Runway Growth Finance (NASDAQ: RWAY) posts Q2 2026 results, trims credit line

Q: What were Runway Growth Finance (RWAY) key financial results for Q2 2026?

Runway Growth Finance reported total investment income of $37.0 million and net investment income of $18.2 million, or $0.43 per share , for the quarter ended June 30, 2026, compared to $35.1 million and $13.9 million, or $0.38 per share, a year earlier.

Q: How large was Runway Growth Finance (RWAY) investment portfolio at June 30, 2026?

As of June 30, 2026, Runway Growth Finance had an investment portfolio of $1.2 billion at fair value across 79 companies , consisting of approximately $1.1 billion in loans (98.0% senior secured) and $70.0 million in warrants and other equity-related investments.

Q: What dividend did Runway Growth Finance (RWAY) declare for Q3 2026?

On August 5, 2026, the board declared a third-quarter 2026 dividend of $0.33 per share for stockholders of record on August 17, 2026. The distribution is scheduled to be payable on August 31, 2026 to those stockholders.

Q: How did Runway Growth Finance (RWAY) net asset value change in Q2 2026?

Net asset value per share was $11.91 as of June 30, 2026, compared to $12.13 as of March 31, 2026. Total net assets were $502.6 million , up from $438.2 million, reflecting a $27.2 million net increase in net assets from operations.

Q: What changes were made to Runway Growth Finance (RWAY) credit facility in July 2026?

On July 13, 2026, the company entered an amendment that reduced total credit facility commitments from $550.0 million to $425.0 million , permitted certain non-pro rata prepayments, amended financial covenants , updated key-person trigger events, and modified loan eligibility and borrowing-base concentration limits.

Q: Who was appointed Co-Chief Executive Officer of Runway Growth Finance (RWAY)?

Effective August 6, 2026, Michael Rovner was elected Co-Chief Executive Officer of Runway Growth Finance alongside R. David Spreng. He also became Co-Chief Executive Officer and Co-Chief Investment Officer of Runway Growth Capital LLC and joined its investment committee.

Q: What were Runway Growth Finance (RWAY) liquidity and leverage levels at June 30, 2026?

As of June 30, 2026, the company had $210.8 million of available liquidity , including $10.8 million in unrestricted cash and $200.0 million of undrawn credit facility capacity. The core leverage ratio was approximately 136% , up from 98% at March 31, 2026.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Runway Growth Finance Corp. reported second-quarter 2026 total investment income of $37.0 million and net investment income of $18.2 million, or $0.43 per share, compared to $35.1 million and $13.9 million a year earlier. The investment portfolio reached $1.2 billion at fair value across 79 companies, with a dollar-weighted annualized yield on debt investments of 14.2%.

Net realized loss was $45.3 million, offset by $54.3 million of net unrealized gain, producing a $27.2 million net increase in net assets from operations, or $0.65 per share. Net asset value per share was $11.91 and total net assets were $502.6 million, up from $438.2 million on March 31, 2026. The company funded $239.6 million of investments tied to the SWK Holdings acquisition plus $85.8 million in other fundings, received $36.5 million of repayments and sale proceeds, and repurchased 249,169 shares for $1.4 million. Liquidity totaled $210.8 million with a core leverage ratio of about 136%. The board declared a $0.33 per share third-quarter 2026 dividend, reduced total credit facility commitments to $425.0 million after quarter-end, and appointed Michael Rovner as Co‑Chief Executive Officer alongside R. David Spreng.

Filing Explained

Common stock funded SWK transaction without a disclosed share count; net asset value per share was $11.91 on June 30 versus $12.13 on March 31.

The August 6 Form 8-K furnishes second-quarter results and states that investments acquired in the SWK Holdings transaction were obtained with a combination of cash and Runway Growth common stock; it does not quantify the shares used or the resulting ownership effect.

Common-stock consideration can create dilution because issuing additional shares reduces an existing holder’s percentage ownership absent offsetting changes, but this filing does not establish the size of that potential effect.

