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

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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.

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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.

Runway Growth Capital expects its deal pipeline for loans to late-stage private companies to pick up steam in 2023 after a slower start to the year.

Mid-sized private companies are more ‘cautiously optimistic' but no one knows where the economy is headed, lender says

MENLO PARK, Calif., July 31, 2023 (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 released the following statement:

Runway Growth Finance Corp. CEO Takes Medical Leave of Absence

Runway Growth Finance Corp. is currently appealing due to its high dividend yield of over 11%; however, this is expected to decrease in the coming years due to other capital priorities. The company, founded in 2015, has grown its investment portfolio to over $1 billion, focusing on the tech, life science, and healthcare sectors and offering senior secured loans to late-stage and growth companies. Despite potential short-term headwinds, the company's outlook remains positive, with a high payout ratio and a commitment to returning as much earnings as possible to shareholders.

Runway Growth Finance: Benefit From A High Yield For Now

Financing will fuel Elevate's continuing growth as an expert-led, software-powered law company MENLO PARK, Calif. , July 19, 2023 /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 the close of a senior secured term loan of $40 million to Elevate Services, Inc. ("Elevate"), a global law company providing software and services to law departments of over ten percent of the Global 1000 and more than half of the Global 100 law firms.

Runway Growth Capital Provides a $40 Million Senior Secured Term Loan to Elevate

WOODSIDE, Calif., July 12, 2023 (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 2023 financial results after market close on Tuesday, August 8, 2023. 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 2023 Financial Results and Conference Call

Completed Four Investments in Existing Portfolio Companies Representing $50.9 Million in Funded Loans Completed Four Investments in Existing Portfolio Companies Representing $50.9 Million in Funded Loans

Runway Growth Finance Corp. Provides Second Quarter 2023 Portfolio Update

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We take a look at the action in business development companies through the fourth week of June and highlight some of the key themes we are watching. BDCs reversed their rally as broader markets cooled from the recent strong run. BDCs have been issuing fixed-rate bonds at 8%+ coupons - a relatively high level over the past decade which can compress their net income if the Fed cuts rates.

BDC Weekly Review: Why Are BDCs Issuing Expensive Debt?

We take a look at the action in preferreds and baby bonds through the second week of June and highlight some of the key themes we are watching. Preferreds were down slightly on the week, under pressure from rising Treasury yields. We take a look at how investors can protect attractive yields on preferreds in case interest rates start to move back down.

Preferreds Weekly Review: Protecting High Yields Against Redemptions

Runway Growth Finance Corp. (NASDAQ:RWAY ) Q1 2023 Earnings Call Transcript May 9, 2023 5:00 PM ET Company Participants Mary Friel - Assistant Vice President, Business Development and Investor Relations David Spreng - Chairman, Founder, Chief Executive Officer and CIO Tom Raterman - Chief Financial Officer and COO Conference Call Participants Erik Zwick - Hovde Group Bryce Rowe - B. Riley Securities Melissa Wedel - JPMorgan Mickey Schleien - Ladenburg Thalmann Operator Ladies and gentlemen, thank you for standing-by and welcome to the Runway Growth Finance First Quarter 2023 Earnings Conference Call.

Runway Growth Finance Corp. (RWAY) Q1 2023 Earnings Call Transcript

Runway Growth Finance Corp. (RWAY) came out with quarterly earnings of $0.45 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.30 per share a year ago.

Runway Growth Finance Corp. (RWAY) Q1 Earnings Meet Estimates

Delivered Total and Net Investment Income of $39.3 and $18.2 Million, Respectively Increased Core Leverage Ratio of Portfolio to 104% Investment Portfolio of $1.1 Billion Conference Call Today, Tuesday, May 9 at 5:00 p.m. ET WOODSIDE, Calif.

Runway Growth Finance Corp. Reports First Quarter 2023 Financial Results

WOODSIDE, Calif., May 03, 2023 (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 its Board of Directors has declared a second quarter 2023 cash distribution of $0.40 per share. In addition, the Board of Directors declared a supplemental dividend of $0.05 per share. Runway Growth intends to declare and pay a similar supplemental dividend for each subsequent fiscal quarter during 2023, subject to future approval by the Board of Directors.

Runway Growth Finance Corp. Announces Second Quarter Dividend of $0.40 with $0.05 Supplemental Distribution

Runway Growth Finance Corp. (RWAY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Runway Growth Finance Corp. (RWAY) is Poised to Beat Earnings Estimates Again

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Given that the United States is perilously close to a recession, invest in safe stocks such as Runway Growth Finance (RWAY), Cisco Systems (CSCO), KimberlyClark (KMB), NiSource (NI) & Omnicom Group (OMC).

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WOODSIDE, Calif., April 18, 2023 (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 the expansion of its existing revolving credit facility with an increase in aggregate commitments to $500 million from KeyBank Specialty Finance, CIBC Bank USA and other lenders.

Runway Growth Announces Expansion of Revolving Credit Facility

WOODSIDE, Calif., April 17, 2023 (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 first quarter 2023 financial results after market close on Tuesday, May 9, 2023. 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 First Quarter 2023 Financial Results and Conference Call

Business Development Companies offer nice high yield diversification to your portfolio. Make sure you have the right team on your side here. Management quality is crucial.

Runway Growth Finance: The Runway Is Long, Get In Early And Stay A While

WOODSIDE, Calif., April 06, 2023 (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 first quarter ended March 31, 2023.

Runway Growth Finance Corp. Provides First Quarter 2023 Portfolio Update

Runway Growth Finance Corp. (RWAY) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -13.66% in 4 Weeks, Here's Why You Should You Buy the Dip in Runway Growth Finance Corp. (RWAY)

WOODSIDE, Calif., March 13, 2023 (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, provided a business update in response to recent industry events concerning Silicon Valley Bank (“SVB”).

Runway Growth Finance Corp. Provides Business Update

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APG, PLYA and RWAY made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 8, 2023.

Best Momentum Stock to Buy for March 8th

Runway Growth Finance Corp. (NASDAQ:RWAY ) Q4 2022 Earnings Conference Call March 2, 2023 6:00 PM ET Company Participants Mary Friel - Assistant Vice President, Business Development and Investor Relations David Spreng - Chairman, Founder, Chief Executive Officer and CIO Tom Raterman - Chief Financial Officer and COO Conference Call Participants Mickey Schleien - Ladenburg Erik Zwick - Hovde Group Bryce Rowe - B. Riley Operator Ladies and gentlemen, thank you for standing by.

Runway Growth Finance Corp. (RWAY) Q4 2022 Earnings Call Transcript

Runway Growth Finance Corp. (RWAY) delivered earnings and revenue surprises of 15.38% and 11.86%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Runway Growth Finance Corp. (RWAY) Q4 Earnings and Revenues Beat Estimates

Delivered Record Quarterly and Annual Net Investment Income of $18.4 and $59.8 Million, Respectively

News for Runway Growth Finance Corp Stock (RWAY)