Rent.com.au Q4 2026: Recurring Revenue Tops A$1m and Hits 75% of Group

Rent.com.au has released its activities report for the quarter ended 30 June 2026, six months after setting out the targets it wanted to hit by the end of the year. Highlights include:

• Group revenue of A$1.35 million , up 48% year-on-year and 12% on the March quarter
• Recurring revenue passed A$1 million for the first time, up 212% year-on-year and now 75% of group revenue
• Customer receipts of A$3.125 million, up 154% year-on-year, delivering a second consecutive quarter of positive operating cashflow
• EBITDA improved 25% on the March quarter, with break even targeted for December 2026
• RentBond loans past A$10 million inside ten months of launch, at record new loan volumes and slightly lower average values

In February, CEO Jan Ferreira set out what the transformation was for.

"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," he said at the time.

Two of those three are now done, with a quarter to spare. Recurring revenue is at 75%, past the 70% threshold, and operating cashflow has been positive twice running. EBITDA is the one still outstanding, improving 25% on the March quarter but not yet at break-even.

"Such strong growth in operating cashflow, our second consecutive positive cashflow quarter, demonstrates the Group is achieving the sustainability we've long sought," Ferreira said.

Recurring revenue has gone from A$667k in the December quarter to over A$1 million in June, a 50% increase in six months, while group revenue rose 35% across the same stretch. Most of that gap is RentBond, the bond loan product OMP noted the group pivoting towards in February, which has now written A$10 million in ten months. Loan volumes hit a record in the June quarter while average loan values fell, so the growth is coming from more renters rather than bigger loans.

Funding has tightened slightly. The group held A$6.6 million in cash plus A$6.25 million of undrawn debt at 30 June, roughly A$13 million of available capital, against the approximately A$14 million it reported in February.

Set against the company's own history, the June quarter is an outlier. Group revenue has sat between A$2.16 million and A$3.37 million in every year since FY2018, with EBITDA negative in all of them and FY2025 the worst at minus A$3.82 million. Four quarters at the June run rate would be A$5.4 million, more than Rent.com.au has posted in any full year.