Runway Growth Finance (RWAY) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 27, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RWAY SEC filings page.
This page shows Runway Growth Finance Corp. (RWAY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The latest year shows a smaller, less leveraged balance sheet, while cash generation sharply outpaced reported earnings.
In FY2025, operating cash flow rose167.1% while net income fell53.7% , a divergence that makes earnings a poor shorthand for cash generation in that year. Operating cash flow reached547.2% of net income as assets contracted12.0% , indicating that balance-sheet movements materially shaped cash results.
Liabilities fell
FY2025 dividends paid were
Financial Health Signals
Runway Growth Finance Corp. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Runway Growth Finance Corp. passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass.
Key Financial Metrics
Earnings & Revenue
Runway Growth Finance Corp. reported $27.2M in net income in Q2 2026. This represents an increase of 61.9% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Runway Growth Finance Corp. earned $0.65 per diluted share (EPS) in Q2 2026. This represents an increase of 44.4% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Runway Growth Finance Corp. held $10.8M in cash against $678.9M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Runway Growth Finance Corp.'s quarterly ROE was 5.4% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 2.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 13.4 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
RWAY Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Interest Expense | $13.0M+10.5% | $10.5M+1.9% | N/A | $10.6M-6.6% | $11.8M+8.3% | $10.3M-5.3% | N/A | $11.4M+9.0% |
| Net Income | $27.2M+61.9% | -$34.8M-1965.9% | N/A | $8.0M-68.0% | $16.8M+102.6% | $1.9M-84.5% | N/A | $25.0M+69.0% |
| EPS (Basic) | $0.65+44.4% | -$0.96-2020.0% | $0.21-71.6% | $0.22-66.2% | $0.45+114.3% | $0.05-83.3% | $0.74n/m | $0.65+75.7% |
| EPS (Diluted) | $0.65+44.4% | -$0.96-2020.0% | $0.21-71.6% | $0.22-66.2% | $0.45+114.3% | $0.05-83.3% | $0.74n/m | $0.65+75.7% |
| Diluted Shares (Avg) | 42M+13.4% | 36M-3.2% | N/A | 36M-5.6% | 37M-5.3% | 37M-7.5% | N/A | 38M-5.2% |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Income Tax.
RWAY Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.2B+17.4% | $904.9M-12.4% | $960.1M-12.0% | $963.3M-10.4% | $1.0B-3.4% | $1.0B+0.2% | $1.1B+1.1% | $1.1B+4.0% |
| Cash & Equivalents | $10.8M+81.7% | $2.3M-87.4% | $18.2M+216.0% | $7.9M+118.9% | $6.0M-32.3% | $18.4M+165.5% | $5.8M+93.6% | $3.6M-75.8% |
| Total Liabilities | $719.8M+32.7% | $466.7M-11.9% | $475.1M-17.6% | $473.8M-16.6% | $542.4M-5.2% | $529.6M+5.6% | $576.5M+8.3% | $568.2M+22.5% |
| Long-Term Debt | $678.9M+31.6% | $426.9M-13.3% | $435.3M-21.2% | $443.5M-18.2% | $515.9M-6.0% | $492.2M+3.4% | $552.3M+8.3% | $542.5M+23.0% |
| Total Equity | $502.6M+0.7% | $438.2M-12.9% | $485.0M-5.8% | $489.5M-3.5% | $498.9M-1.5% | $503.3M-4.9% | $514.9M-5.9% | $507.4M-11.1% |
| Retained Earnings | -$82.9Mn/m | -$96.4Mn/m | -$49.9Mn/m | -$56.3Mn/m | -$51.4Mn/m | -$55.1Mn/m | -$43.5Mn/m | -$57.2Mn/m |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities.
RWAY Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$194.3Mn/m | $5.9M-91.9% | $20.6M+48.5% | $92.4M+256.6% | -$297Kn/m | $73.6M+7.2% | $13.9Mn/m | $25.9M-74.7% |
| Financing Cash Flow | $202.9Mn/m | -$21.8Mn/m | -$10.4Mn/m | -$90.5Mn/m | -$12.1M-129.8% | -$61.0Mn/m | -$11.8M-123.7% | -$31.1Mn/m |
| Dividends Paid | $14.0M | $11.9M | $11.9M-20.2% | $13.0M-25.0% | N/A | N/A | $14.9M-19.8% | $17.3M-4.8% |
| Share Buybacks | N/A | N/A | $0-100.0% | $4.4M-35.2% | N/A | N/A | $5.8M | $6.7M |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow.
RWAY Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | 5.4%+2.0pp | -7.9%-8.3pp | N/A | 1.6%-3.3pp | 3.4%+1.7pp | 0.4%-1.9pp | N/A | 4.9%+2.3pp |
| Return on Assets | 2.2%+0.6pp | -3.9%-4.0pp | N/A | 0.8%-1.5pp | 1.6%+0.8pp | 0.2%-1.0pp | N/A | 2.3%+0.9pp |
| Debt-to-Equity | 1.35+0.3x | 0.970.0x | 0.90-0.2x | 0.91-0.2x | 1.030.0x | 0.98+0.1x | 1.07+0.1x | 1.07+0.3x |
| Liabilities-to-Equity | 1.43+0.3x | 1.060.0x | 0.98-0.1x | 0.97-0.2x | 1.090.0x | 1.05+0.1x | 1.12+0.1x | 1.12+0.3x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Runway Growth Finance Corp. RWAY | FY2025 | N/A | $34.0M | N/A | $269.5M | — |
| STELLUS CAPITAL INVESTMENT CORPORATION SCM | FY2025 | $97.8M | $27.0M | 27.7% | $191.4M | 61/100 |
Where Runway Growth Finance Corp. Ranks
Frequently Asked Questions
Is Runway Growth Finance Corp. profitable?
Yes, Runway Growth Finance Corp. (RWAY) reported a net income of $34.0M in fiscal year 2025.
How much debt does Runway Growth Finance Corp. have?
As of fiscal year 2025, Runway Growth Finance Corp. (RWAY) had $18.2M in cash and equivalents against $435.3M in long-term debt.
What is Runway Growth Finance Corp.'s return on equity (ROE)?
Runway Growth Finance Corp. (RWAY) has a return on equity of 7.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Runway Growth Finance Corp.'s operating cash flow?
Runway Growth Finance Corp. (RWAY) generated $186.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Runway Growth Finance Corp.'s total assets?
Runway Growth Finance Corp. (RWAY) had $960.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Runway Growth Finance Corp.'s debt-to-equity ratio?
Runway Growth Finance Corp. (RWAY) had a debt-to-equity ratio of 0.90 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Runway Growth Finance Corp.'s liabilities-to-equity ratio?
Runway Growth Finance Corp. (RWAY) had a liabilities-to-equity ratio of 0.98 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Runway Growth Finance Corp.'s return on assets (ROA)?
Runway Growth Finance Corp. (RWAY) had a return on assets of 3.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Runway Growth Finance Corp.'s P/E ratio?
Runway Growth Finance Corp. (RWAY) trades at 7.9x earnings, its market capitalization divided by $34.0M net income, FY2025. The market capitalization is $269.5M as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Runway Growth Finance Corp.'s price-to-sales ratio?
Runway Growth Finance Corp. (RWAY) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $269.5M as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Runway Growth Finance Corp.'s Piotroski F-Score?
Runway Growth Finance Corp. (RWAY) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.