RWAY
Neutral signalScored 2026-08-23 Drivers: fundamentals. Moteurs : fondamentaux.
Research, not advice.
À propos
Runway Growth Finance Corp.
- Nom
- Runway Growth Finance Corp.
- Secteur
- Financial Services
- Industrie
- Financial - Credit Services
- Bourse
- NASDAQ
- Capitalisation
- $270.7M
- Employés
- 500
- PDG
- David R. Spreng
- Site web
- http://www.runwaygrowth.com
- Marché
- ATLCDHILGLADMFINNEWTIRM
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.g., systems, application, internet), storage, peripherals, specialized consumer offerings, healthcare technology, data processing and outsourcing, internet retail, human resources, biotechnology, medical equipment, and educational services. These senior secured loans typically range from $10 million to $75 million.
Price (1 year)
Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.
ACHAT TOTAL: 9000 titres (~62632 USD)
- Insiders
- SPRENG R DAVIDThomson Carmela
- Total bought
-
$62,632
Avg buy (VWAP, 90d window) $6.77 vs last close —
- Total sold
-
—
Avg sell (VWAP, 90d window) —
Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.
- Last activity
- 2026-08-14
- Last synced
-
2026-08-25 17:08:49
Sign in to request a sync of this company's price history and timing levels.
Insider holdings as a share of total assets aren't available for this company.
Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.
Recent Form 4
Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.
| Date | Person | Side | Shares | Price | Value | Form 4 |
|---|---|---|---|---|---|---|
| 2026-09-22 | Goldthorpe Edward J. | Buy · P | 6,251 | $6.76 | $42,257 | Form 4 |
| 2026-09-21 | Goldthorpe Edward J. | Buy · P | 3,749 | $6.72 | $25,193 | Form 4 |
| 2026-09-09 | Rovner Michael | Buy · P | 7,000 | $6.57 | $45,990 | Form 4 |
| 2026-08-14 | SPRENG R DAVID | Buy · P | 1,000 | $6.89 | $6,889 | Form 4 |
| 2026-08-13 | Thomson Carmela | Buy · P | 8,000 | $6.97 | $55,743 | Form 4 |
Congressional trades
STOCK Act disclosures (90-day window)
Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.
No STOCK Act disclosures for this company in this window.
Signal
Neutral signalScored 2026-08-23 Drivers: fundamentals. Moteurs : fondamentaux.
RWAY presents a moderately compelling event-driven setup: an insider cluster buy following an earnings beat and dividend announcement, combined with a notable 45% NAV discount and solid 16% ROE, provides a credible…
The first sentence of the analysis written for RWAY on 2026-08-23 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Factor checklist — research, not advice
A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.
- Insider Supports a bullish reading. Open-market purchases outweigh sales
- Congress Unavailable or mixed. No purchase disclosures in the stored window
- Narrative Unavailable or mixed. Stored narrative reading is in the neutral band
- Timing Unavailable or mixed. No stored price series
- Financial indicators Supports a bullish reading. Current ratio 1.22 · operating margin 55%
Market snapshot
Financial ratios
| Metric | Trend | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | 78.5% | 69.1% | 59.1% | 75.1% | 92.2% | |
| Ebit Margin | 54.7% | 59.3% | 46.9% | 58.5% | 84.5% | |
| Ebitda Margin | 54.7% | 59.3% | 50.1% | 58.5% | 84.5% | |