Separately, reported net asset value per share was $11.91 on June 30, 2026, versus $12.13 on March 31, 2026, showing a lower per-share asset value at quarter-end.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Total investment income: $37.0 million Net investment income: $18.2 million Net investment income per share: $0.43 per share +5 more

8 metrics

Total investment income $37.0 million Quarter ended June 30, 2026; compared to $35.1 million in Q2 2025

Net investment income $18.2 million Quarter ended June 30, 2026; compared to $13.9 million in Q2 2025

Net investment income per share $0.43 per share Quarter ended June 30, 2026; basic and diluted

Investment portfolio fair value $1.2 billion As of June 30, 2026, across 79 portfolio companies

Dollar-weighted annualized yield on debt investments 14.2% Quarter ended June 30, 2026, on average debt investments

Net asset value per share $11.91 As of June 30, 2026; compared to $12.13 on March 31, 2026

Total net assets $502.6 million As of June 30, 2026; up from $438.2 million on March 31, 2026

Quarterly dividend $0.33 per share Third quarter 2026 distribution declared August 5, 2026

Key Terms

net investment income, non-accrual status, dollar-weighted annualized yield, payment-in-kind interest income, +2 more

6 terms

net investment income financial

"Net investment income for the quarter ended June 30, 2026 was $18.2 million"

Net investment income is the money an investor or fund actually keeps from its investments after subtracting the costs of running those investments (like management fees, interest, and losses). Think of it as your paycheck from owning assets: gross returns minus the bills needed to earn them. Investors watch it because it shows how profitable the investment activities are, influences dividend payouts and cash available for growth, and helps compare true performance across funds or companies.

non-accrual status financial

"yield was modestly impacted by the transition of BlueShift and Marley Spoon to non-accrual status"

A loan or credit account is placed in non-accrual status when the lender stops recording expected interest income because the borrower is not making scheduled payments or repayment is doubtful. Think of it like a landlord who stops counting unpaid rent as future income once a tenant stops paying; it signals rising credit problems and potential losses. For investors, non-accrual levels indicate loan quality and can foreshadow write-downs, lower earnings, and increased risk to a lender’s balance sheet.

dollar-weighted annualized yield financial

"dollar-weighted annualized yield on average debt investments for the quarter ended June 30, 2026 was 14.2%"

A dollar-weighted annualized yield is the single annual rate that turns all the actual cash flows you made into an investment—deposits and withdrawals—into the ending value, accounting for when those flows happened. It matters to investors because it shows the real return they experienced given their own timing of contributions, like a personalized interest rate that can differ from headline returns when you add or remove money at different times.

payment-in-kind interest income financial

"Payment-in-kind interest income from non-control/non-affiliate investments was 1,546"

Payment-in-kind (PIK) interest income is interest a lender or investor earns when the borrower pays by increasing the loan balance or issuing more debt instead of sending cash. It matters because it boosts reported income without improving immediate cash flow, can hide rising borrower stress or leverage, and affects valuation and risk assessment much like interest that gets added to a credit-card balance instead of being paid down.

business development company financial

"Runway Growth is a closed-end investment fund that has elected to be regulated as a business development company"

A business development company is a publicly traded investment vehicle that lends to and buys stakes in smaller or privately held companies, acting like a combination of a lender, investor, and business partner. It matters to investors because BDCs offer the potential for higher regular income through dividends and diversified exposure to growing businesses, but they can also carry greater credit and liquidity risk than typical stocks or bonds—think higher-yielding but riskier income instruments.

core leverage ratio financial

"The Company ended the quarter with a core leverage ratio of approximately 136%"

The core leverage ratio compares a company's most reliable capital—typically common equity and retained earnings—to its total or specially adjusted assets, showing how much of the firm is funded by true ownership versus borrowed or riskier funding. For investors, it signals how well a company can absorb losses without relying on external help: like the thickness of a ship’s hull compared with its size, a higher ratio means greater protection against financial shocks.

Earnings Snapshot

Total investment income: $37.0 million

Quarter ended June 30, 2026

Total investment income $37.0 million compared to $35.1 million for the quarter ended June 30, 2025

Net investment income $18.2 million compared to $13.9 million for the quarter ended June 30, 2025

Net increase in net assets from operations $27.2 million compared to $16.8 million for the quarter ended June 30, 2025

Net asset value per share $11.91 compared to $12.13 as of March 31, 2026

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Available on EDGAR 08/06/2026 - 04:07 PM Accepted by SEC EDGAR 08/06/2026 - 04:05 PM

FAQ

What were Runway Growth Finance (RWAY) key financial results for Q2 2026?

