Roadzen Inc 8-K, filed Jun 26, 2025

Roadzen Inc. (RDZN)

8-K 2025-06-26 For: 2025-06-26

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Added on April 06, 2026

About this 8-K

Roadzen Inc filed this 8-K on June 26, 2025.

Items reported

Item 2.02: Financial results
Item 9.01: Financial statements and exhibits

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British Virgin Islands		001-41094		98-1600102
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Ordinary Shares, par value $0.0001 per share	RDZN	The Nasdaq Stock Market LLC
Warrants, each warrant exercisable for one ordinary share, each at an exercise price of $11.50 per share	RDZNW	The Nasdaq Stock Market LLC

Exhibit Number		Description of Exhibit

99.1		Press release issued on June 26, 2025.
104		Cover page interactive data file (embedded within the Inline XBRL document).

		ROADZEN INC.

Date:	June 26, 2025	By:	/s/ Rohan Malhotra
		Name:	Rohan Malhotra
		Title:	Chief Executive Officer

	As of March 31,			As of March 31,
Particulars	2025			2024
Assets
Current assets:
Cash and cash equivalents		4,836,576			11,186,095
Accounts receivable, net		2,625,385			3,652,380
Inventories		202,535			70,667
Prepayments and other current assets		19,092,595			34,426,335
Investments		197,805			507,094
Total current assets		26,954,896			49,842,571
Non current assets
Restricted cash		217,064			378,993
Non marketable securities		269,470			1,514,796
Property and equipment, net		602,923			454,589
Goodwill		2,061,553			2,061,553
Operating lease right-of-use assets		1,109,219			822,327
Intangible assets, net		1,243,253			2,989,604
Other long-term assets		120,972			71,913
Total Non current assets		5,624,454			8,293,775
Total assets		32,579,350			58,136,346

Liabilities and shareholders’ Equity/(Deficit)
Current liabilities
Current portion of long-term borrowings		2,904,444			2,228,471
Short-term borrowings		19,865,645			15,754,829
Accounts payable and accrued expenses		30,254,010			38,492,487
Derivative warrant liabilities		1,489,818			5,585,955
Short-term operating lease liabilities		318,921			358,802
Other current liabilities		2,102,466			3,231,962
Total current liabilities		56,935,304			65,652,506
Non current liabilities
Long-term borrowings		139,775			1,472,933
Long-term operating lease liabilities		628,400			268,856
Other long-term liabilities		566,651			1,241,917
Total Non current liabilities		1,334,826			2,983,706
Total liabilities		58,270,130			68,636,212

Commitments and contingencies (refer note 22)

Shareholders’ Equity/(Deficit)
Ordinary Shares and additional paid in capital, $0.0001 par value per share, 220,000,000 shares authorized as of March 31, 2025 and March 31, 2024; 74,290,986 and 68,440,829 shares outstanding as of March 31, 2025 and March 31, 2024 respectively		95,501,291			84,974,378
Accumulated deficit		(223,826,442	)		(151,008,419	)
Accumulated other comprehensive income/(loss)		(468,859	)		(600,501	)
Other components of equity		103,720,113			56,560,706
Total shareholders’ deficit		(25,073,897	)		(10,073,836	)
Non-controlling interest		(616,883	)		(426,030	)
Total deficit		(25,690,780	)		(10,499,866	)
Total liabilities and Total Deficit		32,579,350			58,136,346

	For the Year ended March 31,
Particulars	2025			2024
Revenue		44,296,098			46,724,287
Costs and expenses:
Cost of services		18,833,218			18,132,757
Research and development		3,779,955			4,973,816
Sales and marketing		28,873,150			33,195,608
General and administrative		51,602,107			65,895,085
Depreciation and amortization		2,020,610			2,185,858
Total costs and expenses		105,109,040			124,383,124
Loss from operations		(60,812,942	)		(77,658,837	)
Interest expense (net)		(3,247,831	)		(2,291,123	)
Fair value gains/(losses) in financial instruments carried at fair value		(14,844,420	)		(19,475,005	)
Gain on deconsolidation of subsidiaries		-			2,098,745
Impairment of investment		(1,245,326	)		(3,395,234	)
Other income (net)		7,073,235			838,728
Total other income/(expense)		(12,264,342	)		(22,223,889	)
(Loss)/Income before income tax expense		(73,077,284	)		(99,882,726	)
Less: income tax (benefit)/expense		(13,973	)		(23,648	)
Net (loss)/income before non-controlling interest		(73,063,311	)		(99,859,078	)
Net loss attributable to non-controlling interest, net of tax		(192,879	)		(189,743	)
Net Loss attributable to Ordinary shareholders		(72,870,432	)		(99,669,335	)

Net loss per share attributable to Ordinary shareholders
Basic and diluted		(1.04	)		(2.26	)
Weighted-average number of shares used in computing net loss per share		69,867,792			44,032,410

	For the three months ended March 31,
Particulars	2025			2024
Net loss		(106,967	)		(33,978,672	)
Adjusted for:
Other (income)/expense net		(3,861,541	)		(55,459	)
Interest (income)/expense		714,899			732,138
Fair value changes in financial instruments carried at fair value⁽¹⁾		(1,681,725	)		(2,894,633	)
Gain on deconsolidation of subsidiaries		-			(2,098,745	)
Impairment of investment		1,245,326			3,395,234
Tax (benefit)/expense		69,709			69,734
Depreciation and amortization		1,046,539			953,232
Stock based compensation expense		76,397			25,523,471
Non-cash expenses		493,210			820,440
Non-recurring expenses		386,746			5,408,410
Adjusted EBITDA		(1,617,407	)		(2,124,850	)