Rent.com.au (ASX:RNT) Hits Landmark Profitability Milestone with Record Revenue

Aditi Sarkar

22 April 2026 03:23 PM AEST

Rent.com.au (ASX:RNT) Hits Landmark Profitability Milestone with Record Revenue

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Highlights

Rent.com.au shares rose 8.20% to AUD 0.066 on 22 April 2026, maintaining a 230% increase over the past year.
The Group achieved its first-ever positive operating cashflow of AUD 0.5 million for the quarter ended 31 March 2026 (Q3 FY26).
Record total Group revenue of AUD 1.2 million, a 30% increase compared to the prior comparative period (pcp) and 20% higher than the previous record quarter.
Recurring revenue climbed 168% year-on-year, now accounting for 67% of total Group revenue.
The company remains well-capitalised with AUD 7.5 million in cash and AUD 8.5 million in undrawn debt as of 31 March 2026.
EBITDA improved 22% quarter-on-quarter, with the company tracking toward break-even by December 2026.

Rent.com.au Limited (ASX:RNT) saw its share price lift 8.20% to AUD 0.066 during the afternoon session on 22 April 2026. The gains follow the release of the company’s Q3 FY26 quarterly report, which highlighted a major inflection point: the company’s first-ever positive operating cashflow. This milestone, combined with record revenue growth and a rapidly expanding recurring revenue base, reflects the successful execution of the Group’s platform strategy.

Rent.com.au is Australia’s premier technology platform specifically designed for the country’s 8 million renters. The platform integrates search capabilities with smart financial tools, supporting users through the entire rental journey. Core offerings include RentBond, a move-now-pay-later loan for rental costs, and RentPay, a digital payment and money management application. With its national reach and focus on financial tools, the Group is actively scaling its platform to tap into the estimated AUD 85 billion annual Australian rental market.

Record Revenue and Positive Cashflow Inflection

Q3 FY26 proved to be a landmark period for Rent.com.au, as the Group achieved positive operating cashflow of AUD 0.5 million. This achievement aligns with the company’s long-term financial sustainability goals. The financial improvement was bolstered by record quarterly revenue of AUD 1.2 million, representing a 30% increase against the pcp.

Growth was driven by the strong performance of RentBond, which saw loans funded by the Group average more than AUD 1 million per month. Furthermore, the company successfully absorbed the initial operating costs of establishing its in-house lending capability, leading to a 22% improvement in EBITDA compared to the December 2025 quarter.

Strategic Pivot and Recurring Revenue Expansion

A cornerstone of the Group’s current strategy is the transition toward a material recurring revenue base. Recurring revenue increased by 168% compared to the pcp, reaching AUD 0.8 million for the quarter. This recurring stream now makes up 67% of the total revenue, providing the business with greater financial predictability.

The platform is currently aligning its offerings across five strategic categories: Payments & Bills, Savings & Investments, Loan Products, Insurance Products, and Advice & Support. Key progress in Q3 FY26 includes:

Payments: The launch of a new freemium model has removed subscription fees and re-priced optional payment methods, which has already led to increased re-engagement from rental agencies and reduced customer churn.
Savings: The introduction of interest on RentPay wallet balances serves to incentivise early rent payments and helps users build financial resilience.
Loans: RentBond unit economics have improved significantly, with roughly 50% of new loans now funded by Group cash, effectively halving interest costs and enhancing overall loan profitability. The company expects further enhancements to generate approximately 50% additional monthly loan volume.

Financial Position and Outlook

Rent.com.au remains exceptionally well-capitalised to execute its growth strategy. As of 31 March 2026, the Group reported a cash balance of AUD 7.5 million. Additionally, the company secured an extension to its funding facility with the Eldium Income Fund in late March, increasing available funding by AUD 5 million to a total of AUD 15 million. With AUD 8.5 million in undrawn debt, the company is well-positioned to scale its operations.

Looking ahead to the June 2026 quarter, the company’s priorities include continued RentBond optimisation, the rollout of a new property portal referral partnership, expanded bill payment functionality, and the integration of RentBond into the core platform to facilitate cross-selling of its suite of products.

FAQs

Why did Rent.com.au (ASX: RNT) shares rise on 22 April 2026?

Shares rose 8.20% following the release of the Q3 FY26 report, which announced the company's first-ever positive operating cashflow, record revenue of AUD 1.2 million, and a 168% year-on-year increase in recurring revenue.

How is Rent.com.au achieving improved financial sustainability?

The company is transitioning to a recurring revenue model (now 67% of total revenue) and has optimized its unit economics by funding 50% of RentBond loans internally, which has materially improved loan profitability and EBITDA.

What is the new "freemium" model for RentPay?

Launched in March 2026, the freemium model removes subscription fees and makes standard payment types free. Optional payment methods, such as cards and PayPal, have been re-priced to preserve margins, resulting in better agency engagement and lower churn.

What is the status of Rent.com.au’s funding and capital position?

The Group is well-funded with AUD 7.5 million in cash and AUD 8.5 million in undrawn debt as of 31 March 2026, providing a strong balance sheet to support ongoing growth initiatives.

What are the primary focus areas for the upcoming quarter?

Priorities include further EBITDA improvement through RentBond optimisation, launching a new property portal referral partnership, and consolidating RentBond onto the core platform to enable better product cross-selling.

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