Runway Growth Finance Corp. RWAY
- Market cap
- $282.1M
- P/E
- 61.6×
Follow RWAY
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | — | — | 11.84 | 10.76 | 10.47 | 9.87 | 8.35 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| — | — | — | — | — | 14.05 | 14.92 | 13.91 | 13.74 | 11.73 |
High Price
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| — | — | — | — | — | — | — | — | — | — | Employees | |||
| — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
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|||
| — | 3 | 21 | 55 | 58 | 71 | 108 | 164 | 145 | 137 |
Revenue
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|||
| — | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin
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|||
| (1) | (1) | 12 | 28 | 47 | 46 | 32 | 44 | 74 | 34 |
EBT
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|||
| 0.00% | (45.03%) | 56.65% | 50.14% | 81.53% | 64.17% | 29.93% | 27.00% | 50.89% | 24.79% |
EBT Margin
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|||
| (1) | (1) | 12 | 28 | 47 | 46 | 32 | 44 | 74 | 34 |
Net Income
|
|||
| — | (1) | (5) | (13) | (9) | (7) | (5) | (6) | (3) | (2) |
Depreciation
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|||
| 0.00 | 1.14 | 2.23 | 2.95 | 2.09 | 2.08 | 2.63 | 4.05 | 3.72 | 3.74 |
Revenue/Sh
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| (82.09) | (0.51) | 1.26 | 1.48 | 1.70 | 1.15 | 0.79 | 1.09 | 1.89 | 0.93 |
Earnings/Sh
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|||
| (298.09) | (42.20) | (18.59) | (7.14) | (3.84) | (1.79) | (8.78) | 2.78 | 1.80 | 5.08 |
Cash Flow/Sh
|
|||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex/Sh
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| (298.09) | (42.20) | (18.59) | (7.14) | (3.84) | (1.79) | (8.78) | 2.78 | 1.80 | 5.08 |
Free CF/Sh
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| 316.06 | 45.45 | 17.99 | 20.12 | 16.88 | 17.73 | 14.06 | 13.50 | 13.25 | 13.22 |
Book Value/Sh
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|||
| 0 | 3 | 9 | 19 | 28 | 34 | 41 | 41 | 39 | 37 |
Shares
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|||
| — | 8.38 | 8.38 | 8.38 | 8.38 | 9.83 | 14.99 | 11.55 | 5.74 | 9.71 |
PE Ratio
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|||
| — | 6.06 | 6.06 | 6.06 | 6.06 | 6.16 | 4.56 | 3.13 | 2.94 | 2.39 |
PS Ratio
|
|||
| — | 0.85 | 0.85 | 0.85 | 0.85 | 0.72 | 0.85 | 0.94 | 0.83 | 0.68 |
PB Ratio
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|||
| — | 7.16 | 7.16 | 7.16 | 7.16 | 7.22 | 9.60 | 6.22 | 6.72 | 5.53 |
EV/Sales
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| — | (4.99) | (4.99) | (4.99) | (4.99) | (8.38) | (2.87) | 9.09 | 13.94 | 4.08 |
EV/FCF
|
|||
| (3) | (118) | (173) | (134) | (106) | (61) | (360) | 112 | 70 | 186 |
Op' Cash Flow
|
|||
| — | — | — | — | — | — | — | — | — | — | Capex | |||
| (3) | (118) | (173) | (134) | (106) | (61) | (360) | 112 | 70 | 186 |
FCF
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|||
| 0 | (11) | 2 | 43 | 11 | (1) | (2) | (11) | (10) | 1 |
Working Cap'
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| — | — | 59 | 60 | 97 | 79 | 549 | 510 | 552 | 450 |
Total Debt
|
|||
| (1) | (8) | 57 | 14 | 83 | 75 | 543 | 507 | 547 | 432 |
Net Debt
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|||
| 3 | 127 | 167 | 376 | 466 | 606 | 576 | 547 | 515 | 485 |
Sh' Equity
|
|||
| (42.89%) | (1.87%) | 5.14% | 6.71% | 8.13% | 6.62% | 3.43% | 3.99% | 6.78% | 3.32% |
ROA
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| (23.16%) | (0.97%) | 3.26% | 5.83% | 4.34% | 4.08% | 3.34% | 4.64% | 3.75% | 3.88% |