Runway Growth Finance reported total investment income of $37.0 million and net investment income of $18.2 million, or $0.43 per share, for the quarter ended June 30, 2026, compared to $35.1 million and $13.9 million, or $0.38 per share, a year earlier.

How large was Runway Growth Finance (RWAY) investment portfolio at June 30, 2026?

As of June 30, 2026, Runway Growth Finance had an investment portfolio of $1.2 billion at fair value across 79 companies, consisting of approximately $1.1 billion in loans (98.0% senior secured) and $70.0 million in warrants and other equity-related investments.

What dividend did Runway Growth Finance (RWAY) declare for Q3 2026?

On August 5, 2026, the board declared a third-quarter 2026 dividend of $0.33 per share for stockholders of record on August 17, 2026. The distribution is scheduled to be payable on August 31, 2026 to those stockholders.

How did Runway Growth Finance (RWAY) net asset value change in Q2 2026?

Net asset value per share was $11.91 as of June 30, 2026, compared to $12.13 as of March 31, 2026. Total net assets were $502.6 million, up from $438.2 million, reflecting a $27.2 million net increase in net assets from operations.

What changes were made to Runway Growth Finance (RWAY) credit facility in July 2026?

On July 13, 2026, the company entered an amendment that reduced total credit facility commitments from $550.0 million to $425.0 million, permitted certain non-pro rata prepayments, amended financial covenants, updated key-person trigger events, and modified loan eligibility and borrowing-base concentration limits.

Who was appointed Co-Chief Executive Officer of Runway Growth Finance (RWAY)?

Effective August 6, 2026, Michael Rovner was elected Co-Chief Executive Officer of Runway Growth Finance alongside R. David Spreng. He also became Co-Chief Executive Officer and Co-Chief Investment Officer of Runway Growth Capital LLC and joined its investment committee.

What were Runway Growth Finance (RWAY) liquidity and leverage levels at June 30, 2026?

As of June 30, 2026, the company had $210.8 million of available liquidity, including $10.8 million in unrestricted cash and $200.0 million of undrawn credit facility capacity. The core leverage ratio was approximately 136%, up from 98% at March 31, 2026.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     Date of Report (Date of earliest event reported): August 06, 2026

    

Runway Growth Finance Corp.

(Exact name of Registrant as Specified in Its Charter)


Maryland	814-01180	47-5049745
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

205 N. Michigan Ave. Suite 4200
Chicago, Illinois		60601
(Address of Principal Executive Offices)		(Zip Code)

     Registrant’s Telephone Number, Including Area Code: (312) 698-6902

    

     Not Applicable

    

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share	RWAY	Nasdaq Global Select Market
7.50% Notes due 2027	RWAYL	Nasdaq Global Select Market
7.25% Notes due 2031	RWAYI	Nasdaq Global Select Market
9.00% Notes due 2027	SWKHL	Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On August 6, 2026, Runway Growth Finance Corp. (the “Company”) issued a press release announcing its financial results for the quarter ended June 30, 2026. The text of the press release is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information set forth under this Item 2.02, including the information set forth in Exhibit 99.1 hereto, is being “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise. The information set forth under this Item 2.02, including Exhibit 99.1, shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or into any filing or other document pursuant to the Exchange Act, except as otherwise expressly stated in any such filing.

Item 9.01 Financial Statements and Exhibits.


Exhibit Number		Description

99.1		Press Release, dated August 6, 2026.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


			Runway Growth Finance Corp.

Date:	August 6, 2026	By:	/s/ Carmela Thomson
			Chief Financial Officer

Runway Growth Finance Corp. Reports Second Quarter 2026 Financial Results

Delivered Total and Net Investment Income of $37.0 million and $18.2 million, Respectively

Investment Portfolio of $1.2 billion

Conference Call on Friday, August 7, 2026 at 10:00 a.m. ET

MENLO PARK, Calif., August 6, 2026—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 its financial results for the second quarter ended June 30, 2026.

