Runway Growth Finance Corp

Runway Growth Finance Corp. is a specialty finance company. It focuses on providing senior secured loans to high growth-potential companies in technology, life sciences, healthcare information and services, business services, select consumer services and products and other high-growth industries. The company was founded on August 31, 2015 and is headquartered in Chicago, IL.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Runway Growth Finance Corp reports solid Q2 performance and strategic opportunities

Runway Growth Finance Corp's Q2 performance reflects a strategic focus on managing investments in a cautious market environment.
Despite challenges such as expected prepayment activity, the company maintains strong liquidity and opportunities for strategic capital deployment.
With a solid performance, focus on credit quality, and approved stock repurchase program, Runway positions itself for continued growth and value creation.

Runway Growth Finance Corp reports solid Q3 performance and strategic acquisition

Runway Growth Finance Corp's Q3 performance reflects resilience and strategic positioning for growth amidst market challenges and opportunities.
The company's focus on enhancing shareholder value through acquisitions, stock repurchases, and prudent financial management underscores a commitment to long-term success.
While facing challenges with nonaccrual loans and moderate leverage, Runway Growth Capital's strong liquidity and investment portfolio provide a solid foundation for future growth and value creation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Runway Growth Finance Corp. is a closed-end investment company, which engages in the provision of senior secured loans to high growth-potential companies in technology, life sciences, healthcare information and services, business services, select consumer services and products, and other high-growth industries. The company was founded by Robert David Spreng on August 31, 2015 and is headquartered in Chicago, IL.

The funding will enable Snap! Mobile to cement its market leadership position and expand its reach to support more schools and organizations in need of effective fundraising solutions.

Runway Growth Capital Provides $23 Million Growth Investment to Snap! Mobile

Runway Growth Finance Corp. (NASDAQ:RWAY ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Quinlan Abel - Assistant VP, IR David Spreng - Chairman, President, & CEO Greg Greifeld - MD, Deputy CIO & Head, Credit of Runway Growth Capital Tom Raterman - CFO & COO Conference Call Participants Finian O'Shea - WFS Melissa Wedel - JPMorgan Mickey Schleien - Ladenburg Thalmann Operator Ladies and gentlemen, thank you for standing by, and welcome to the Runway Growth Finance Third Quarter 2024 Earnings Conference Call. Please be advised that today's conference is being recorded.

Runway Growth Finance Corp. (RWAY) Q3 2024 Earnings Call Transcript

Runway Growth Finance Corp. (RWAY) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.54 per share a year ago.

Runway Growth Finance Corp. (RWAY) Q3 Earnings and Revenues Lag Estimates

Delivered Total and Net Investment Income of $36.7 million and $15.9 million, RespectivelyInvestment Portfolio of $1.1 billionConference Call Today, Tuesday, November 12, 2024, at 5:00 p.m. ET

Runway Growth Finance Corp. Reports Third Quarter 2024 Financial Results

MENLO PARK, Calif., Nov. 05, 2024 (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 announced that its Board of Directors has declared a fourth quarter 2024 regular cash distribution of $0.40 per share.

Runway Growth Finance Corp. Announces Fourth Quarter Regular Dividend of $0.40

BlackRock Science and Technology Trust II

TCG BDC

KKR Income Opportunities Fund

Kimbell Royalty Partners

MidCap Financial Investment Corp

New Mountain Finance

Saratoga Investment

TXO Energy Partners LP

WhiteHorse Finance

24/7 Wall Street Insights Dividend stocks offer some of the most flexible options to suit investors of all types who seek passive income.

These 10 Dividend Stocks are Generating $6,000 in Annual Dividend Income

Runway Growth Finance Corp. (RWAY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Runway Growth Finance Corp. (RWAY) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

BC Partners Credit agreed to indirectly acquire a majority stake in Runway Growth Capital LLC, an SEC registered investment adviser, managing approximately $1.4 billion in private credit assets

Mount Logan Capital Inc. Announces Strategic Minority Investment in Leading North American Lending Platform

BC Partners' credit arm to acquire Runway Growth Capital as a long-term, strategic investment, complementing BC's existing platform across private lending, opportunistic credit and specialty finance Runway Growth Capital will continue to operate independently and serve as the external investment adviser to Runway Growth Finance, a publicly traded business development company, with the current leadership and investment teams remaining in place Transaction will expand origination channels, enhance investment solutions, and accelerate capital formation and fundraising capabilities as Runway Growth Capital seeks to strengthen the venture ecosystem MENLO PARK, Calif. and NEW YORK , Oct. 31, 2024 /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 a definitive agreement whereby BC Partners Credit will acquire Runway.

Runway Growth Capital Announces Combination with BC Partners Credit

Runway's recognition highlights its unwavering support for entrepreneurs through minimally dilutive capital solutions. MENLO PARK, Calif.

Runway Growth Capital Named to Inc.'s 2024 Founder-Friendly Investors List

MENLO PARK, Calif., Oct. 15, 2024 (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 third quarter 2024 financial results after market close on Tuesday, November 12, 2024. Runway Growth will discuss its financial results on a conference call that day at 2:00 p.m. PT (5:00 p.m. ET).

