Symbols / RWAY Stock $6.65 -0.30% Runway Growth Finance Corp.

Financial Services • Asset Management • United States • NMS
RWAY (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Asset Management
CEO Mr. David R. Spreng
Exch · Country NMS · United States
Market Cap 282.39M
Enterprise Value 721.78M
Income -2.63M
Sales 131.38M
FCF (ttm) 20.63M
Book/sh 13.42
Cash/sh 0.05
Employees —
Insider 10d —
IPO Oct 21, 2021
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 150.54%
P/E —
Forward P/E 5.14
PEG 1.16
P/S 2.15
P/B 0.50
P/C —
EV/EBITDA —
EV/Sales 5.49
Quick Ratio 0.43
Current Ratio 0.59
Debt/Eq 100.79
LT Debt/Eq —
EPS (ttm) -0.08
EPS next Y 1.29
EPS Growth —
Revenue Growth -16.80%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-08-06
Earnings (prior) 2026-05-07
ROA 6.12%
ROE -0.56%
ROIC —
Gross Margin 100.00%
Oper. Margin 71.68%
Profit Margin -2.00%
Shs Outstand 42.46M
Shs Float —
Insider Own 0.91%
Instit Own 50.54%
Short Float 8.98%
Short Ratio 4.32
Short Interest 3.14M
52W High 11.40
vs 52W High -41.69%
52W Low 6.36
vs 52W Low 4.51%
Beta —
Impl. Vol. 22.99%
Rel Volume 1.86
Avg Volume 636.78K
Volume 1.18M
Target (mean) $8.61
Tgt Median $9.00
Tgt Low $6.50
Tgt High $10.00
# Analysts 7
Recom Buy
Prev Close $6.67
Price $6.65
Change -0.30%
About

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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$8.61
Mean price target
2. Current target
$6.65
Latest analyst target
3. DCF / Fair value
$8.74
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$6.65
Low
$6.50
High
$10.00
Mean
$8.61

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-14 main Wells Fargo Equal-Weight → Equal-Weight $7
2026-03-17 main B. Riley Securities Buy → Buy $10
2026-03-16 main Wells Fargo Equal-Weight → Equal-Weight $7
2026-03-13 main JP Morgan Neutral → Neutral $7
2025-11-19 main UBS Buy → Buy $12
2025-10-14 main UBS Buy → Buy $13
2025-10-01 main JP Morgan Neutral → Neutral $10
2025-09-05 init Clear Street — → Hold $11
2025-08-11 main B. Riley Securities Buy → Buy $12
2025-07-16 main UBS Buy → Buy $13
2025-05-28 down Wells Fargo Overweight → Equal-Weight $10
2025-04-28 main Wells Fargo Overweight → Overweight $10
2025-04-24 main JP Morgan Neutral → Neutral $9
2025-04-17 main UBS Buy → Buy $11
2025-04-01 main Compass Point Buy → Buy $12
2025-03-21 main JP Morgan Neutral → Neutral $11
2025-02-03 main JP Morgan Neutral → Neutral $11
2025-01-29 main Wells Fargo Overweight → Overweight $12
2024-12-02 up Wells Fargo Equal-Weight → Overweight $11
2024-10-29 main Wells Fargo Equal-Weight → Equal-Weight $10
News
RSS: Latest RWAY news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-09 CARLSON CAPITAL, L.P. Beneficial Owner of more than 10% of a Class of Security — 560,105 $6.59 $3,691,092
2025-11-17 OCM GROWTH HOLDINGS, L.L.C. Beneficial Owner of more than 10% of a Class of Security — 1,250,000 $9.05 $11,312,500
2025-08-08 OCM GROWTH HOLDINGS, L.L.C. Beneficial Owner of more than 10% of a Class of Security — 500,000 $10.80 $5,400,000
2025-07-01 OCM GROWTH HOLDINGS, L.L.C. Beneficial Owner of more than 10% of a Class of Security — 1,000,000 $10.45 $10,450,000
2025-04-01 OCM GROWTH HOLDINGS, L.L.C. Beneficial Owner of more than 10% of a Class of Security — 1,000,000 $10.35 $10,350,000
