RentGuarantor (RGG) said unaudited fourth-quarter 2025 revenue rose 83% year on year (YoY) to £669,000, taking full year (FY) 2025 revenue to about £2.39 million, up 88% and 9% ahead of market expectations.
The uplift was driven mainly by volumes. Tenant contracts completed increased 85% YoY to 837 in the quarter and 3,125 for the year, while average revenue per contract was broadly steady year on year, at £799 in the quarter and £764 for FY 2025.
However, the company now expects its FY 2025 operating loss, adjusted for AIM admission costs and fourth-quarter fundraising fees, to be around £280,000 higher than market expectations, largely due to accelerated marketing spend brought forward to capture opportunities linked to the Renters’ Rights Act. In addition, adjusted loss before tax is expected to increase further due to revaluation adjustments tied to the convertible element of convertible loan notes.
During 2025, RentGuarantor raised £2.54 million via subscriptions at 12.5p per share, with each new share accompanied by a warrant. Unaudited cash at 31 December 2025 was about £2.1 million.
The company’s partnership network also grew by 103 new organisations to 622, with 1,794 entities now accepting RentGuarantor, including Winkworth and Jones Lang LaSalle.
RentGuarantor’s CEO Paul Foy said: "FY 2025 saw the delivery of another strong year of growth, driven by solid execution of our strategy. In addition, the passing of the Renters' Rights Act during Q4 enhances the importance of our service to both renters and landlords. We are working with other industry participants to ensure we maximise the opportunity afforded when the majority of the Act's provisions come into effect in May 2026.
In Q4 we delivered a 4x increase in the number of partnership agreements, including with Winkworth and Jones Lang LaSalle. The scale and calibre of these agreements was made possible by our increasing profile in the industry and our recruitment ahead of growth, that positions us to pursue the significant opportunities in FY 2026.
We continue to actively engage with investors, which assisted in our raising £2.5m gross in Q4 to capitalise on the opportunities presented by the Renters' Rights Act. I'm grateful to shareholders for their continued support and I look forward to keeping our stakeholders updated with our progress as 2026 progresses."
View from Vox
The trading update underlines strong demand and a scalable distribution model. While the marketing pull-forward weighs on near-term losses, the larger cash balance and widening partner base could help RentGuarantor convert regulatory-driven interest into sustained contract growth.