Runway Growth Finance Corp. Stock Price, News & Analysis

Runway Growth Finance (NASDAQ: RWAY) reported its Q1 2025 financial results, showing total investment income of $35.4 million and net investment income of $15.6 million ($0.42 per share). The company's investment portfolio reached $1.0 billion across 52 companies, with a dollar-weighted annualized yield of 15.44% on debt investments. During Q1, RWAY completed three investments in existing portfolio companies totaling $50.7 million and declared a Q2 2025 regular dividend of $0.33 plus a $0.02 supplemental dividend per share. The company maintained strong liquidity with $315.4 million available, including $18.4 million in cash. Notable achievements include $71.9 million in principal prepayments, $38.1 million in equity sale proceeds, and net realized gains of $6.1 million. The company's NAV stood at $13.48 per share, and it recently secured $107 million in Series 2025A Senior Notes.

Runway Growth Capital (RWAY) has provided a $40 million senior secured term loan to Autobooks, a fintech company specializing in integrated payment solutions for small and medium-sized businesses. The funding will support Autobooks' expansion and its recent acquisition of Allied Payment Network.

Autobooks, founded in 2015 and based in Detroit, offers embedded financial management solutions including invoicing, payment acceptance, and bookkeeping capabilities through banks and credit unions. The company has shown significant growth, ranking #258 and #249 on Inc. 5000's fastest-growing companies list in 2022 and 2023, respectively.

The acquisition of Allied Payment Network enhances Autobooks' platform by adding real-time bill pay and digital disbursement solutions, creating a comprehensive small business banking platform.

Runway Growth Finance Corp. (NASDAQ: RWAY) has declared its second quarter 2025 dividend distributions. The company announced a regular cash distribution of $0.33 per share and an additional supplemental dividend of $0.02 per share. Key dates include: Declaration Date - May 7, 2025; Record Date - May 19, 2025; and Payment Date - June 3, 2025.

The company, which provides flexible capital solutions to late- and growth-stage companies, intends to distribute substantially all available earnings quarterly, subject to Board discretion and various conditions. RWAY maintains an "opt out" dividend reinvestment plan, allowing stockholders to automatically reinvest cash dividends into additional company shares unless they choose to opt out.

Runway Growth Capital (RWAY) has promoted Avisha Khubani to Managing Director of Portfolio Analytics. Khubani, who joined Runway in 2018 as Vice President, will lead efforts in enhancing portfolio monitoring, optimizing investment decisions, and strengthening risk management strategies. With an MBA from NYU Stern and CFA designation, Khubani brings extensive experience from her previous roles at Kroll Inc. and Empire Valuation Consultants, where she specialized in valuing complex portfolios of private loans and equity.

CEO David Spreng praised Khubani's contributions to Runway's success, highlighting her analytical rigor and strong understanding of risk management. In her expanded role, she will continue overseeing the performance of Runway's portfolio companies while enhancing risk assessment frameworks.

Runway Growth Finance Corp. (RWAY) has announced a rescheduling of its first quarter 2025 financial results release. The company, which specializes in providing flexible capital solutions to late- and growth-stage companies, will now release its Q1 2025 results after market close on Monday, May 12, 2025. A conference call and webcast to discuss the results will be held the same day at 2:00 p.m. PT (5:00 p.m. ET). Participants can register for the call through Runway Growth's Investor Relations website, with registration recommended at least 15 minutes before the call. A replay will be available two hours after the call and remain accessible for 90 days.

Runway Growth Finance Corp. (RWAY) has provided its Q1 2025 portfolio update, highlighting three investments in existing portfolio companies totaling $50.7 million in funded loans. The company completed a $55 million investment in Route 92 Medical Inc. (funding $35 million at close), a $13 million follow-on investment in Elevate Services, Inc., and a $2.7 million investment in Marley Spoon SE.

Notable liquidity events included a full principal repayment from Gynesonics, Inc. of $25.6 million plus preferred stock liquidation for total proceeds of $37.4 million, an $11.3 million partial repayment from FiscalNote Holdings, and $0.7 million from Quantum stock liquidation.

As of March 31, 2025, the portfolio comprised 46 debt investments across 31 companies and 84 equity investments in 47 companies, focusing on technology, healthcare, and select consumer services sectors. The company completed the acquisition of its investment adviser by BC Partners Advisors L.P. affiliates in Q1 2025.

Runway Growth Finance Corp. (Nasdaq: RWAY) has scheduled its first quarter 2025 financial results announcement for Tuesday, May 13, 2025, after market close. The company, which specializes in providing flexible capital solutions to late- and growth-stage companies as an equity-raising alternative, will host a conference call at 2:00 p.m. PT (5:00 p.m. ET) on the same day.

Participants can register for the conference call and webcast through the Runway Growth Investor Relations website. Registration is recommended one day in advance or at least 15 minutes before the call begins. A webcast replay will be available two hours after the call and remain accessible for 90 days.

Runway Growth Finance Corp. (RWAY) has announced two significant operational updates. First, the company amended and extended its credit agreement with KeyBank National Association on March 18, 2025. The revised agreement extends the maturity date and revolving period of the credit facility while expanding financing solutions available to borrowers, including cash flow based loans, asset based loans, and recurring revenue loans.

Second, the company has expanded its Board of Directors from five to eight members. Ted Goldthorpe was appointed as Chairman of the Board, while Alexander Duka and Robert Warshauer joined as independent directors. Additionally, Catherine Frey and Jennifer Kwon Chou were appointed as independent directors, with their appointments effective January 23, 2025, and March 21, 2025, respectively.

Runway Growth Finance Corp. (RWAY) reported its Q4 and fiscal year 2024 results, with total investment income of $33.8 million and net investment income of $14.6 million ($0.39 per share) for Q4 2024. The company's investment portfolio reached $1.1 billion at fair value across 56 portfolio companies.

Key Q4 metrics include a dollar-weighted annualized yield of 14.7% on debt investments and NAV of $514.9 million ($13.79 per share). The company completed $154.0 million in funded investments, including two new portfolio companies.

For FY2024, RWAY achieved net investment income of $63.8 million ($1.64 per share) and maintained a low credit loss ratio of 12 basis points. The Board declared Q1 2025 distributions of $0.33 regular dividend plus $0.03 supplemental dividend per share.