Roadzen Inc. reported third‑quarter fiscal 2025 revenue of $14.4 million, a 18.8% year‑over‑year increase, while the net loss widened to $(9.1) million, reflecting higher operating expenses and a larger one‑time charge. The operating loss narrowed to $(2.4) million from $(3.2) million in the same quarter a year earlier, and adjusted EBITDA improved to $(0.59) million, bringing the company closer to break‑even as cost discipline and a higher‑margin mix take effect.
The company’s AI‑powered insurance platform continued to drive growth, with the IaaS business reporting increased claims, roadside assistance, and vehicle inspections, and the brokerage segment reporting 149,810 policies sold for $17.1 million in gross written premium. Although specific revenue figures for these segments were not disclosed, the overall revenue rise was largely attributed to stronger demand in both the IaaS and brokerage lines, offsetting headwinds in legacy products.
Gross margin expanded to 63.7% from 55.7% in the prior quarter, a result of a shift toward higher‑margin contracts and improved operational leverage as the AI platform scales. The margin improvement signals that the company is successfully converting revenue growth into profitability, even as it continues to invest in technology and talent to support its expanding customer base.
Management raised its fourth‑quarter guidance, projecting revenue of $16.1 million and a continued narrowing of losses. The company also announced the completion of the EliteCover acquisition in the U.S. and the planned acquisition of VehicleCare in India, which together broaden its commercial auto footprint and enhance its claims capabilities. A debt extension with Mizuho Securities USA, LLC will extend the $11.5 million senior secured facility through June 30, 2027, providing additional liquidity for growth initiatives.
"This quarter reflects the convergence of sustained business growth, expanding global customer adoption, and disciplined execution across Roadzen," said CEO Rohan Malhotra. CFO Jean‑Noël Gallardo added, "Revenue reached $14.4 million, up nearly 19% year‑over‑year, and operating losses continue to narrow as Adjusted EBITDA is now virtually at break‑even." The comments underscore management’s confidence in the company’s execution and the positive trajectory of its AI‑driven platform.
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