RMA Global Limited has reported its first full year of positive operating cash flow alongside accelerating revenue growth in both the US and ANZ markets, driven by strategic product launches and expanded brokerage partnerships.
- First full year of positive operating cash flow at $0.3 million
- Group recurring revenue up 13% to $20.7 million for FY25
- US subscription revenue grows 55% in Q4 FY25, driven by Curated Social
- ANZ revenue increases 11% with improved retention and leadership
- Launch of Social Studio platform gains strong early demand in the US
A Milestone Year for RMA Global
RMA Global Limited (ASX, RMY) closed FY25 on a high note, reporting its first full year of positive operating cash flow; a significant turnaround from the $3.1 million outflow in FY24. The company posted $0.3 million in operating cash inflows for the year, underscoring a shift towards financial sustainability. Cash reserves stood at a healthy $4 million as of June 30, 2025.
This financial improvement coincided with robust revenue growth, with group recurring revenue climbing 13% year-on-year to $20.7 million. The momentum was particularly strong in the US market, where subscription revenue surged 55% in Q4 FY25 compared to the prior year, largely fueled by the integration of Curated Social and expanded brokerage partnerships. Even excluding Curated Social, organic growth remained positive at 5%.
Strategic Product Innovation and Market Expansion
RMA’s product evolution has been central to its growth story. The launch of Social Studio in the US, a comprehensive social media toolkit designed for real estate agents, has been met with strong early demand. This platform integrates automated content, branding support, and data-driven insights, helping agents maintain visibility between transactions; a critical advantage in a competitive market.
Meanwhile, the ANZ business continued to deliver steady performance, with revenue up 11% year-on-year. This growth was supported by reduced customer churn and a revitalized leadership team driving improved sales execution. The company plans to introduce Social Studio to the ANZ region, leveraging positive feedback from the US rollout to capture further market share.
Operational Efficiency and Leadership Confidence
Operationally, RMA has demonstrated disciplined execution, achieving four consecutive quarters of positive operating cash flow. CEO Jim Crisera highlighted the strategic importance of these results, emphasizing the company’s focus on equipping agents and brokerages with integrated solutions that enhance their market presence.
Chairman David Williams echoed this optimism, noting the transformation achieved in FY25 and the promising response from US brokerages. With a strengthened leadership team and a clear growth strategy, RMA is positioned to build on its momentum in FY26, aiming to deliver sustainable shareholder value.
Navigating Market Challenges
Despite a subdued US housing market marked by elevated interest rates and low transaction volumes, RMA has successfully expanded its agent base to over 375,000 users, with nearly one million verified reviews. The company’s focus on the top-performing 30% of agents, who drive the majority of transactions, remains a cornerstone of its strategy to deepen market penetration and upsell value-added services.
Looking ahead, RMA’s ability to sustain growth will depend on continued innovation, effective integration of acquisitions like Curated Social, and the successful rollout of Social Studio in ANZ. The company’s financial discipline and market traction provide a solid foundation, but macroeconomic factors in the US housing sector remain a watchpoint for investors.
Bottom Line?
RMA Global’s FY25 results mark a turning point, setting the stage for accelerated growth amid evolving market dynamics.
Questions in the middle?
- How will RMA sustain organic growth beyond Curated Social’s contribution?
- What impact will Social Studio’s ANZ launch have on revenue and market share?
- How might ongoing US housing market softness affect RMA’s expansion plans?