Saturday 17 October 2026 Export RWAY’s income statement to Excel — free account

Runway Growth Finance Corp.

Runway Growth Finance Corp.’s revenue for fiscal 2025 (year ended December 2025) was $137.3 million, down 5.05% from fiscal 2024. In the quarter to June 2026, revenue grew 5.35%, EPS grew 44.4%, free cash flow fell 65,337.0% and total debt rose 34.5%, each against the same quarter a year earlier.

6.33 0.19 −2.91%

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Market cap: $273.3M
P/E: 57.5×
Fwd P/E: −145×
Dividend yield: 20.9%
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 18.57%

Capital & Financial Ratios $m

Market Cap 273.25

Revenue 133.26

Net Income 7.76

Free Cash Flow (75.37)

Net Debt 683.02

Current Ratio 0.93

Debt/Equity 1.38

P/E ratio 57.55

Fwd P/E (145.00)

P/S ratio 2.00

P/B ratio 0.53

Past 5Y EPS Growth (11.38%)

This Y EPS Growth (9.48%)

Next Y EPS Growth (4.47%)

Next Y revenue growth 16.18%

Next 5Y EPS Growth (12.74%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 95.97%

10-year low 10-year high

P/S against its own 10 years 8.47%

10-year low 10-year high

P/B against its own 10 years 4.95%

10-year low 10-year high

Dividends

Payout Ratio 12.00

Annual Dividend Rate 1.32

Annual Dividend Yield 20.85%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.48	0.33 0.33 0.33
2025	1.40	0.36 0.35 0.36 0.33
2024	1.79	0.47 0.47 0.45 0.40
2023	1.36	0.05 0.45 0.45 0.46
2022	1.26	0.27 0.30 0.33 0.36
2021	0.25	0.25
2020	Powerpack
2019	Powerpack
2018	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	3	6	18	11
Receivables	8	8	8	13
Inventory	—	—	—	—
Other	—	—	—	—
	11	14	26	24

	2023	2024	2025	Q'26
Payables	7	8	7	10
ST’ Debt	—	—	—	—
Other	—	—	—	—
	22	24	25	26

Compound Annual Growth %

	10y	5y	3y
Sales	—	18.97%	8.42%
Cash Flow	0.00%	0.00%	0.00%
Earnings	—	(6.24%)	1.83%
Book Value	168.40%	0.79%	(5.58%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	29	37	—	—	—
’25	35	35	37	30	137
’24	40	34	37	34	145
’23	39	42	44	39	164
’22	19	25	27	36	108
’21	16	19	19	17	71
’20	15	12	14	17	58

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	6	(194)	—	—	—
’25	74	0	92	21	186
’24	69	(39)	26	14	70
’23	(19)	90	102	(62)	112
’22	(19)	(54)	(91)	(196)	(360)
’21	16	7	(17)	(66)	(61)
’20	59	(32)	(26)	(106)	(106)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	6	(194)	—	—	—
’25	74	0	92	21	186
’24	69	(39)	26	14	70
’23	(19)	90	102	(62)	112
’22	(19)	(54)	(91)	(196)	(360)
’21	16	7	(17)	(66)	(61)
’20	59	(32)	(26)	(106)	(106)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.96)	0.65	—	—	—
’25	0.05	0.45	0.22	0.20	0.93
’24	0.30	0.21	0.65	0.75	1.89
’23	0.30	0.55	0.37	(0.12)	1.09
’22	0.07	(0.02)	0.29	0.46	0.79
’21	0.30	0.21	0.31	0.49	1.15
’20	0.07	0.51	0.40	0.72	1.70

