Rent.com.au has achieved a record quarterly revenue exceeding $1 million, driven by strong recurring income from its RentBond® and RentPay products. This milestone underscores the company’s evolving business model and solid financial footing.
- Record quarterly revenue surpasses $1 million for the first time
- 34% year-on-year revenue growth
- 67% of revenue derived from recurring sources RentBond® and RentPay
- Strong cash position with $7.5 million cash and $5 million undrawn debt
- On track for cashflow positivity by end of 2026
Record Revenue Milestone
Rent.com.au Limited (ASX, RNT) has marked a significant financial milestone by reporting quarterly revenue exceeding $1 million for the first time in its history. This achievement reflects a 34% increase compared to the same quarter last year, signalling robust growth in a market that has traditionally been challenging for proptech companies.
Recurring Revenue Drives Growth
The company attributes much of this success to its focus on recurring revenue streams, particularly through its flagship products RentBond® and RentPay. Together, these services accounted for 67% of the quarter’s revenue, highlighting the strength and stickiness of Rent.com.au’s customer base. RentBond® offers renters a move-now-pay-later loan to cover bond payments and moving expenses, while RentPay provides a digital platform for rent payments and money management, streamlining the rental experience for both tenants and agents.
Financial Health and Future Outlook
Rent.com.au’s balance sheet remains well capitalised, with $7.5 million in cash and an additional $5 million in undrawn debt facilities as of 31 December 2025. The company also secured a further $1.6 million in early January, bolstering its financial flexibility. CEO Jan Ferreira emphasised the significance of achieving this revenue milestone during a seasonally softer quarter, underscoring the resilience of the company’s evolving business model.
Looking ahead, Rent.com.au is targeting cashflow positivity by the end of 2026, a goal that appears increasingly attainable given the current momentum. The company plans to release its full quarterly results and Appendix 4C filing with the ASX on 30 January 2026, which will provide further insights into its financial performance and operational progress.
Positioning in the Australian Rental Market
With Australia’s rental market comprising approximately 8 million renters, Rent.com.au is well positioned to capitalise on its integrated platform that combines search, financial products, and digital tools tailored to renters’ needs. The company’s strong brand recognition and growing user base of recurring product customers provide a solid foundation for scaling its services and delivering sustainable, margin-accretive growth.
Bottom Line?
Rent.com.au’s record revenue quarter signals growing momentum, but investors will watch closely for sustained cashflow improvements.
Questions in the middle?
- How sustainable is the growth in recurring revenue beyond RentBond® and RentPay?
- What are the detailed margins and profitability metrics behind this revenue milestone?
- How will Rent.com.au leverage its strong cash position to accelerate growth or innovation?