Rent.com.au Achieves Record $1.35M Revenue and Second Straight Positive Operating Cashflow Quarter in June 2026

Rent.com.au Sets New Revenue Record and Sustains Positive Operating Cashflow

For the quarter ended 30 June 2026, Rent.com.au achieved its highest quarterly revenue ever, totaling $1.35 million. This represents a 48% increase compared to the same quarter last year and a 12% uplift from the previous quarter, which was the company’s prior record. Achieving two consecutive quarters of positive operating cashflow signals Rent.com.au’s progress toward its targeted financial sustainability, marking a pivotal moment in its operational growth.

CEO Jan Ferreira stated that the record revenue and strong operating cashflow growth demonstrate the company is "achieving the sustainability we've long sought" while continuing to execute its platform strategy focused on helping renters build financial resilience. Ferreira highlighted that the company is at "a significant inflection point, with a clear strategy, strong operational momentum, and approximately $13 million in cash and undrawn debt to drive growth." This reflects management’s confidence in both near-term execution and long-term viability amid a challenging Australian rental market.

RentBond® Loans Surpass $10 Million Within 10 Months of Launch

The RentBond® loan product has become a major contributor to Rent.com.au’s financial performance, with over $10 million funded within 10 months of launch. The June quarter saw a record volume of new loans, although the average loan size has slightly decreased as the company adjusts its lending approach to increase accessibility amid cost-of-living pressures and rental market challenges. This strategy balances volume growth with broader renter affordability.

Rent.com.au maintains conservative loan loss provisions and has not observed any credit quality deterioration despite rising rents and macroeconomic pressures. Average asking rents increased over 8% year-on-year with no signs of slowing, which boosts demand for the company’s products. The company introduced a fast-track application process with discounted interest rates for previous RentBond® customers, launched in July 2026. Early data shows existing customers convert at nearly five times the rate of new customers, potentially exceeding the company’s forecasted 50% monthly funding uplift from this channel.

Recurring Revenue Surpasses $1 Million Per Quarter, Comprising 75% of Total Revenue

Recurring revenue, a key measure of platform stability and sustainable earnings, exceeded $1 million per quarter for the first time in June 2026. This reflects a 212% year-on-year increase and a 26% sequential rise from Q3 FY26. Recurring revenue now accounts for 75% of total group revenue, surpassing the company’s June 2026 target and indicating a shift toward predictable, contracted income streams. This is a crucial metric for investors tracking Rent.com.au’s path to profitability and operational steadiness.

The recurring revenue growth is driven by an expanding customer base using RentBond® and related services, alongside increased adoption of bill payment and financial management tools. The company is intentionally developing complementary products to help renters manage budgets and build financial capacity, diversifying income streams while addressing customer needs. This strategy aligns with management’s vision of delivering sustainable shareholder returns while supporting renters.

Operating Cashflow Nearly Doubles Year-on-Year Fueled by RentBond® Repayments

Operating cashflow for the June 2026 quarter reached $1.185 million, nearly doubling from the prior year and significantly improving from $516,000 in Q3 FY26. This was driven by a 154% year-on-year increase in customer receipts, totaling $3.125 million for the quarter, a 28% increase over the March 2026 quarter. RentBond® loan repayments provide a steady inflow of customer payments, directly supporting operating cashflow and business sustainability.

EBITDA improved 25% quarter-on-quarter and remains on track to reach breakeven by December 2026, per company guidance. Despite rising revenue, payments to staff and suppliers were $1.718 million for the quarter, only slightly below the $1.743 million in Q3 FY26, reflecting disciplined cost management. Achieving breakeven EBITDA within the calendar year is a key milestone for investors assessing Rent.com.au’s financial independence and growth funding capacity without dilutive capital raises.

Platform Restructured into Five Categories to Enhance Integration and Cross-Selling

Rent.com.au reorganized its platform into five categories: Payments & Bills, Savings & Investments, Loan Products, Insurance Products, and Listings, Advice & Support. This restructuring aims to deliver a seamless user experience and boost cross-selling opportunities. For instance, RentBond® loan customers can now easily transition to using RentPay for rent or bill payments within the platform, increasing customer lifetime value and engagement.