Runway Growth Finance Corp. Announces Date for Third Quarter 2024 Financial Results and Conference Call

MENLO PARK, Calif., Oct. 08, 2024 (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 an operational and portfolio update for the third quarter ended September 30, 2024.

Runway Growth Finance Corp. Provides Third Quarter 2024 Portfolio Update

CION Investment Corp

FS KKR Capital Corp

Oaktree Specialty Lending

TCP Capital

Triplepoint Venture Growth BDC

This is not the right time to take high risk in the BDC space. Yet, as it is often the case, a challenging environment creates opportunities. In this article, I elaborate on two BDCs which indeed have some risks, but not to the extent that is currently priced in by the market.

2 BDCs At Discounts Of ~20% With Attractive Asymmetric Profiles

Runway Growth Finance's Q2 earnings report revealed underperformance, with net investment income at $0.37 per share, insufficient to cover the $0.40 dividend, likely leading to a distribution cut. The portfolio is heavily tech-focused, with 94% in senior secured first lien debt, but faces challenges due to lower venture deal volume and deteriorating credit quality. RWAY trades at a 20.7% discount to NAV, reflecting market concerns, but future interest rate cuts could present growth opportunities despite short-term income reductions.

Runway Growth Finance: Weakening Distribution Coverage (Downgrade)

Golub Capital BDC

One of the most critical events in the history of finance happened back in 1990. It was the culmination of a transformative two-decade journey that forever changed the way companies are financed.

3 Great High-Yield Stocks Courtesy Of The Most Important Financial Event Of 1990

Runway Growth Finance Corp. (NASDAQ:RWAY ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Quinlan Abel - IR David Spreng - Chairman, President and CEO Greg Greifeld - MD, Deputy CIO and Head, Credit of Runway Growth Capital Tom Raterman - CFO and COO Conference Call Participants Doug Harter - UBS Melissa Wedel - JPMorgan Bryce Rowe - B. Riley Operator Ladies and gentlemen, thank you for standing by, and welcome to the Runway Growth Finance Second Quarter 2024 Earnings Conference Call.

Runway Growth Finance Corp. (RWAY) Q2 2024 Earnings Call Transcript

Runway Growth Finance Corp. (RWAY) came out with quarterly earnings of $0.37 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.49 per share a year ago.

Runway Growth Finance Corp. (RWAY) Q2 Earnings and Revenues Lag Estimates

Delivered Total and Net Investment Income of $34.2 million and $14.6 million, Respectively Investment Portfolio of $1.1 billion Conference Call Today, Thursday, August 8, 2024 at 5:00 p.m. ET MENLO PARK, Calif.

Runway Growth Finance Corp. Reports Second Quarter 2024 Financial Results

MENLO PARK, Calif., July 31, 2024 (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 announced that its Board of Directors has declared a third quarter 2024 regular cash distribution of $0.40 per share. In addition, the Board of Directors declared a supplemental dividend of $0.05 per share, for the third quarter of 2024.

Runway Growth Finance Corp. Announces Third Quarter Regular Dividend of $0.40 and $0.05 Supplemental Distribution

Building on a previous commitment of $40 million provided by Runway in 2023, the funding will enable Elevate's continued growth and innovation in legal software and services. MENLO PARK, Calif.

Runway Growth Capital Provides Additional $20 Million Growth Investment to Elevate

MENLO PARK, Calif., July 11, 2024 (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 an operational and portfolio update for the second quarter ended June 30, 2024.

Runway Growth Finance Corp. Provides Second Quarter 2024 Portfolio Update

MENLO PARK, Calif., July 09, 2024 (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 second quarter 2024 financial results after market close on Thursday, August 8, 2024. Runway Growth will discuss its financial results on a conference call that day at 2:00 p.m. PT (5:00 p.m. ET).

Runway Growth Finance Corp. Announces Date for Second Quarter 2024 Financial Results and Conference Call

THIS PRESS RELEASE CONTAINS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE (7)(1) OF THE EUROPEAN MARKET ABUSE REGULATION (596/2014)

ONWARD® Medical Obtains Debt Financing with up to €52.5 Million Secured Loan from Runway Growth Capital LLC

Runway Growth Finance is a VC-focused BDC for which I issued a bull thesis in December 2023. Since then, RWAY has experienced a rather volatile ride and underperformed the BDC market. In this article, I elaborate on RWAY's Q1, 2024 earnings report and justify my decision to recommend avoiding this BDC now.

Runway Growth Finance: Right Moment To Step Away From This BDC

Runway Growth Finance is a business development company that focuses on late-stage growth companies and venture capital. RWAY has a high dividend yield of 13.6%, making it appealing for investors prioritizing current income generation. RWAY's portfolio consists of diverse investments, with a focus on healthcare technology, application software, and information software and services.

News for Runway Growth Finance Corp Stock (RWAY)