Runway Growth Finance (RWAY) Stock Price, News & Analysis

Company Overview

Runway Growth Finance, Inc. is a publicly traded business development company that provides customized debt and equity financing solutions to high‐growth, venture‐backed companies. The firm specializes in structuring senior secured loans, unitranche facilities, second‐lien financings, convertible notes and equity co‐investments designed to extend the cash runway for late‐stage companies. Runway’s flexible capital offerings are aimed at supporting technology, life sciences and other innovation‐driven sectors as they pursue growth initiatives and prepare for liquidity events.

Originally launched in 2017 under the name Saratoga Investment Corp., the company rebranded as Runway Growth Finance in 2020 following the acquisition of an established middle‐market credit manager. Runway’s management team combines private credit, venture and growth investing expertise, leveraging deep relationships within the venture ecosystem to source and underwrite financing opportunities. Their investment approach emphasizes rigorous due diligence, active portfolio monitoring and collaboration with existing shareholders to drive value for portfolio companies.

Headquartered in the United States, Runway Growth Finance primarily serves companies based in North America while selectively considering opportunities in Western Europe. The firm targets businesses approaching significant milestones such as initial public offerings or strategic mergers and acquisitions, offering financing structures that help founders and investors preserve equity ownership and maintain strategic flexibility. Runway’s sector‐focused teams deliver tailored financing solutions designed to bridge the gap between late‐stage venture capital and public market access.

Key Stats

• Today's Range: $9.98 to $10.12
• 50-Day Range: $10.02 to $11.10
• 52-Week Range: $8.35 to $11.73
• Volume: 252,880 shs
• Average Volume: 216,370 shs
• Market Capitalization: $362.92 million
• P/E Ratio: 5.27
• Dividend Yield: 13.17%
• Price Target: $11.20
• Consensus Rating: Moderate Buy

Runway Growth Finance Stock Analysis - MarketRank™

Runway Growth Finance scored higher than 66% of companies evaluated by MarketBeat, and ranked 571st out of 949 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Runway Growth Finance has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.

Upside Potential

Runway Growth Finance has a consensus price target of $11.20, representing about 11.8% upside from its current price of $10.02.

Amount of Analyst Coverage

Runway Growth Finance has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: -4.79%

Earnings Growth

Earnings for Runway Growth Finance are expected to decrease by -4.79% in the coming year, from $1.67 to $1.59 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Runway Growth Finance is 5.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 283.37.

Price to Earnings Ratio vs. Sector

The P/E ratio of Runway Growth Finance is 5.27, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 242.89.

Price to Book Value per Share Ratio

Runway Growth Finance has a P/B Ratio of 0.73. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.77% of the float of Runway Growth Finance has been sold short.

Short Interest Ratio / Days to Cover

Runway Growth Finance has a short interest ratio ("days to cover") of 6.1.

Change versus previous month

Short interest in Runway Growth Finance has recently increased by 6.21%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Runway Growth Finance is a leading dividend payer. It pays a dividend yield of 12.99%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Runway Growth Finance does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Runway Growth Finance is 69.47%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on EPS estimates, Runway Growth Finance will have a dividend payout ratio of 83.02% in the coming year. This indicates that Runway Growth Finance may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.77% of the float of Runway Growth Finance has been sold short.

Short Interest Ratio / Days to Cover

Runway Growth Finance has a short interest ratio ("days to cover") of 6.1.

Change versus previous month

Short interest in Runway Growth Finance has recently increased by 6.21%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.91

News Sentiment

Runway Growth Finance has a news sentiment score of 0.91. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Runway Growth Finance this week, compared to 4 articles on an average week.

Search Interest

6 people have searched for RWAY on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Runway Growth Finance to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Runway Growth Finance insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.04% of the stock of Runway Growth Finance is held by insiders.

Percentage Held by Institutions

64.61% of the stock of Runway Growth Finance is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

RWAY Stock Analysis - Frequently Asked Questions

How have RWAY shares performed this year?

Runway Growth Finance's stock was trading at $10.96 on January 1st, 2025. Since then, RWAY shares have decreased by 8.6% and is now trading at $10.02.

How were Runway Growth Finance's earnings last quarter?

Runway Growth Finance Corp. (NASDAQ:RWAY) issued its quarterly earnings results on Thursday, August, 7th. The company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.39 by $0.01. The business had revenue of $35.15 million for the quarter, compared to analyst estimates of $34.27 million. Runway Growth Finance had a net margin of 51.03% and a trailing twelve-month return on equity of 11.86%.
Read the conference call transcript.

When did Runway Growth Finance IPO?

Runway Growth Finance (RWAY) raised $104 million in an IPO on Thursday, October 21st 2021. The company issued 6,900,000 shares at a price of $14.60-$15.60 per share. J.P. Morgan, Morgan Stanley, Wells Fargo Securities and UBS Investment Bank acted as the underwriters for the IPO and Oppenheimer & Co., B. Riley Securities, Compass Point and Hovde Group, LLC were co-managers.

How do I buy shares of Runway Growth Finance?

Shares of RWAY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Runway Growth Finance own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Runway Growth Finance investors own include Medtronic (MDT), NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Adobe (ADBE), Arista Networks (ANET) and Novo Nordisk A/S (NVO).

Company Calendar

• Last Earnings: 8/07/2025
• Record date for 9/2 Dividend: 8/18/2025
• Ex-Dividend for 9/2 Dividend: 8/18/2025
• Dividend Payable: 9/02/2025
• Today: 10/02/2025
• Next Earnings (Estimated): 11/11/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: FIN - SBIC&COMMRL
• Sub-Industry: N/A
• Current Symbol: NASDAQ:RWAY
• CIK: 1653384
• Web: investors.runwaygrowth.com
• Phone: 312-281-6270
• Fax: N/A
• Employees: 2,020
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Runway Growth Finance: $11.20
• High Price Target: $12.50
• Low Price Target: $9.50
• Potential Upside/Downside: +11.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 6 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.90
• Trailing P/E Ratio: 5.27
• Forward P/E Ratio: 6.00
• P/E Growth: N/A
• Net Income: $73.61 million
• Net Margins: 51.03%
• Pretax Margin: 51.03%
• Return on Equity: 11.86%
• Return on Assets: 5.66%

Debt

• Debt-to-Equity Ratio: 1.03
• Current Ratio: 0.59
• Quick Ratio: 0.59

Sales & Book Value

• Annual Sales: $144.63 million
• Price / Sales: 2.51
• Cash Flow: $1.59 per share
• Price / Cash Flow: 6.29
• Book Value: $13.79 per share
• Price / Book: 0.73

Miscellaneous

• Outstanding Shares: 36,220,000
• Free Float: 35,840,000
• Market Cap: $362.92 million
• Optionable: Optionable
• Beta: 0.68