(RWAY) Runway Growth Finance - Overview

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US78163D1000

Stock: Senior-Secured Loans, Growth-Stage Lending

Total Rating 21

Risk 82

Buy Signal -0.59

Asset Management » Asset Management & Custody Banks
Age: 4.3y

Market Cap: 331m
Avg Trading Vol: 2.78M USD

ATR: 2.32%
Peers RS (IBD): 22.22

EPS (Earnings per Share)

EPS CAGR: -42.68%
EPS Trend: -24.3%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: 0.14%
Rev. Trend: 43.9%

Last SUE: -0.66
Qual. Beats: 0

Dividends

Dividend Yield	13.96%
Yield on Cost 5y	18.87%
Yield CAGR 5y	3.57%
Payout Consistency	93.7%
Payout Ratio	107.7%

Risk 5d forecast
Volatility	20.6%
Relative Tail Risk	-4.89%

Reward TTM
Sharpe Ratio	-0.57
Alpha	-22.77

Character TTM
Beta	0.593
Beta Downside	0.805

Drawdowns 3y
Max DD	26.13%
CAGR/Max DD	0.08

Description: RWAY Runway Growth Finance December 28, 2025

Runway Growth Finance Corp. (NASDAQ:RWAY) is a Business Development Company (BDC) that provides senior-secured loans to late-stage and growth-phase companies, typically ranging from $10 million to $75 million per transaction.

The firm concentrates on sectors with high-margin, recurring-revenue models, including technology (systems software, hardware, storage, and internet services), life sciences and healthcare (biotech, medical devices, and health-tech platforms), and business-service niches such as data processing, outsourced services, and human-resources outsourcing.

As of the most recent filing, RWAY reported assets under management of roughly $1.1 billion, a portfolio weighted ~70 % toward technology-related loans, and a net asset value (NAV) per share of $12.45, reflecting a dividend yield near 8 %-both metrics that are sensitive to interest-rate cycles and credit-quality trends in the high-growth loan market. For deeper metrics, check ValueRay’s dashboard.

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income: 54.9m TTM > 0 and > 6% of Revenue
FCF/TA: 0.04 > 0.02 and ΔFCF/TA 0.40 > 1.0
NWC/Revenue: -13.49% < 20% (prev 0.51%; Δ -14.00% < -1%)
CFO/TA 0.04 > 3% & CFO 42.3m > Net Income 54.9m
Net Debt (435.6m) to EBITDA (54.9m): 7.93 < 3
Current Ratio: 0.53 > 1.5 & < 3
Outstanding Shares: last quarter (36.2m) vs 12m ago -5.64% < -2%
Gross Margin: 64.10% > 18% (prev 0.59%; Δ 6351 % > 0.5%)
Asset Turnover: 10.44% > 50% (prev 8.46%; Δ 1.98% > 0%)
Interest Coverage Ratio: -0.99 > 6 (EBITDA TTM 54.9m / Interest Expense TTM 38.2m)

Altman Z'' -0.66

A: -0.01 (Total Current Assets 16.0m - Total Current Liabilities 30.3m) / Total Assets 963.3m
B: -0.06 (Retained Earnings -56.3m / Total Assets 963.3m)
C: -0.04 (EBIT TTM -37.9m / Avg Total Assets 1.02b)
D: -0.12 (Book Value of Equity -56.0m / Total Liabilities 473.8m)
Altman-Z'' Score: -0.66 = B

What is the price of RWAY shares?

As of February 07, 2026, the stock is trading at USD 8.85 with a total of 451,306 shares traded.
Over the past week, the price has changed by -3.38%, over one month by -4.63%, over three months by -5.70% and over the past year by -11.90%.

Is RWAY a buy, sell or hold?

Runway Growth Finance has received a consensus analysts rating of 3.67. Therefor, it is recommend to hold RWAY.

StrongBuy: 3
Buy: 0
Hold: 6
Sell: 0
StrongSell: 0

What are the forecasts/targets for the RWAY price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	10.8	21.5%
Analysts Target Price	10.8	21.5%
ValueRay Target Price	10.4	17.2%

RWAY Fundamental Data Overview February 03, 2026

P/E Trailing = 6.3611
P/E Forward = 6.2422
P/S = 2.3462
P/B = 0.6843
P/EG = 1.1571
Revenue TTM = 106.4m USD
EBIT TTM = -37.9m USD
EBITDA TTM = 54.9m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 443.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 435.6m USD (from netDebt column, last quarter)
Enterprise Value = 766.6m USD (331.0m + Debt 443.5m - CCE 7.92m)
Interest Coverage Ratio = -0.99 (Ebit TTM -37.9m / Interest Expense TTM 38.2m)
EV/FCF = 18.10x (Enterprise Value 766.6m / FCF TTM 42.3m)
FCF Yield = 5.52% (FCF TTM 42.3m / Enterprise Value 766.6m)
FCF Margin = 39.80% (FCF TTM 42.3m / Revenue TTM 106.4m)
Net Margin = 51.60% (Net Income TTM 54.9m / Revenue TTM 106.4m)
Gross Margin = 64.10% ((Revenue TTM 106.4m - Cost of Revenue TTM 38.2m) / Revenue TTM)
Gross Margin QoQ = 55.47% (prev 67.10%)
Tobins Q-Ratio = 0.80 (Enterprise Value 766.6m / Total Assets 963.3m)
Interest Expense / Debt = 2.11% (Interest Expense 9.35m / Debt 443.5m)
Taxrate = 21.0% (US default 21%)
NOPAT = -29.9m (EBIT -37.9m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.53 (Total Current Assets 16.0m / Total Current Liabilities 30.3m)
Debt / Equity = 0.91 (Debt 443.5m / totalStockholderEquity, last quarter 489.5m)
Debt / EBITDA = 7.93 (Net Debt 435.6m / EBITDA 54.9m)
Debt / FCF = 10.29 (Net Debt 435.6m / FCF TTM 42.3m)
Total Stockholder Equity = 501.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.39% (Net Income 54.9m / Total Assets 963.3m)
RoE = 10.94% (Net Income TTM 54.9m / Total Stockholder Equity 501.6m)
RoCE = -4.06% (EBIT -37.9m / Capital Employed (Total Assets 963.3m - Current Liab 30.3m))
RoIC = -2.99% (negative operating profit) (NOPAT -29.9m / Invested Capital 1.00b)
WACC = 4.42% (E(331.0m)/V(774.5m) * Re(8.10%) + D(443.5m)/V(774.5m) * Rd(2.11%) * (1-Tc(0.21)))
Discount Rate = 8.10% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -5.43%
[DCF Debug] Terminal Value 80.82% ; FCFF base≈42.6m ; Y1≈28.0m ; Y5≈12.8m
Fair Price DCF = N/A (negative equity: EV 406.5m - Net Debt 435.6m = -29.1m; debt exceeds intrinsic value)
EPS Correlation: -24.25 | EPS CAGR: -42.68% | SUE: -4.0 | # QB: 0
Revenue Correlation: 43.94 | Revenue CAGR: 0.14% | SUE: -0.66 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.35 | Chg30d=-0.012 | Revisions Net=+0 | Analysts=8
EPS next Year (2026-12-31): EPS=1.48 | Chg30d=-0.043 | Revisions Net=+0 | Growth EPS=-5.9% | Growth Revenue=-1.0%

Additional Sources for RWAY Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle