Runway Growth Finance Corp. (RWAY)

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.

Ticker
RWAY
Exchange
Nasdaq
Sector
Financial Services
Industry
Asset Management
Market cap
$277.28M
52-week range
$5.19 - $10.06

Valuation

Share price
$6.69 (close of Nov 6, 2026)
P/E (TTM)
41.81x
Price to book
0.56x
Price to free cash flow
-15.81x
Enterprise value
$814.61M
Book value per share
$11.94

Price performance

PeriodChange
1 day+9.31%
5 days+2.61%
1 month+4.86%
3 months+11.87%
6 months-1.76%
Year to date-25.08%
1 year-31.10%
3 years-48.14%
5 years-44.71%
All time-48.14%

Short interest

As of
Oct 15, 2026
Short % of float
10.27%
Shares short
3.54M
Days to cover
11.21
Change since prior report
-2.07%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
7.02%
Return on assets
3.55%
Net income growth
-53.74%
Free cash flow growth
167.08%

Cash flow and balance sheet

Free cash flow yield (TTM)
-6.32%
Net debt to EBITDA
9.39x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
EBITDA
$77.62M
Net income
$34.05M
Earnings per share
$0.93
Interest expense
$42.67M
Shares outstanding
36.70M

Income statement by year

Period endNet incomeEPS
2025-12-31$34.05M$0.93
2024-12-31$73.61M$1.89
2023-12-31$44.34M$1.09
2022-12-31$32.25M$0.79
2021-12-31$45.62M$1.33
2020-12-31$46.98M$1.70

Margins and returns by year

Period endReturn on equity
2025-12-317.02%
2024-12-3114.30%
2023-12-318.11%
2022-12-315.60%
2021-12-317.53%
2020-12-3110.08%

Cash and debt by year

Period endCashDebt
2025-12-31$18.18M$435.34M
2024-12-31$5.75M$552.33M
2023-12-31$2.97M$510.08M
2022-12-31$5.76M$548.96M
2021-12-31$4.70M$79.49M
2020-12-31$14.89M$97.42M
2019-12-31$45.80M$60.02M
2018-12-31$82.49M-
2017-12-31$8.14M-
2016-12-31$1.04M-

Free cash flow by year

Period endFree cash flow
2025-12-31$186.31M
2024-12-31$69.76M
2023-12-31$112.44M
2022-12-31-$359.85M
2021-12-31-$61.25M
2020-12-31-$106.09M

Dividend history

Most recent payment
Aug 17, 2026
Paid in the last twelve months
$1.32
Payment dateDividend per share
2026-08-17$0.33
2026-05-18$0.33
2026-03-10$0.33
2025-11-17$0.33
2025-08-18$0.36
2025-05-19$0.35
2025-03-31$0.36
2024-11-18$0.40

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-11-05Sep 2026$0.33
2026-08-06Jun 2026$0.29
2026-05-07Mar 2026$0.31
2026-03-12Dec 2025$0.36
2025-11-06Sep 2025$0.38
2025-08-07Jun 2025$0.39
2025-05-12Mar 2025$0.36
2025-03-20Dec 2024$0.42

Filings and sources

Company website
investors.runwaygrowth.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Understanding these figures

Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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