Roadzen Inc.
RDZNNasdaqFinancials · Insurance Agents, Brokers & Service · D8 · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | |
|---|---|---|---|---|---|
| Revenue | $44.3M | $46.7M | $13.6M | — | — |
| Operating income | −$60.8M | −$77.7M | −$11.5M | — | — |
| Net income | −$72.9M | −$99.7M | −$14.0M | $983,439 | −$215,218 |
| Total assets | $32.6M | $58.1M | $15.2M | $207.3M | $205.4M |
| Total liabilities | $58.3M | $68.6M | $18.0M | $8.0M | $7.0M |
| Equity | −$25.1M | −$10.1M | −$50.8M | −$7.8M | $0 |
| EPS (diluted) | $-1.04 | $-2.26 | $-0.86 | — | — |
| Shares out. | 74.3M | 68.4M | 16.5M | — | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −137.3%
- Net margin
- −164.5%
- Return on equity
- 290.6%
- Return on assets
- −223.7%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 178.9%
- Debt / equity
- —
- Book value / share
- $-0.34
- Revenue growth (YoY)
- −5.2%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -41.43distress
- Accruals / assets
- −168.0%clean
- Beneish M-Score
- -10.65normal
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 3 severe● 5 warning● 2 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Strong return on equity (>15%)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Aug 11, 2023
- NT 10-Qmissed a reporting deadline ↗May 12, 2023
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2023
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 651,586 | 1.0 | +63.5% |
| Apr 30, 2026 | 398,646 | 1.0 | +185.4% |
| Apr 15, 2026 | 139,698 | 1.0 | -11.6% |
| Mar 31, 2026 | 157,940 | 2.1 | -37.6% |
| Mar 13, 2026 | 252,944 | 2.3 | +45.3% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Entered a material agreementMay 22, 2026
- Regulation FD disclosureMay 7, 2026
- Entered a material agreement · Other material eventMay 5, 2026
- Regulation FD disclosureApr 28, 2026
- Regulation FD disclosureApr 10, 2026
- Shareholder voteApr 1, 2026
- Director / officer changeMar 11, 2026
- Entered a material agreementFeb 26, 2026
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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