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6May 7, 2026·SEC
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Runway Growth Finance Corp. (RWAY) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Runway Growth Finance Corp. (RWAY) stock price & volume — 10-year historical chart
Runway Growth Finance Corp. (RWAY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Runway Growth Finance Corp. (RWAY) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 12, 2026 | $0.32vs $0.36-11.1% | $30Mvs $32M-6.0% |
| Q4 2025 | Nov 6, 2025 | $0.43vs $0.38+13.2% | $21Mvs $32M-33.6% |
| Q3 2025 | Aug 7, 2025 | $0.38vs $0.39-2.6% | $34Mvs $35M-4.2% |
| Q2 2025 | May 12, 2025 | $0.42vs $0.36+16.7% | $35Mvs $34M+3.3% |
Runway Growth Finance Corp. (RWAY) competitors in Small Business and Middle-Market Lending — business model, growth, and fundamentals comparison
Runway Growth Finance Corp. (RWAY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Runway Growth Finance Corp. (RWAY) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 0 | 19.03M | 53.26M | 53.95M | 62.14M | 91.26M | 120.44M | 82.82M | 94.66M | 69.15M |
| NII Growth % | - | - | 179.86% | 1.29% | 15.19% | 46.86% | 31.97% | -31.24% | 14.29% | -87.62% |
| Net Interest Margin % | 0% | 13.69% | 10.32% | 8.43% | 8.42% | 7.99% | 11.16% | 7.59% | 9.86% | 7.64% |
| Interest Income | 3.02B | 19.57M | 54.45M | 55.01M | 66.33M | 105.02M | 159.09M | 127.05M | 137.33M | 126.51M |
| Interest Expense | 0 | 532.73K | 1.19M | 1.06M | 4.19M | 13.76M | 38.64M | 44.23M | 42.67M | 44.26M |
| Loan Loss Provision | 0 | 0 | 0 | -150 | 0 | 0 | 0 | -5.9M | -12.5M | -22.98M |
| Non-Interest Income | -3.02B | -4.98M | -21.57M | -2.57M | -12.33M | -49.88M | -64.57M | -2.83M | 2.83M | -15.89M |
| Non-Interest Income % | -94683.97% | -34.16% | -65.62% | -4.9% | -22.84% | -90.46% | -68.31% | -2.28% | 2.02% | -14.36% |
| Total Revenue | 3.19M▲ 0% | 14.58M▲ 357.2% | 32.88M▲ 125.4% | 52.44M▲ 59.5% | 54M▲ 3.0% | 55.14M▲ 2.1% | 94.52M▲ 71.4% | 124.22M▲ 31.4% | 140.16M▲ 12.8% | 110.63M▲ 0% |
| Revenue Growth % | - | 357.18% | 125.44% | 59.51% | 2.97% | 2.11% | 71.41% | 31.42% | 12.84% | 92.26% |
| Non-Interest Expense | 4.63M | 2.29M | 4.04M | 4.4M | 4.19M | 9.13M | 11.54M | 12.28M | 33.27M | 49.13M |
| Efficiency Ratio | 145.03% | 15.72% | 12.3% | 8.39% | 7.76% | 16.57% | 12.2% | 9.89% | 23.73% | 44.41% |
| Operating Income | -1.84M▲ 0% | 11.76M▲ 738.5% | 27.65M▲ 135.1% | 46.98M▲ 69.9% | 45.62M▼ 2.9% | 32.25M▼ 29.3% | 44.34M▲ 37.5% | 73.61M▲ 66.0% | 76.72M▲ 4.2% | 42.17M▲ 0% |
| Operating Margin % | -57.73% | 80.62% | 84.09% | 89.58% | 84.48% | 58.49% | 46.91% | 59.26% | 54.74% | 38.12% |
| Operating Income Growth % | -103.94% | 738.46% | 135.14% | 69.93% | -2.9% | -29.31% | 37.49% | 66.01% | 4.23% | - |
| Pretax Income | -1.44M▲ 0% | 11.76M▲ 918.6% | 27.65M▲ 135.1% | 46.98M▲ 69.9% | 45.62M▼ 2.9% | 32.25M▼ 29.3% | 44.34M▲ 37.5% | 73.61M▲ 66.0% | 34.05M▼ 53.7% | 32.18M▲ 0% |
| Pretax Margin % | -45.03% | 80.62% | 84.09% | 89.58% | 84.48% | 58.49% | 46.91% | 59.26% | 24.29% | 29.09% |
