Property fintech Rent.com.au (ASX: RNT) has posted record RentBond loan volumes in May 2026, exceeding its previous best month set just weeks earlier in April, as the group tracks toward delivering its first positive EBITDA result in the second quarter of FY27.
The company today released a trading update confirming that April and May 2026 were its two strongest-ever months for RentBond loans funded, with unaudited results showing accelerating revenue growth and improving EBITDA performance across both months.
The update puts the group on course to double revenue and achieve EBITDA-positive status by Q2 FY27, while also delivering a second consecutive quarter of positive operating cashflow.
The news builds on a record March 2026 quarter in which Rent.com.au posted quarterly revenue of $1.2 million, up 30 per cent year-on-year and 20 per cent above its previous record quarter.
That period also marked the company's first-ever positive operating cashflow result of $500,000.
Recurring revenue has climbed to more than 75 per cent of group revenue, ahead of the company's 70 per cent FY27 target, driven by the repeat nature of the RentBond product.
The loan product allows tenants to finance their rental bond rather than pay it upfront, generating recurring income as borrowers continue to service their loans.
CEO Jan Ferreira says in addition to April and May being the best months on record for rental bond loans, the company's conservative lending approach also continues to work well.
"We're funding more customers than ever while expected credit losses remain within our target range," she says.
"We're also starting to see customers return for additional RentBond loans, which lowers acquisition costs and improves profitability."
The company has also announced its new referral partnership with property listings portal Homely. com.au is now live and expected to contribute RentBond volumes from this month.
"Based on Homely.com.au having similar volumes of rental property listing s to Rent.com.au, we believe this channel has the potential to become a meaningful contributor to RentBond growth over time,” says Ferreira.
Homely CEO and founder Adam Spencer says the partnership will allow the company to lend more focus to features and offers that support its users looking to rent.
"By joining forces with such a respected brand, we can leverage significant expertise, and products, to make finding a rental and financing a move much more seamless," says Spencer.
Rent.com.au operates across a suite of rental services including its RentPay payments platform, with the RentBond lending product the group's primary growth engine.
The company estimates the Australian rental market to be worth about $85 billion to $90 billion per annum.
Rent.com.au says it remains "exceptionally well capitalised" with $6 million in cash and $7.5 million in undrawn debt.
It also says it is on track to achieve another positive operating cashflow quarter.
In the first half of FY26, Rent.com.au generated revenue of $1.86 million, up 30.4 per cent on the prior corresponding period, while recording an EBITDA loss of $1.64 million and a net loss of $2.53 million.
Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support