| Operating Profit Margin | 54.7% | 59.3% | 46.9% | 58.5% | 84.5% | |
| Pretax Profit Margin | 24.3% | 59.3% | 46.9% | 58.5% | 84.5% | |
| Continuous Operations Profit Margin | 24.3% | 59.3% | 46.9% | 58.5% | 84.5% | |
| Net Profit Margin | 24.3% | 59.3% | 46.9% | 58.5% | 84.5% | |
| Bottom Line Profit Margin | 24.3% | 59.3% | 46.9% | 58.5% | 84.5% | |
| Current Ratio | 1.216 | 1.794 | 1.662 | 2.335 | 0.178 | |
| Quick Ratio | 1.216 | 1.794 | 1.662 | 2.335 | 0.178 | |
| Solvency Ratio | 0.072 | 0.128 | 0.089 | 0.057 | 0.345 | |
| Cash Ratio | 0.857 | 0.743 | 0.439 | 0.926 | 0.104 | |
| Price To Earnings Ratio | 9.602 | 5.799 | 11.578 | 14.671 | 9.639 | |
| Price To Earnings Growth Ratio | -0.189 | 0.079 | 0.305 | -0.361 | 0.578 | |
| Forward Price To Earnings Growth Ratio | -0.189 | 0.079 | 0.305 | -0.361 | 0.578 | |
| Price To Earnings Diluted Ratio | 9.602 | 5.799 | 11.578 | 14.671 | 9.639 | |
| Price To Earnings Diluted Growth Ratio | -0.189 | 0.079 | 0.305 | -0.361 | 0.578 | |
| Price To Book Ratio | 0.676 | 0.827 | 0.934 | 0.824 | 0.837 | |
| Price To Sales Ratio | 2.338 | 3.428 | 5.409 | 8.612 | 9.400 | |
| Price To Free Cash Flow Ratio | 1.759 | 8.433 | 4.547 | 9.696 | -8.287 | |
| Price To Operating Cash Flow Ratio | 1.759 | 8.433 | 4.547 | 9.696 | -8.287 | |
| Debt To Assets Ratio | 0.469 | 0.506 | 0.473 | 0.481 | 0.108 | |
| Debt To Equity Ratio | 0.928 | 1.073 | 0.932 | 0.953 | 0.131 | |
| Debt To Capital Ratio | 0.481 | 0.518 | 0.483 | 0.488 | 0.116 | |
| Long Term Debt To Capital Ratio | 0.481 | 0.518 | 0.483 | 0.488 | 0.116 | |
| Financial Leverage Ratio | 1.980 | 2.120 | 1.973 | 1.982 | 1.218 | |
| Working Capital Turnover Ratio | 26.155 | 23.384 | 14.790 | -3.842 | -1.213 | |
| Operating Cash Flow Ratio | 8.788 | 6.521 | 16.623 | 7.873 | -1.360 | |
| Operating Cash Flow Sales Ratio | 1.329 | 0.406 | 1.190 | 0.888 | -1.134 | |
| Free Cash Flow Operating Cash Flow Ratio | 1.000 | 1.000 | 1.000 | 1.000 | 1.000 | |
| Debt Service Coverage Ratio | 1.798 | 1.664 | 1.226 | 2.344 | 10.882 | |
| Interest Coverage Ratio | 1.798 | 1.664 | 1.147 | 2.344 | 10.882 | |
| Short Term Operating Cash Flow Coverage Ratio | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Operating Cash Flow Coverage Ratio | 0.414 | 0.091 | 0.220 | 0.089 | -0.771 | |
| Capital Expenditure Coverage Ratio | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Dividend Paid And Capex Coverage Ratio | 3.621 | 0.723 | 1.533 | 0.949 | -3.413 | |
| Dividend Payout Ratio | 1.511 | 0.949 | 1.654 | 1.600 | 0.393 | |
| Enterprise Value Multiple | 9.899 | 13.210 | 21.498 | 31.568 | 12.766 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | 78.5% | ▲9.3% | ▲3.7% |
| Ebit Margin | 54.7% | ▼-4.5% | ▼-6.0% |
| Ebitda Margin | 54.7% | ▼-4.5% | ▼-6.7% |
| Operating Profit Margin | 54.7% | ▼-4.5% | ▼-6.0% |
| Pretax Profit Margin | 24.3% | ▼-35.0% | ▼-30.4% |
| Continuous Operations Profit Margin | 24.3% | ▼-35.0% | ▼-30.4% |
| Net Profit Margin | 24.3% | ▼-35.0% | ▼-30.4% |
| Bottom Line Profit Margin | 24.3% | ▼-35.0% | ▼-30.4% |
| Current Ratio | 1.216 | ▼-0.579 | ▼-0.221 |
| Quick Ratio | 1.216 | ▼-0.579 | ▼-0.221 |
| Solvency Ratio | 0.072 | ▼-0.056 | ▼-0.067 |
| Cash Ratio | 0.857 | ▲0.115 | ▲0.243 |
| Price To Earnings Ratio | 9.602 | ▲3.803 | ▼-0.656 |