| Income Tax | 405.25K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | -28.22% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -1.44M▲ 0% | 11.76M▲ 918.6% | 27.65M▲ 135.1% | 46.98M▲ 69.9% | 45.62M▼ 2.9% | 32.25M▼ 29.3% | 44.34M▲ 37.5% | 73.61M▲ 66.0% | 34.05M▼ 53.7% | 32.18M▲ 0% |
| Net Margin % | -45.03% | 80.62% | 84.09% | 89.58% | 84.48% | 58.49% | 46.91% | 59.26% | 24.29% | 29.09% |
| Net Income Growth % | -59.05% | 918.6% | 135.14% | 69.93% | -2.9% | -29.31% | 37.49% | 66.01% | -53.74% | -49.26% |
| Net Income (Continuing) | -1.44M | 11.76M | 27.65M | 46.98M | 45.62M | 32.25M | 44.34M | 73.61M | 34.05M | 32.18M |
| EPS (Diluted) | -0.51▲ 0% | 0.28▲ 154.9% | 0.67▲ 139.3% | 1.14▲ 70.1% | 1.33▲ 16.7% | 0.79▼ 40.6% | 1.09▲ 38.0% | 1.89▲ 73.4% | 0.93▼ 50.8% | 0.89▲ 0% |
| EPS Growth % | 99.39% | 154.9% | 139.29% | 70.15% | 16.67% | -40.6% | 37.97% | 73.39% | -50.79% | -57.14% |
| EPS (Basic) | -0.51 | 0.28 | 0.67 | 1.14 | 1.33 | 0.79 | 1.09 | 1.89 | 0.93 | - |
| Diluted Shares Outstanding | 2.8M | 41.38M | 41.38M | 41.38M | 39.59M | 40.97M | 40.51M | 38.85M | 36.7M | 36.13M |
Runway Growth Finance Corp. (RWAY) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 8.14M | 82.49M | 45.8M | 14.89M | 4.7M | 5.76M | 2.97M | 5.75M | 18.18M | 34.36M |
| Cash & Due from Banks | 8.14M | 2.53M | 45.8M | 14.89M | 4.7M | 5.76M | 2.97M | 5.75M | 18.18M | 2.31M |
| Short Term Investments | 0 | 79.96M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 140.72B | 304.21M | 0 | 0 | 20.09M | 15.85M | 0 | 0 | 927.4M | 886.35M |
| Investments Growth % | - | -99.78% | -100% | - | - | -21.11% | -100% | - | - | -11.74% |
| Long-Term Investments | 0 | 224.25M | 0 | 0 | 20.09M | 15.85M | 0 | 0 | 927.4M | 1.87B |
| Accounts Receivables | 330.93K | 1.22M | 2.35M | 3.04M | 2.37M | 8.77M | 8.27M | 8.14M | 7.59M | 0 |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 68.22M | -308.25M | 467.98M | 621.83M | 710.25M | 1.11B | 1.07B | 1.08B | 6.94M | 0 |
| Total Current Assets | 81.1M | 83.87M | 48.31M | 18.06M | 8.02M | 14.53M | 11.24M | 13.89M | 25.77M | 10.85M |
| Total Non-Current Assets | 68.22M | 224.35M | 467.98M | 621.83M | 730.33M | 1.13B | 1.07B | 1.08B | 934.35M | 0 |
| Total Assets | 149.32M▲ 0% | 139.06M▼ 6.9% | 516.29M▲ 271.3% | 639.89M▲ 23.9% | 738.35M▲ 15.4% | 1.14B▲ 54.6% | 1.08B▼ 5.5% | 1.09B▲ 1.1% | 960.11M▼ 12.0% | 904.93M▲ 0% |
| Asset Growth % | 4121.71% | -6.87% | 271.27% | 23.94% | 15.39% | 54.64% | -5.48% | 1.13% | -12.03% | -38.28% |
| Return on Assets (ROA) | -1.88% | 8.15% | 8.44% | 8.13% | 6.62% | 3.43% | 3.99% | 6.78% | 3.32% | 3.33% |
| Accounts Payable | 19M | 80.7K | 75.09M | 70.12M | 45.02M | 6.22M | 6.76M | 7.74M | 0 | 0 |
| Total Debt | 0 | 138.93M | 60.02M | 97.42M | 79.49M | 548.96M | 510.08M | 552.33M | 449.92M | 0 |
| Net Debt | -8.14M | 136.4M | 14.22M | 82.53M | 74.79M | 543.2M | 507.11M | 546.58M | 431.74M | -2.31M |
| Long-Term Debt | 0 | 0 | 60.02M | 97.42M | 79.49M | 548.96M | 510.08M | 552.33M | 449.92M | 0 |
| Short-Term Debt | 0 | 138.93M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 100K | 4.86M | 6.11M | 7.64M | 10.54M | 15.24M | 16.41M | 10.79M | 0 |
| Total Current Liabilities | 19.28M | 140.75M | 75.09M | 70.12M | 45.02M | 6.22M | 6.76M | 7.74M | 0 | 0 |