2024-12-19 SPRENG DAVID Chief Executive Officer — 1,000 $10.34 $10,340
2024-11-20 SPRENG DAVID Chief Executive Officer — 8,803 $10.18 $89,615
2024-11-20 RATERMAN THOMAS B Officer — 8,803 $10.18 $89,615
2024-11-19 SPRENG DAVID Chief Executive Officer — 20,743 $10.10 $209,655
2024-11-19 RATERMAN THOMAS B Chief Operating Officer — 20,743 $10.10 $209,655
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
47.34
-44.88%
85.89
+53.72%
55.88
+35.02%
41.38
Operating Revenue
47.34
-44.88%
85.89
+53.72%
55.88
+35.02%
41.38
Operating Expense
13.29
+8.26%
12.28
+6.47%
11.54
+26.29%
9.13
Selling General And Administration
6.69
+11.69%
5.99
-5.97%
6.37
+9.11%
5.84
General And Administrative Expense
6.69
+11.69%
5.99
-5.97%
6.37
+9.11%
5.84
Other Operating Expenses
6.61
+4.99%
6.29
+21.80%
5.17
+56.71%
3.30
Net Income
34.05
-53.74%
73.61
+66.01%
44.34
+37.49%
32.25
Pretax Income
34.05
-53.74%
73.61
+66.01%
44.34
+37.49%
32.25
Net Interest Income
96.84
-6.18%
103.22
-14.30%
120.44
+31.97%
91.26
Interest Expense
36.95
-3.60%
38.33
-0.82%
38.64
+180.91%
13.76
Interest Income
133.79
-5.48%
141.55
-11.02%
159.09
+51.48%
105.02
Gain On Sale Of Security
2.83
+196.46%
-2.94
+84.02%
-18.39
-1632.99%
-1.06
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
34.05
-53.74%
73.61
+66.01%
44.34
+37.49%
32.25
Net Income From Continuing Operation Net Minority Interest
34.05
-53.74%
73.61
+66.01%
44.34
+37.49%
32.25
Net Income From Continuing And Discontinued Operation
34.05
-53.74%
73.61
+66.01%
44.34
+37.49%
32.25
Net Income Continuous Operations
34.05
-53.74%
73.61
+66.01%
44.34
+37.49%
32.25
Normalized Income
34.05
-53.74%
73.61
+66.01%
44.34
+37.49%
32.25
Net Income Common Stockholders
34.05
-53.74%
73.61
+66.01%
44.34
+37.49%
32.25
Diluted EPS
0.93
-50.91%
1.89
+73.39%
1.09
+37.97%
0.79
Basic EPS
0.93
-50.79%
1.89
+73.39%
1.09
+37.97%
0.79
Basic Average Shares
36.70
-5.54%
38.85
-4.09%
40.51
-1.13%
40.97
Diluted Average Shares
36.70
-5.54%
38.85
-4.09%
40.51
-1.13%
40.97
Diluted NI Availto Com Stockholders
34.05
-53.74%
73.61
+66.01%
44.34
+37.49%
32.25
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
960.11
-12.03%
1,091.36
+1.13%
1,079.15
-5.48%
1,141.77
Cash And Cash Equivalents
18.18
+216.03%
5.75
+93.64%
2.97
-48.45%
5.76
Receivables
7.59
-6.72%
8.14
-1.55%
8.27
-5.67%
8.77
Prepaid Assets
—
—
—
—
Investments And Advances
927.40
-13.88%
1,076.84
+0.92%
1,067.01
-5.26%
1,126.31
Total Liabilities Net Minority Interest
475.14
-17.58%
576.49
+8.35%
532.08
-5.95%
565.71
Payables
21.20
-2.97%
21.85
+13.42%
19.26
+28.18%
15.03
Accounts Payable
6.76
-12.75%
7.74
+14.47%
6.76
+8.73%
6.22
Other Payable
14.44
+2.40%
14.11
+12.85%
12.50
+41.92%
8.81
Long Term Debt And Capital Lease Obligation
449.92
-18.54%
552.33
+8.28%
510.08
-7.08%
548.96
Stockholders Equity
484.97
-5.81%
514.87
-5.89%
547.07
-5.03%
576.05
Common Stock Equity
484.97
-5.81%
514.87
-5.89%
547.07
-5.03%
576.05
Capital Stock
0.36
-3.22%
0.37
-9.90%
0.41
+0.00%
0.41
Common Stock
0.36
-3.22%
0.37
-9.90%
0.41
+0.00%
0.41
Share Issued
41.38
+0.00%
41.38
0.00%
41.38
+0.00%
41.38
Ordinary Shares Number
36.13
-3.25%
37.35
-7.81%
40.51
+0.00%
40.51
Treasury Shares Number
5.25
+30.09%
4.03
+362.86%
0.87
+0.00%
0.87
Additional Paid In Capital
534.51
-4.21%
557.99
-7.79%
605.11
-0.11%
