Runway Growth Finance Corp. Stock Price, News & Analysis

Runway Growth Capital (NASDAQ:RWAY) was named to Inc. Magazine's 2025 Founder-Friendly Investors list for the third consecutive year, highlighting its focus on minimally dilutive growth loans that preserve founder ownership and control.

Key facts: Runway has partnered with >80 businesses and committed over $3.0 billion in loans since 2015. In January 2025 Runway was acquired by BC Partners Credit, aligning Runway with BC's $40 billion in assets under management while retaining its leadership team and credit culture.

Disclosure notes a paid entry fee for the award, which may create a conflict of interest.

Runway Growth Finance Corp (Nasdaq: RWAY) will release its Q3 2025 financial results after market close on Thursday, November 6, 2025.

The company will host a conference call and webcast the same day at 3:00 p.m. PT (6:00 p.m. ET). Participants are asked to register via the Runway Growth investor relations website, preferably a day before or at least 15 minutes before the call. A replay of the webcast will be available two hours after the call and archived on the same webpage for 90 days.

Runway Growth Finance (Nasdaq: RWAY) entered a definitive merger agreement to acquire SWK Holdings (Nasdaq: SWKH), a life‑science specialty finance firm, in an NAV‑for‑NAV transaction with an estimated purchase price of ~$220 million (including estimated transaction expenses).

Pro forma, the deal raises total assets to $1.3 billion, increases healthcare exposure to ~31% of the portfolio (from 14% as of 6/30/2025), and is expected to deliver mid‑single‑digit NII accretion in the first full quarter after close. Consideration includes $75.5 million in Runway Growth shares, ~$145 million in cash, and a $9 million adviser cash contribution. SWK’s portfolio (22 companies) has an approximate fair value of $242 million (est. 8/15/2025). The close is expected late 2025–Q1 2026, subject to approvals.

Runway Growth Finance (Nasdaq: RWAY) provided its quarter-ended September 30, 2025 portfolio update, reporting $128.3 million funded across 11 investments and $201.2 million of liquidity events during Q3 2025.

Key deployments included new financings to Digicert ($9.3M funded), FHAS ($7.5M funded), and full refinancings for Kin ($45.0M), Madison Reed ($40.0M), and Skillshare ($12.9M). Liquidity receipts included full principal repayments from Kin ($75.0M), Interactions ($40.0M), FiscalNote ($25.8M), Nalu Medical ($21.1M), and others.

As of Sept 30, 2025 the portfolio comprised 47 debt investments across 30 companies and 89 equity investments across 47 companies.

Runway Growth Capital (NASDAQ:RWAY) and PitchBook have released their 2024-2025 Venture Debt Review, revealing significant shifts in the venture debt landscape. The report highlights that venture debt reached a record $53 billion in 2024, despite lower deal counts.

Key findings show that nearly 60% of venture debt financings occurred at late or venture-growth stages, and 67% of respondents focus on funding expansion-stage companies. The study reveals a significant perception shift, with 61% of respondents no longer viewing venture debt as "rescue financing". While exit value increased to $152.9B in 2024, IPO timelines are at their longest in over a decade, with over 1,300 companies valued at $500M+.

Runway Growth Finance Corp. (Nasdaq: RWAY), a provider of flexible capital solutions to late-stage companies, reported strong Q2 2025 financial results. The company delivered total investment income of $35.1 million and net investment income of $13.9 million ($0.38 per share).

Key highlights include a dollar-weighted annualized yield of 15.40% on debt investments, completion of $37.8 million in funded investments across three portfolio companies, and declaration of $0.36 per share in Q3 distributions. The investment portfolio reached $1.0 billion across 54 companies, with 97.8% in senior secured loans. Net asset value stood at $498.9 million ($13.66 per share), representing a 1% increase from the previous quarter.

The company maintains strong liquidity with $297.0 million available, including $6.0 million in cash and $291.0 million in credit facility capacity.

Runway Growth Capital (NASDAQ:RWAY) has announced a $20 million growth loan commitment to Swing Education, comprising a first lien term loan and a revolving credit line. Swing Education, founded in 2015, operates an online marketplace connecting schools with qualified substitute teachers across multiple states including California, Arizona, Texas, Illinois, New York, New Jersey, and Washington, D.C.

The funding aims to support Swing Education's nationwide expansion and address the critical shortage of substitute teachers in K-12 education. The company streamlines substitute teacher hiring and placement processes through technology and support services. The financing structure, including both a first lien and revolver, was designed to accommodate the seasonal nature of the education sector.

Runway Growth Finance (Nasdaq: RWAY), a provider of flexible capital solutions to late- and growth-stage companies, has declared a total Q3 2025 distribution of $0.36 per share. The distribution consists of a regular dividend of $0.33 and a supplemental dividend of $0.03 per share.

The dividend will be paid on September 2, 2025, to shareholders of record as of August 18, 2025. The company maintains a dividend reinvestment plan where stockholders who haven't opted out will have their cash dividends automatically reinvested in additional shares.

Runway Growth Finance Corp. (Nasdaq: RWAY), a provider of flexible capital solutions, has released its Q2 2025 portfolio update. The company completed three investments totaling $37.8 million in funded loans during the quarter, including new investments in Autobooks ($27.0M) and Swing Education ($8.0M), plus a $2.8M investment in existing portfolio company Marley Spoon SE.

The quarter saw significant liquidity events, including a $25.0M full principal repayment from SetPoint Medical Corporation and $4.1M in scheduled loan amortization payments. As of June 30, 2025, RWAY's portfolio comprised 48 debt investments across 31 companies and 89 equity investments in 49 companies, focusing on technology, healthcare, and select consumer sectors.