Roadzen, Inc. (RDZN) Balance Sheet
RDZN balance sheet, FY2026
March 31, 2026 · U.S. dollars$52.7M assets = $79.2M liabilities + −$26.5M equity
Liabilities exceed assets: shareholders’ equity is negative (−$26.5M).
Both columns are drawn to the same scale: what RDZN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
RDZN financial health
Descriptive bands, not a rating. Fiscal FY2026.
RDZN balance sheet trends, FY2021–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $17.1MFY2021 | $52.7MFY2026 | +25.2%/yr | |
| Total liabilities | $44.2MFY2021 | $79.2MFY2026 | +12.4%/yr | |
| Shareholders’ equity | −$27.1MFY2021 | −$29.6MFY2026 | — | |
| Cash & short-term investments | $4.6MFY2021 | $6.8MFY2026 | +8.0%/yr | |
| Total debt | $21.5MFY2021 | $34.3MFY2026 | +9.8%/yr | |
| Net cash (debt) | −$16.8MFY2021 | −$27.5MFY2026 | −$10.7M | |
| Working capital | −$4.7MFY2021 | −$26.0MFY2026 | −$21.3M | |
| Book value per share | −$1.08FY2021 | −$0.43FY2026 | — | |
| Current ratio | 0.54FY2021 | 0.55FY2026 | +0.01 | |
| Shares outstanding | 25.0MFY2021 | 68.4MFY2026 | +22.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RDZN assets
RDZN liabilities and equity
RDZN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
RDZN balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $6.8M | $5.0M | $11.7M | $589,340 | $913,636 | $4.6M |
| Cash & equivalents | $6.6M | $4.8M | $11.2M | $589,340 | $913,636 | $4.6M |
| Short-term investments | $229,994 | $197,805 | $507,094 | $0 | — | — |
| Receivables | $13.4M | $8.8M | $5.5M | $2.5M | $2.1M | $696,830 |
| Inventory | $116,555 | $202,535 | $70,667 | $59,897 | $55,208 | $184 |
| Other current assets | $12.0M | $12.9M | $32.6M | $2.2M | $1.8M | $318,229 |
| Total current assets | $32.3M | $27.0M | $49.8M | $5.4M | $4.8M | $5.6M |
| Property, plant & equipment (net) | $1.9M | $1.7M | $1.3M | $778,481 | $158,992 | $114,652 |
| Goodwill & intangible assets | $17.3M | $3.3M | $5.1M | $3.5M | $5.5M | $4.2M |
| Long-term investments | $0 | $269,470 | $1.5M | $4.9M | $4.9M | $4.9M |
| Other non-current assets | $1.2M | $338,036 | $450,906 | $659,974 | $512,380 | $2.2M |
| Total assets | $52.7M | $32.6M | $58.1M | $15.2M | $15.9M | $17.1M |
| Liabilities | ||||||
| Accounts payable | $14.8M | $17.5M | $22.8M | $2.0M | $1.5M | $526,323 |
| Short-term debt | $18.0M | $23.1M | $18.3M | $7.9M | $595,023 | $14,587 |
| Deferred revenue | $1.7M | $980,475 | $1.1M | $160,669 | $292,031 | $175,142 |
| Total current liabilities | $58.3M | $56.9M | $65.7M | $16.7M | $5.7M | $10.4M |
| Long-term debt | $15.6M | $139,775 | $1.5M | $653,269 | $23.1M | $21.5M |
| Lease obligations | $1.0M | $947,321 | $627,658 | $569,003 | $0 | — |
| Other long-term liabilities | $5.3M | $1.2M | $1.5M | $48.9M | $24.0M | $12.4M |
| Total liabilities | $79.2M | $58.3M | $68.6M | $66.3M | $52.8M | $44.2M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $112.1M | $95.5M | $85.0M | $303,213 | $303,213 | $303,213 |
| Retained earnings (deficit) | −$246.2M | −$223.8M | −$151.0M | −$51.4M | −$37.1M | −$27.3M |
| Accumulated other comprehensive income | −$1.3M | −$468,859 | −$600,501 | −$66,903 | −$124,036 | −$83,683 |
| Minority interest | $3.1M | −$616,883 | −$426,030 | −$237,695 | — | — |
| Total shareholders' equity | −$29.6M | −$25.1M | −$10.1M | −$50.8M | −$36.9M | −$27.1M |
| Key figures | ||||||
| Total debt | $34.3M | $23.9M | $20.1M | $9.0M | $23.7M | $21.5M |
