Rent.com.au Posts Record $1.35m Revenue and Near-Doubles Operating Cashflow

Record Revenue and Cashflow Momentum

Rent.com.au Limited (ASX:RNT) has posted a new quarterly revenue record of $1.35 million for the three months ended 30 June 2026, marking a 48% increase compared to the same quarter last year and a 12% rise over the prior quarter. This revenue growth is underpinned by the rapid expansion of its RentBond® loan product, which has now surpassed $10 million in loans written within just 10 months of launch.

The company’s operating cashflow nearly doubled compared to the March 2026 quarter, driven by RentBond® repayments that lifted customer receipts by 28% quarter-on-quarter and 154% year-on-year. EBITDA improved 25% sequentially and the group remains on track to reach break-even EBITDA by December 2026.

Recurring Revenue Hits New Heights

Recurring revenue, a key focus for Rent.com.au’s platform strategy, passed the $1 million per quarter milestone for the first time, growing 21.2% year-on-year and 2.6% quarter-on-quarter. This now represents 75% of total group revenue, comfortably exceeding the company’s June 2026 target and signalling a more stable and predictable income base.

CEO Jan Ferreira highlighted the significance of sustained positive operating cashflow, noting that the company is “achieving the sustainability we’ve long sought” while continuing to deliver platform innovations designed to help renters build financial resilience.

Platform Expansion and Customer Retention

Rent.com.au is actively optimising its RentBond® product, which remains the primary growth driver. The company has onboarded referral partners such as Homely and Muval, with further channel optimisation planned for the next quarter. A fast-track application process for repeat RentBond® customers launched in July, offering discounted rates and early indications show repeat customers convert at nearly five times the rate of new customers. This could potentially boost monthly loan volumes by 50% or more.

The platform is also expanding bill payment options beyond rent, electricity, and gas to include internet and insurance services, aiming to enhance usability and offer renters savings. Additionally, Rent.com.au plans to grow its savings products, initially through partnerships, to provide renters with better returns on wallet balances once appropriate licensing is secured.

Robust Funding Position Supports Growth

Financially, Rent.com.au is well-positioned with $6.6 million in cash and $6.25 million in undrawn debt at quarter-end, providing ample runway to execute its growth initiatives. During the quarter, the company invested an additional $1 million as cash security for its debt facility with Eldium Income Fund, which pays 9% interest annually. The group also drew down $2.25 million under this facility, supplementing its own cash funding of RentBond® loans.

This strong balance sheet supports Rent.com.au’s ambition to scale its integrated platform and deliver long-term, margin-accretive growth while maintaining a focus on helping renters manage the rising cost of living and rental market pressures.