Recurring Revenues Drive Record Quarter
| Stock | Rent.com.Au Ltd (RNT.ASX) |
|---|---|
| Release Time | 20 Jan 2026, 8:19 a.m. |
| Price Sensitive | Yes |
Recurring Revenues Drive Record Quarter
- Record Quarterly Revenue: More than $1 million for the first time, 34% growth
- Recurring Revenue Contribution: 67% of revenue from recurring sources
- Well capitalised: $7.5 million cash, $5 million undrawn debt, $1.6 million additional
Rent.com.au Limited (ASX: RNT) is pleased to report that it has exceeded $1 million in quarterly revenue for the first time. This milestone result reflects the continued growth of the Group's recurring revenue streams. The record quarterly revenue represents a 34% growth compared to the same quarter in the previous year. The increasing recurring revenues from RentBondĀ® and RentPay have been the key drivers of this result, with 67% of the quarter's revenue coming from recurring sources. The company remains well-capitalised, with $7.5 million in cash and $5 million in undrawn debt as of 31 December 2025, plus an additional $1.6 million (before costs) received in early January. CEO Jan Ferreira commented that exceeding $1 million in quarterly revenue for the first time is an important milestone for the Group, highlighting the strength of Rent.com.au's evolving business model which prioritises customer solutions with strong recurring revenue streams. The company remains on track to achieve cashflow positivity by the end of 2026.
With a well-capitalised balance sheet, the Group remains on track to achieve cashflow positivity by the end of 2026.