What is RUNWAY GROWTH FINANCE CORP's earnings per share (EPS)?

RUNWAY GROWTH FINANCE CORP (RWAYL) reported diluted earnings per share of $0.93 for fiscal year 2025. This represents a -50.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

RUNWAY GROWTH FINANCE CORP Financials

RWAYL

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows RUNWAY GROWTH FINANCE CORP (RWAYL) 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).

Financial Health Signals

Piotroski F-Score Neutral

5/9

RUNWAY GROWTH FINANCE CORP passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass.

Earnings Quality Cash-Backed

5.47x

For every $1 of reported earnings, RUNWAY GROWTH FINANCE CORP generates $5.47 in operating cash flow ($186.3M OCF vs $34.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

$34.0M

YoY-53.7%

5Y CAGR-6.2%

RUNWAY GROWTH FINANCE CORP reported $34.0M in net income in fiscal year 2025. This represents a decrease of 53.7% from the prior year.

EPS (Diluted)

$0.93

YoY-50.8%

5Y CAGR-11.4%

RUNWAY GROWTH FINANCE CORP earned $0.93 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 50.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$18.2M

YoY+216.0%

5Y CAGR+4.1%

RUNWAY GROWTH FINANCE CORP held $18.2M in cash against $435.3M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

36M

YoY-3.2%

5Y CAGR+2.8%

RUNWAY GROWTH FINANCE CORP had 36M shares outstanding in fiscal year 2025. This represents a decrease of 3.2% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

7.0%

YoY-7.3pp

5Y CAGR-3.1pp

RUNWAY GROWTH FINANCE CORP's ROE was 7.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 7.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$12.5M

YoY-65.2%

RUNWAY GROWTH FINANCE CORP spent $12.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 65.2% from the prior year.

Capital Expenditures

N/A

RWAYL Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	$1.0M+23.3%	$827K+22.0%	$678K
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$42.7M-3.5%	$44.2M+2.5%	$43.1M+157.4%	$16.8M+304.7%	$4.1M+140.5%	$1.7M
Income Tax	$900K+125.0%	$400K-42.9%	$700K+133.3%	$300K	$0-100.0%	$1K
Net Income	$34.0M-53.7%	$73.6M+66.0%	$44.3M+37.5%	$32.3M-29.3%	$45.6M-2.9%	$47.0M
EPS (Diluted)	$0.93-50.8%	$1.89+73.4%	$1.09+38.0%	$0.79-40.6%	$1.33-21.8%	$1.70

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	$10.6M-9.6%	$11.8M+14.4%	$10.3M	N/A	$11.4M+4.7%	$10.9M+0.1%	$10.9M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	$8.0M-52.3%	$16.8M+800.2%	$1.9M	N/A	$25.0M+202.1%	$8.3M-31.2%	$12.0M
EPS (Diluted)	N/A	$0.22-51.1%	$0.45+800.0%	$0.05	N/A	$0.65+209.5%	$0.21-30.0%	$0.30

RWAYL Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$960.1M-12.0%	$1.1B+1.1%	$1.1B-5.5%	$1.1B+54.6%	$738.3M	N/A
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$18.2M+216.0%	$5.8M+93.6%	$3.0M-48.4%	$5.8M+22.7%	$4.7M-68.4%	$14.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$475.1M-17.6%	$576.5M+8.3%	$532.1M-5.9%	$565.7M+328.1%	$132.2M	N/A
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$435.3M-21.2%	$552.3M+8.3%	$510.1M-7.1%	$549.0M+590.6%	$79.5M	N/A
Total Equity	$485.0M-5.8%	$514.9M-5.9%	$547.1M-5.0%	$576.1M-5.0%	$606.2M+30.0%	$466.2M
Retained Earnings	-$49.9M-14.7%	-$43.5M+8.7%	-$47.6M-146.6%	-$19.3M-7136.0%	-$267K	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$960.1M-0.3%	$963.3M-7.5%	$1.0B+0.8%	$1.0B-5.4%	$1.1B+1.5%	$1.1B-0.2%	$1.1B+4.6%	$1.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$18.2M+129.6%	$7.9M+32.8%	$6.0M-67.5%	$18.4M+219.2%	$5.8M+59.0%	$3.6M-58.9%	$8.8M+27.4%	$6.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$475.1M+0.3%	$473.8M-12.6%	$542.4M+2.4%	$529.6M-8.1%	$576.5M+1.5%	$568.2M-0.6%	$571.9M+14.0%	$501.5M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$435.3M-1.8%	$443.5M-14.0%	$515.9M+4.8%	$492.2M-10.9%	$552.3M+1.8%	$542.5M-1.1%	$548.7M+15.3%	$475.9M
Total Equity	$485.0M-0.9%	$489.5M-1.9%	$498.9M-0.9%	$503.3M-2.2%	$514.9M+1.5%	$507.4M+0.2%	$506.4M-4.4%	$529.5M
Retained Earnings	-$49.9M+11.4%	-$56.3M-9.7%	-$51.4M+6.8%	-$55.1M-26.6%	-$43.5M+23.9%	-$57.2M+11.9%	-$64.9M-18.8%	-$54.6M