Second Quarter 2026 Highlights

•

Total investment portfolio of $1.2 billion at fair value

•

Total investment income of $37.0 million

•

Net investment income of $18.2 million, or $0.43 per share

•

Net asset value of $502.6 million, or $11.91 per share

•

Dollar-weighted annualized yield on debt investments of 14.2%

•

Funded approximately $239.6 million of investments acquired in connection with the Company's acquisition of SWK Holdings, including $216.2 million across 13 acquired loan positions and $23.4 million in acquired equity positions, with a combination of cash and the Company's common stock as consideration

•

Ten investments completed in new and existing portfolio companies, representing $101.7 million in funded investments, which net of assignments was $85.8 million

•

Aggregate proceeds of $36.5 million, representing $15.9 million in assignments, $10.5 million from scheduled repayments, and $10.1 million in sale proceeds from equity

•

Repurchased 249,169 shares during the quarter for an aggregate purchase price of $1.4 million

Third Quarter 2026 Distributions

•

Declared third quarter 2026 dividend of $0.33 per share

“During the second quarter, we made meaningful progress executing our strategy while further strengthening the foundation of the business,” said David Spreng, Founder and Co-Chief Executive Officer of Runway Growth. “The successful integration of the SWK portfolio has enhanced our diversification, increased our earnings capacity and broadened our opportunity set. At the same time, we remain disciplined in our capital allocation, balancing new investments with opportunistic share repurchases. Complementing these efforts, our investment adviser and its affiliates recently announced their commitment to purchase up to 10% of our outstanding shares. Together, these actions reflect strong alignment with our shareholders and confidence in Runway’s long-term value.”

“I also want to welcome Mike Rovner, who has been appointed Co-Chief Executive Officer of Runway Growth Finance and Co-Chief Investment Officer of Runway Growth Capital,” continued Mr. Spreng. “Mike brings more than 30 years of experience spanning technology, venture capital, private credit and growth lending. His experience building and leading investment platforms, together with his connectivity across the BC Partners platform, further strengthens our leadership team and investment capabilities. Mike's disciplined investment philosophy and deep understanding of the innovation economy closely align with the culture we've built at Runway, and I look forward to partnering with him as we remain focused on maximizing shareholder returns.”

Second Quarter 2026 Operating Results

Total investment income for the quarter ended June 30, 2026 was $37.0 million, compared to $35.1 million for the quarter ended June 30, 2025.

The Company's dollar-weighted annualized yield on average debt investments for the quarter ended June 30, 2026 was 14.2%. The yield was modestly impacted by the transition of BlueShift and Marley Spoon to non-accrual status at the end of the first quarter. The Company calculates the yield on dollar-weighted debt investments for any period measured as (1) total investment-related income during the period divided by (2) the daily average of the fair value of debt investments, including investments on non-accrual status, outstanding during the period.

Total operating expenses for the quarter ended June 30, 2026 were $18.8 million, compared to $21.2 million for the quarter ended June 30, 2025.

Net investment income for the quarter ended June 30, 2026 was $18.2 million, or $0.43 per share, compared to $13.9 million, or $0.38 per share, for the quarter ended June 30, 2025.

Net realized loss was $45.3 million for the quarter ended June 30, 2026, compared to a net realized loss of $1.5 million for the quarter ended June 30, 2025.

For the quarter ended June 30, 2026, net change in unrealized gain was $54.3 million, compared to a net change in unrealized gain of $4.4 million for the quarter ended June 30, 2025.

For the quarter ended June 30, 2026, our net increase in net assets resulting from operations was $27.2 million, or $0.65 per share, compared to a net increase in net assets resulting from operations of $16.8 million, or $0.45 per share, for the quarter ended June 30, 2025.

Portfolio and Investment Activity

As of June 30, 2026, Runway Growth’s investment portfolio had an aggregate fair value of $1.2 billion in 79 companies, comprising $1.1 billion in loans, 98.0% of which are senior secured loans, and $70.0 million in warrants and other equity-related investments.

During the second quarter of 2026, Runway Growth funded approximately $239.6 million of investments acquired in connection with the Company's acquisition of SWK Holdings, including $216.2 million across 13 acquired loan positions and $23.4 million in acquired equity positions, with a combination of cash and the Company's common stock as consideration, which net of the purchase discount was $225.2 million. The Company also completed ten investments in new and existing portfolio companies, representing $101.7 million in funded investments, which net of assignments was $85.8 million. Total debt and equity fundings net of upfront loan origination fees and purchase discounts were $325.4 million.