| Total Non-Current Liabilities | 0 | 140.88M | 64.89M | 103.53M | 87.13M | 559.49M | 525.32M | 568.74M | 475.14M | 0 |
| Total Liabilities | 19.28M | 110.57K | 139.98M | 173.65M | 132.15M | 565.71M | 532.08M | 576.49M | 475.14M | 466.7M |
| Total Equity | 127.04M▲ 0% | 364.92M▲ 187.3% | 376.31M▲ 3.1% | 466.24M▲ 23.9% | 606.2M▲ 30.0% | 576.05M▼ 5.0% | 547.07M▼ 5.0% | 514.87M▼ 5.9% | 484.97M▼ 5.8% | 438.23M▲ 0% |
| Equity Growth % | 3554.08% | 187.25% | 3.12% | 23.9% | 30.02% | -4.97% | -5.03% | -5.89% | -5.81% | -23.73% |
| Equity / Assets (Capital Ratio) | 85.08% | 262.42% | 72.89% | 72.86% | 82.1% | 50.45% | 50.69% | 47.18% | 50.51% | 48.43% |
| Return on Equity (ROE) | -2.2% | 4.78% | 7.46% | 11.15% | 8.51% | 5.46% | 7.9% | 13.86% | 6.81% | 6.73% |
| Book Value per Share | 45.45 | 8.82 | 9.09 | 11.27 | 15.31 | 14.06 | 13.50 | 13.25 | 13.22 | 12.13 |
| Tangible BV per Share | 45.45 | 8.82 | 9.09 | 11.27 | 15.31 | 14.06 | 13.50 | 13.25 | 13.22 | 12.13 |
| Common Stock | 86.68K | 110.57K | 258.11K | 314.14K | 414K | 414K | 414K | 373K | 361K | 36.13B |
| Additional Paid-in Capital | 126.92M | 162.57M | 384.37M | 466.87M | 606.05M | 605.77M | 605.11M | 557.99M | 534.51M | 0 |
| Retained Earnings | 33.42K | 167.37M | -8.31M | -942.76K | -267K | -19.32M | -47.64M | -43.5M | -49.9M | 0 |
| Accumulated OCI | 0 | 167.37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | -10.82M | -10.82M | 0 | 0 | 0 |
| Preferred Stock | 0 | 4.69M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Runway Growth Finance Corp. (RWAY) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -117.96M | -172.93M | -133.58M | -106.09M | -61.25M | 48.98M | 112.44M | 50.49M | 34.56M | 186.31M |
| Operating CF Growth % | -3497.41% | -46.6% | 22.76% | 20.58% | 42.26% | 179.96% | 129.58% | -55.09% | -31.56% | -297.92% |
| Net Income | -1.44M | 11.76M | 27.65M | 46.98M | 45.62M | 32.25M | 44.34M | 73.61M | 0 | 32.18M |
| Depreciation & Amortization | -1.24B | -4.61M | -3.61M | 23.51M | -3.05M | 0 | 3.03M | 0 | -1.98M | -802K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -118.73M | -158.79M | -160.31M | -177.13M | -104.2M | 13.42M | 59.84M | -25.68M | 37.73M | -10.63M |
| Working Capital Changes | 2.2M | -21.28M | 2.7M | 549.19K | 370.81K | 3.31M | 5.23M | 2.56M | -1.19M | 5.37M |
| Cash from Investing | -48.01B | -170.27M | -138.81M | 168.61M | -120.84M | -453.82M | 0 | -22.93M | 148.26M | 42.33M |
| Purchase of Investments | -48.01B | -187.03M | -241.75M | 276.22M | -424.45M | -622.72M | 0 | -254.11M | -150.32M | -60.05M |
| Sale/Maturity of Investments | 0 | 16.75M | 102.94M | -107.61M | 303.6M | 168.9M | 0 | 231.18M | 298.58M | 210.13M |
| Net Investment Activity | -48.01B | -170.27M | -138.81M | 168.61M | -120.84M | -453.82M | 0 | -22.93M | 148.26M | 150.08M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -107.75M |
| Cash from Financing | 125.06M | 167.32M | 176.85M | 75.18M | 51.06M | 360.91M | -115.23M | -66.81M | -170.37M | -131.21M |
| Dividends Paid | 0 | -1.43M | -8.19M | -7.27M | -17.95M | -51.59M | -73.32M | -69.86M | -51.45M | -63.37M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -10.82M | 0 | -35.95M | -12.5M | -12.5M |
| Stock Issued | 125.06B | 30M | 190M | 50.32M | 119.29M | 16K | 0 | 0 | 0 | 0 |
