Roadzen (RDZNW) Gross Margin (2022 - 2025)

Roadzen's (RDZNW) quarterly Gross Margin came in at 48.61% in Q4 2025, up 1198.0% year-on-year from 3.74% in Q4 2024, and down 10.47% quarter-over-quarter from 54.29% in Q3 2025.

Roadzen (RDZNW) Gross Margin (2022 - 2025) Analysis & Trends

Roadzen has disclosed Gross Margin across 4 years of filings, most recently posting 48.61% for Q4 2025.

  • Gross Margin for Q4 2025 came in at 48.61%, up 1198.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 66.09% (up 108.0% YoY), and the FY2025 annual result was 57.48%, down 371.0% from the prior year.
  • Gross Margin came in at 48.61% for Q4 2025 at Roadzen, down from 54.29% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 165.3% in Q1 2024 to a low of 28.8% in Q4 2023.
  • The 4-year median for Gross Margin is 48.17% (2022), against an average of 58.78%.
  • Peak annual rise in Gross Margin reached 2232 bps in 2025, while the deepest fall reached 4158 bps in 2025.
  • Roadzen's Gross Margin stood at 54.39% in 2022, then tumbled by 47 bps to 28.8% in 2023, then advanced by 27 bps to 36.63% in 2024, then soared by 33 bps to 48.61% in 2025.
  • The last three Gross Margin figures came in at 48.61% (Q4 2025), 54.29% (Q3 2025), and 43.56% (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Sap Se 257.53 Bn 239.56 Bn 8.16 Bn 72.98%
2 Full Truck Alliance 171.61 Bn 169.06 Bn - -
3 Salesforce 152.15 Bn 140.31 Bn 8.56 Bn 76.92%
4 Uber Technologies 144.45 Bn 143.41 Bn 11.88 Bn 89.96%
5 Shopify 144.09 Bn 138.34 Bn 1.55 Bn 48.77%
6 ServiceNow 110.55 Bn 105.37 Bn 2.83 Bn 75.07%
7 Cadence Design Systems 106.32 Bn 104.91 Bn 1.26 Bn 85.65%
8 Adobe 97.77 Bn 90.88 Bn 5.73 Bn 89.62%
9 Automatic Data Processing 93.39 Bn 90.16 Bn 2.87 Bn 48.28%
10 Roadzen - - 6.98 Mn 48.61%

Historic Data

Download Data
DateValue
Dec 31, 2025 48.61%
Sep 30, 2025 54.29%
Jun 30, 2025 43.56%
Mar 31, 2025 123.72%
Dec 31, 2024 36.63%
Sep 30, 2024 31.98%
Jun 30, 2024 35.04%
Mar 31, 2024 165.30%
Dec 31, 2023 28.80%
Sep 30, 2023 58.90%
Jun 30, 2023 34.78%
Dec 31, 2022 54.39%
Sep 30, 2022 48.17%