During the June quarter, focus was on optimizing loan products, particularly RentBond®. The company onboarded referral partners Homely and Muval, with channel optimization scheduled for Q1 FY27. Additionally, a fast-track application with discounted rates for previous RentBond® customers launched in July 2026, with early results showing conversion rates nearly five times higher than new customers, indicating significant untapped volume potential and strong product-market fit.

Bill Payment and Savings Product Expansion Planned for Q1 FY27

Looking forward to the September 2026 quarter, Rent.com.au plans to broaden bill payment options beyond rent, electricity, and gas to include internet, insurance, and other services. The platform will also introduce features enabling renters to save money on these payments, creating new revenue opportunities through partnerships and vendor arrangements. This expansion addresses a key renter pain point and allows the company to capture transaction value across more household expenses.

The company also intends to expand savings products, building on interest earned on wallet balances to offer renters higher returns, helping them meet financial goals faster while improving company margins. Initial rollout will be via partnerships, with potential for expansion after securing appropriate licensing. This approach positions Rent.com.au as a comprehensive financial services platform for renters, spanning lending, bill payment, and savings solutions, while managing risk through phased implementation.

Strong Balance Sheet with $13 Million in Available Capital to Support Growth

As of 30 June 2026, Rent.com.au held $6.6 million in cash and $6.25 million in undrawn debt capacity, totaling approximately $13 million in available funding. This robust financial position enables the company to invest in growth initiatives, product development, and marketing without immediate capital raises. During the quarter, the company invested an additional $1 million with the Eldium Income Fund as cash security for its debt facility, totaling $2.5 million earning 9% annual interest paid monthly, providing returns on reserves while securing favorable debt terms.

The company drew $2.25 million more under the Eldium facility and used some cash reserves to fund RentBond® lending. This balanced capital structure management supports growth while maintaining balance sheet strength. Compared to earlier periods requiring significant equity funding (Q1 FY26: $3.08 million; Q2 FY26: $5.656 million), Q4 FY26 required no equity funding, demonstrating increasing self-funding through operating cashflow and debt facilities.

Related Party Payments and Governance Transparency

Related party payments totaled $119,000 during the June 2026 quarter, including $68,000 in directors’ fees and $51,000 for office rent and outgoings paid to entities linked to Dr Garside. The office lease was approved by shareholders at the November 2024 AGM, ensuring transparency. These payments represent approximately 8.8% of total group revenue for the quarter and comply with ASX Listing Rule disclosure requirements, reflecting sound governance practices.

Managing Rental Market Challenges While Expanding Market Presence

Operating amid rising rental prices and affordability pressures, Rent.com.au noted average asking rents increased over 8% year-on-year with no signs of slowing. This environment boosts demand for RentBond® and related services but may strain renters’ creditworthiness. The company’s strategy to moderate loan sizes and maintain conservative credit loss provisions balances growth with risk management in a constrained market.

As Australia’s leading renter platform, Rent.com.au benefits from scale in a competitive market. Its recurring revenue model and expanding bill payment and savings offerings create multiple customer touchpoints and higher switching costs, potentially insulating it from commoditization. However, the announcement provides limited data on competitive positioning or market share trends, leaving investor insight into relative market performance incomplete.

On Track for EBITDA Breakeven and Improving Capital Efficiency

Rent.com.au’s guidance to achieve EBITDA breakeven by December 2026 marks a significant step toward financial self-sufficiency. This is supported by a 25% quarter-on-quarter EBITDA improvement in Q4 FY26 and a recurring revenue base now comprising 75% of total revenue. Breakeven EBITDA would demonstrate operational cashflow sufficiency, reducing reliance on capital raises or debt and improving shareholder risk profile.

Software development costs remained stable at approximately $500,000 to $560,000 per quarter, while new customer loans ranged from $2.6 million to $2.9 million quarterly. Total capital deployed for software and loans declined to $2.124 million in Q4 FY26 from a peak of $3.47 million in Q2 FY26, indicating better capital efficiency. However, the company did not provide forward capital expenditure guidance, limiting visibility on profitability trajectory beyond the EBITDA breakeven target.