Rent.com.au Q3 FY26: Positive Operating Cashflow Achieved for First Time

Rent.com.au has delivered its first-ever positive operating cashflow quarter, generating A$500k in the three months to 31 March 2026, as the Australian renter platform's transformation programme begins to land. Highlights include:

• Group revenue of A$1.2 million, up 30% year on year and 20% on the previous record quarter
• Recurring revenue up 168% year on year, representing 67% of total revenue
• Underlying operating cashflow of A$500k, versus a A$350k outflow in Q2
• EBITDA up 22% quarter on quarter, with break even targeted by December 2026
• A$7.5 million in cash plus A$8.5 million in undrawn debt at quarter end

CEO Jan Ferreira said: "This was a landmark quarter. Quarterly revenue hit a new record of $1.2 million, EBITDA improved 22% quarter on quarter, and for the first time in company history we delivered positive operating cashflow. Across every key metric, this quarter marks a meaningful inflection point."

New RentBond loans, which offer tenants up to A$10,000 to cover bond, upfront rent and moving costs, averaged more than A$1 million per month, with around half now funded from group cash, effectively halving interest costs. RentPay, the group's digital rent payment app for tenants and agents, moved to a freemium model in March, scrapping subscription fees and repricing card-based payments to preserve ARPU. Ferreira reported a measurable reduction in churn and said agencies are re-engaging with the platform.

The group also launched an interest-bearing feature on RentPay wallet balances, the first in a planned suite of financial products for renters. A property portal referral partnership signed in late March goes live in Q4.

When Ferreira mapped out these transformation targets six months ago, positive operating cashflow by the end of 2026 was the headline ambition. Hitting it nine months early suggests the loans-first pivot is compounding faster than planned.