Want to see AU:RDY full AI Analyst Report?
Top Page
ReadyTech Holdings Ltd.
(Sydney:RDY)
Select Model
Select Model
Rating:51Neutral
Price Target:
AU$1.50
▼(-5.06% Downside)
Action:Reiterated
Date:08/29/26
The score is primarily supported by strong and improving cash generation and a manageable balance sheet. Offsetting this are weakened earnings fundamentals (revenue decline and ongoing net losses), a bearish technical backdrop (below key moving averages with negative MACD), and limited valuation support given the negative P/E and no provided dividend yield.
Positive Factors
Subscription SaaS model
A subscription SaaS model can support recurring revenue, embedded customer relationships, and scalable delivery across education, workforce, and government markets. These characteristics provide a durable platform for retention and expansion, while implementation and support services can deepen customer integration over time.
Negative Factors
Revenue contraction
The 2026 revenue decline signals a meaningful loss of top-line momentum after several years of expansion. If sustained, weaker growth can limit operating leverage, reduce funds available for product investment, and make it harder for the company to absorb fixed costs across its software platforms.
Read all positive and negative factors
Positive Factors
Negative Factors
Subscription SaaS model
A subscription SaaS model can support recurring revenue, embedded customer relationships, and scalable delivery across education, workforce, and government markets. These characteristics provide a durable platform for retention and expansion, while implementation and support services can deepen customer integration over time.
Read all positive factors
ReadyTech Holdings Ltd. (RDY) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$156.93M
Dividend YieldN/A
Average Volume (3M)73.63K
Price to Earnings (P/E)―
Beta (1Y)0.14
Revenue Growth2.61%
EPS Growth70.72%
CountryAU
Employees365
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.04
Shares Outstanding123,564,110
10 Day Avg. Volume129,681
30 Day Avg. Volume73,625
Financial Highlights & Ratios
PEG Ratio0.61
Price to Book (P/B)1.53
Price to Sales (P/S)1.65
P/FCF Ratio8.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$2.13Price Target Upside34.49% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.06
Revenue Forecast (FY)AU$129.73M
ReadyTech Holdings Ltd. Business Overview & Revenue Model
Company Description
ReadyTech Holdings Limited (RDY.AX) is an Australian provider of SaaS (Software-as-a-Service) technology, serving diverse sectors including education and vocational pathways, workforce management, and government and judicial bodies. The Education ...
ReadyTech Holdings Ltd. Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
67
Positive
Cash Flow
74
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 125.01M | 121.84M | 113.80M | 103.31M | 78.28M |
| Gross Profit | 13.27M | 114.19M | 41.92M | 18.31M | 17.55M |
| EBITDA | 34.23M | 12.95M | 32.31M | 26.63M | 26.75M |
| Net Income | -4.88M | -16.14M | 5.46M | 4.97M | 8.79M |
Balance Sheet | |||||
| Total Assets | 255.42M | 250.38M | 261.43M | 259.28M | 185.97M |
| Cash, Cash Equivalents and Short-Term Investments | 27.47M | 19.70M | 21.87M | 20.62M | 9.20M |
| Total Debt | 63.48M | 60.48M | 47.06M | 52.11M | 37.34M |
| Total Liabilities | 120.72M | 108.88M | 110.22M | 131.03M | 87.80M |
| Stockholders Equity | 134.70M | 141.50M | 151.21M | 128.25M | 98.17M |
Cash Flow | |||||
| Free Cash Flow | 24.38M | 4.03M | 13.26M | 8.10M | 4.39M |
| Operating Cash Flow | 24.58M | 24.06M | 31.59M | 27.81M | 17.00M |
| Investing Cash Flow | -19.20M | -38.54M | -23.67M | -27.78M | -21.29M |
| Financing Cash Flow | 2.39M | 12.31M | -6.67M | 11.39M | 1.49M |
ReadyTech Holdings Ltd. Technical Analysis
Negative
1.58
Price Trends
1.41
Negative
1.51
Negative
1.54
Negative
Market Momentum
-0.05
Negative
41.10
Neutral
79.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RDY, the sentiment is Negative. The current price of 1.58 is above the 20-day moving average (MA) of 1.28, above the 50-day MA of 1.41, and above the 200-day MA of 1.54, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 41.10 is Neutral, neither overbought nor oversold. The STOCH value of 79.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:RDY.
