Roadzen Reports Fiscal Third Quarter and First Nine-Months FY2025 Financial Results

Core Insights - Roadzen Inc. reported financial results for the three and nine-month periods ending December 31, 2024, highlighting revenue growth, product launches, and balance sheet improvements [1][2][3] Financial Performance - Revenue for Q3 2025 was $12.1 million, a sequential increase of 1.8$32.9 million, down 11.6% year-over-year [3][4] - The net loss for Q3 2025 was $2.5 million, an 88$21.8 million loss in the previous quarter, indicating a clearer path to breakeven [4] - Adjusted EBITDA loss for Q3 narrowed to $1.87 million, a decrease of approximately 13$12.6 million over the last six months, utilizing $1.65 million in cash and issuing 1.2 million new shares [4][8] - Total assets increased to$32.0 million as of December 31, 2024, primarily due to a $3.7 million rise in prepayments [8][30] Customer Agreements and Market Expansion - As of December 31, 2024, Roadzen had 34 insurance customer agreements and 77 automotive customer agreements, with a total of 77,326 policies sold during Q3 [8][30] - The company signed contracts with major clients, including Motive for roadside assistance and Simple Energy for extended warranties, indicating strong market demand [13][14] Product Development and Innovation - DrivebuddyAI surpassed one billion kilometers of real-world driving data, enhancing its capabilities in driver safety and monitoring [11] - Roadzen's MixtapeAI platform aims to automate complex workflows and improve customer interactions across various sectors [19][20]