RentGuarantor shares jumped on Thursday after it upgraded its full-year guidance for the second time in a month as the rent guarantee company’s rapid growth accelerated.
The company is proving to be a real success.
The AIM-listed group said revenue for the nine months to 30 September reached £13m, up 656% on the £1.72m of a year earlier, with September alone bringing in £4.5m, more than 18 times the level of a year before, boosted by the peak student letting season.
The number of contracts completed rose almost fivefold to 11,608, and the average contract value climbed 53% to £1,119.
The rapid growth pushed adjusted EBITDA to £5.85m, up from a small loss a year earlier, with net profit of £5.93m. The company said its claims ratio, a key measure of risk for a guarantor, remained in line with expectations.
On the back of acclerating revenue, RentGuarantor raised its full-year guidance to revenue of more than £19m and net profit above £9m, up from the £14m and £4m it had guided to as recently as early September. It said it was also encouraged by next year’s outlook.
Paul Foy, CEO of RentGuarantor, commented: “RentGuarantor has continued to deliver exceptional growth during 2026, with the significant increase in applications and contracts translating directly into substantial revenue growth and, importantly, generating solid profitability as the business scales.”
The RentGuarantor share price rose 17% on Thursday.