| Net cash (debt) | −$27.5M | −$18.8M | −$8.4M | −$8.4M | −$22.8M | −$16.8M |
| Working capital | −$26.0M | −$30.0M | −$15.8M | −$11.3M | −$899,983 | −$4.7M |
| Tangible book value | −$46.9M | −$28.4M | −$15.1M | −$54.3M | −$42.4M | −$31.3M |
| Book value per share | −$0.43 | −$0.36 | −$0.23 | −$0.80 | −$0.58 | −$1.08 |
| Shares outstanding | 68.4M | 69.9M | 44.0M | 63.4M | 63.4M | 25.0M |
| Current ratio | 0.55 | 0.47 | 0.76 | 0.32 | 0.84 | 0.54 |
| Quick ratio | 0.35 | 0.24 | 0.26 | 0.19 | 0.52 | 0.51 |
| Equity / assets | −56.3% | −77.0% | −17.3% | −334.9% | −232.3% | −158.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $6.2M | $6.8M | $14.0M | $5.3M | $3.2M | $5.0M | $5.9M | $6.3M | $8.1M | $11.7M | $9.9M | $8.1M |
| Cash & equivalents | $6.0M | $6.6M | $5.1M | $5.0M | $3.1M | $4.8M | $5.8M | $6.0M | $7.8M | $11.2M | $9.4M | $8.1M |
| Short-term investments | $231,509 | $229,994 | $8.9M | $366,487 | $124,689 | $197,805 | $71,316 | $270,743 | $313,488 | $507,094 | $501,812 | $22.6M |
| Receivables | $14.1M | $13.4M | $13.2M | $13.8M | $10.4M | $8.8M | $6.3M | $6.3M | $5.7M | $5.5M | $12.2M | $15.4M |
| Inventory | $188,628 | $116,555 | $176,670 | $213,875 | $99,187 | $202,535 | $114,504 | $91,503 | $77,399 | $70,667 | $29,333 | $132,641 |
| Other current assets | $5.9M | $12.0M | $6.8M | $14.8M | $13.3M | $12.9M | $13.7M | $10.3M | $12.9M | $32.6M | $30.8M | $27.7M |
| Total current assets | $26.5M | $32.3M | $34.2M | $34.1M | $27.1M | $27.0M | $26.0M | $23.0M | $26.7M | $49.8M | $52.9M | $51.4M |
| Property, plant & equipment (net) | $2.6M | $1.9M | $1.9M | $1.9M | $1.7M | $1.7M | $1.1M | $1.3M | $1.2M | $1.3M | $1.4M | $1.2M |
| Goodwill & intangible assets | $17.4M | $17.3M | $8.1M | $4.9M | $3.6M | $3.3M | $3.1M | $3.2M | $4.2M | $5.1M | $6.6M | $7.0M |
| Long-term investments | $0 | $0 | $269,470 | $268,764 | $269,470 | $269,470 | $1.5M | $1.5M | $1.5M | $1.5M | $4.9M | $4.9M |
| Other non-current assets | $1.3M | $1.2M | $398,804 | $364,389 | $349,536 | $338,036 | $234,348 | $115,309 | $421,821 | $450,906 | $763,645 | $1.1M |
| Total assets | $47.7M | $52.7M | $44.9M | $41.5M | $33.0M | $32.6M | $32.0M | $29.1M | $34.1M | $58.1M | $66.6M | $65.7M |
| Liabilities | ||||||||||||
| Accounts payable | $11.5M | $14.8M | $14.8M | $14.6M | $17.3M | $17.5M | $18.6M | $20.4M | $23.2M | $22.8M | $24.3M | $19.4M |
| Short-term debt | $19.9M | $18.0M | $24.7M | $23.5M | $23.9M | $23.1M | $23.0M | $22.8M | $19.5M | $18.3M | $18.0M | $17.3M |
| Deferred revenue | — | $1.7M | $1.0M | $1.6M | $1.0M | $980,475 | $859,046 | $1.0M | $1.1M | $1.1M | $1.6M | $2.0M |
| Total current liabilities | $59.0M | $58.3M | $63.2M | $61.3M | $60.6M | $56.9M | $61.36T | $61.0M | $64.4M | $65.7M | $66.2M | $62.0M |
| Long-term debt | $13.7M | $15.6M | $4.8M | $147,874 | $150,334 | $139,775 | $117,121 | $1.3M | $1.4M | $1.5M | $608,183 | $234,351 |
| Lease obligations | $1.7M | $1.0M | $771,114 | $877,210 | $886,414 | $947,321 | $716,478 | $777,654 | $822,818 | $627,658 | $670,453 | $727,919 |
| Other long-term liabilities | $5.7M | $5.3M | $907,953 | $965,680 | $991,023 | $1.2M | $995,850 | $1.1M | $1.4M | $1.5M | $1.2M | $1.2M |
| Total liabilities | $78.4M | $79.2M | $69.0M | $62.4M | $61.8M | $58.3M | $62.5M | $63.4M | $67.2M | $68.6M | $67.9M | $63.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $117.8M | $112.1M | $107.5M | $99.2M | $96.9M | $95.5M | $90.9M | $85.0M | $85.0M | $85.0M | $85.0M | $85.0M |
