Roadzen, Inc. (RDZN) AI Stock Analysis

NASDAQ: RDZNAI research summary: business, growth, valuation, analysts, bull and bear case.

RDZN AI stock analysis summary

AI Research

Roadzen, Inc. (RDZN) is a technology company offering on-demand roadside assistance and insurance solutions. In FY2026, revenue increased 24.2% to $55.0M while net income was -$22.5M. As of June 30, 2026, the company carried net debt of $28.5M and negative shareholders' equity of -$33.8M.

Market cap
$87.7M
Revenue (TTM)
$60.4M
P/E
4.7x
1Y return
-19.5%
S&P 500 16.8%
Avg. target
$5.00
385.4% vs last close

Bull case

  • Quarterly revenue increased 49.0% year-over-year in the period ended June 30, 2026, alongside a 5-year revenue CAGR of 116.2%.
  • Operating margin improved from -137.3% in FY2025 to -25.4% in FY2026, reaching -4.6% on a trailing twelve-month basis.
  • Wall Street analysts maintain 1 Strong Buy and 1 Buy rating with a mean price target of $5.00, representing 385.4% upside to the last close.

Bear case

  • The balance sheet reflects negative shareholders' equity of -$33.8M and a current ratio of 0.45 as of June 30, 2026.
  • Free cash flow remained negative at -$21.3M in FY2026, while cash reserves stood at just $6.2M against $34.7M in total debt.
  • The stock has declined 57.3% year-to-date and trades 29.0% below its 200-day average.

What Roadzen does

RoadZen, Inc., headquartered in New Delhi, India, operates an online platform offering on-demand roadside assistance services. Founded in 2015, the company has established a network of towing and roadside repair providers across India. Its suite of services caters to insurers and automotive OEMs, facilitating real-time customer interactions, expedited claims processing, and enhanced risk underwriting services. Service offerings include towing and removal, battery jumpstarts, flat tire support, assistance with locked out or lost keys, and fuel-related problems. RoadZen employs a technology-driven approach to deliver roadside assistance solutions for individual motorists and corporate clients.

Growth and profitability

Roadzen generated $55.0M in revenue in FY2026, up 24.2% from $44.3M in FY2025, when revenue fell 5.2%. Across five years from FY2021 to FY2026, revenue CAGR reached 116.2%. Gross margin stood at 61.3% in FY2026, improving from 57.5% in FY2025 and 51.9% in FY2022. Operating margins improved to -25.4% in FY2026 compared to -137.3% in FY2025 and -166.2% in FY2024. Net income improved from -$99.7M in FY2024 and -$72.9M in FY2025 to -$22.5M in FY2026. For the latest quarter ended June 30, 2026, quarterly revenue growth was 49.0% year-over-year, bringing trailing twelve-month revenue to $60.4M with an operating margin of -4.6%.

RDZN income statement →

Balance sheet and cash flow

As of June 30, 2026, Roadzen held $6.2M in cash and short-term investments against total debt of $34.7M, resulting in net debt of $28.5M. The company reported negative shareholders' equity of -$33.8M and a current ratio of 0.45. Total assets were $47.7M. Operating cash flow for FY2026 was -$20.3M, and free cash flow was -$21.3M after capital expenditures of $1.0M. In addition, the company's share count expanded by 230.7% over five years.

RDZN balance sheet →

Valuation and performance

At a last close of $1.03 on October 16, 2026, Roadzen has a market cap of $87.7M and an enterprise value of $128.5M. The stock trades at a price-to-sales multiple of 1.5x, below the median of 2.8x for its US-listed Technology peers. Its trailing price-to-earnings ratio is 4.7x compared to the peer median of 28.1x, while price-to-book is 175.1x. Over the past year, RDZN shares declined 19.5%, underperforming the S&P 500 (SPY) return of 16.8%.

RDZN key metrics →

What analysts expect

Wall Street coverage includes 1 Strong Buy and 1 Buy rating. The mean price target is $5.00, representing upside of 385.4% over the last close of $1.03. For the fiscal year ending March 31, 2027, consensus estimates project revenue of $77.6M and an EPS of -$0.20. For the following fiscal year, one analyst forecasts revenue of $138.4M and EPS of $0.11. Roadzen beat EPS estimates in 2 of the last 4 quarters, with the next earnings date scheduled for November 13, 2026.

RDZN forecast and price target →

Key risks and what to watch

  • Net debt of $28.5M exceeds the cash balance of $6.2M as of June 30, 2026.
  • A current ratio of 0.45 indicates potential pressure on short-term liquidity.
  • Operating cash flow has remained negative across all reported periods, finishing FY2026 at -$20.3M.
  • The company expanded its share count by 230.7% over 5 years, presenting dilution risk.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this RDZN AI stock analysis

This page is an AI-written research summary of Roadzen, Inc. (RDZN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: RDZN income statement, RDZN balance sheet, RDZN key metrics, RDZN analyst forecast, RDZN chart. See the RDZN stock overview for the latest quote and news.

RDZN AI stock analysis FAQ

What does Roadzen do?

Roadzen operates an online platform in India providing on-demand roadside assistance solutions, such as towing, jumpstarts, and tire support, for individual motorists, insurers, and automotive OEMs.

Does Roadzen pay a dividend?

No, Roadzen does not pay a dividend.

When is Roadzen's next earnings report?

Roadzen is scheduled to report earnings on November 13, 2026.

What do analysts project for Roadzen's stock price?

Analysts hold 1 Strong Buy and 1 Buy rating with a mean price target of $5.00, representing 385.4% upside from its last close of $1.03.

What was Roadzen's revenue growth in FY2026?

Roadzen reported revenue of $55.0M in FY2026, which represents a 24.2% increase compared to $44.3M in FY2025.

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