Rent.com.au Q2 2026: Million Dollar Milestone Achieved for First Time

Rent.com.au exceeded $1 million in quarterly revenue for the first time in January, shortly before releasing its full financial results for the second quarter of 2026.

Highlights include:

• Rent.com.au surpasses A$1 million in quarterly revenue for the first time, up 34% year-on-year
• RentPay delivers 29% revenue growth and improves its EBITDA losses to A$352k  (USD 247k) for the quarter, a 38% improvement
• Quarterly recurring revenues more than doubled to A$667k (USD 468k), up 155% on the same period in 2025
• 67% of total revenue came from recurring sources
• Net cash generated from operating activities reached A$337k (USD 230k)

Jan Ferreira, CEO at Rent.com.au, said the company is prioritising customer solutions that have strong revenue streams:

“When we commenced our transformation, we set some clear goals that we want to achieve by the end of 2026 . These were: to double monthly revenue; generate positive EBITDA and operating cashflow; and to create sustainable revenue streams [whereby] more than 70% of Group Revenue would be from recurring revenue.

"We’re just six months into that transformation but already the December quarter’s results demonstrate that we’re on track, with strong improvement in each of those metrics including achieving our first ever million-dollar revenue quarter, mostly from recurring revenue. We have great operating momentum and with approximately $14 million in cash and debt to execute our growth strategy, we are exceptionally well capitalised."

Commenting on the revenue milestone, Ferreira added:

"Exceeding $1 million in quarterly revenue for the first time is an important milestone for the Group. Achieving this result in a quarter that has historically been seasonally softer is exciting because it highlights the strength of Rent.com.au’s evolving business model. The Group remains on track to achieve cashflow positivity by the end of 2026."

The Group historically dedicated more column inches to its RentPay product, but this pivot to focus on loans appears to be bearing fruit. During the quarter, Rent.com.au ’s primary focus was optimising and scaling its RentBond product. RentBond loans allow tenants to secure a convenient bond loan of up to $10,000 to move into a new property, with user-friendly features such as fee-free repayment periods and interest-free terms.

Rent.com.au says it expects to generate approximately 6x more revenue over the average 12-month life of the loan than under the previous funding model.

Meanwhile, RentPay incurred an EBITDA loss for the quarter, despite a healthy 38% YoY improvement.