Quarterly ResultAug 13, 2026, 04:26 PM
Roadzen Q1 Revenue Up 49% to $16.2M; Acquires European MGA
AI Summary
Roadzen Inc. reported record first-quarter fiscal 2027 financial results, with revenue increasing 49% year-over-year to $16.2 million. The company achieved its eighth consecutive quarter of Adjusted EBITDA improvement, narrowing the loss to $(0.37) million. Roadzen also announced the definitive agreement to acquire a leading European MGA, expected to add $18-20 million in annual revenue and $1.6-2.0 million in EBITDA, supporting a target of over $100 million annualized run rate. Operational highlights included securing over $30 million in new contracted revenue and two new patents.
Key Highlights
- Acquisition of European MGA expected to add $18-20M annual revenue, $1.6-2.0M EBITDA.
- Q1 FY2027 revenue increased 49% YoY to a record $16.2 million.
- Adjusted EBITDA loss narrowed 73% YoY to $(0.37) million.
- Exited quarter at $65 million annualized revenue run rate, targeting $100+ million.
- Secured over $30 million in new contracted revenue during the quarter.
- Net loss attributable to shareholders was $(9.8) million, or $(0.12) per share.
- drivebuddyAI secured two new patents for AI-based road-hazard detection.
- Roadzen was added to the Russell 2000 and Russell 3000 indices.
Price Impact
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