Financial Services -
Financial - Credit Services - NASDAQ - US
$ 8.83
-8.12 %
$ 330 M
Market Cap
4.67
P/E
1. INTRINSIC VALUE
Balance Sheet
Runway Growth Finance Corp.
| Current Assets | 13.9 M |
| Cash & Short-Term Investments | 5.75 M |
| Receivables | 8.14 M |
| Other Current Assets | 0 |
| Non-Current Assets | 1.08 B |
| Long-Term Investments | 1.08 B |
| PP&E | 0 |
| Other Non-Current Assets | 0 |
| Current Liabilities | 21.8 M |
| Accounts Payable | 7.74 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 14.1 M |
| Non-Current Liabilities | 0 |
| Long-Term Debt | 0 |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
Runway Growth Finance Corp.
| Revenue | 145 M |
| Cost Of Revenue | 0 |
| Gross Profit | 145 M |
| Operating Expenses | 80.9 M |
| Operating Income | 63.8 M |
| Other Expenses | -9.86 M |
| Net Income | 73.6 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Runway Growth Finance Corp.
| Net Income | 73.6 M |
| Depreciation & Amortization | -3.39 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 0 |
| Change in Working Capital | 2.56 M |
| Others | -591 K |
| Free Cash Flow | 69.8 M |
Wall Street Analysts Price Targets
Runway Growth Finance Corp.
Wall Street analysts predict an average 1-year price target for RWAY of $12.4 , with forecasts ranging from
a
low of
$11 to a high of $14.5 .
RWAY Lowest Price Target
Wall Street Target
11 USD
24.58%
RWAY Average Price Target
Wall Street Target
12.4 USD
40.86%
RWAY Highest Price Target
Wall Street Target
14.5 USD
64.21%
4. DIVIDEND
ANALYSIS
3.51%
DIVIDEND YIELD
0.36 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Runway Growth Finance Corp.
Sold
0-3 MONTHS
10.4 M USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
54.4 M USD 1
Bought
0 USD 0
0-3 MONTHS
609 K USD 2
3-6 MONTHS
101 K USD 2
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Yield-Hunting Part 15: Runway Growth Finance And Its Close To 8% YTM Baby Bond
Runway Growth Finance offers an attractive yield, with a solid credit score, making it a compelling low-duration investment pick. Runway Growth Finance's portfolio is well diversified, primarily in application software, and has a total asset value of approximately $1.08 billion. Despite a high expense ratio and some debt structure issues, RWAY maintains strong profitability and asset quality metrics.
seekingalpha.com
- 1 month ago
Runway Growth Extends Credit Facility and Enhances Governance Profile
MENLO PARK, Calif., March 21, 2025 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today provided two operational updates. On March 18, 2025, the Company amended and extended its credit agreement with KeyBank National Association (“KeyBank”). In addition, the Board of Directors (the “Board”) has also expanded the size of the Board from five members to eight members, as previously disclosed.
globenewswire.com
- 1 month ago
Runway Growth Finance Corp. (RWAY) Q4 2024 Earnings Call Transcript
Runway Growth Finance Corp. (NASDAQ:RWAY ) Q4 2024 Earnings Conference Call March 20, 2024 5:00 PM ET Company Participants Quinlan Abel - Assistant VP, IR David Spreng - Chairman and CEO Greg Greifeld - CIO, Runway Growth Capital Tom Raterman - CFO and COO Conference Call Participants Casey Alexander - Compass Point Research & Trading Finian O'Shea - Wells Fargo Melissa Wedel - JPMorgan Cory Johnson - UBS Erik Zwick - Lucid Capital Markets Operator Ladies and gentlemen, thank you for standing by and welcome to the Runway Growth Finance Fourth Quarter and Fiscal Year Ended 2024 Earnings Conference Call. Please be advised that today's conference is being recorded.
seekingalpha.com
- 1 month ago
Runway Growth Finance Corp. (RWAY) Misses Q4 Earnings and Revenue Estimates
Runway Growth Finance Corp. (RWAY) came out with quarterly earnings of $0.39 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.45 per share a year ago.
zacks.com
- 1 month ago
Runway Growth Finance Corp. Reports Fourth Quarter and Fiscal Year 2024 Financial Results
Delivered Total and Net Investment Income of $33.8 million and $14.6 million, Respectively Investment Portfolio of $1.1 billion Conference Call Today, Thursday, March 20, 2025 at 5:00 p.m. ET MENLO PARK, Calif.
