Roadzen Inc. balance sheet
At the end of fiscal 2026, Roadzen Inc. had total assets of $52.7m, total liabilities of $79.2m and shareholders' equity of −$29.6m. It held $6.6m in cash against $33.3m of debt.
Balance sheet
| Fiscal year | 2023Mar 2023 | 2024Mar 2024 | 2025Mar 2025 | 2026Mar 2026 | LTMJun 2026 |
|---|---|---|---|---|---|
| Cash and equivalents | 1 | 11 | 5 | 7 | 6 |
| Receivables | 2 | 4 | 3 | 8 | 7 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Total current assets | 5 | 50 | 27 | 32 | 26 |
| Goodwill | 1 | 2 | 2 | 8 | 8 |
| Total assets | 15 | 58 | 33 | 53 | 48 |
| Accounts payable | 2 | 23 | 17 | 15 | 11 |
| Deferred revenue (current) | 0 | 1 | 1 | 1 | 1 |
| Total current liabilities | 17 | 66 | 57 | 58 | 59 |
| Short-term debt | 3 | 2 | 3 | 10 | 13 |
| Long-term debt | 1 | 1 | 0 | 16 | 14 |
| Total debt | 11 | 20 | 24 | 33 | 33 |
| Total liabilities | 18 | 69 | 58 | 79 | 78 |
| Shareholders' equity | −51 | −10 | −25 | −30 | −34 |
| Non-controlling interests and other (assets − liabilities − equity) | 48 | — | — | 3 | 3 |
| Shares outstanding | 17m | — | 74m | 80m | 85m |
| Quarter | 2025 Q2Sept 2024 | 2025 Q3Dec 2024 | 2025 Q4Mar 2025 | 2026 Q1Jun 2025 | 2026 Q2Sept 2025 | 2026 Q3Dec 2025 | 2026 Q4Mar 2026 | 2027 Q1Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 3 | 3 | 3 | 3 | 3 | 4 | 8 | 7 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total current assets | 23 | 26 | 27 | 27 | 34 | 34 | 32 | 26 |
| Goodwill | 2 | 2 | 2 | 2 | 2 | 4 | 8 | 8 |
| Total assets | 29 | 32 | 33 | 33 | 42 | 45 | 53 | 48 |
| Accounts payable | 20 | 19 | 17 | 17 | 15 | 15 | 15 | 11 |
| Deferred revenue (current) | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Total current liabilities | 61 | 61 | 57 | 61 | 61 | 63 | 58 | 59 |
| Short-term debt | 2 | 3 | 3 | 3 | 6 | 6 | 10 | 13 |
| Long-term debt | 1 | 0 | 0 | 0 | 5 | 5 | 16 | 14 |
| Total debt | 4 | 3 | 3 | 3 | 11 | 11 | 25 | 26 |
| Total liabilities | 63 | 62 | 58 | 62 | 62 | 69 | 79 | 78 |
| Shareholders' equity | −33 | −29 | −25 | −28 | −28 | −27 | −30 | −34 |
| Non-controlling interests and other (assets − liabilities − equity) | −1 | −1 | — | −1 | 7 | 3 | 3 | 3 |
| Shares outstanding | 68m | 72m | 74m | 74m | 76m | 79m | 80m | 85m |
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