAI was granted a patent in India for its real-time driver fatigue detection algorithm[12](index=12&type=chunk) - DrivebuddyAI's real-world driving data has exceeded **1.8 billion kilometers**, growing **80%** in six months, and has helped commercial fleets reduce road accidents by over **72%**[13](index=13&type=chunk) [Key Contracts and Partnerships](index=3&type=section&id=3.2%20Key%20Contracts%20and%20Partnerships) Roadzen secured significant partnerships in Q1 FY2026, including equipping SHV Energy's truck fleet with DrivebuddyAI and collaborating with Vodafone Automotive to launch integrated vehicle protection solutions in the UK - On June 17, 2025, Roadzen announced that SHV Energy Pvt Ltd (“SUPERGAS”) will equip its truck fleet with DrivebuddyAI, with installations expected to be completed by September 30, 2025[17](index=17&type=chunk) - On May 6, 2025, Roadzen's UK subsidiary, Global Insurance Management Limited (“GIM”), partnered with Vodafone Automotive to launch an integrated vehicle protection solution combining real-time telematics asset tracking and Guaranteed Asset Protection (GAP) insurance, expected to restore GIM's business growth in the UK[17](index=17&type=chunk) [Subsequent Developments (Post June 30, 2025)](index=3&type=section&id=Subsequent%20Developments%20(Post%20June%2030%2C%202025)) Post-Q1, Roadzen successfully raised $4.5 million in capital, secured new strategic partnerships in the UK and India, and received industry recognition as a top global FinTech company [Capital Raising Activities](index=3&type=section&id=4.1%20Capital%20Raising%20Activities) In July 2025, Roadzen completed two financing rounds totaling $4.5 million through private placements and direct offerings, while management deferred RSU vesting to align with shareholders - On July 24, 2025, **$2.25 million** was raised through a private placement of **1.8 million** common shares to four largest shareholders at **$1.25 per share** (approximately a **20% premium** to the then-market price)[16](index=16&type=chunk) - On July 29, 2025, an additional **$2.25 million** was raised through a direct offering of **1.7 million** common shares to institutional investors at **$1.30 per share**[16](index=16&type=chunk) - To align with shareholders, Roadzen's CEO and entire leadership team deferred the vesting of RSUs until September 2026[16](index=16&type=chunk) [New Contracts and Partnerships](index=3&type=section&id=4.2%20New%20Contracts%20and%20Partnerships) Roadzen established GAP insurance partnerships in the UK with Motion Finance and a major independent auto retailer, and launched connected roadside assistance services in India with a top two-wheeler OEM - On August 7, 2025, Roadzen partnered with Motion Finance, a leading UK automotive finance broker, to offer Return to Invoice (RTI) GAP insurance to its customers[15](index=15&type=chunk) - On July 17, 2025, Roadzen announced a partnership with a top global two-wheeler (motorcycle and scooter) OEM to launch real-time connected roadside assistance services for new electric and connected vehicles in India[20](index=20&type=chunk) - On July 15, 2025, Roadzen's UK subsidiary GIM partnered with one of the UK's largest independent nearly-new car and van retailers to provide GAP insurance to over **60,000** car buyers annually[20](index=20&type=chunk) [Industry Recognition](index=4&type=section&id=4.3%20Industry%20Recognition) Roadzen was recognized by CNBC and Statista as a top global FinTech company for 2025 due to its pioneering role in transforming insurance through AI and advanced data science - On July 16, 2025, Roadzen was recognized by CNBC and Statista as a leading InsurTech company on the 2025 list of top global FinTech companies[18](index=18&type=chunk) [About Roadzen Inc.](index=4&type=section&id=About%20Roadzen%20Inc.) Roadzen Inc. is a California-based global technology company transforming auto insurance with advanced AI, serving leading insurers, automakers, and fleets worldwide, aiming to prevent accidents, ensure fair premiums, and expedite claims through AI research - Roadzen Inc. is a global technology company leveraging advanced Artificial Intelligence (AI) to transform auto insurance[18](index=18&type=chunk) - Clients include leading global insurance companies, automakers, fleets, dealerships, and auto insurance agents[18](index=18&type=chunk) - The company's pioneering work in telematics, generative AI, and computer vision has been recognized by publications such as Forbes, Fortune, and Financial Express[18](index=18&type=chunk) - The company's mission is to advance AI research at the intersection of mobility and insurance, aiming for a world where accidents are prevented, premiums are fair, and claims are processed quickly[18](index=18&type=chunk) - Headquartered in Burlingame, California, the company has offices globally (US, UK, and India) and employs **323** people[18](index=18&type=chunk) [Financial Statements](index=5&type=section&id=Financial%20Statements) The financial statements detail Roadzen's balance sheet as of June 30, 2025, Q1 FY2026 operating results with a $4.01 million net