605.77
Retained Earnings
-49.90
-14.72%
-43.50
+8.69%
-47.64
-146.57%
-19.32
Treasury Stock
—
0.00
-100.00%
10.82
+0.00%
10.82
Total Equity Gross Minority Interest
484.97
-5.81%
514.87
-5.89%
547.07
-5.03%
576.05
Total Capitalization
934.88
-12.40%
1,067.20
+0.95%
1,057.15
-6.03%
1,125.01
Invested Capital
934.88
-12.40%
1,067.20
+0.95%
1,057.15
-6.03%
1,125.01
Total Debt
449.92
-18.54%
552.33
+8.28%
510.08
-7.08%
548.96
Net Debt
431.74
-21.01%
546.58
+7.78%
507.11
-6.64%
543.20
Net Tangible Assets
484.97
-5.81%
514.87
-5.89%
547.07
-5.03%
576.05
Tangible Book Value
484.97
-5.81%
514.87
-5.89%
547.07
-5.03%
576.05
Available For Sale Securities
—
—
42.00
—
Cash Cash Equivalents And Federal Funds Sold
18.18
+216.03%
5.75
+93.64%
2.97
-48.45%
5.76
Derivative Product Liabilities
0.71
0.00
—
—
Financial Assets Designatedas Fair Value Through Profitor Loss Total
927.40
-13.88%
1,076.84
+5.06%
1,025.01
-8.99%
1,126.31
Investmentin Financial Assets
927.40
-13.88%
1,076.84
+0.92%
1,067.01
-5.26%
1,126.31
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
186.31
+167.08%
69.76
-37.96%
112.44
+131.25%
-359.85
Net Income From Continuing Operations
34.05
-53.74%
73.61
+66.01%
44.34
+37.49%
32.25
Other Non Cash Items
-17.64
-12.67%
-15.65
+38.81%
-25.58
-81.05%
-14.13
Gain Loss On Investment Securities
171.09
+1751.23%
9.24
-89.49%
87.91
+123.06%
-381.27
Change In Working Capital
-1.19
-146.52%
2.56
-55.62%
5.77
+74.45%
3.31
Change In Receivables
0.55
+327.34%
0.13
-74.25%
0.50
+108.60%
-5.78
Change In Prepaid Assets
—
—
—
—
Change In Accrued Expense
1.01
+333.10%
-0.43
-142.98%
1.01
+1000.00%
0.09
Change In Payable
-0.65
-125.11%
2.58
-38.96%
4.24
-51.71%
8.77
Change In Other Current Assets
-2.10
-845.74%
0.28
+1028.00%
0.03
-88.99%
0.23
Change In Other Current Liabilities
0.00
0.00
0.00
0.00
Financing Cash Flow
-173.90
-159.63%
-66.98
+41.87%
-115.23
-131.93%
360.91
Net Issuance Payments Of Debt
-106.42
-372.88%
39.00
+197.50%
-40.00
-108.36%
478.25
Issuance Of Debt
327.08
+55.01%
211.00
-10.21%
235.00
-65.76%
686.25
Repayment Of Debt
-433.50
-152.03%
-172.00
+37.45%
-275.00
-32.21%
-208.00
Long Term Debt Issuance
327.08
+55.01%
211.00
-10.21%
235.00
-65.76%
686.25
Long Term Debt Payments
-433.50
-152.03%
-172.00
+37.45%
-275.00
-32.21%
-208.00
Net Long Term Debt Issuance
-106.42
-372.88%
39.00
+197.50%
-40.00
-108.36%
478.25
Net Common Stock Issuance
-12.50
+65.23%
-35.95
0.00
+100.00%
-10.82
Common Stock Payments
-12.50
+65.23%
-35.95
0.00
+100.00%
-10.82
Common Stock Dividend Paid
-51.45
+26.35%
-69.86
+4.72%
-73.32
-42.12%
-51.59
Cash Dividends Paid
-51.45
+26.35%
-69.86
+4.72%
-73.32
-42.12%
-51.59
Repurchase Of Capital Stock
-12.50
+65.23%
-35.95
0.00
+100.00%
-10.82
Net Other Financing Charges
0.00
+100.00%
-0.00
0.00
+100.00%
-44.76
Changes In Cash
12.42
+346.53%
2.78
+199.64%
-2.79
-362.31%
1.06
Effect Of Exchange Rate Changes
0.01
0.00
0.00
—
Beginning Cash Position
5.75
+93.64%
2.97
-48.45%
5.76
+22.65%
4.70
End Cash Position
18.18
+216.03%
5.75
+93.64%
2.97
-48.45%
5.76
Free Cash Flow
186.31
+167.08%
69.76
-37.96%
112.44
+131.25%
-359.85
Common Stock Issuance
—
—
0.00
0.00
Issuance Of Capital Stock
—
—
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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