ROIC
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| (51.57%) | (2.20%) | 7.99% | 10.17% | 11.15% | 8.51% | 5.46% | 7.90% | 13.86% | 6.81% |
ROE
|
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Runway Growth Finance Corp. peers in Asset Management
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| SAR Saratoga Investment Corp | $278.7M | 17.1× | Compare |
| HRZN Horizon Technology Finance Corporation | $309.0M | 11.6× | Compare |
| PSBD Palmer Square Capital BDC Inc. | $315.1M | 0.0× | Compare |
| TCPC BLACKROCK TCP CAPITAL CORP. | $335.6M | 0.0× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| LIEN Chicago Atlantic BDC, Inc. | $235.3M | 7.2× | Compare |
| CION CION Investment Corporation | $350.8M | 120× | Compare |
| CCAP Crescent Capital BDC, Inc. | $353.0M | 0.0× | Compare |
| SCM Stellus Capital Investment Corporation | $219.3M | 7.5× | Compare |
Runway Growth Finance Corp. (RWAY) key facts
- Runway Growth Finance Corp. (RWAY) is an Asset Management company in the Financial sector, listed on Nasdaq.
- Runway Growth Finance Corp.’s revenue for fiscal 2025 (year ended December 2025) was $137.3 million, down 5.05% from fiscal 2024.
- As of September 25, 2026, RWAY traded at $6.78, a market capitalization of $282.1 million.
- Runway Growth Finance Corp. pays an annual dividend of $1.80 per share, a yield of 13.4%, with a payout ratio of 100.0%.
- Return on equity was 6.81% and debt-to-equity 1.38.
Runway Growth Finance Corp. (RWAY) Latest News
25 Sep
Runway Growth Finance Corp. priced an underwritten public offering of $45 million aggregate principal amount of 7.75% notes due October 1, 2031, with a 30-day option to add up to $6.8 million. Net proceeds are expected to be about $43.7 million after underwriting discounts. The notes will mature Oct. 1, 2031, be redeemable at the company’s option on or after Oct. 1, 2028, and bear interest at 7.75% payable quarterly, with the first payment on Dec. 1, 2026. Issued in $25 denominations, the notes are expected to be listed on Nasdaq under the ticker RWAYM after closing on October 1, 2026. Proceeds will be used to repay indebtedness including the KeyBank credit facility and to redeem all outstanding 9.00% SWK 2027 Notes (about $33.0 million outstanding as of Sept. 24, 2026), plus general corporate purposes. Lead managers include Oppenheimer, B. Riley, Lucid, MUFG; co-managers named. Reduces cost of debt by replacing higher-rate borrowings with 7.75% notes, while extending liquidity, modestly improving capital structure.
23 Sep
Runway Growth Finance Corp. announced an underwritten offering of unsecured notes, with the intent to list them on the Nasdaq Global Select Market, subject to market conditions. Pricing, terms and timing will be determined at closing, and the notes are expected to trade within about 30 days after issuance if listed. Proceeds will be used to repay outstanding indebtedness, including potentially the full or partial redemption of the company’s 9.00% Senior Notes due January 31, 2027 (the SWK 2027 Notes). As of September 23, 2026, about $33 million remains outstanding under the SWK 2027 Notes. The offering is being led by a syndicate including Oppenheimer & Co. and B. Riley Securities, with additional co-managers named. A preliminary prospectus supplement and accompanying prospectus have been filed with the SEC. Forward-looking statements are included; IR contacts provided. It signals a debt raise to refinance high-interest notes, potentially improving interest costs and liquidity if priced favorably, but adds leverage and market risk.
7 Aug
RWAY Q2 earnings call highlights financial results and outlook. Q2 earnings provide moderate insight into financials likely to affect short-term stock sentiment.
Runway Growth Finance Corp. released Q2 2026 earnings call summary covering quarterly results and future guidance. Q2 earnings results and outlook directly shape near-term financial expectations and valuation.
6 Aug
Runway Growth Finance Corp. (RWAY) surpassed Q2 earnings and revenue estimates. Beating quarterly earnings and revenue estimates can lift short-term investor sentiment and share price.
Runway Growth Finance Corp. (RWAY) Q2 earnings results are compared to estimates with analysis of key financial metrics. Q2 earnings metrics comparison can moderately influence investor sentiment and near-term stock movement.
Runway Growth Finance Corp. reported its second quarter 2026 financial results. Q2 2026 results provide updates on financial performance that may shift investor sentiment without fundamentally redefining company trajectory.
15 Jun
BofA forecasts disappointing profitability for Runway Growth Finance Corp. (RWAY). BofA's negative profitability outlook may weigh on RWAY shares and near-term sentiment.
8 May
Runway Growth Finance Corp. (RWAY) released Q1 earnings call highlights detailing financial results, portfolio updates, and forward guidance. Q1 earnings highlights disclose financial metrics and outlook that significantly influence RWAY's valuation and investor sentiment.
Runway Growth Finance Corp. (RWAY) issued Q1 2026 earnings call summary highlighting financial performance, portfolio updates, and outlook. Q1 2026 earnings call reveals key financial metrics and strategic insights directly impacting RWAY's valuation and investor confidence.
7 May
Runway Growth Finance Corp. (RWAY) Q1 earnings key metrics compared to estimates, highlighting performance against expectations. Q1 earnings metrics versus estimates significantly impact RWAY's financial performance and investor sentiment.
Runway Growth Finance Corp. (RWAY) Q1 earnings and revenues missed analyst estimates. Q1 earnings and revenue shortfalls directly impact financial performance and investor sentiment with moderate but limited long-term effects.
Runway Growth Finance Corp. (RWAY) reported first quarter 2026 financial results. Quarterly financial results disclosure influences key performance metrics and investor sentiment.
7 Apr
Runway Growth Finance Corp. (RWAY) closed its acquisition of SWK Holdings Corporation, adding $370 million in capital to its balance sheet, and reported first quarter 2026 results including $42.1 million in gross investment income, a 10% portfolio yield, and a net asset value of $362.3 million. Closing the SWK Holdings acquisition significantly expands RWAY's lending capacity and portfolio, positioning it for stronger growth and market performance.
13 Mar
Runway Growth Finance Corp. (RWAY) released Q4 2025 earnings call summary detailing financial results, portfolio performance, and future outlook. Q4 earnings call summary discloses key financial metrics, dividend declarations, and guidance that significantly shape investor expectations for RWAY's trajectory.
12 Mar
Runway Growth Finance Corp. (RWAY) Q4 2025 earnings call highlights strong pipeline and positive developments. Strong pipeline signals significant growth potential impacting future financial performance.
Runway Growth Finance Corp. (RWAY) reported Q4 earnings, with key metrics analyzed for insights into performance. Q4 earnings report reveals core financial metrics that can significantly sway investor sentiment and stock performance.
Runway Growth Finance Corp. (RWAY) reported Q4 earnings and revenues below analyst estimates. Q4 earnings and revenue misses indicate financial underperformance likely to erode investor confidence and pressure stock valuation.
Runway Growth Finance Corp. (RWAY) reported fourth quarter and fiscal year 2025 financial results. Q4 and full-year 2025 financial results directly impact RWAY's financial performance, portfolio metrics, and investor sentiment.
Runway Growth Finance Corp. (RWAY) released Q4 earnings call highlights covering financial performance, portfolio updates, dividend declarations, and forward guidance. Q4 earnings highlights address financial results and outlook with moderately noticeable influence on RWAY's performance.