| Net Stock Activity | 125.06B | 30M | 190M | 50.32M | 119.29M | -10.8M | 0 | -35.95M | -12.5M | -12.5M |
| Debt Issuance (Net) | 0 | 1000K | 1000K | 1000K | -1000K | 1000K | -1000K | 1000K | -1000K | 1000K |
| Other Financing | 125.06M | 79.24M | -6.46M | -5.87M | -32.29M | 0 | -1.91M | -1K | 0 | -10.31M |
| Net Change in Cash | 7.1M▲ 0% | -5.61M▼ 179.1% | 43.27M▲ 870.8% | -30.91M▼ 171.4% | -10.19M▲ 67.0% | 1.06M▲ 110.4% | -2.79M▼ 362.2% | 2.78M▲ 199.6% | 12.42M▲ 346.7% | -16.04M▲ 0% |
| Exchange Rate Effect | 48.01B | 170.27M | 138.81M | -168.61M | 120.84M | 45M | 0 | 42.03M | -26K | 54.01M |
| Cash at Beginning | 1.04M | 8.14M | 2.53M | 45.8M | 14.89M | 4.7M | 5.76M | 2.97M | 5.75M | 18.18M |
| Cash at End | 8.14M | 2.53M | 45.8M | 14.89M | 4.7M | 5.76M | 2.97M | 5.75M | 18.18M | 2.31M |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 38.1M | 0 | 0 | 9.51M |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -117.96M▲ 0% | -172.93M▼ 46.6% | -133.58M▲ 22.8% | -106.09M▲ 20.6% | -61.25M▲ 42.3% | 48.98M▲ 180.0% | 112.44M▲ 129.6% | 50.49M▼ 55.1% | 186.31M▲ 269.0% | 54.27M▲ 0% |
| FCF Growth % | -3497.41% | -46.6% | 22.76% | 20.58% | 42.26% | 179.96% | 129.58% | -55.09% | 269% | -9.75% |
Runway Growth Finance Corp. (RWAY) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -2.2% | 4.78% | 7.46% | 11.15% | 8.51% | 5.46% | 7.9% | 13.86% | 6.81% | 6.73% |
| Return on Assets (ROA) | -1.88% | 8.15% | 8.44% | 8.13% | 6.62% | 3.43% | 3.99% | 6.78% | 3.32% | 3.33% |
| Net Interest Margin | 0% | 13.69% | 10.32% | 8.43% | 8.42% | 7.99% | 11.16% | 7.59% | 9.86% | 7.64% |
| Efficiency Ratio | 145.03% | 15.72% | 12.3% | 8.39% | 7.76% | 16.57% | 12.2% | 9.89% | 23.73% | 44.41% |
| Equity / Assets | 85.08% | 262.42% | 72.89% | 72.86% | 82.1% | 50.45% | 50.69% | 47.18% | 50.51% | 48.43% |
| Book Value / Share | 45.45 | 8.82 | 9.09 | 11.27 | 15.31 | 14.06 | 13.5 | 13.25 | 13.22 | 12.13 |
| NII Growth | - | - | 179.86% | 1.29% | 15.19% | 46.86% | 31.97% | -31.24% | 14.29% | -25.06% |
| Dividend Payout | - | 12.15% | 29.63% | 15.47% | 39.34% | - | 146.17% | - | 151.1% | 119.45% |
Runway Growth Finance Corp. (RWAY) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 7, 2026·SEC
May 6, 2026·SEC
Apr 7, 2026·SEC
Runway Growth Finance Corp. (RWAY) stock FAQ — growth, dividends, profitability & financials explained
Runway Growth Finance Corp. (RWAY) grew revenue by 12.8% over the past year. This is steady growth.
Yes, Runway Growth Finance Corp. (RWAY) is profitable, generating $32.2M in net income for fiscal year 2025 (24.3% net margin).
Yes, Runway Growth Finance Corp. (RWAY) pays a dividend with a yield of 20.53%. This makes it attractive for income-focused investors.
Runway Growth Finance Corp. (RWAY) has a return on equity (ROE) of 6.8%. This is below average, suggesting room for improvement.
Runway Growth Finance Corp. (RWAY) has a net interest margin (NIM) of 9.9%. This indicates healthy earnings from lending activities.
Runway Growth Finance Corp. (RWAY) has an efficiency ratio of 23.7%. This is excellent, indicating strong cost control.
Runway Growth Finance Corp. (RWAY) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates