Runway Growth Finance Corp.

Runway Growth Finance Corp.

6.00
EUR
+0.10
(+1.69%)
0.18EPS
26.37P/E
200.95MMarket Cap
Nov 05Next Earn
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.43
0.98
1.59
1.46
1.01
1.38
2.21
1.29
0.6
Basic EPS, GAAP
0.36
0.85
1.45
1.33
0.79
1.09
1.89
0.93
0.21
Free Cash Flow per Basic Share
-5.34
-4.13
-3.28
-1.79
-8.78
2.78
1.8
5.08
-2
Dividend per Share
0.04
0.25
0.22
0.53
1.26
1.81
1.8
1.4
1.35
Book Value per Share
- -
9.09
11.27
14.65
14.22
13.5
13.79
13.42
11.91
Tangible Book Value per Share
- -
9.09
11.27
14.65
14.22
13.5
13.79
13.42
11.91
Basic Weighted Avg Shares
32
32
32
34
41
41
39
37
38
Sales/Revenue/Turnover
14
32
51
50
41
56
86
47
23
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
12
28
47
46
32
44
74
34
8
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
83.68
87.24
91.44
91.59
77.93
79.36
85.7
71.92
34.47
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
- -
60
97
79
549
510
552
450
694
Total Equity
- -
376
466
606
576
547
515
485
503
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
9.4
7.3
3.56
4.06
6.93
3.4
0.7
Return on Common Equity (%)
- -
- -
11.15
8.51
5.46
7.9
13.86
6.81
1.55

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
36
36
42
Market Capitalization
325
251
230

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
18
2
11
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
1.66%
-5.81%
Free Cash Flow
- -
88.63%
167.08%
Net Income, GAAP
- -
3.51%
-53.74%
Sales/Revenue/Turnover
- -
4.78%
-44.88%
Total Cash Common Dividend
- -
69.1%
-26.35%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
16
11
28
31
86
2025
5
20
12
10
47
2026
-30
30
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.3
0.21
0.65
0.75
1.89
2025
0.05
0.45
0.22
0.2
0.93
2026
-0.96
0.65
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.47
0.47
0.45
0.4
1.8
2025
- -
0.71
0.36
0.33
1.4
2026
0.33
0.33
- -
- -
- -

Company Description

CEO
Robert David Spreng
Full Time Employees
- -
Sector
Finance
Industry
Finance/Rental/Leasing
Address
2061 Avy Avenue Chicago CA United States 94025
IPO Date
Oct 21, 2021
Business
Runway Growth Finance Corp. (Nasdaq: RWAY) is a specialty finance company and business development company that provides senior secured loans, second lien loans, warrants and other equity securities to high-growth potential companies in technology, life sciences, healthcare information and services, business services, select consumer services and products, and other high-growth sectors including financial services; its investment portfolio, valued at approximately $1.1 billion as of September 30, 2024, comprises primarily first-lien senior term loans with a dollar-weighted annualized yield of around 15% and targets late-stage and growth companies with committed principal amounts typically between $6 million and $85 million at interest rates of 8% to 14.8%; the company operates predominantly in the United States with additional investments in Germany, the UK, Canada and the Netherlands, and maintains strong liquidity of about $372 million alongside a net asset value per share of $13.55 as of late 2025. Founded in 2016 and headquartered in Chicago, Illinois, Runway Growth Finance Corp. is externally managed by Runway Growth Capital LLC, which was acquired in January 2025 by private investment funds advised by BC Partners Credit with a minority investment from Mount Logan Capital Inc., enhancing its origination capabilities in venture debt ranging from $30 million to $150 million and expanding offerings into structured equity, asset-based lending and equipment leasing. Recent developments include the formation of a $70 million joint venture, Runway-Cadma I LLC, with Cadma Capital Partners LLC in March 2024 to co-invest in secured loans; a definitive merger agreement announced in late 2025 to acquire SWK Holdings Corp. (Nasdaq: SWKH), a life-sciences specialty finance firm, for approximately $230 million in cash and stock to boost healthcare exposure to 31% of the portfolio and deliver mid-single-digit net investment income accretion; key 2025 deployments such as a $40 million senior secured term loan to Autobooks for financial technology expansion, a $20 million growth loan to Swing Education, and financings to DigiCert, FHAS, Kin, Madison Reed and Skillshare; share repurchases of nearly 398,000 shares for $4.4 million; and recognition on Inc. Magazine's 2025 Founder-Friendly Investors list for the third year, underscoring its minimally dilutive financing approach with over $3 billion in total loan commitments since inception across more than 80 businesses.

Company News

  • RWAYM: A 7.75% Notes IPO From Runway Growth Finance

  • Runway Growth Finance Corp. Provides Third Quarter 2026 Portfolio Update

  • Runway Growth Finance Corp. (NASDAQ:RWAY) Stock Now Rated “Hold” by Wall Street Analysts

  • Runway Growth Finance Corp. Announces Date for Third Quarter 2026 Financial Results and Conference Call

  • 3 SBIC & Commercial Finance Stocks to Buy on Improving Industry Trends

  • Runway Growth Finance Corp. Prices Offering of 7.75% Notes due 2031

  • Runway Growth Finance Corp. Commences Offering of Notes

  • Wall Street Analysts Believe Runway Growth Finance Corp. (RWAY) Could Rally 29.9%: Here's is How to Trade

  • Runway Growth Finance: Deep Discount Reflects Software Exposure

  • BlackRock Inc. Makes New Investment in Runway Growth Finance Corp. $RWAY

  • Surging Earnings Estimates Signal Upside for Runway Growth Finance Corp. (RWAY) Stock

  • Wall Street Analysts See a 30.09% Upside in Runway Growth Finance Corp. (RWAY): Can the Stock Really Move This High?

  • Double-Digit Yields Come With a Catch: How to Pick the Right Venture Lending BDC

  • Runway Growth Finance After Q2: 45% Discount And 16% Adjusted ROE

  • Runway Growth Finance Corp. (RWAY) Q2 2026 Earnings Call Transcript

  • Runway Growth Finance Q2 Earnings Call Highlights

  • Runway Growth Capital Appoints Michael Rovner as Co-Chief Executive Officer and Co-Chief Investment Officer

  • Runway Growth Finance Corp. (RWAY) Beats Q2 Earnings and Revenue Estimates

  • Compared to Estimates, Runway Growth Finance Corp. (RWAY) Q2 Earnings: A Look at Key Metrics

  • Runway Growth Finance Corp. Announces Third Quarter 2026 Dividend of $0.33 per Share