Runway Growth Finance Corp. (RWAY) earnings call transcript details quarterly financial results, portfolio updates, dividend declarations, and management's outlook on lending activity and economic conditions. Earnings call covers financial performance and strategic updates with moderate influence on market sentiment and trajectory.
9 Mar
Runway Growth Finance Corp. (RWAY) CEO announces end of organic growth era, outlining upcoming strategies to drive future expansion amid shifting priorities. CEO's declaration of ending organic growth indicates major strategic pivot likely to reshape RWAY's growth trajectory and investor outlook.
5 Mar
Runway Growth Finance Corp. (RWAY) is expected to beat Q4 earnings estimates, driven by strong portfolio performance, revenue growth, and favorable interest rate environment ahead of the release. Positive earnings beat expectation can moderately influence short-term financial performance and market sentiment.
3 Feb
Runway Growth Finance Corp. has announced a partial redemption of its 7.50% notes due in 2027 and a complete redemption of its 8.00% notes due in the same year. This strategic move is part of the company's ongoing efforts to manage its debt obligations effectively. The redemption of notes indicates a proactive approach to debt management, which may moderately influence financial performance.
27 Jan
Runway Growth Finance Corp. has announced the pricing of its offering of 7.25% notes due in 2031, aimed at raising capital to support its growth initiatives. The notes will be issued at a price of 100% of their face value and are expected to be listed on the New York Stock Exchange. The offering is part of the company's strategy to enhance its financial flexibility and support its investment activities. The issuance of notes is expected to provide capital for growth, impacting financial performance moderately.
26 Jan
Runway Growth Finance Corp. has announced the commencement of an offering of notes, aiming to raise capital to support its growth initiatives. The company plans to use the proceeds from this offering for general corporate purposes, which may include investments in portfolio companies and other strategic opportunities. This move is part of Runway's ongoing strategy to enhance its financial position and expand its operations in the growth finance sector. The note offering is expected to provide additional capital that could moderately influence financial performance and strategic positioning.
20 Jan
Runway Growth Finance Corp. (RWAY) is highlighted as a promising investment opportunity despite concerns in the SBIC and commercial finance sectors. The article emphasizes RWAY's strong fundamentals and growth potential, suggesting that it could outperform its peers in a challenging market environment. Investors are encouraged to consider RWAY as part of a diversified portfolio, particularly in light of its strategic positioning and financial resilience. RWAY's strong fundamentals and growth potential could significantly influence its market performance amid industry challenges.
14 Jan
Runway Growth Finance Corp. (RWAY) is facing a challenging outlook as publicly traded lending funds are currently undervalued, yet earnings are expected to decline. Factors contributing to this trend include rising interest rates and increased competition in the lending market, which may pressure profit margins. Investors are advised to be cautious as these dynamics could lead to a reevaluation of the company's financial health and market position. Earnings decline due to market pressures may moderately affect RWAY's financial performance and investor sentiment.
13 Jan
Runway Growth Finance Corp. provided an update on its portfolio and transactions for the fourth quarter of 2025, highlighting key developments and performance metrics. The report includes insights into new investments, portfolio management strategies, and overall financial health, reflecting the company's ongoing commitment to growth and support for its clients. The updates on portfolio and transactions indicate a moderate influence on financial performance and market positioning.
14 Dec
$5 and $10 ultra-high-yield stocks, including Runway Growth Finance Corp. (RWAY), are highlighted as attractive passive income opportunities for 2026. These stocks are noted for their potential to deliver significant returns, appealing to income-focused investors seeking reliable dividends. The article emphasizes the importance of careful selection in the current market landscape, where high yields can often come with increased risks. Investors are encouraged to consider these stocks as part of a diversified portfolio to enhance income generation. RWAY's inclusion in the list of high-yield stocks suggests a moderately noticeable influence on its market performance and investor sentiment.