Key points
- Record revenue in July FY26, first $500k+ month
- Over 70% of Group revenue is recurring
- Positive operating cashflow and EBITDA improvement
- $6.60 million in cash and $6.25 million in undrawn debt
- Goal: 4x revenue in 4 years, EBITDA margin >40%
Full summary
Rent.com.au Ltd presented its FY26 investor update, highlighting strong financial performance and strategic initiatives. The company reported record revenue in July FY26, marking its first $500k+ month. Over 70% of group revenue is now recurring, and the company has achieved positive operating cashflow. Additionally, there is a positive trend in EBITDA improvement, with the company on track for positive EBITDA in Q2 FY27. The company holds $6.60 million in cash and has $6.25 million in undrawn debt, providing financial flexibility for growth. The strategic focus is on building a single renter platform, aiming for 4x revenue growth in four years, with an EBITDA margin target of over 40%.
Guidance
FY27: EBITDA positive in Dec26 quarter, Maintain positive operating cashflow
Outlook
FY27: Grow Revenue to >$1.8m/quarter, EBITDA positive in Dec26 quarter, Maintain positive operating cashflow & recurring revenue %