Rent.com.au has reported its strongest quarter yet, breaking the $1 million revenue mark with a significant surge in recurring revenue driven by its RentPay and RentBond products.
- Record quarterly revenue exceeds $1 million, up 34% year-on-year
- Recurring revenue grows 155% year-on-year, now 67% of total revenue
- Operating cash flow improves 40%, supported by a $750k R&D grant
- RentBond loan originations average over $1 million per month
- Strong cash position with $7.5 million on hand plus recent capital raises
Record Revenue Milestone
Rent.com.au Limited (ASX – RNT), Australia's leading renter-focused fintech platform, has delivered a landmark quarter ending December 2025, posting total group revenue exceeding $1 million for the first time. This represents a 34% increase compared to the same period last year, underscoring the company’s accelerating growth trajectory.
The milestone is particularly notable given the traditionally slower rental market during the December quarter, highlighting the strength of Rent.com.au’s evolving business model.
Recurring Revenue Takes Centre Stage
Driving this growth is a remarkable 155% year-on-year increase in recurring revenue, which now accounts for 67% of the Group’s quarterly revenue. This shift is largely attributed to the expanding adoption of RentPay, a digital rent payment and money management app, and RentBond®, a move-now-pay-later loan product designed to cover rental bonds and related expenses.
RentBond® loan originations averaged over $1 million per month during the quarter, with the company projecting more than $1 million in future revenue from loans already processed. The recurring nature of these products is positioning Rent.com.au for sustainable, long-term revenue streams.
Improved Cash Flow and Strong Funding
Operating cash flow improved by 40% year-on-year, bolstered by a $750,000 research and development grant received during the quarter. Rent.com.au ended December 2025 with $7.5 million in cash, supplemented by $1.6 million raised in January 2026 from the exercise of listed options, and access to $5 million in undrawn debt facilities.
This robust financial position provides the company with a substantial runway to continue investing in growth initiatives and scaling its platform.
Strategic Outlook and Growth Momentum
CEO Jan Ferreira highlighted that the company is on track to meet its 2026 targets, which include doubling monthly revenue and operating cash flow, achieving positive EBITDA, and increasing recurring revenue to over 70% of total revenue. With approximately $14 million in combined cash and debt facilities, Rent.com.au is well capitalised to execute its growth strategy.
Enhancements to the Rent.com.au listings site and ongoing development of proprietary credit decisioning tools signal a continued focus on optimising customer experience and operational efficiency.
Navigating the Rental Fintech Landscape
As the Australian rental market, estimated at $85 billion annually, continues to evolve, Rent.com.au’s integrated platform combining search, financial services, and smart tools positions it uniquely to capture increasing market share. The company’s ability to convert one-off revenues into recurring income streams will be critical to sustaining its growth and delivering shareholder value.
Bottom Line?
With record revenue and recurring income gains, Rent.com.au is poised for a pivotal year ahead, but sustaining momentum will require continued innovation and market penetration.
Questions in the middle?
- Can Rent.com.au sustain its rapid recurring revenue growth beyond 2026?
- How will competitive pressures in rental fintech impact Rent.com.au’s market share?
- What are the risks associated with RentBond® loan performance and credit exposure?