| Price To Earnings Growth Ratio | -0.189 | ▼-0.268 | ▼-0.271 |
| Forward Price To Earnings Growth Ratio | -0.189 | ▼-0.268 | ▼-0.271 |
| Price To Earnings Diluted Ratio | 9.602 | ▲3.803 | ▼-0.656 |
| Price To Earnings Diluted Growth Ratio | -0.189 | ▼-0.268 | ▼-0.271 |
| Price To Book Ratio | 0.676 | ▼-0.151 | ▼-0.144 |
| Price To Sales Ratio | 2.338 | ▼-1.090 | ▼-3.499 |
| Price To Free Cash Flow Ratio | 1.759 | ▼-6.675 | ▼-1.471 |
| Price To Operating Cash Flow Ratio | 1.759 | ▼-6.675 | ▼-1.471 |
| Debt To Assets Ratio | 0.469 | ▼-0.037 | ▲0.061 |
| Debt To Equity Ratio | 0.928 | ▼-0.145 | ▲0.124 |
| Debt To Capital Ratio | 0.481 | ▼-0.036 | ▲0.064 |
| Long Term Debt To Capital Ratio | 0.481 | ▼-0.036 | ▲0.064 |
| Financial Leverage Ratio | 1.980 | ▼-0.140 | ▲0.125 |
| Working Capital Turnover Ratio | 26.155 | ▲2.771 | ▲14.300 |
| Operating Cash Flow Ratio | 8.788 | ▲2.267 | ▲1.099 |
| Operating Cash Flow Sales Ratio | 1.329 | ▲0.923 | ▲0.793 |
| Free Cash Flow Operating Cash Flow Ratio | 1.000 | 0.000 | 0.000 |
| Debt Service Coverage Ratio | 1.798 | ▲0.134 | ▼-1.785 |
| Interest Coverage Ratio | 1.798 | ▲0.134 | ▼-1.769 |
| Short Term Operating Cash Flow Coverage Ratio | 0.000 | 0.000 | 0.000 |
| Operating Cash Flow Coverage Ratio | 0.414 | ▲0.323 | ▲0.405 |
| Capital Expenditure Coverage Ratio | 0.000 | 0.000 | 0.000 |
| Dividend Paid And Capex Coverage Ratio | 3.621 | ▲2.899 | ▲2.938 |
| Dividend Payout Ratio | 1.511 | ▲0.562 | ▲0.290 |
| Enterprise Value Multiple | 9.899 | ▼-3.312 | ▼-7.889 |
Key metrics
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Market cap | $327.7M | $425.8M | $511.2M | $474.9M | $507.6M | |
| Enterprise value | $759.5M | $972.4M | $1.02B | $1.02B | $582.4M | |
| EV / Sales | 5.42x | 7.83x | 10.77x | 18.46x | 10.79x | |
| EV / Op. cash flow | 4.08x | 19.26x | 9.06x | 20.79x | -9.51x | |
| EV / Free cash flow | 4.08x | 19.26x | 9.06x | 20.79x | -9.51x | |
| EV / EBITDA | 9.90x | 13.21x | 21.50x | 31.57x | 12.77x | |
| Net debt / EBITDA | 5.63x | 7.42x | 10.71x | 16.84x | 1.64x | |
| Current ratio | 1.22x | 1.79x | 1.66x | 2.33x | 0.18x | |
| Income quality | 5.47x | 0.69x | 2.54x | 1.52x | -1.34x | |
| Graham number | $17 | $24 | $18 | $16 | $20 | |
| Graham net-net | -$12 | -$15 | -$13 | -$14 | -$3 | |
| Tax burden | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | |
| Interest burden | 44.4% | 100.0% | 100.0% | 100.0% | 100.0% | |
| Working capital | $4.6M | $6.1M | $4.5M | $8.3M | -$37.0M | |
| Invested capital | $4.6M | $6.1M | $4.5M | $8.3M | -$37.0M | |
| Return on assets | 3.5% | 6.7% | 4.1% | 2.8% | 6.2% | |
| Operating ROA | 7.5% | 6.8% | 4.0% | 3.4% | 6.6% | |
| Return on tangible assets | 3.5% | 6.7% | 4.1% | 2.8% | 6.2% | |
| Return on equity | 7.0% | 14.3% | 8.1% | 5.6% | 7.5% | |
| Return on invested capital | 8.2% | 6.8% | 4.1% | 2.8% | 6.6% | |
| Return on capital employed | 8.2% | 6.8% | 4.1% | 2.8% | 6.6% | |
| Earnings yield | 10.4% | 17.3% | 8.7% | 6.8% | 9.0% | |
| Free cash flow yield | 56.9% | 11.9% | 22.0% | 10.3% | -12.1% | |
| Capex / Op. cash flow | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Capex / Depreciation | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Capex / Sales | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| SG&A / Sales | 1.6% | 4.8% | 6.7% | 10.6% | 7.8% | |
| R&D / Sales | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Stock comp / Sales | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Intangibles / Total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Days sales outstanding | 20d | 24d | 32d | 58d | 16d | |
| Days payables outstanding | 82d | 74d | 64d | 165d | 3920d | |
| Operating cycle | 20d | 24d | 32d | 58d | 16d | |
| Cash conversion cycle | -62d | -50d | -32d | -107d | -3904d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Change over 5 years
Employee count
Peer market caps
Recent news
- 2026-08-20 Double-Digit Yields Come With a Catch: How to Pick the Right Venture Lending BDC Venture lending is the higher-octane corner of private credit. Business development companies, or BDCs, in this niche extend senior secured loans to venture-backed and lower-middle market private companies, then pass the interest income through to shareholders as dividends.
- 2026-08-19 Runway Growth Finance After Q2: 45% Discount And 16% Adjusted ROE Runway Growth Finance trades at a 45% discount to NAV, offering a compelling entry point. RWAY''s discount-adjusted expected ROE is approximately 16%, outpacing both peers and its own baby bonds. The recent SWK Holdings acquisition increased portfolio size, profitability, and NII by $0.05 per share, but also raised leverage to 1.36x.
- 2026-08-07 Runway Growth Finance Corp. (RWAY) Q2 2026 Earnings Call Transcript Runway Growth Finance Corp. (RWAY) Q2 2026 Earnings Call Transcript
- 2026-08-07 Runway Growth Finance Q2 Earnings Call Highlights Runway Growth Finance NASDAQ: RWAY reported higher second-quarter net investment income as the business integrated assets acquired through its April purchase of SWK Holdings, while management emphasized portfolio diversification, disciplined underwriting and share repurchases amid a substantial discount to net asset value.
- 2026-08-07 Runway Growth Capital Appoints Michael Rovner as Co-Chief Executive Officer and Co-Chief Investment Officer Veteran investor brings more than 30 years of experience across growth lending, private credit, and technology to the firm''s leadership alongside founder David Spreng. MENLO PARK, Calif.
- 2026-08-06 Runway Growth Finance Corp. (RWAY) Beats Q2 Earnings and Revenue Estimates Runway Growth Finance Corp. (RWAY) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.38 per share a year ago.
- 2026-08-06 Compared to Estimates, Runway Growth Finance Corp. (RWAY) Q2 Earnings: A Look at Key Metrics Although the revenue and EPS for Runway Growth Finance Corp. (RWAY) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 2026-08-05 Runway Growth Finance Corp. Announces Third Quarter 2026 Dividend of $0.33 per Share MENLO PARK, Calif., Aug. 05, 2026 (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 2026 cash distribution of $0.33 per share.
- 2026-08-04 4 Dividend Stocks Yielding 10%+ Flashing Warning Signals A double-digit yield can look like a gift to a retirement portfolio, but the market usually prices in what management has not yet revealed.
- 2026-07-30 Analysts Estimate Runway Growth Finance Corp. (RWAY) to Report a Decline in Earnings: What to Look Out for Runway Growth Finance Corp. (RWAY) doesn''t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.