globenewswire.com
- 1 month ago
Runway Growth Capital Names Greg Greifeld Chief Investment Officer
Mr. Greifeld was elevated to CIO role after serving as Managing Director, Deputy Chief Investment Officer, and Head of Credit. MENLO PARK, Calif.
prnewswire.com
- 1 month ago
Runway Growth: In An Excellent Position To Trade Closer To NAV
BCP Credit's acquisition of Runway Capital aims to enhance deal access, capital commitment, and operational efficiency for RWAY, potentially boosting its stock performance. RWAY's stock has faced technical pressure due to OCM's large ownership and sales, but BCP Credit's involvement could stabilize the stock closer to its NAV. RWAY's portfolio shows strong credit acumen with low default rates and high yields, but its stock performance hinges on portfolio stability and dividend sustainability.
seekingalpha.com
- 1 month ago
Runway Growth Capital Leads $75 Million Loan Facility as Part of $120 Million Financing for Piano
The funding will enable Piano to enhance its platform capabilities, expand its market presence, and support strategic initiatives aimed at driving growth and delivering innovative digital solutions to its clients MENLO PARK, Calif. , Feb. 6, 2025 /PRNewswire/ -- Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, today announced its role as the lead lender in a $75 million senior secured term loan facility that is part of a $120 million financing to Piano , a global leader in digital experience management, customer journey orchestration, and advanced analytics.
prnewswire.com
- 2 months ago
Runway Growth Finance Corp. Announces Date for Fourth Quarter and Full Year 2024 Financial Results and Conference Call
MENLO PARK, Calif., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced that it will release its fourth quarter and full year 2024 financial results after market close on Thursday, March 20, 2025. Runway Growth will discuss its financial results on a conference call that day at 2:00 p.m. PT (5:00 p.m. ET).
globenewswire.com
- 2 months ago
BDC Dividends: One Is Likely To Go Up, One Is About To Get Cut
BDCs are primarily income-producing assets. When the market conditions become very favorable, as in 2022/2023, BDCs can also deliver income growth and tangible price returns. Yet, the prevailing market environment is not accommodative for BDCs.
seekingalpha.com
- 2 months ago
Mount Logan Capital Inc. Completes Strategic Minority Investment in Runway Growth Capital LLC
All amounts are stated in United States dollars, unless otherwise indicated All amounts are stated in United States dollars, unless otherwise indicated
globenewswire.com
- 2 months ago
Runway Growth Capital Closes Acquisition by BC Partners Credit and Mount Logan Capital
Runway Growth Capital will continue to operate independently and serve as the external investment adviser to Runway Growth Finance Corp. (Nasdaq: RWAY), with the current team remaining in place Runway Growth Capital will leverage BC Partners Credit's extensive platform, resources, and scale to accelerate capital formation and diversify financing options for both investors and borrowers MENLO PARK, Calif. and NEW YORK , Jan. 30, 2025 /PRNewswire/ -- Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, and BC Partners Credit, the $8 billion credit arm of BC Partners, an approximately $40 billion AUM alternative investment firm, today announced that they, along with Mount Logan Capital, a Canadian alternative asset management company internally managed by employees of BC Partners Credit, closed a transaction whereby private investment funds advised by BC Partners Credit, and Mount Logan Capital pursuant to its minority investment, have acquired Runway Growth Capital LLC.
prnewswire.com
- 2 months ago
8. Profile
Summary
Runway Growth Finance Corp. RWAY
COUNTRY
US
INDUSTRY
Financial - Credit Services
MARKET CAP
$ 330 M
Dividend Yield
3.51%
Description
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.
Contact
2925 Woodside Road, Woodside, CA, 94062
https://investors.runwaygrowth.com
IPO
Date
Oct. 21, 2021
Employees
None
Officers
Ms. Colleen Corwell
Chief Compliance Officer
Mr. Ted Cavan
Managing Director of Technology
Ms. Quinlan Abel
Assistant Vice President of Investor Relations
Mr. Jeff Goldrich
Managing Director of Technology
Mr. Thomas B. Raterman
Chief Financial Officer, Chief Operating Officer, Secretary & Treasurer
Mr. Greg Greifeld
Chief Investment Officer
Mr. David R. Spreng
Founder, President, Chief Executive Officer & Director