| Retained earnings (deficit) | −$256.0M | −$246.2M | −$239.0M | −$229.9M | −$227.8M | −$223.8M | −$223.7M | −$221.2M | −$199.4M | −$151.0M | −$117.0M | −$86.5M |
| Accumulated other comprehensive income | −$1.2M | −$1.3M | $104.9M | −$1.1M | −$929,924 | −$468,859 | −$788,567 | −$1.1M | −$885,099 | −$600,501 | $44,294 | $236,448 |
| Minority interest | $3.2M | $3.1M | $2.5M | $6.1M | −$711,331 | — | — | — | — | — | — | — |
| Total shareholders' equity | −$33.8M | −$29.6M | −$26.6M | −$26.9M | −$28.1M | −$25.1M | −$29.9M | −$33.8M | −$32.5M | −$10.1M | −$967,893 | $2.5M |
| Key figures | ||||||||||||
| Total debt | $34.7M | $34.3M | $29.9M | $24.1M | $24.5M | $23.9M | $23.5M | $24.5M | $21.4M | $20.1M | $18.8M | $17.8M |
| Net cash (debt) | −$28.5M | −$27.5M | −$15.9M | −$18.7M | −$21.3M | −$18.8M | −$17.6M | −$18.3M | −$13.3M | −$8.4M | −$8.9M | −$9.7M |
| Working capital | −$32.5M | −$26.0M | −$29.0M | −$27.2M | −$33.5M | −$30.0M | −$61.36T | −$38.0M | −$37.6M | −$15.8M | −$13.2M | −$10.6M |
| Tangible book value | −$51.2M | −$46.9M | −$34.7M | −$31.9M | −$31.6M | −$28.4M | −$33.1M | −$37.0M | −$36.8M | −$15.1M | −$7.6M | −$4.5M |
| Book value per share | −$0.41 | −$0.37 | −$0.34 | −$0.36 | −$0.38 | −$0.34 | −$0.43 | −$0.49 | −$0.48 | −$0.18 | −$0.01 | $0.04 |
| Shares outstanding | 82.7M | 79.7M | 78.8M | 75.7M | 74.3M | 74.3M | 68.9M | 68.4M | 68.4M | 56.2M | 68.4M | 65.9M |
| Current ratio | 0.45 | 0.55 | 0.54 | 0.56 | 0.45 | 0.47 | 0.00 | 0.38 | 0.42 | 0.76 | 0.80 | 0.83 |
| Quick ratio | 0.35 | 0.35 | 0.43 | 0.31 | 0.23 | 0.24 | 0.00 | 0.21 | 0.21 | 0.26 | 0.33 | 0.38 |
| Debt / equity | — | — | — | — | — | — | — | — | — | — | — | 7.02 |
| Equity / assets | −70.8% | −56.3% | −59.3% | −64.8% | −85.2% | −77.0% | −93.5% | −116.0% | −95.3% | −17.3% | −1.5% | 3.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed June 29, 2026); data from EODHD.
RDZN financial position
At the end of fiscal 2026 (March 31, 2026), Roadzen had total assets of $52.7 million (up 61.6% from a year earlier), total liabilities of $79.2 million and shareholders' equity of -$29.6 million. It held $6.8 million in cash and short-term investments against $34.3 million of debt, net debt of $27.5 million. Its current ratio was 0.55. In the latest quarter (ended June 30, 2026) total assets were $47.7 million and equity -$33.8 million.
Related: RDZN income statement, RDZN cash flow statement, RDZN key metrics. See the RDZN stock overview for the latest quote and news.
RDZN balance sheet FAQ
What are Roadzen's total assets?
Roadzen reported total assets of $52.7 million at the end of fiscal 2026 (March 31, 2026), compared with $32.6 million a year earlier.
How much debt does Roadzen have?
Roadzen had $34.3 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Roadzen have?
Roadzen held $6.8 million in cash and short-term investments at the end of fiscal 2026; with $34.3 million of debt that is net debt of $27.5 million.
What is Roadzen's book value?
Roadzen's shareholders' equity (book value) was -$29.6 million at the end of fiscal 2026, or −$0.43 per share.
What is Roadzen's current ratio?
Roadzen had current assets of $32.3 million and current liabilities of $58.3 million, a current ratio of 0.55 (current liabilities exceed current assets).
How much goodwill does Roadzen have?
Roadzen carried $17.3 million of goodwill and intangible assets, 32.8% of total assets, at the end of fiscal 2026.