Roadzen’s First Fiscal Year Report as a Public Company Brings New Institutional Shareholders and a Decline in Stock Price”.

Roadzen, Inc. is experiencing an increase in trading on Tuesday after announcing its first fiscal year report as a public company. The company has been added to several major stock indexes, including the Russell 2000, Russell 3000, and Russell Microcap, attracting new institutional shareholders. Despite this positive news, RDZN stock has seen a decline of over 38% in the last six months.

Revenue for FY24 rose by 245% year over year to $46.7 million, driven by increased revenue from acquisitions in the U.S. and U.K., as well as continued growth in India. In preparation for another successful year in 2025, Jean-Noël Gallardo, Roadzen’s CFO, stated that the company has been focused on simplifying and streamlining its organizational structure and financial reporting protocols.

While gross margin improved slightly to 61.2% in FY24 compared to 60.1% the previous year, the company reported a loss per share of $2.26 for FY24 compared to a loss of $0.86 the previous year