loss, and cash flow activities including a $2.92 million operating outflow [Unaudited Condensed Consolidated Balance Sheets](index=5&type=section&id=6.1%20Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025, Roadzen reported total assets of $32.96 million and total liabilities of $61.75 million, resulting in a total stockholders' deficit of $28.08 million Unaudited Condensed Consolidated Balance Sheets (as of June 30, 2025) | Item | June 30, 2025 (USD) | March 31, 2025 (USD) | | :------------------------- | :------------ | :------------ | | **Assets** | | | | Total Current Assets | $27,090,564 | $26,954,896 | | Total Non-Current Assets | $5,866,735 | $5,624,454 | | **Total Assets** | **$32,957,299** | **$32,579,350** | | **Liabilities and Stockholders' Equity/(Deficit)** | | | | Total Current Liabilities | $60,609,693 | $56,935,304 | | Total Non-Current Liabilities | $1,141,357 | $1,334,826 | | **Total Liabilities** | **$61,751,050** | **$58,270,130** | | Total Stockholders' Deficit | $(28,082,420)$ | $(25,073,897)$ | | Non-Controlling Interests | $(711,331)$ | $(616,883)$ | | **Total Deficit** | **$(28,793,751)$** | **$(25,690,780)$** | | **Total Liabilities and Deficit** | **$32,957,299** | **$32,579,350** | [Unaudited Condensed Consolidated Statements of Operations](index=6&type=section&id=6.2%20Unaudited%20Condensed%20Consolidated%20Statements%20of%20Operations) For Q1 FY2026, Roadzen reported revenue of $10.87 million, an operating loss of $2.52 million, and a net loss attributable to common stockholders of $4.01 million, or $0.05 per share Unaudited Condensed Consolidated Statements of Operations (for the three months ended June 30, 2025) | Item | June 30, 2025 (USD) | June 30, 2024 (USD) | | :--------------------------------- | :------------ | :------------ | | Revenue | $10,865,545 | $8,931,517 | | Total Costs and Expenses | $13,385,894 | $39,325,817 | | Operating Loss | $(2,520,349)$ | $(30,394,300)$ | | Total Other Income/(Expense) | $(1,500,779)$ | $(17,951,394)$ | | (Loss)/Income Before Income Tax Expense | $(4,021,128)$ | $(48,345,694)$ | | Net Loss Attributable to Common Stockholders | $(4,005,770)$ | $(48,407,025)$ | | Net Loss Per Share Attributable to Common Stockholders (Basic and Diluted) | $(0.05)$ | $(0.71)$ | | Weighted Average Shares Used in Computing Net Loss Per Share | 74,290,986 | 68,440,829 | [Unaudited Condensed Consolidated Statements of Cash Flow](index=7&type=section&id=6.3%20Unaudited%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flow) In Q1 FY2026, Roadzen's net cash outflow from operating activities was $2.92 million, while financing activities generated $1.44 million, leading to a net decrease in cash and cash equivalents of $1.71 million Unaudited Condensed Consolidated Statements of Cash Flow (for the period ended June 30, 2025) | Item | June 30, 2025 (USD) | June 30, 2024 (USD) | | :--------------------------------- | :------------ | :------------ | | Net Cash Outflow from Operating Activities | $(2,921,507)$ | $(5,666,680)$ | | Net Cash Outflow from Investing Activities | $(200,940)$ | $1,226,351$ | | Net Cash Inflow from Financing Activities | $1,436,949$ | $1,033,154$ | | Effect of Exchange Rate Changes on Cash and Cash Equivalents | $(24,586)$ | $(3,519)$ | | Net (Decrease)/Increase in Cash and Cash Equivalents | $(1,710,084)$ | $(3,410,694)$ | | Cash and Cash Equivalents at End of Period | $3,343,570$ | $8,154,394$ | [Non-GAAP Financial Measures](index=8&type=section&id=Non-GAAP%20Financial%20Measures) This section defines Adjusted EBITDA as a non-GAAP metric for operational performance, detailing its reconciliation and outlining the inherent limitations of using such non-GAAP measures [Adjusted EBITDA Definition and Reconciliation](index=8&type=section&id=7.1%20Adjusted%20EBITDA%20Definition%20and%20Reconciliation) Adjusted EBITDA is a non-GAAP metric used to assess operational performance by excluding financial costs, taxes, depreciation, amortization, and certain non-recurring items, with the Q1 FY2026 loss improving to $1.41 million - **Adjusted EBITDA** is a non-GAAP financial measure that excludes financial costs, taxes, depreciation, amortization, and certain non-recurring items to provide operating profit/loss without non-cash D&A impacts, helping investors understand business sustainability and trends[27](index=27&type=chunk) Reconciliation of Net Loss to Adjusted EBITDA (for the three months ended June 30, 2025) | Item | June 30, 2025 (USD) | June 30, 2024 (USD) | | :--------------------------------- | :------------ | :------------ | | Net Loss (including non-controlling interests) | $(4,005,770)$ | $(48,407,025)$ | | Adjustments: | | | | Other (income)/expense, net | $47,922$ | $(22,352)$ | | Interest (income)/expense | $941,319$ | $821,686$ | | Fair value changes in financial instruments | $511,538$ | $17,152,060$ | | Tax (benefit)/expense | $79,979$ | $106,650$ | | Depreciation and amortization | $125,000$ | $480,349$ | | Share-based compensation expense | $71,358$ | $26,230,989$ | | Non-cash expenses | $306,714$ | $285,060$ | | Non-recurring expenses | $516,102$ | $524,758$ | | **Adjusted EBITDA (USD)** | **$(1,405,838)$** | **$(2,827,825)$** | [Limitations of Non-GAAP Measures](index=8&type=section&id=7.2%20Limitations%20of%20Non-GAAP%20Measures) Non-GAAP financial measures have limitations as analytical tools and should not be considered substitutes for or used in isolation from GAAP financial information, as different companies may use varying calculation methods - Non-GAAP financial measures have limitations as analytical tools and should not be considered substitutes for or used in isolation from GAAP financial information[28](index=28&type=chunk) - **Adjusted EBITDA** does not represent cash flow from operating activities as defined by GAAP and should not be used as a measure of liquidity[27](index=27&type=chunk) - Investors should review the relevant GAAP financial measures and their reconciliation to non-GAAP financial measures, and not rely solely on a single financial measure to evaluate the company's business[28](index=28&type=chunk) [Cautionary Statement Regarding Forward Looking Statements](index=4&type=section&id=Cautionary%20Statement%20Regarding%20Forward%20Looking%20Statements) This press release contains forward-looking statements subject to known and unknown risks, uncertainties, and assumptions, where actual results may differ materially from expectations, and the company undertakes no obligation to update these statements unless explicitly required by applicable securities laws - This press release contains forward-looking statements regarding expected benefits of products and solutions, revenue from partnerships, business growth in the US, UK, and India, timing of **Adjusted EBITDA breakeven**, strategies, product demand, expansion plans, and future operational and financial performance[19](index=19&type=chunk) - These forward-looking statements are subject to known and unknown risks, uncertainties, and assumptions that could cause actual results, activity levels, performance, or achievements to differ materially from those expressed or implied[19](index=19&type=chunk) - All forward-looking statements are made only as of the date of this release, and the company undertakes no intention or obligation to update or revise any forward-looking statements, except as expressly required by applicable securities laws[19](index=19&type=chunk)
VAHANNA TECH EDG(VHNA) - 2025 Q4 - Annual Report
2025-06-26 20:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO (Exact name of Registrant as specified in its Charter) British Virgin Islands 98-1600102 (State or other jurisdiction of incorporation or organization) 111 Anza Bo ...
VAHANNA TECH EDG(VHNA) - 2025 Q1 - Quarterly Results
2025-06-26 20:10
Exhibit 99.1 Roadzen Reports Full Fiscal Year 2025 Financial Results; Fiscal Q4 Delivers 13.3% Revenue Growth, 99% Net Loss Reduction, and Continued Progress Towards Breakeven Roadzen enters Fiscal Year 2026 with Momentum and Improved Operating Leverage Driven by Strong Performance in the U.S. and India and a $300+Million Pipeline Key Highlights – Fiscal Year 2025 1. Revenue Growth Returns in Q4 Roadzen reported full-year revenue of $44.3 million, a 5.2% decline year-over-year due to the temporary suspensio ...
VAHANNA TECH EDG(VHNA) - 2024 Q4 - Annual Results
2025-02-12 21:15
NEW YORK, February 12, 2025 (GLOBE NEWSWIRE) – Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company"), a global leader in AI at the convergence of insurance and mobility, today announced its financial results for the three and nine-month periods ended December 31, 2024. Rohan Malhotra, Founder and CEO of Roadzen, stated, "Roadzen delivered on all our key priorities this quarter—growing revenue, accelerating our path to breakeven, launching breakthrough new products, and strengthening our balance sheet. We ...
VAHANNA TECH EDG(VHNA) - 2024 Q3 - Quarterly Report
2024-11-13 21:25
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q 111 Anza Blvd., Suite 109 Burlingame, California 94010 (Address of Principal Executive Offices) (Zip Code) (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to _________ Commission File Number: 0 ...
VAHANNA TECH EDG(VHNA) - 2024 Q3 - Quarterly Results
2024-11-13 21:15
EX-99.1 Roadzen Reports Fiscal Second Quarter and First Half FY2025 Financial Results NEW YORK, November 13, 2024 (GLOBE NEWSWIRE) – Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company"), a global leader in AI at the convergence of insurance and mobility, today announced its second quarter and six-month financial results for the period ended September 30, 2024. Rohan Malhotra, Founder and CEO of Roadzen, stated, "This quarter marked substantial progress in revenue acceleration, product development, and c ...
VAHANNA TECH EDG(VHNA) - 2024 Q2 - Quarterly Report
2024-08-13 20:25
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Commission File Number: 001-41094 ROADZEN INC. (Exact Name of Registrant as Specified in Its Charter) British Virgin Islands 98-1600102 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) For the transition period from ___________ to _________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ T ...