During the second quarter of 2026, Runway Growth received aggregate proceeds of $26.0 million in principal prepayments and equity sale proceeds. In addition, Runway Growth received proceeds of $10.5 million in scheduled amortizations.

Total portfolio investment activity for the three months ended June 30, 2026 and 2025 was as follows:


	Three Months Ended June 30,
	2026			2025
Beginning investment portfolio	$	886,346		$	1,004,233
Purchases of investments		325,352			38,719
PIK interest		1,957			4,093
Sales and prepayments of investments		(25,974	)		(25,000	)
Scheduled repayments of investments		(10,469	)		(4,230	)
Amortization of fixed income premiums or accretion of discounts		5,330			2,917
Net realized gain (loss) on investments		(44,384	)		(1,501	)
Net change in unrealized gain (loss) on investments		54,192			5,720
Ending investment portfolio	$	1,192,350		$	1,024,951

Net Asset Value

As of June 30, 2026, net asset value per share was $11.91, compared to $12.13 as of March 31, 2026. Total net assets at the end of the second quarter of 2026 was $502.6 million, an increase of 15% from $438.2 million as of March 31, 2026.

Liquidity and Capital Resources

As of June 30, 2026, the Company had approximately $210.8 million in available liquidity, including unrestricted cash and cash equivalents of $10.8 million and $200.0 million in available borrowing capacity under the Company’s credit facility, subject to existing terms, advance rates and regulatory and covenant requirements. The Company ended the quarter with a core leverage ratio of approximately 136%, compared to 98% for the quarter ended March 31, 2026.

Distributions

On August 5, 2026, the Company’s board of directors (the "Board of Directors") declared a quarterly distribution of $0.33 per share for stockholders of record as of August 17, 2026. Distributions are payable on August 31, 2026.

Recent Developments

The Company evaluated events subsequent to June 30, 2026 through August 6, 2026, the date the consolidated financial statements were issued. There have been no subsequent events that occurred during such period that would require recognition or disclosure, except as disclosed below.

Credit Facility

On July 13, 2026, the Company entered into the Eighth Amendment to its amended and restated credit agreement (the “Credit Facility Amendment”). The Credit Facility Amendment, (i) reduced the total commitments under the Credit Facility from $550.0 million to $425.0 million; (ii) permitted the future prepayment and termination of a certain lender’s commitments on a non-pro rata basis; (iii) amended certain financial covenants; (iv) updated certain key-person trigger events; and (v) amended certain loan eligibility criteria and borrowing-base concentration limitations.

Appointment of Co-Chief Executive Officer

On August 5, 2026, the Board of Directors elected Michael Rovner, age 56, as the Company’s Co-Chief Executive Officer, effective as of the close of business on August 6, 2026 (the “Effective Time”), to serve alongside R. David Spreng, whose title will change from Chief Executive Officer and President to Co-Chief Executive Officer and President of the Company, as of the Effective Time. In addition, Mr. Rovner will serve as the Co-Chief Executive Officer, the Co-Chief Investment Officer and as a member of the investment committee of Runway Growth Capital LLC ("RGC"), effective as of the Effective Time.

Mr. Rovner has more than 30 years of industry experience spanning early and growth stage technology companies, private equity, private credit, and growth-debt lending. Prior to joining the Company, Mr. Rovner served as a managing director at BC Partners and its affiliate Mount Logan Management since 2023. Before that, from 2012 to 2023, he served as the chief executive officer and head of the investment committee of Ovation Partners, a provider of asset backed lending solutions and growth capital for established companies, which he co-founded. From 2009 to 2011, Mr. Rovner served on the Board of Directors of Vida Capital, a vertically integrated manager of insurance-related and longevity contingent assets, which he co-founded in 2009. From 2000 to 2011, he served as a partner and head of the financial services practice of Austin Ventures, a venture capital and growth equity firm focused on early-stage and growth equity investments in the financial services, technology, digital media, and technology-enabled services markets. Mr. Rovner began his career in early-stage technology businesses, including Empart Technology (acquired by ARI Networks), Stanford Technology Group (acquired by Informix Software), and Mission Critical Software (NASDAQ IPO and subsequent acquisition by NetIQ Corporation). Mr. Rovner received a B.A. in English from UCLA.

