Earth is currently experiencing a mass species extinction driven by human activities. While this is a global problem, Australia - one of just 17 mega-biodiverse nations, has one of the worst records for recent species extinctions and current levels of species endangerment. The nation, like all signatory nations to the Convention on Biological Diversity (CBD), is required to report on targets to halt extinction and recover species, yet the reporting is conducted in ways that lacks the relevant detail and the crisis is often miscommunicated and then not acted upon. To address this, we developed a streamlined threatened species recovery report card methodology, which combined two input indicators including planning, and funding, one output indicator capturing habitat protection, and one outcome indicator which highlights threatened species trajectories to provide simple scores that Australians can understand and track. Using our new method, our analysis showed that Australia scored an E grade (or a score 0.22 out of 1) on the input indicators, a D grade (or a score of 0.48) for the output indicator, and a F grade (or a score of 0.003) for the outcome indicator. When we analyse individual indicators, Australia scored particularly low in recovery plans (F or 0.10) and dedicated funding (F or 0.08). While the threatened species recovery report card highlighted a clear failure in many federal environmental legislation responsibilities, it provides a baseline for different governments and outlines clear directions for immediate improvement including developing adequate recovery plans, funding the actions in the recovery plans, protecting habitat from further destruction, and verifying recovery through monitoring and evaluation of species trajectories and supporting transparency and collaboration on the execution on the plans through an improved data infrastructure. Without an immediate step change in how Australia communicates and faces its species crisis, we will leave a tragic legacy of extinction and fail our obligations to future generations of Australians, and the international community.