ReadyTech Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$620.65M | 17.15 | 33.67% | 4.01% | 6.59% | 4.49% | |
70 Outperform | AU$10.51B | 75.58 | 32.19% | 1.18% | 14.48% | 6.31% | |
67 Neutral | AU$10.94B | 76.16 | 3.68% | ― | 27.32% | -30.84% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | AU$6.91M | -38.33 | -19.61% | ― | -7.14% | -1188.89% | |
51 Neutral | AU$156.93M | -31.77 | -3.57% | ― | 2.61% | 70.72% | |
43 Neutral | AU$8.60M | -3.55 | -1327.81% | ― | 44.95% | 10.45% |
* Technology Sector Average
AU:RDY
ReadyTech Holdings Ltd.
1.29
-0.76
-37.07%
AU:TNE
Technology One Limited
32.41
-4.33
-11.78%
AU:XRO
Xero Limited
64.09
-86.67
-57.49%
AU:RCL
ReadCloud Ltd.
0.05
-0.05
-53.06%
AU:OCL
Objective Corporation Limited
6.70
-10.47
-60.98%
AU:OLL
OpenLearning Ltd.
0.01
-0.03
-72.50%
ReadyTech Holdings Ltd. Corporate Events
ReadyTech Performance Rights Lapse as Conditions Go Unmet
Oct 22, 2026
ReadyTech Holdings Ltd. notified the market that 904,337 performance rights (ASX code RDYAA) have ceased following the lapse of conditional rights. The rights expired because their conditions were not met or became incapable of being satisfied, ef...
ReadyTech Files Final Director Interest Notice for Timothy Ebbeck
Oct 7, 2026
ReadyTech Holdings Limited is an Australian-listed technology company that provides software solutions, with a focus on digital platforms and services that support enterprise and institutional customers. The company operates in the broader technol...
ReadyTech Appoints New Director With No Initial Shareholding
Oct 7, 2026
ReadyTech Holdings Limited has appointed Tony Toohey as a director effective 8 October 2026, according to an initial director’s interest notice lodged with the ASX. At the time of his appointment, Toohey holds no relevant interests in ReadyT...
ReadyTech Appoints Neil Thompson as Director With No Initial Shareholding
Oct 7, 2026
ReadyTech Holdings Ltd. has announced the appointment of Neil Thompson as a director effective 8 October 2026, lodging an Initial Director’s Interest Notice with the ASX. The filing confirms that Thompson currently holds no relevant interest...
ReadyTech refreshes board with new independent directors
Oct 7, 2026
ReadyTech Holdings Ltd. has announced board changes with the retirement of long-standing Independent Non-Executive Director Timothy Ebbeck after more than seven years of service, including key roles overseeing nomination, remuneration, audit and r...
ReadyTech sets timetable for 2026 AGM and director nominations
Sep 8, 2026
ReadyTech Holdings Ltd. has scheduled its 2026 Annual General Meeting for 18 November 2026, in line with ASX requirements, and has set 16 September 2026 as the deadline for shareholders or other eligible parties to nominate candidates for election...
ReadyTech Tightens Securities Trading Rules to Bolster Governance
Sep 1, 2026
ReadyTech Holdings Ltd., an ASX‑listed technology company, has updated its Securities Trading Policy to tighten controls on trading in its own shares and other quoted securities by directors, employees and related parties. The policy aims to...
ReadyTech CEO Marc Washbourne Increases Indirect Shareholding via On‑Market Trade
Aug 30, 2026
ReadyTech Holdings Limited has reported a change in the interests of its chief executive and director Marc Washbourne in the company’s securities. Washbourne holds shares directly and indirectly through Washbourne Group Pty Limited as truste...
ReadyTech Details Full Compliance with ASX Governance Principles and Sets Diversity Targets
Aug 26, 2026
ReadyTech Holdings Limited has reaffirmed its commitment to high standards of corporate governance, stating that it fully complies with the ASX Corporate Governance Principles and Recommendations (Fourth Edition) for the financial year ending 30 J...
ReadyTech flags margin recovery as AI and cost cuts underpin outlook
Aug 26, 2026
ReadyTech reported that its FY26 financial performance landed within revised guidance and indicated that current cash margins are at a low point, framing this as a base for future improvement. Management highlighted a significant Victorian TAFE co...
ReadyTech hits FY26 guidance as AI push and cost cuts pave way for stronger FY27
Aug 26, 2026
ReadyTech delivered FY26 revenue of $125 million and subscription revenue of $103.8 million, in line with revised guidance, as strong growth in flagship products was offset by elevated churn in its mature product base and lower margins at the peak...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.