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