Investment Committee

Effective as of the close of business on August 6, 2026, RGC’s Investment Committee will consist of R. David Spreng, Michael Rovner, Thomas B. Raterman and Patrick Schafer. For additional information regarding Mr. Rovner’s appointment and the related changes to RGC’s Investment Committee, refer to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, being filed concurrently with this Current Report on Form 8-K.

Recent Portfolio Activity

From July 1, 2026 through August 6, 2026, the Company funded $1.9 million in unfunded commitments on existing investments. The Company also received $17.1 million in debt prepayments.

Conference Call

Runway Growth will hold a conference call to discuss its second quarter ended June 30, 2026 financial results at 7:00 a.m. PT (10:00 a.m. ET) on Friday, August 7, 2026. To participate in the conference call or webcast, participants should register online at the Runway Investor Relations website. The earnings call can also be accessed through the following links:

•

Conference Call

•

Webcast

A live webcast will be available in the investor section of the Company’s website, and will be archived for 90 days following the call.

About Runway Growth Finance Corp.

Runway Growth is a specialty finance company focused on providing flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity. Runway Growth is a closed-end investment fund that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. Runway Growth is externally managed by Runway Growth Capital LLC, an affiliate of BC Partners Advisors L.P. and led by industry veteran David Spreng. For more information, please visit www.runwaygrowth.com.

Forward-Looking Statements

Statements included herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in forward-looking statements as a result of a number of factors, including those described from time to time in Runway Growth’s filings with the Securities and Exchange Commission. Runway Growth undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

Important Disclosures

Strategies described involve special risks that should be evaluated carefully before a decision is made to invest. Not all of the risks and other significant aspects of these strategies are discussed herein. Please see a more detailed discussion of these risk factors and other related risks in the Company’s most recent annual report on Form 10-K in the section entitled “Risk Factors,” which may be obtained on the Company’s website, www.runwaygrowth.com, or the SEC’s website, www.sec.gov.

IR Contacts

Taylor Donahue, Prosek Partners, rway@prosek.com

Carmela Thomson, Chief Financial Officer, ct@runwaygrowth.com

RUNWAY GROWTH FINANCE CORP.

Consolidated Statements of Assets and Liabilities

(In thousands, except share and per share data)


	June 30, 2026		December 31, 2025
	(Unaudited)
Assets
Investments at fair value:
Non-control/non-affiliate investments at fair value (cost of $1,220,537 and $961,646, respectively)	$	1,179,315	$	912,656
Affiliate investments at fair value (cost of $4,551 and $4,551, respectively)		-		-
Control investments at fair value (cost of $12,180 and $13,233, respectively)		13,035		14,746
Total investments at fair value (cost of $1,237,268 and $979,430, respectively)		1,192,350		927,402
Cash and cash equivalents		10,831		18,175
Interest and fees receivable		13,234		7,594
Deferred financing costs		3,567		4,217
Other assets		2,375		2,726
Total assets		1,222,357		960,114

Liabilities
Debt:
Credit facility		350,000		173,000
2026 Notes		-		25,000
2027 Notes		73,219		132,250
2028 Notes		107,000		107,000
2029 Notes		50,000		-
2031 Notes		103,250		-
Deferred financing costs, net		(4,524)		(1,913)
Total debt, net		678,945		435,337
Incentive fees payable		13,238		14,444
Interest payable		9,654		6,756
Foreign currency forward contracts		-		711
Secured borrowings		14,903		14,578
Accrued expenses and other liabilities		3,039		3,319
Total liabilities		719,779		475,145

Net assets
Common stock, par value		422		361
Additional paid-in capital		585,038		534,508
Accumulated undistributed (overdistributed) earnings		(82,882)		(49,900)
Total net assets	$	502,578	$	484,969

Shares of common stock outstanding ($0.01 par value, 100,000,000 shares authorized)		42,215,377		36,134,037
Net asset value per share	$	11.91	$	13.42