RWAY Stock - Runway Growth Finance Corp.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $124.22M | $94.52M | $55.14M | $54.00M | $52.44M |
| Gross Profit | $85.89M | $55.88M | $41.38M | $49.81M | $51.38M |
| Gross Margin | 69.1% | 59.1% | 75.1% | 92.2% | 98.0% |
| Operating Income | $73.61M | $44.34M | $32.25M | $45.62M | $46.98M |
| Net Income | $73.61M | $44.34M | $32.25M | $45.62M | $46.98M |
| Net Margin | 59.3% | 46.9% | 58.5% | 84.5% | 89.6% |
| EPS | $1.89 | $1.09 | $0.79 | $1.33 | $1.14 |
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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| May 28th 2025 | Wells Fargo | Downgrade | Equal Weight | $9.5 |
| December 2nd 2024 | Wells Fargo | Upgrade | Overweight | - |
| August 15th 2024 | Compass Point | Upgrade | Buy | $11.25← $12.75 |
| June 28th 2024 | BofA Securities | Initiation | Neutral | $12 |
| May 8th 2024 | Compass Point | Downgrade | Neutral | $12.75 |
| March 8th 2024 | Oppenheimer | Downgrade | Perform | - |
| March 8th 2024 | B. Riley Securities | Downgrade | Neutral | $13.5← $14.5 |
| March 8th 2024 | Ladenburg Thalmann | Downgrade | Neutral | - |
| March 8th 2024 | JP Morgan | Downgrade | Neutral | $12.5← $13.5 |
| April 24th 2023 | Janney | Initiation | Neutral | $12 |
| April 18th 2023 | Wells Fargo | Downgrade | Equal Weight | $12← $14.25 |
| September 16th 2022 | B. Riley Securities | Resumed | Buy | $12.5 |
| April 22nd 2022 | Ladenburg Thalmann | Initiation | Buy | $15.5 |
Earnings History & Surprises
RWAYEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Mar 19, 2026 | $0.37 | — | — | — |
Q4 2025 | Nov 6, 2025 | $0.38 | $0.43 | +13.2% | ✓ BEAT |
Q3 2025 | Aug 7, 2025 | $0.39 | $0.38 | -2.6% | ✗ MISS |
Q2 2025 | May 12, 2025 | $0.36 | $0.42 | +16.7% | ✓ BEAT |
Q1 2025 | Mar 20, 2025 | $0.42 | $0.39 | -7.1% | ✗ MISS |
Q4 2024 | Nov 12, 2024 | $0.45 | $0.41 | -8.9% | ✗ MISS |
Q3 2024 | Aug 8, 2024 | $0.43 | $0.37 | -14.0% | ✗ MISS |
Q2 2024 | May 7, 2024 | $0.46 | $0.46 | 0.0% | = MET |
Q1 2024 | Mar 7, 2024 | $0.49 | $0.45 | -8.2% | ✗ MISS |
Q4 2023 | Nov 7, 2023 | $0.47 | $0.54 | +14.9% | ✓ BEAT |
Q3 2023 | Aug 8, 2023 | $0.45 | $0.49 | +8.9% | ✓ BEAT |
Q2 2023 | May 9, 2023 | $0.45 | $0.45 | 0.0% | = MET |
Q1 2023 | Mar 2, 2023 | $0.39 | $0.45 | +15.4% | ✓ BEAT |
Q4 2022 | Nov 3, 2022 | $0.35 | $0.36 | +2.9% | ✓ BEAT |
Q3 2022 | Aug 4, 2022 | $0.32 | $0.35 | +9.4% | ✓ BEAT |
Q2 2022 | May 5, 2022 | $0.29 | $0.30 | +3.4% | ✓ BEAT |
Q1 2022 | Mar 3, 2022 | $0.26 | $0.28 | +7.7% | ✓ BEAT |
Q4 2021 | Nov 4, 2021 | — | $0.32 | — | — |
Q3 2021 | Aug 5, 2021 | — | $0.16 | — | — |
Q2 2021 | May 6, 2021 | — | $0.23 | — | — |
Latest News
SWK Holdings Says On December 2, 2025 Received FTC Clearance, Merger With Runway Growth Finance On Track For Q1 2026 Completion
📈 PositiveUBS Maintains Buy on Runway Growth Finance, Lowers Price Target to $12
➖ NeutralRunway Gwth Fin Q3 EPS $0.43 Beats $0.39 Estimate, Sales $36.747M Beat $34.917M Estimate
📈 PositiveUBS Maintains Buy on Runway Growth Finance, Lowers Price Target to $12.5
➖ NeutralSWK Holdings shares are trading higher after the company announced it will be acquired by Runway Growth Finance for around $220 million.
📈 PositiveRunway Growth Finance To Acquire SWK Holdings; Transaction Will Be NAV-For-NAV Merger And Will Have Estimated Purchase Price Of About $220M; Deal Expected To Close In Late 2025 Or First Quarter Of 2026
➖ NeutralRunway Growth Finance Completes 11 Investments Across New, Current Portfolio Companies In Q3 For $128.3M
📈 PositiveJP Morgan Maintains Neutral on Runway Growth Finance, Lowers Price Target to $10
➖ NeutralClear Street Initiates Coverage On Runway Growth Finance with Hold Rating, Announces Price Target of $11
➖ NeutralFrequently Asked Questions about RWAY
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