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The latest announcement is out from Rent.com.au Ltd ( (AU:RNT) ).
Rent.com.au reported record Q3 FY26 revenue of $1.2 million, up 30% year on year, and delivered its first-ever positive operating cashflow of $0.5 million, marking a key milestone on its path to financial sustainability. Recurring revenue surged 168% versus the prior year to account for 67% of group revenue, EBITDA improved 22% quarter on quarter, and the group closed the period with $7.5 million in cash and $8.5 million in undrawn debt, positioning it well to fund growth.
Operationally, the company advanced its platform strategy with RentPay’s shift to a freemium model, the launch of an interest-bearing savings feature for renters, and expanded in-house funding for RentBond® loans, which has materially improved unit economics. Management will now focus on further revenue and EBITDA gains through RentBond® optimisation, a new property portal referral partnership, expanded bill payments functionality, and deeper product integration across the platform.
More about Rent.com.au Ltd
Rent.com.au Limited is an Australian proptech company that operates a national online platform focused on renters and the residential rental market. Its key offerings include the Rent.com.au property portal, RentPay payments and savings tools, and RentBond® rental bond loan products, targeting an estimated A$85 billion annual rental market and aiming to improve renters’ financial resilience and experience.
Average Trading Volume: 1,006,520
Technical Sentiment Signal: Buy
Current Market Cap: A$69.61M
Learn more about RNT stock on TipRanks’ Stock Analysis page.