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Roadzen Inc.

For the period ended Jun 30, 2025. Filed Aug 13, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 13, 2025

RDZN$1.18+6.3%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2025

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________ to _________

Commission File Number:001-41094

ROADZEN INC.

(Exact Name of Registrant as Specified in Its Charter)

British Virgin Islands98-1600102
(State or Other Jurisdiction of Incorporation or Organization)(I.R.S. Employer Identification No.)
111 Anza Blvd., Suite 109 Burlingame, California94010
(Address of Principal Executive Offices)(Zip Code)

Registrant’s telephone number, including area code:650-414-3530

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Ordinary Shares, par value $0.0001 per shareRDZNThe Nasdaq Stock Market LLC
Warrants, each warrant exercisable for one Ordinary Share, each at an exercise price of $11.50 per shareRDZNWThe Nasdaq Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 15 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 15 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☒Smaller reporting company☒
Emerging growth company☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No☒

As of August 8, 2025, there were 76,021,755 Ordinary Shares, $0.0001 par value per share, issued and outstanding.

TABLE OF CONTENTS

Page
Cautionary Note Regarding Forward-Looking Statements
PART I – Financial Information
ITEM 1. · Financial Statements (Unaudited)
Condensed Consolidated Balance Sheets as of June 30, 2025 and March 31, 20251
Condensed Consolidated Statements of Operations for the Three Months Ended June 30, 2025 and 20242
Condensed Consolidated Statements of Comprehensive Loss for the Three Months Ended June 30, 2025 and 20244
Condensed Consolidated Statement of Shareholders’ deficit5
Condensed Consolidated Statements of Cash Flows for the Three Months Ended June 30, 2025 and 20243
Notes to Condensed Consolidated Financial Statements6
ITEM 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations34
ITEM 3.Quantitative and Qualitative Disclosures About Market Risk51
ITEM 4.Controls and Procedures51
PART II- Other Information52
ITEM 1.Legal Proceedings52
ITEM 1A.Risk Factors52
ITEM 2.Unregistered Sales of Equity Securities and Use of Proceeds53
ITEM 3.Defaults Upon Senior Securities53
ITEM 4.Mine Safety Disclosures53
ITEM 5.Other Information53
ITEM 6.Exhibits53
SIGNATURES

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