RWAYL Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$186.3M+167.1%	$69.8M-38.0%	$112.4M+131.2%	-$359.8M-487.5%	-$61.2M+42.3%	-$106.1M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	-$173.9M-159.6%	-$67.0M+41.9%	-$115.2M-131.9%	$360.9M+606.9%	$51.1M-32.1%	$75.2M
Dividends Paid	$51.4M-26.4%	$69.9M-4.7%	$73.3M+42.1%	$51.6M+187.5%	$17.9M+147.0%	$7.3M
Share Buybacks	$12.5M-65.2%	$36.0M	N/A	$10.8M	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$20.6M-77.7%	$92.4M+31216.2%	-$297K-100.4%	$73.6M+429.6%	$13.9M-46.4%	$25.9M+167.1%	-$38.6M-156.3%	$68.6M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	-$10.4M+88.5%	-$90.5M-647.5%	-$12.1M+80.1%	-$61.0M-418.5%	-$11.8M+62.2%	-$31.1M-176.7%	$40.5M+162.7%	-$64.7M
Dividends Paid	$11.9M-8.3%	$13.0M	N/A	N/A	$14.9M-13.9%	$17.3M-6.4%	$18.5M-2.7%	$19.0M
Share Buybacks	$0-100.0%	$4.4M	N/A	N/A	$5.8M-14.2%	$6.7M-47.6%	$12.8M+21.0%	$10.6M

RWAYL Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	7.0%-7.3pp	14.3%+6.2pp	8.1%+2.5pp	5.6%-1.9pp	7.5%-2.5pp	10.1%
Return on Assets	3.5%-3.2pp	6.7%+2.6pp	4.1%+1.3pp	2.8%-3.4pp	6.2%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.90-0.2	1.07+0.1	0.93-0.0	0.95+0.8	0.13	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	1.6%-1.7pp	3.4%+3.0pp	0.4%	N/A	4.9%+3.3pp	1.6%-0.6pp	2.3%
Return on Assets	N/A	0.8%-0.8pp	1.6%+1.4pp	0.2%	N/A	2.3%+1.6pp	0.8%-0.4pp	1.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.900.0	0.91-0.1	1.03+0.1	0.98-0.1	1.070.0	1.07-0.0	1.08+0.2	0.90
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

Is RUNWAY GROWTH FINANCE CORP profitable?

Yes, RUNWAY GROWTH FINANCE CORP (RWAYL) 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 (RWAYL) 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 (RWAYL) 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 (RWAYL) 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 (RWAYL) had $960.1M in total assets as of fiscal year 2025, including both current and long-term assets.

Does RUNWAY GROWTH FINANCE CORP buy back shares?

Yes, RUNWAY GROWTH FINANCE CORP (RWAYL) spent $12.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does RUNWAY GROWTH FINANCE CORP have outstanding?

RUNWAY GROWTH FINANCE CORP (RWAYL) had 36M shares outstanding as of fiscal year 2025.

What is RUNWAY GROWTH FINANCE CORP's debt-to-equity ratio?

RUNWAY GROWTH FINANCE CORP (RWAYL) had a debt-to-equity ratio of 0.90 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is RUNWAY GROWTH FINANCE CORP's return on assets (ROA)?

RUNWAY GROWTH FINANCE CORP (RWAYL) 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 Piotroski F-Score?

RUNWAY GROWTH FINANCE CORP (RWAYL) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are RUNWAY GROWTH FINANCE CORP's earnings high quality?

RUNWAY GROWTH FINANCE CORP (RWAYL) has an earnings quality ratio of 5.47x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.