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Runway Growth Finance Corp. (RWAY) 10-Year Financial Performance & Capital Metrics

RWAY • • Banking & Credit
Financial ServicesCredit ServicesBusiness Development & Commercial LendingBusiness Development Companies
AboutRunway 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.Show more
  • Net Interest Income $83M -31.2%
  • Total Revenue $124M +31.4%
  • Net Income $74M +66.0%
  • Return on Equity 13.86% +75.6%
  • Net Interest Margin 7.59% -32.0%
  • Efficiency Ratio 9.89% -19.0%
  • ROA 6.78% +69.9%
  • Equity / Assets 47.18% -6.9%
  • Book Value per Share 13.25 -1.9%
  • Tangible BV/Share 13.25 -1.9%
  • Debt/Equity 1.07 +15.1%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 21.6%
  • ✓Strong Piotroski F-Score: 7/9
  • ✓Strong NIM of 7.6%
  • ✓Efficient operations: 9.9% efficiency ratio
  • ✓Well capitalized: 47.2% equity/assets
  • ✓Share count reduced 4.1% through buybacks

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y30.45%
3Y32.01%
TTM-

Profit (Net Income) CAGR

10Y-
5Y21.63%
3Y17.29%
TTM35.22%

EPS CAGR

10Y-
5Y23.05%
3Y12.43%
TTM97.12%

ROCE

10Y Avg3.67%
5Y Avg6.18%
3Y Avg4.79%
Latest6.83%

Peer Comparison

Business Development Companies
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Valuation
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Quality & Returns
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Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
OCSLOaktree Specialty Lending Corporation1.15B13.0033.3360.93%11.32%2.31%19.94%1.01
CGBDLCarlyle Secured Lending, Inc. 8.20% Notes due 20281.86B25.4816.13-11.85%45.8%3.02%4.09%1.06
SAJSaratoga Investment Corp 8.00%411.55M25.4912.6235.4%29.83%9.33%48%1.99
FCRXCrescent Capital BDC, Inc.25.0512.597.18%37.32%5.04%1.18
SAZSaratoga Investment Corp 8.50%410.13M25.4012.5835.4%29.83%9.33%48.17%1.99
SAYSaratoga Investment Corp 8.125%25.3912.5735.4%29.83%9.33%1.99
BBDCBarings BDC, Inc.975.87M9.288.92-27.7%52.74%6.68%12.08%1.22
OBDCBlue Owl Capital Corporation6.51B12.738.32-13.67%54.06%8.71%2.46%1.25

Profit & Loss

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Net Interest Income+0019.03M53.26M53.95M62.14M91.26M120.44M82.82M
NII Growth %---1.8%0.01%0.15%0.47%0.32%-0.31%
Net Interest Margin %---------
Interest Income03.02B19.57M54.45M55.01M66.33M105.02M159.09M127.05M
Interest Expense4840532.73K1.19M1.06M4.19M13.76M38.64M44.23M
Loan Loss Provision-484000-150000-5.9M
Non-Interest Income+0-3.02B-4.98M-21.57M-2.57M-12.33M-49.88M-64.57M-2.83M
Non-Interest Income %---------
Total Revenue+03.19M14.58M32.88M52.44M54M55.14M94.52M124.22M
Revenue Growth %--3.57%1.25%0.6%0.03%0.02%0.71%0.31%
Non-Interest Expense903.04K4.63M2.29M4.04M4.4M4.19M9.13M11.54M12.28M
Efficiency Ratio---------
Operating Income+-902.98K-1.84M11.76M27.65M46.98M45.62M32.25M44.34M73.61M
Operating Margin %---------
Operating Income Growth %--1.04%7.38%1.35%0.7%-0.03%-0.29%0.37%0.66%
Pretax Income+-903.04K-1.44M11.76M27.65M46.98M45.62M32.25M44.34M73.61M
Pretax Margin %---------
Income Tax+-61405.25K0000000
Effective Tax Rate %---------
Net Income+-903.04K-1.44M11.76M27.65M46.98M45.62M32.25M44.34M73.61M
Net Margin %---------
Net Income Growth %--0.59%9.19%1.35%0.7%-0.03%-0.29%0.37%0.66%
Net Income (Continuing)-903.04K-1.44M11.76M27.65M46.98M45.62M32.25M44.34M73.61M
EPS (Diluted)+-83.82-0.510.280.671.141.330.791.091.89
EPS Growth %-0.99%1.55%1.39%0.7%0.17%-0.41%0.38%0.73%
EPS (Basic)-83.82-0.510.280.671.141.330.791.091.89
Diluted Shares Outstanding10.77K2.8M41.38M41.38M41.38M39.59M40.97M40.51M38.85M

