Roadzen (RDZNW) Debt to Equity (2023 - 2025)

Roadzen's (RDZNW) quarterly Debt to Equity came in at -$0.44 in Q4 2025, up 34.13% year-on-year from -$0.33 in Q4 2024, and down 16.34% quarter-over-quarter from -$0.38 in Q3 2025.

Roadzen (RDZNW) Debt to Equity (2023 - 2025) Analysis & Trends

Roadzen has disclosed Debt to Equity across 3 years of filings, most recently posting -$0.44 for Q4 2025.

  • Debt to Equity for Q4 2025 came in at -$0.44, up 34.13% year-over-year; the trailing twelve-month figure through Dec 2025 was -$0.44 (up 34.13% YoY), and the FY2025 annual result was -$0.12, up 93.07% from the prior year.
  • Debt to Equity came in at -$0.44 for Q4 2025 at Roadzen, down from -$0.38 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $2.16 in Q3 2023 to a low of -$16.3 in Q4 2023.
  • The 3-year median for Debt to Equity is -$0.38 (2025), against an average of -$1.68.
  • Peak annual rise in Debt to Equity reached 95.9% in 2024, while the deepest fall reached 976.9% in 2024.
  • Roadzen's Debt to Equity stood at -$16.3 in 2023, then soared by 95.9% to -$0.67 in 2024, then surged by 34.13% to -$0.44 in 2025.
  • The last three Debt to Equity figures came in at -$0.44 (Q4 2025), -$0.38 (Q3 2025), and -$0.11 (Q2 2025), per Business Quant data.
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Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Sap Se 257.53 Bn 239.56 Bn 8.16 Bn 0.13
2 Full Truck Alliance 171.61 Bn 169.06 Bn - 0.00
3 Salesforce 152.15 Bn 140.31 Bn 8.56 Bn 1.15
4 Uber Technologies 144.45 Bn 143.41 Bn 11.88 Bn 0.42
5 Shopify 144.09 Bn 138.34 Bn 1.55 Bn -
6 ServiceNow 110.55 Bn 105.37 Bn 2.83 Bn -
7 Cadence Design Systems 106.32 Bn 104.91 Bn 1.26 Bn 0.44
8 Adobe 97.77 Bn 90.88 Bn 5.73 Bn 0.07
9 Automatic Data Processing 93.39 Bn 90.16 Bn 2.87 Bn 0.63
10 Roadzen - - 6.98 Mn -0.44

Historic Data

Download Data
DateValue
Dec 31, 2025 -0.44
Sep 30, 2025 -0.38
Jun 30, 2025 -0.11
Mar 31, 2025 -0.12
Dec 31, 2024 -0.67
Sep 30, 2024 -0.13
Jun 30, 2024 -0.59
Mar 31, 2024 -1.71
Dec 31, 2023 -16.30
Sep 30, 2023 2.16
Mar 31, 2023 -0.16