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.

WOODSIDE, Calif., Feb. 24, 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 first quarter 2023 cash distribution of $0.40 per share. This dividend represents an increase of 11% over the base dividend declared in the prior quarter; and the fifth consecutive quarter of dividend increases since becoming a listed company. In addition, the Board of Directors declared a supplemental dividend of $0.05 per share, for the first quarter of 2023. 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 Announces First Quarter 2023 Dividend of $0.40 with $0.05 Supplemental Distribution

WOODSIDE, Calif., Feb. 08, 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 fourth quarter and full year 2022 financial results after market close on Thursday, March 2, 2023. Runway Growth will discuss its financial results on a conference call that day at 3:00 p.m. PT (6:00 p.m. ET).

Runway Growth Finance Corp. Announces Date for Fourth Quarter and Full Year 2022 Financial Results and Conference Call

VALENCIA, Calif.--( BUSINESS WIRE )--SetPoint Medical, a clinical-stage healthcare company dedicated to patients with chronic autoimmune diseases, today announced a senior secured term loan facility of up to $65 million from Runway Growth Capital LLC (“Runway”), a leading provider of growth loans to both venture and non-venture backed companies. The loan is an expansion of an existing credit facility with Runway. The company recently announced an $80 million equity financing to advance its novel platform for the treatment of autoimmune disease.

SetPoint Medical Announces Expanded $65M Credit Facility to Support Development of the Company's Novel Platform for Rheumatoid Arthritis

WOODSIDE, Calif., Jan. 10, 2023 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (“Runway Growth”) (Nasdaq: RWAY), 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 fourth quarter ended December 31, 2022.

Runway Growth Finance Corp. Provides Fourth Quarter 2022 Portfolio Update

Runway's Non-Dilutive Financing Provides Vesta with Additional Growth Capital to Support the Company's Continued Success and Global Expansion WOODSIDE, Calif. , Jan. 4, 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 closing of a senior secured term loan of $25 million to Vesta, a leading global transaction guarantee platform for online purchases.

Runway Growth Capital Announces Senior Secured Term Loan to Vesta

Apollo Global Management

Brunswick

ETRACS Linked to the Wells Fargo Business Development Company Index ETN

Chart Industries

Harrow Health Inc

mCloud Technologies Corp

Saratoga Investment

As December 2022 comes to a close, we observe six new preferred stock / exchange-traded-debt (ETD) offerings during the month, offering annual yields ranging from 6.75% to 11.875%. Here is a comparison against the highest quality preferred stocks in our coverage universe, as ranked by our internal “CDx3 Compliance Score” metric.

Tough Preferred Stock IPO Environment Continues: 6 December 2022 Offerings

WOODSIDE, Calif., Nov. 30, 2022 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (the “Company”) (Nasdaq: RWAY), an externally managed business development company, today announced that it has priced an underwritten public offering of $45.00 million aggregate principal amount of notes due 2027 (the “Notes”), which will result in net proceeds to the Company of approximately $43.65 million after payment of underwriting discounts and commissions but before deducting expenses payable by the Company related to this offering. The Notes will mature on December 31, 2027 and may be redeemed in whole or in part at any time or from time to time at the Company's option on or after December 31, 2024. The Notes will be issued in denominations of $25 and integral multiples of $25 in excess thereof and will bear interest at a rate of 8.00% per year, payable quarterly, with the first interest payment occurring on March 1, 2023. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional $6.75 million aggregate principal amount of Notes to cover overallotments, if any.

Runway Growth Finance Corp. Prices Offering of 8.00% Notes due 2027

WOODSIDE, Calif., Nov. 30, 2022 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (the “Company”) (Nasdaq: RWAY), an externally managed business development company, today announced that it has commenced an underwritten offering of unsecured notes (the “Notes”), subject to market and other conditions. The Company has applied for the Notes to be listed and trade on the Nasdaq Global Select Market. If approved for listing, the Company expects the Notes to begin trading within 30 days from the original issue date. The interest rate and other terms of the Notes will be determined at the time of pricing of the offering.

Runway Growth Finance Corp. Commences Offering of Notes

The consensus price target hints at a 25% upside potential for Runway Growth Finance Corp. (RWAY). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Think Runway Growth Finance Corp. (RWAY) Could Surge 25%: Read This Before Placing a Bet

Runway's Growth Capital Will Allow Brivo to Continue Driving Transformative Growth WOODSIDE, Calif. , Nov. 8, 2022 /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 closure of a long-term senior secured credit facility of $75 million to Brivo Systems LLC ("Brivo"), a leading provider of cloud-based access control and smart building technologies.

Runway Growth Capital Announces a $75 Million Credit Facility With Brivo Systems

Runway Growth Finance Corp. (NASDAQ:RWAY ) Q3 2022 Earnings Conference Call November 3, 2022 6:00 PM ET Company Participants Mary Friel - Assistant VP Business Development and IR David Spreng - Founder, Chairman, President, Chief Investment Officer & CEO Thomas Raterman - CFO, COO Conference Call Participants Mickey Schleien - Ladenburg Thalmann Casey Alexander - Compass Point Bryce Rowe - B. Riley Securities FBR Melissa Wedel - JPMorgan Operator Ladies and gentlemen, thank you for standing by, and welcome to the Runway Growth Finance Third Quarter 2022 Earnings Conference Call.