Balance Sheet

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash & Short Term Investments+1000K1000K1000K1000K1000K1000K1000K1000K1000K
Cash & Due from Banks1.04M8.14M2.53M45.8M14.89M4.7M5.76M2.97M5.75M
Short Term Investments001000K000000
Total Investments+0140.72B304.21M0020.09M15.85M00
Investments Growth %---1%-1%---0.21%-1%-
Long-Term Investments00224.25M0020.09M15.85M00
Accounts Receivables0330.93K1000K1000K1000K1000K1000K1000K1000K
Goodwill & Intangibles+---------
Goodwill000000000
Intangible Assets000000000
PP&E (Net)000000000
Other Assets068.22M-308.25M467.98M621.83M710.25M1.11B1.07B1.08B
Total Current Assets4.19M81.1M83.87M48.31M18.06M8.02M14.53M11.24M13.89M
Total Non-Current Assets068.22M224.35M467.98M621.83M730.33M1.13B1.07B1.08B
Total Assets+3.54M149.32M139.06M516.29M639.89M738.35M1.14B1.08B1.09B
Asset Growth %-41.22%-0.07%2.71%0.24%0.15%0.55%-0.05%0.01%
Return on Assets (ROA)-0.26%-0.02%0.08%0.08%0.08%0.07%0.03%0.04%0.07%
Accounts Payable019M80.7K75.09M70.12M45.02M6.22M6.76M7.74M
Total Debt+00138.93M60.02M97.42M79.49M548.96M510.08M552.33M
Net Debt-1.04M-8.14M136.4M14.22M82.53M74.79M543.2M507.11M546.58M
Long-Term Debt00060.02M97.42M79.49M548.96M510.08M552.33M
Short-Term Debt00138.93M000000
Other Liabilities00100K4.86M6.11M7.64M10.54M15.24M16.41M
Total Current Liabilities60.18K19.28M140.75M75.09M70.12M45.02M6.22M6.76M7.74M
Total Non-Current Liabilities00140.88M64.89M103.53M87.13M559.49M525.32M568.74M
Total Liabilities60.18K19.28M110.57K139.98M173.65M132.15M565.71M532.08M576.49M
Total Equity+3.48M127.04M364.92M376.31M466.24M606.2M576.05M547.07M514.87M
Equity Growth %-35.54%1.87%0.03%0.24%0.3%-0.05%-0.05%-0.06%
Equity / Assets (Capital Ratio)---------
Return on Equity (ROE)-0.26%-0.02%0.05%0.07%0.11%0.09%0.05%0.08%0.14%
Book Value per Share322.6945.458.829.0911.2715.3114.0613.5013.25
Tangible BV per Share---------
Common Stock3.35K86.68K110.57K258.11K314.14K414K414K414K373K
Additional Paid-in Capital3.8M126.92M162.57M384.37M466.87M606.05M605.77M605.11M557.99M
Retained Earnings033.42K167.37M-8.31M-942.76K-267K-19.32M-47.64M-43.5M
Accumulated OCI-331.06K0167.37M000000
Treasury Stock000000-10.82M-10.82M0
Preferred Stock004.69M000000

