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Roadzen Valuation Multiples
Discover revenue and EBITDA valuation multiples for Roadzen and similar public comparables like Health In Tech, RS2, Xp Industrial FII, Spectra Systems and more.
Roadzen Overview
About Roadzen
Roadzen Inc is an insurance technology company on a mission to transform auto insurance powered by AI. Its clients comprise insurers, fleets, and carmakers to small fleets, brokers, and insurance agents that use Roadzen’s technology to build new products, sell insurance, process claims, and improve road safety. The company's work in telematics and computer vision has earned recognition as an AI innovator by publications such as Forbes, Fortune, and Financial Express.
Founded
2015
HQ
Employees
308
Website
Financials (LTM)
EV
$118M
Roadzen Financials
Roadzen reported last 12-month revenue of $56M and negative EBITDA of ($3M).
In the same LTM period, Roadzen generated $33M in gross profit, ($3M) in EBITDA losses, and had net loss of ($21M).
Revenue (LTM)
Roadzen P&L
In the most recent fiscal year, Roadzen reported revenue of $44M and EBITDA of ($8M).
Roadzen expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $56M | XXX | $44M | XXX | XXX | XXX |
| Gross Profit | $33M | XXX | $25M | XXX | XXX | XXX |
| Gross Margin | 60% | XXX | 57% | XXX | XXX | XXX |
| EBITDA | ($3M) | XXX | ($8M) | XXX | XXX | XXX |
| EBITDA Margin | (5%) | XXX | (19%) | XXX | XXX | XXX |
| EBIT Margin | (18%) | XXX | (137%) | XXX | XXX | XXX |
| Net Profit | ($21M) | XXX | ($73M) | XXX | XXX | XXX |
| Net Margin | (38%) | XXX | (165%) | XXX | XXX | XXX |
| Net Debt | — | — | $18M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Roadzen Stock Performance
Roadzen has current market cap of $93M, and enterprise value of $118M.
Market Cap Evolution
Roadzen's stock price is $1.17.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $118M | $93M | -1.0% | XXX | XXX | XXX | $-0.91 |
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Start Free TrialRoadzen Valuation Multiples
Roadzen trades at 2.1x EV/Revenue multiple, and (38.8x) EV/EBITDA.
EV / Revenue (LTM)
Roadzen Financial Valuation Multiples
As of April 17, 2026, Roadzen has market cap of $93M and EV of $118M.
Equity research analysts estimate Roadzen's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Roadzen has a P/E ratio of (4.5x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $93M | XXX | $93M | XXX | XXX | XXX |
| EV (current) | $118M | XXX | $118M | XXX | XXX | XXX |
| EV/Revenue | 2.1x | XXX | 2.7x | XXX | XXX | XXX |
| EV/EBITDA | (38.8x) | XXX | (14.0x) | XXX | XXX | XXX |
| EV/EBIT | (11.9x) | XXX | (1.9x) | XXX | XXX | XXX |
| EV/Gross Profit | 3.5x | XXX | 4.6x | XXX | XXX | XXX |
| P/E | (4.5x) | XXX | (1.3x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (6.3x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Roadzen Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Roadzen Margins & Growth Rates
Roadzen's revenue in the last 12 month grew by 62%.
Roadzen's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.3M for the same period.
Roadzen's rule of 40 is 59% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Roadzen's rule of X is 140% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Roadzen Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 62% | XXX | 22% | XXX | XXX | XXX |
| EBITDA Margin | (5%) | XXX | (19%) | XXX | XXX | XXX |
| EBITDA Growth | (339%) | XXX | (58%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 59% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 140% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 49% | XXX | 65% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 24% | XXX | 116% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 2% | XXX | 9% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 195% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Roadzen Public Comps
See public comps and valuation multiples for other Financial Services Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Roadzen | XXX | XXX | XXX | XXX | XXX | XXX |
| Health In Tech | XXX | XXX | XXX | XXX | XXX | XXX |
| RS2 | XXX | XXX | XXX | XXX | XXX | XXX |
| Xp Industrial FII | XXX | XXX | XXX | XXX | XXX | XXX |
| Spectra Systems | XXX | XXX | XXX | XXX | XXX | XXX |
| Matica Fintec | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Roadzen M&A Activity
Roadzen acquired XXX companies to date.
Last acquisition by Roadzen was on XXXXXXXX, XXXXX. Roadzen acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Roadzen
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialRoadzen Investment Activity
Roadzen invested in XXX companies to date.
Roadzen made its latest investment on XXXXXXXX, XXXXX. Roadzen invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Roadzen
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Roadzen
| When was Roadzen founded? | Roadzen was founded in 2015. |
| Where is Roadzen headquartered? | Roadzen is headquartered in United States. |
| How many employees does Roadzen have? | As of today, Roadzen has over 308 employees. |
| Who is the CEO of Roadzen? | Roadzen's CEO is Rohan Malhotra. |
| Is Roadzen publicly listed? | Yes, Roadzen is a public company listed on Nasdaq. |
| What is the stock symbol of Roadzen? | Roadzen trades under RDZN ticker. |
| When did Roadzen go public? | Roadzen went public in 2023. |
| Who are competitors of Roadzen? | Roadzen main competitors are Health In Tech, RS2, Xp Industrial FII, Spectra Systems. |
| What is the current market cap of Roadzen? | Roadzen's current market cap is $93M. |
| What is the current revenue of Roadzen? | Roadzen's last 12 months revenue is $56M. |
| What is the current revenue growth of Roadzen? | Roadzen revenue growth (NTM/LTM) is 62%. |
| What is the current EV/Revenue multiple of Roadzen? | Current revenue multiple of Roadzen is 2.1x. |
| Is Roadzen profitable? | No, Roadzen is not profitable. |
| What is the current EBITDA of Roadzen? | Roadzen has negative EBITDA and is not profitable. |
| What is Roadzen's EBITDA margin? | Roadzen's last 12 months EBITDA margin is (5%). |
| What is the current EV/EBITDA multiple of Roadzen? | Current EBITDA multiple of Roadzen is (38.8x). |
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