Roadzen Inc. Files 10-Q for Q3 FY2025

TL;DR

Roadzen Inc. 10-Q filed for Q3 FY25. Financials and operations update.

AI Summary

Roadzen Inc. filed its 10-Q for the period ending December 31, 2024. The filing covers the third quarter of fiscal year 2025. Key financial data and business activities for this period are detailed within the report.

Why It Matters

This 10-Q filing provides investors and stakeholders with a crucial update on Roadzen Inc.'s financial performance and operational status as of the end of the third quarter of fiscal year 2025.

Risk Assessment

Risk Level: medium — The filing is a standard quarterly report, but the specific financial details and any forward-looking statements will determine the actual risk level.

Key Numbers

• Q3 2025 — Fiscal Quarter (The reporting period for this 10-Q filing.)
• 03-31 — Fiscal Year End (Indicates the company's fiscal year concludes on March 31st.)

Key Players & Entities

• Roadzen Inc. (company) — Filer of the 10-Q
• Vahanna Tech Edge Acquisition I Corp. (company) — Former name of Roadzen Inc.
• 2024-12-31 (date) — Period end date for the 10-Q filing
• 20250212 (date) — Filing date of the 10-Q

FAQ

Key Financial Figures

• $0.0001 — registered Ordinary Shares, par value $0.0001 per share RDZN The Nasdaq Stock Mar
• $11.50 — ary Share, each at an exercise price of $11.50 per share RDZNW The Nasdaq Stock Ma
• $ — idated Balance Sheets (Unaudited) (in $, except per share data and share count)

Filing Documents

• rdzn-20241231.htm (10-Q) — 3760KB
• rdzn-ex31_1.htm (EX-31.1) — 27KB
• rdzn-ex31_2.htm (EX-31.2) — 27KB
• rdzn-ex32_1.htm (EX-32.1) — 12KB
• rdzn-ex32_2.htm (EX-32.2) — 11KB
• 0000950170-25-018867.txt ( ) — 17602KB
• rdzn-20241231.xsd (EX-101.SCH) — 1959KB
• rdzn-20241231_htm.xml (XML) — 4135KB

– Financial Information

PART I – Financial Information ITEM 1.

Financial Statements ( Unaudited )

Financial Statements ( Unaudited ) Condensed Consolidated Balance Sheets as of December 31, 2024 and March 31, 2024 1 Condensed Consolidated Statements of Operations for the Three and Nine Months Ended December 31, 2024 and 2023 2 Condensed Consolidated Statements of Comprehensive Loss for the Three and Nine Months Ended December 31, 2024 and 2023 3 Condensed Consolidated Statement of Shareholders' deficit 4 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended December 31, 2024 and 2023 5 Notes to Condensed Consolidated Financial Statements 6 ITEM 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 36 ITEM 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 52 ITEM 4.

Controls and Procedures

Controls and Procedures 52

- Other Information

PART II- Other Information 53 ITEM 1.

Legal Proceedings

Legal Proceedings 53 ITEM 1A.

Risk Factors

Risk Factors 53 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 53 ITEM 3. Defaults Upon Senior Securities 53 ITEM 4. Mine Safety Disclosures 53 ITEM 5. Other Information 53 ITEM 6. Exhibits 53 S IGNATURES i Cautionary Note Regarding Forward-Looking Statements Throughout this section, references to "Roadzen," "we," "us," and "our" refer to Roadzen Inc. and its consolidated subsidiaries as the context so requires. This Quarterly Report on Form 10-Q includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "could," "would," "expect," "plan," "anticipate," "believe," "estimate," and "continue," or the negative of such terms or other similar expressions. Such statements include, but are not limited to, statements regarding our strategy, expansion plans, future operations, future operating results, planned capital raises and balance sheet restructuring, estimated revenues (including from new contracts and joint ventures), losses, projected costs, prospects, plans and objectives of management, as well as all other statements other than statements of historical fact included in this Form 10-Q. Factors that might cause or contribute to such a discrepancy include, but are not limited to, those desc

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION I tem 1 . Financial Statements (Unaudited): Roadzen Inc. Condensed Consolidated Balance Sheets (Unaudited) (in $, except per share data and share count) The accompanying notes are an integral part of these consolidated financial statements . Particulars As of December 31, As of March 31, Notes 2024 2024 Assets Current assets: Cash and cash equivalents 3 5,812,935 11,186,095 Accounts receivable, net 4 2,872,912 3,652,380 Inventories 114,504 70,667 Prepayments and other current assets 5 17,122,299 34,426,335 Investments 71,316 507,094 Total current assets 25,993,966 49,842,571 Non current assets Restricted cash 17,056 378,993 Non marketable securities 6 1,514,796 1,514,796 Property and equipment, net 7 202,092 454,589 Goodwill 18 2,038,911 2,061,553 Operating lease right-of-use assets 915,922 822,327 Intangible assets, net 8 1,101,975 2,989,604 Other long-term assets 9 217,292 71,913 Total assets 32,002,010 58,136,346 Liabilities and stockholders' deficit Current liabilities Current portion of long-term borrowings 13 3,291,078 2,228,471 Short-term borrowings 13 19,392,410 15,754,829 Accounts payable and accrued expenses 33,507,926 38,492,487 Derivative warrant liabilities 3,122,987 5,585,955 Short-term operating lease liabilities 361,712 358,802 Other current liabilities 11 1,687,329 3,231,962 Total current liabilities 61,363,442 65,652,506 Long-term borrowings 13 117,121 1,472,933 Long-term operating lease liabilities 354,766 268,856 Other long-term liabilities 14 641,084 1,241,917 Total liabilities 62,476,413 68,636,212 Shareholders' deficit Ordinary Shares and additional paid in capital, $ 0.0001 par value per share, 220,000,000 shares authorized as of December 31 2024 and March 31, 2024; 71,968,686 and 68,440,829 shares out

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