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.
- Symbol
- RWAY
- Exchange
- Nasdaq
- Sector
- Financial Services
- Industry
- Asset Management
- Market cap
- $283.69M
- 52 week range
- 5.19 - 10.5
Valuation
- Share price
- $6.74 (close of 2026-09-23)
- P/E (TTM)
- 56.00x
- Price to book
- 0.56x
- Price to free cash flow
- -3.76x
- Enterprise value
- $966.70M
- Book value per share
- $11.91
Price performance
| Period | Change |
|---|
| 1 day | +0.75% |
| 5 days | +2.12% |
| 1 month | +1.51% |
| 3 months | +25.05% |
| 6 months | -5.47% |
| Year to date | -24.52% |
| 1 year | -34.31% |
| 3 years | -47.63% |
| All time | -47.75% |
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)
- -26.57%
- Net debt to EBITDA
- 13.17x
Latest reported year
- Period end
- 2025-12-31
- 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 end | Net income | EPS |
|---|
| 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 end | Return on equity |
|---|
| 2025-12-31 | 7.02% |
| 2024-12-31 | 14.30% |
| 2023-12-31 | 8.11% |
| 2022-12-31 | 5.60% |
| 2021-12-31 | 7.53% |
| 2020-12-31 | 10.08% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 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 |
Free cash flow by year
| Period end | Free 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
- 2026-08-17
- Paid in the last twelve months
- $1.32
| Payment date | Dividend 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
Next earnings report
- Next confirmed report
- 2026-11-05
- Consensus EPS estimate
- $0.33
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-06 | Jun/2026 | $0.29 |
| 2026-05-07 | - | - |
| 2026-03-12 | - | - |
| 2025-11-06 | - | - |
| 2025-08-07 | - | - |
| 2025-05-12 | - | - |
| 2025-03-20 | - | - |
| 2024-11-12 | - | - |
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 · 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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