Rent.com.au hits record volumes and cashflow momentum
Rent.com.au (ASX:RNT) logged its performance for the beginning of the financial year, driven by high volumes from its flagship RentBond product.
The property tech company revealed that May exceeded April’s performance to deliver a record number of funded loans, accelerating revenue growth and driving significant EBITDA improvements compared to the same period last year and Q3 FY26.
The momentum puts the group firmly on track to achieve its ambitious 2027 targets.
Unaudited results from April and May confirm that Rent.com.au is well-positioned to become EBITDA positive and double its revenue by Q2 FY27.
Furthermore, customer receipts from RentBond, coupled with a highly scalable and stable cost base, mean the company is on track to deliver its second consecutive quarter of positive operating cash flow.
Recurring revenue now accounts for over 75% of total group revenue, comfortably exceeding the company's FY27 target of 70%.
Growth is expected to accelerate further following the launch of a new referral partnership with leading property listings portal Homely.com.au.
The agreement is now live, with RentBond volumes anticipated to see direct contributions from the partnership starting this month.
CEO Jan Ferreira expressed strong confidence in the company’s trajectory, noting that the ongoing product evolution and recurring revenue model provide greater long-term predictability.
