logo
Twitter
Discord
Email
logo
Runway Growth Finance Corp.

Runway Growth Finance Corp.

NASDAQ•RWAY
CEO: Mr. David R. Spreng
Sector: Financial Services
Industry: Financial - Credit Services
Listing Date: 2021-10-21
Runway Growth Finance Corp. is a business development company specializing investments in senior-secured loans to late stage and growth companies. It prefers to make investments in companies engaged in the technology, life sciences, healthcare and information services, business services and select consumer services and products sectors. It prefers to investments in companies engaged in electronic equipment and instruments, systems software, hardware, storage and peripherals and specialized consumer services, application software, healthcare technology, internet software and services, data processing and outsourced services, internet retail, human resources and employment services, biotechnology, healthcare equipment and education services. It invests in senior secured loans between $10 million and $75 million.
Contact Information
2061 Avy Avenue, 2nd Floor, Menlo Park, CA, 94025, United States
650-645-9751
investors.runwaygrowth.com
Market Cap
$326.65M
P/E (TTM)
5.4
26.7
Dividend Yield
15.5%
52W High
$11.73
52W Low
$8.35
52W Range
20%
Rank47Top 48.2%
3.8
F-Score
Modified Piotroski Analysis
Based on 9-year fundamentals
Weak • 3.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2017-2025

Financial Dashboard

Q3 2025 Data

Revenue

$20.99M-42.73%
4-Quarter Trend

EPS

$0.43-33.85%
4-Quarter Trend

FCF

$18.51M-28.56%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

NAV Per Share $13.55 Net asset value per share closed at $13.55 USD, slightly down from $13.79 USD at December 31, 2024.
Operating Cash Flow Surge Operating cash flow provided $165.7M USD for nine months, a significant increase from $55.9M USD provided previously.
Asset Quality Improvement Non-accrual debt investment fair value decreased to $2.363M USD, representing only 0.25% of the total portfolio value.

Risk Factors

Worsening Unrealized Losses Nine-month net change in unrealized loss widened to ($21.8M) USD compared to a loss of ($3.7M) USD in the prior period.
Merger Integration Uncertainty Realization of anticipated merger benefits depends on successful integration of SWK's business and investment portfolio.
Interest Rate Volatility Exposure Variable rate debt exposure remains high at 96.3% of performing debt investments, sensitive to SOFR and Prime rate changes.

Outlook

SWK Merger Agreement Entered Merger Agreement with SWK Holdings Corporation on October 9, 2025, pending stockholder approvals and closing conditions.
Strong Liquidity Position Liquidity remains strong with $371.9M USD available, including $364.0M USD capacity under the Credit Facility.
Future Debt Activity Completed $12.0M in new debt commitments and funded $1.2M in unfunded commitments post-period end.

Peer Comparison

Revenue (TTM)

Yiren Digital Ltd.YRD
$864.82M
+10.8%
Atlanticus Holdings CorporationATLC
$792.30M
-25.0%
Regional Management Corp.RM
$630.73M
+9.6%

Gross Margin (Latest Quarter)

MBIA Inc.MBI
426.7%
+368.0pp
Midland States Bancorp, Inc.MSBI
100.0%
+0.0pp
Atlanticus Holdings CorporationATLC
96.3%
-0.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ATLC$1.00B8.620.2%75.7%
MSBI$457.09M10.56.6%6.9%
RM$381.56M9.610.8%78.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-29.5%
Growth Under Pressure
4Q Net Income CAGR
-34.3%
Declining Profitability
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Mar 19, 2026
|
EPS:$0.37
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $20.99M-42.7%
    |
    EPS: $0.43-33.8%
    Meet

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $30.53M-10.7%
    |
    EPS: $0.45+114.3%
    Meet

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 12, 2025|
    Revenue: $35.40M-11.5%
    |
    EPS: $0.42+40.0%
    Beat

  • Form 10-K/A - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 27, 2025|
    Revenue: $124.22M-0.8%
    |
    EPS: $1.89+73.4%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 20, 2025|Refer to amended data

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 12, 2024|
    Revenue: $36.65M-16.3%
    |
    EPS: $0.65+75.7%
    Meet

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $34.19M+43.2%
    |
    EPS: $0.21-61.8%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 7, 2024|
    Revenue: $40.01M+194.1%
    |
    EPS: $0.30+0.0%
    Miss