Rent.com.au hits record $1M quarterly revenue

Grafa
Rent.com.au hits record $1M quarterly revenue
Rent.com.au hits record $1M quarterly revenue
Liezl Gambe
Written by Liezl Gambe
Share

Rent.com.au (ASX:RNT) has reported a record-breaking quarter, surpassing $1 million in revenue for the first time.

The milestone underscores the growth of the group's recurring revenue streams, reflecting the strength of its evolving business model focused on customer solutions with predictable income.

Jan Ferreira, CEO of Rent.com.au, said, "Exceeding $1 million in quarterly revenue is a significant achievement, particularly in a quarter that is traditionally seasonally softer. This result highlights the resilience of our business model and the value of our recurring revenue streams. With a well-capitalised balance sheet, we remain on track to achieve cashflow positivity by the end of 2026."

Connect with us

Disclaimer

Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relate to your unique circumstances.

Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of or reliance on the information provided directly or indirectly, by use of this platform.