Research tool page — not in the public editorial index
This company can still be explored inside Wall Street Score, but this URL remains noindex and is not eligible for Google-served ads until source-specific publisher curation is documented and the public research-quality checks pass.
Runway Growth Finance Corp.
RWAY · Price history
Price at last available close
$6.51
−$0.11 (-1.66%) 1M
2026-10-30
Tap or drag sideways to inspect a price. Use two fingers to compare automatically. Release to scroll. Use Shift + arrow keys to compare with a keyboard.
Company & revenue
About Runway Growth Finance Corp.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Runway Growth Finance Corp. (RWAY) operates as a business development company (BDC), concentrating its efforts on providing senior-secured loan financing to late-stage and expanding enterprises. The firm primarily targets investments in companies within key sectors such as technology, life sciences, healthcare and information services, business services, and specific consumer goods and services. More precisely, its portfolio frequently encompasses businesses involved with electronic hardware and instruments, various software solutions (e.
How they make money
Runway Growth Finance Corp. is an externally managed, non-diversified closed-end management investment company that generates revenue primarily through interest income and fees from senior secured loans provided to late- and growth-stage companies. The company leverages its investment adviser, Runway Growth Capital, to identify and manage a portfolio of debt and equity investments, aiming to provide attractive risk-adjusted returns for shareholders.
Products & services
The company provides senior secured loans, hybrid debt, and equity financing solutions to middle-market companies across sectors including technology, healthcare, business services, and industrials.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
- Investment Adviser — Runway Growth Capital, LLC provides management and administrative services; the specific underlying service providers are unnamed.Source
Business relationships & partnerships
- Runway Growth Capital, LLC — The company is externally managed by its investment adviser, Runway Growth Capital, which provides investment management and advisory services.Source
Strengths
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Quarterly revenue fell 127.0% versus the same quarter last year.
Check comparable business scope and currency, then separate volume, pricing and divestitures. One weaker quarter does not establish that the same decline will continue.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
37
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
49
Weak
Financial Strength
52
Business Quality / Moat
79
Management
39
Growth Quality
0
Risk / Durability
61
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
32
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
40/100
Building Historical Record
Model Score 40/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Insider activity signal is favorable
- •Recent buyback activity is present
- •Elevated debt risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
Company-specific research
Questions worth answering for RWAY
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving RWAY's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •Is RWAY's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is RWAY's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What future growth or profitability would be needed to justify RWAY's current valuation?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of RWAY's score?
Essential Investment Snapshot
Wall Street Score
37
Opportunity Score
32
Market Cap
$272.8M
P/E Ratio
56.6
EPS
$0.11
52-Week High
$10.20
52-Week Low
$5.19
Beta
0.63
Intrinsic Value
$4.24
Analyst Target
$6.50
Shares Outstanding
36.7M
Total Revenue
$62.5M
Total Debt
$693.8M
Dividend Yield (TTM)
20.28%
Liquidation Value / Share
$13.69
Dividend / Share (TTM)
$1.32
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for RWAY
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Elevated debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total callsNo personal call yet on RWAY.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Deep industry and operating resources through the broader firm platform.
- +Ability to provide flexible financing solutions compared to traditional credit.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Debt risk (elevated): Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Cash covers less than 20% of total debt.
- −Dependence on the investment adviser for investment decisions and management.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
37
Oct 1, 2026
Change
+0.1
points
Current Score
37
Oct 19, 2026
Category Changes
RWAY increased 0.1 points because overall fundamentals improved.
Projected Score
Projected Score
38
Projected Change
+0.8 points
Preliminary comparable-period financial changes suggest improvement of approximately 0.8 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
OvervaluedCurrent Price
$6.51
Model Intrinsic Value
$4.24
Difference
+$2.27
+53.7% vs IV
Margin of Safety
-53.7%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $62.5M | $140.2M | $124.2M | $94.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $28.8M | $30.2M | $38.3M | $38.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $33.7M | $110.0M | $85.9M | $55.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $5.0M | $2.2M | $6.0M | $6.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $2.5M | $33.3M | $12.3M | $11.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $31.2M | $76.7M | $73.6M | $47.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $31.2M | $76.7M | $73.6M | $44.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $41.5M | $42.7M | $44.2M | $38.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $7.8M | $34.0M | $73.6M | $44.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $7.8M | $34.0M | $73.6M | $44.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $0.11 | $0.93 | $1.89 | $1.09 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 42.07M | 36.70M | 38.85M | 40.51M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 42.07M | 36.70M | 38.85M | 40.51M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
-$8.2M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.65
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+34.5%
Cash Change
+81.7%
Margin Change
-385.4 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
What Weakened
- Margins contracted
- Debt increased
Potential Score Impact
Positive indicators included EPS growth, cash levels. Pressure indicators included revenue growth, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 127.0%. EPS increased 44.4%. Cash increased 81.7%. Total debt increased 34.5%. Net income margin declined by 385.4 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
28
Smart Money
28
Number of Gurus
1
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Financial - Credit ServicesNews
RWAYM: A 7.75% Notes IPO From Runway Growth Finance
Runway Growth Finance Corp. Provides Third Quarter 2026 Portfolio Update
Runway Growth Finance Corp. (NASDAQ:RWAY) Stock Now Rated “Hold” by Wall Street Analysts
Runway Growth Finance Corp. Announces Date for Third Quarter 2026 Financial Results and Conference Call
Rumor Mill · RWAY
Corporate developments & opportunities
No reviewed developments match this filter.
The reliability percentage measures the strength of the supporting evidence—not the probability that the event will occur or that the stock will rise. Rumor Mill is separate from the WSS score.
Related Stock Research
Continue researching this company with related Wall Street Score rankings and investing guides.
Score Alerts
Premium unlocks alerts when a score rises, falls, or reaches your target price.
Start 7-Day Free TrialPortfolio Score
Premium unlocks portfolio scoring, strongest and weakest holdings, and overall margin of safety.
Start 7-Day Free Trial