Rent.com.au hits record $1.2m revenue and first positive operating cashflow in Q3 FY26

Positive Operating Cashflow Marks a Turning Point

Rent.com.au (ASX:RNT) has crossed a significant financial threshold, delivering positive operating cashflow of $0.5 million for the first time in its history during Q3 FY26. This achievement coincides with a record quarterly revenue of $1.2 million, representing a 30% increase compared to the prior year and 20% growth on the previous quarter. The company’s CEO Jan Ferreira described the quarter as a "landmark" moment, highlighting the 22% quarter-on-quarter EBITDA improvement and the ongoing shift towards financial sustainability.

Recurring Revenue Growth Drives Momentum

Recurring revenue surged by 168% year-on-year to $0.8 million, maintaining a strong 67% share of total revenue. This growth is largely underpinned by RentBond® loans, which averaged over $1 million funded monthly throughout the quarter, and the RentPay platform. The company’s strategic pivot to a freemium payments model in March 2026 has helped reduce churn and re-engage agency partners by removing subscription fees for standard payment types, while repricing premium payment options to maintain average revenue per user.

These developments build on Rent.com.au’s recent financial progress, following a quarter where the company surpassed $1 million in revenue and saw recurring income soar 155% surpasses $1M revenue. The ongoing focus on recurring revenue streams is critical as the company targets the estimated $85 billion Australian rental market.

Platform Expansion and Product Innovation

Beyond payments, Rent.com.au is broadening its platform across five categories: payments, savings and investments, loans, insurance products, and advice & bills. Notably, the launch of interest on RentPay wallet balances incentivises renters to pay rent early and build financial resilience. Meanwhile, enhancements to RentBond® loans, including in-house funding of approximately 50% of new loans, have halved interest costs and materially improved loan profitability.

Looking ahead, the company plans to consolidate RentBond® onto its core platform to enable better cross-selling and expand bill payments functionality. A new property portal referral partnership signed in late March is expected to further accelerate growth in the June quarter.

Robust Funding Position Supports Growth Strategy

Rent.com.au’s balance sheet remains solid with $7.5 million in cash and $8.5 million in undrawn debt as of 31 March 2026. The company secured a $15 million senior debt facility extension with Eldium Income Fund, increasing available funding by $5 million and extending the term to July 2027. This facility supports ongoing growth initiatives and reflects the company’s improved credit profile. The company’s recent investment of $1 million as security for the facility earns 8.5% interest per annum, adding to financial flexibility.

These funding developments complement operational progress and provide a runway for Rent.com.au to scale its integrated platform and deepen its foothold in the renter fintech space.