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	11.84	10.76	10.47	9.87	8.35	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	14.05	14.92	13.91	13.74	11.73
People
People	Employees	—	—	—	—	—	—	—	—	—	—
	Revenue/emp, $m	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income, $m
Income, $m	Revenue	—	3	21	55	58	71	108	164	145	137
	Gross margin, %	—	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
	EBT	(1)	(1)	12	28	47	46	32	44	74	34
	EBT margin, %	0.00	(45.03)	56.65	50.14	81.53	64.17	29.93	27.00	50.89	24.79
	Net income	(1)	(1)	12	28	47	46	32	44	74	34
	Depreciation	—	(1)	(5)	(13)	(9)	(7)	(5)	(6)	(3)	(2)
Per share, $
Per share, $	Revenue	0.00	1.14	2.23	2.95	2.09	2.08	2.63	4.05	3.72	3.74
	Earnings	(82.09)	(0.51)	1.26	1.48	1.70	1.15	0.79	1.09	1.89	0.93
	Cash flow	(298.09)	(42.20)	(18.59)	(7.14)	(3.84)	(1.79)	(8.78)	2.78	1.80	5.08
	Capex	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	Free cash flow	(298.09)	(42.20)	(18.59)	(7.14)	(3.84)	(1.79)	(8.78)	2.78	1.80	5.08
	Book value	316.06	45.45	17.99	20.12	16.88	17.73	14.06	13.50	13.25	13.22
	Shares, m	0	3	9	19	28	34	41	41	39	37
Valuation, ×
Valuation, ×	P/E	—	8.38	8.38	8.38	8.38	9.83	14.99	11.55	5.74	9.71
	P/S	—	6.06	6.06	6.06	6.06	6.16	4.56	3.13	2.94	2.39
	P/B	—	0.85	0.85	0.85	0.85	0.72	0.85	0.94	0.83	0.68
	EV/Sales	—	7.16	7.16	7.16	7.16	7.22	9.60	6.22	6.72	5.53
	EV/FCF	—	(4.99)	(4.99)	(4.99)	(4.99)	(8.38)	(2.87)	9.09	13.94	4.08
Cash, $m
Cash, $m	Operating cash flow	(3)	(118)	(173)	(134)	(106)	(61)	(360)	112	70	186
	Capex	—	—	—	—	—	—	—	—	—	—
	Free cash flow	(3)	(118)	(173)	(134)	(106)	(61)	(360)	112	70	186
Balance, $m
Balance, $m	Working capital	0	(11)	2	43	11	(1)	(2)	(11)	(10)	1
	Total debt	—	—	59	60	97	79	549	510	552	450
	Net debt	(1)	(8)	57	14	83	75	543	507	547	432
	Shareholders’ equity	3	127	167	376	466	606	576	547	515	485
Returns, %
Returns, %	ROA	(42.89)	(1.87)	5.14	6.71	8.13	6.62	3.43	3.99	6.78	3.32
	ROIC	(23.16)	(0.97)	3.26	5.83	4.34	4.08	3.34	4.64	3.75	3.88
	ROE	(51.57)	(2.20)	7.99	10.17	11.15	8.51	5.46	7.90	13.86	6.81

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ALTI AlTi Global, Inc.	$360.2M	— (loss-making)	49.7×	+10.78% (above 0%: growing)	n/m	+84.23% (above 0%: growing)	100.00%	(18.70%)	Compare
TCPC BLACKROCK TCP CAPITAL CORP.	$354.1M	— (loss-making)	9.4×	−22.23% (below 0%: shrinking)	n/m	+330.05% (above 0%: growing)	100.00%	82.80%	Compare
CION CION Investment Corporation	$341.5M	110×	20.1×	−4.69% (below 0%: shrinking)	+19.23% (above 0%: growing)	−50.31% (below 0%: shrinking)	100.00%	28.47%	Compare
CCAP Crescent Capital BDC, Inc.	$336.4M	— (loss-making)	15.9×	−15.51% (below 0%: shrinking)	n/m	−72.97% (below 0%: shrinking)	59.08%	37.45%	Compare
HRZN Horizon Technology Finance Corporation	$307.7M	10.7×	8.5×	+2.14% (above 0%: growing)	n/m	+149.05% (above 0%: growing)	100.00%	93.70%	Compare
PSBD Palmer Square Capital BDC Inc.	$299.2M	— (loss-making)	— (loss-making)	−13.83% (below 0%: shrinking)	+22.73% (above 0%: growing)	−48.13% (below 0%: shrinking)	100.00%	83.11%	Compare
RWAY Runway Growth Finance Corp.	$273.3M	57.5×	— (loss-making)	+5.35% (above 0%: growing)	+44.44% (above 0%: growing)	−65,337.04% (below 0%: shrinking)	100.00%	84.24%
SAR Saratoga Investment Corp	$236.8M	— (loss-making)	10.0×	+1.77% (above 0%: growing)	n/m	−43.85% (below 0%: shrinking)	100.00%	68.55%	Compare
LIEN Chicago Atlantic BDC, Inc.	$208.8M	6.6×	6.2×	+6.81% (above 0%: growing)	−28.95% (below 0%: shrinking)	+1,591.22% (above 0%: growing)	100.00%	61.95%	Compare
Median of peers	$322.0M	10.7×	10.0×	−1.46%	+19.23%	+20.19%	100.00%	65.25%

All 120 Asset Management stocks →

Runway Growth Finance Corp. (RWAY) key facts

Concern: Runway Growth Finance Corp.’s revenue for fiscal 2025 (year ended December 2025) was $137.3 million, down 5.05% from fiscal 2024.
Runway Growth Finance Corp. (RWAY) is an Asset Management company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, RWAY traded at $6.33, a market capitalization of $273.3 million.
Runway Growth Finance Corp. pays an annual dividend of $1.32 per share, a yield of 20.9%.
Return on equity was 6.81% and debt-to-equity 1.38.
Its Piotroski F-score is 7 out of 9 for fiscal 2025.