Cash Flow

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-3.28M-117.96M-172.93M-133.58M-106.09M-61.25M48.98M112.44M50.49M
Operating CF Growth %--34.97%-0.47%0.23%0.21%0.42%1.8%1.3%-0.55%
Net Income-903.04K-1.44M11.76M27.65M46.98M45.62M32.25M44.34M73.61M
Depreciation & Amortization61-1.24B-4.61M-3.61M23.51M-3.05M03.03M0
Deferred Taxes000000000
Other Non-Cash Items-3M-118.73M-158.79M-160.31M-177.13M-104.2M13.42M59.84M-25.68M
Working Capital Changes623.89K2.2M-21.28M2.7M549.19K370.81K3.31M5.23M2.56M
Cash from Investing+0-48.01B-170.27M-138.81M168.61M-120.84M-453.82M0-22.93M
Purchase of Investments0-48.01B-187.03M-241.75M276.22M-424.45M-622.72M0-254.11M
Sale/Maturity of Investments001000K1000K-1000K1000K1000K01000K
Net Investment Activity---------
Acquisitions000000000
Other Investing000000000
Cash from Financing+4.29M125.06M167.32M176.85M75.18M51.06M360.91M-115.23M-66.81M
Dividends Paid00-1.43M-8.19M-7.27M-17.95M-51.59M-73.32M-69.86M
Share Repurchases000000-10.82M0-35.95M
Stock Issued0125.06B30M190M50.32M119.29M16K00
Net Stock Activity---------
Debt Issuance (Net)001000K1000K1000K-1000K1000K-1000K1000K
Other Financing4.29M125.06M79.24M-6.46M-5.87M-32.29M0-1.91M-1K
Net Change in Cash+1.01M7.1M-5.61M43.27M-30.91M-10.19M1.06M-2.79M2.78M
Exchange Rate Effect01000K1000K1000K-1000K1000K1000K01000K
Cash at Beginning25K1.04M8.14M2.53M45.8M14.89M4.7M5.76M2.97M
Cash at End1.04M8.14M2.53M45.8M14.89M4.7M5.76M2.97M5.75M
Interest Paid000000038.1M0
Income Taxes Paid000000000
Free Cash Flow+-3.28M-117.96M-172.93M-133.58M-106.09M-61.25M48.98M112.44M50.49M
FCF Growth %--34.97%-0.47%0.23%0.21%0.42%1.8%1.3%-0.55%

Banking Ratios

Metric201620172018201920202021202220232024
Return on Equity (ROE)-25.97%-2.2%4.78%7.46%11.15%8.51%5.46%7.9%13.86%
Return on Assets (ROA)-25.53%-1.88%8.15%8.44%8.13%6.62%3.43%3.99%6.78%
Net Interest Margin0%0%13.69%10.32%8.43%8.42%7.99%11.16%7.59%
Efficiency Ratio-145.03%15.72%12.3%8.39%7.76%16.57%12.2%9.89%
Equity / Assets98.3%85.08%262.42%72.89%72.86%82.1%50.45%50.69%47.18%
Book Value / Share322.6945.458.829.0911.2715.3114.0613.513.25
NII Growth---179.86%1.29%15.19%46.86%31.97%-31.24%
Dividend Payout--12.15%29.63%15.47%39.34%-146.17%-

Frequently Asked Questions

Valuation & Price

Runway Growth Finance Corp. (RWAY) has a price-to-earnings (P/E) ratio of 5.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Runway Growth Finance Corp. (RWAY) grew revenue by 31.4% over the past year. This is strong growth.

Yes, Runway Growth Finance Corp. (RWAY) is profitable, generating $54.9M in net income for fiscal year 2024 (59.3% net margin).

Dividend & Returns

Yes, Runway Growth Finance Corp. (RWAY) pays a dividend with a yield of 18.75%. This makes it attractive for income-focused investors.

Runway Growth Finance Corp. (RWAY) has a return on equity (ROE) of 13.9%. This is reasonable for most industries.

Industry Metrics

Runway Growth Finance Corp. (RWAY) has a net interest margin (NIM) of 7.6%. This indicates healthy earnings from lending activities.

Runway Growth Finance Corp. (RWAY) has an efficiency ratio of 9.9%. This is excellent, indicating strong cost control.

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