Core Insights - Roadzen Inc. reported a record first-quarter revenue of $10.9 million for fiscal Q1 2026, representing a 22% year-over-year increase, and continued sequential improvement in Adjusted EBITDA, aligning with market estimates and analyst expectations [3][4] - Recent media reports inaccurately stated that analyst expectations for Roadzen's Q1 revenue were over $21 million, suggesting a revenue miss of more than 50%, which Roadzen clarified was not based on any factual data from its covering analysts [1][4] - The Motley Fool published a correction acknowledging the use of incorrect analyst estimates, and the Nasdaq version of the article has been removed [5] Financial Performance - Roadzen's Q1 FY2026 GAAP EPS was reported at $(0.05), which was in line with analyst expectations despite being slightly below the estimated revenue of $11.4 million, resulting in a 4.8% variance [4] - Analysts covering Roadzen, including Allen Klee of Maxim and Ashok Kumar of ThinkEquity, maintain "Buy" ratings with price targets of $4 and $5 respectively [5] Company Overview - Roadzen is a global technology company focused on transforming auto insurance through advanced AI, serving clients including leading insurers, carmakers, and fleets [6] - The company has been recognized as a top AI innovator by various publications and aims to advance AI research at the intersection of mobility and insurance [6]
Roadzen Addresses Inaccurate Reporting of Analyst Expectations in Q1 FY2026 Results