Runway Growth Finance Corp. (RWAY) Q3 2022 Earnings Call Transcript

Runway Growth Finance Corp. (RWAY) delivered earnings and revenue surprises of 2.86% and 1.77%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Runway Growth Finance Corp. (RWAY) Surpasses Q3 Earnings Estimates

Delivered Record Total and Net Investment Income of $27.3 and $14.5 Million, Respectively Increased Core Leverage Ratio of Portfolio to 60% Grew Investment Portfolio to Record $910.2 Million Conference Call Today, Thursday, November 3 at 6:00 p.m. ET

Runway Growth Finance Corp. Reports Third Quarter 2022 Financial Results

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.

Can Runway Growth Finance Corp. (RWAY) Keep the Earnings Surprise Streak Alive?

CHICAGO--(BUSINESS WIRE)--Kin, the direct-to-consumer home insurance company built for every new normal, today announced the closing of a $145 million committed credit facility.

Kin Secures $145 Million in Debt Financing to Fuel Continued Growth

WOODSIDE, Calif., Oct. 28, 2022 (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 fourth quarter 2022 cash distribution of $0.36 per share. This dividend represents an increase of 9% over the dividend declared in the prior quarter; and the fourth consecutive quarter of dividend increases since becoming a listed company.

Runway Growth Finance Corp. Announces Fourth Quarter Dividend of $0.36

Runway's Flexible Growth Capital Will Aid In The Commercialization Of Nalu Medical's Neuromodulation Devices To Relieve Chronic Neuropathic Pain WOODSIDE, Calif. , Oct. 20, 2022 /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 $45 million to Nalu Medical, Inc. ("Nalu"), a privately held medical device company focused on innovative and minimally invasive solutions for chronic neuropathic pain.

Runway Growth Capital Announces a Senior Secured Term Loan of $45 Million to Nalu Medical

WOODSIDE, Calif., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (“Runway Growth”) (Nasdaq: RWAY), 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, 2022.

Runway Growth Finance Corp. Provides Third Quarter 2022 Portfolio Update

WOODSIDE, Calif. , Sept. 15, 2022 /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 Skyview Capital, LLC ("Skyview"), a global private investment firm specializing in the acquisition and management of mission critical enterprises in technology, telecommunications, business services and manufacturing, announced today a significant growth investment in Fidelis Cybersecurity ("Fidelis").

Fidelis Cybersecurity Secures Significant Additional Growth Investment From Runway Growth Capital and Skyview Capital

-  Brannon Morisoli Joins Runway as Managing Director, Life Sciences; Brings a Strong Foundation of Industry Knowledge and Existing Relationships to the Firm  - WOODSIDE, Calif. , Aug. 16, 2022 /PRNewswire/ -- Runway Growth Capital LLC ("Runway" or the "Company"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, announced today that it has hired Brannon Morisoli as Managing Director, Life Sciences.

Runway Growth Capital LLC Adds Brannon Morisoli to its Life Sciences Team

-  Ted Cavan Joins Runway As Managing Director, Technology; Adds a Decade of Experience Funding High Growth Technology Companies  - WOODSIDE, Calif. , Aug. 16, 2022 /PRNewswire/ --  Runway Growth Capital LLC ("Runway" or the "Company"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, announced today that it has hired Ted Cavan as Managing Director, Technology.

Runway Growth Capital LLC Hires Venture Debt Veteran Ted Cavan

Runway Growth Finance Corp. (NASDAQ:RWAY ) Q2 2022 Earnings Conference Call August 4, 2022 6:00 PM ET Company Participants Mary Friel - Assistant Vice President, Business Development & Investor Relations David Spreng - Chairman, Chief Executive Officer, Chief Investment Officer & Founder Tom Raterman - Chief Financial Officer & Chief Operating Officer Conference Call Participants Mickey Schleien - Ladenburg Melissa Wedel - JPMorgan. Operator Ladies and gentlemen, thank you for standing by and welcome to the Runway Growth Finance Second Quarter 2022 Earnings Conference Call.

Runway Growth Finance Corp. (RWAY) CEO David Spreng on Q2 2022 Results - Earnings Call Transcript

Achieves Record Total and Net Investment Income of $25.2 and $14.5 Million, Respectively

Runway Growth Finance Corp. Reports Second Quarter 2022 Financial Results

-   Brad Pritchard Joins Runway as Managing Director, Technology, Bringing More Than 20 Years of Experience   - WOODSIDE, Calif. , Aug. 2, 2022 /PRNewswire/ --  Runway Growth Capital LLC ("Runway" or the "Company"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, announced today that it has hired Brad Pritchard as Managing Director, Technology.

Runway Growth Capital LLC Adds Venture Lending Industry Veteran to Technology Team

WOODSIDE, Calif., July 29, 2022 (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 third quarter 2022 cash distribution of $0.33 per share. This dividend represents an increase of 10% over the dividend declared in the prior quarter; and the third consecutive quarter of dividend increases since becoming a listed company.

News for Runway Growth Finance Corp Stock (RWAY)