Annual Income Statements for Runway Growth Finance
This table shows Runway Growth Finance's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Runway Growth Finance
This table shows Runway Growth Finance's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
12 |
18 |
12 |
22 |
15 |
-4.79 |
12 |
8.29 |
25 |
28 |
Consolidated Net Income / (Loss) |
|
12 |
18 |
12 |
22 |
15 |
-4.79 |
12 |
15 |
16 |
31 |
Net Income / (Loss) Continuing Operations |
|
12 |
18 |
12 |
22 |
15 |
-4.79 |
12 |
15 |
16 |
31 |
Total Pre-Tax Income |
|
12 |
3.20 |
12 |
22 |
15 |
-4.79 |
12 |
15 |
16 |
31 |
Total Revenue |
|
24 |
37 |
33 |
45 |
37 |
16 |
33 |
34 |
37 |
50 |
Net Interest Income / (Expense) |
|
27 |
36 |
39 |
41 |
42 |
38 |
39 |
34 |
36 |
33 |
Total Interest Income |
|
27 |
36 |
39 |
41 |
42 |
38 |
39 |
34 |
36 |
33 |
Investment Securities Interest Income |
|
27 |
40 |
39 |
41 |
42 |
38 |
39 |
34 |
36 |
33 |
Total Non-Interest Income |
|
-2.62 |
0.45 |
-6.22 |
3.38 |
-5.05 |
-22 |
-5.87 |
0.33 |
1.03 |
17 |
Other Service Charges |
|
0.15 |
0.32 |
0.05 |
0.74 |
2.17 |
0.89 |
0.75 |
0.33 |
1.03 |
0.65 |
Total Non-Interest Expense |
|
13 |
18 |
21 |
22 |
22 |
21 |
21 |
20 |
21 |
19 |
Insurance Policy Acquisition Costs |
|
3.63 |
- |
4.56 |
4.92 |
5.51 |
4.05 |
4.67 |
3.65 |
3.97 |
2.29 |
Other Operating Expenses |
|
8.91 |
14 |
17 |
17 |
16 |
17 |
17 |
16 |
17 |
17 |
Basic Earnings per Share |
|
$0.29 |
$0.45 |
$0.30 |
$0.55 |
$0.37 |
($0.13) |
$0.30 |
$0.21 |
$0.65 |
$0.73 |
Weighted Average Basic Shares Outstanding |
|
40.77M |
40.97M |
40.51M |
40.51M |
40.51M |
40.51M |
40.39M |
39.18M |
38.39M |
38.85M |
Diluted Earnings per Share |
|
$0.29 |
$0.45 |
$0.30 |
$0.55 |
$0.37 |
($0.13) |
$0.30 |
$0.21 |
$0.65 |
$0.73 |
Weighted Average Diluted Shares Outstanding |
|
40.77M |
40.97M |
40.51M |
40.51M |
40.51M |
40.51M |
40.39M |
39.18M |
38.39M |
38.85M |
Weighted Average Basic & Diluted Shares Outstanding |
|
40.52M |
40.51M |
40.51M |
40.51M |
40.51M |
40.51M |
39.44M |
38.55M |
37.40M |
37.35M |
Annual Cash Flow Statements for Runway Growth Finance
This table details how cash moves in and out of Runway Growth Finance's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
-10 |
1.06 |
-2.79 |
2.78 |
Net Cash From Operating Activities |
-61 |
-360 |
112 |
70 |
Net Cash From Continuing Operating Activities |
-61 |
-360 |
112 |
70 |
Net Income / (Loss) Continuing Operations |
46 |
32 |
44 |
74 |
Consolidated Net Income / (Loss) |
46 |
32 |
44 |
74 |
Amortization Expense |
-7.27 |
-5.47 |
-5.66 |
-3.39 |
Non-Cash Adjustments to Reconcile Net Income |
-100 |
-390 |
68 |
-3.02 |
Changes in Operating Assets and Liabilities, net |
0.37 |
3.31 |
5.77 |
2.56 |
Net Cash From Investing Activities |
0.00 |
0.00 |
0.00 |
0.00 |
Net Cash From Continuing Investing Activities |
0.00 |
0.00 |
0.00 |
0.00 |
Net Cash From Financing Activities |
51 |
361 |
-115 |
-67 |
Net Cash From Continuing Financing Activities |
51 |
361 |
-115 |
-67 |
Issuance of Debt |
181 |
686 |
235 |
211 |
Issuance of Common Equity |
119 |
0.00 |
0.00 |
0.00 |
Repayment of Debt |
-374 |
-253 |
-275 |
-172 |
Repurchase of Common Equity |
0.00 |
-11 |
0.00 |
-36 |
Payment of Dividends |
-18 |
-52 |
-73 |
-70 |
Other Financing Activities, Net |
142 |
-10 |
-1.91 |
-0.17 |
Cash Interest Paid |
2.77 |
7.78 |
38 |
37 |
Cash Income Taxes Paid |
0.00 |
0.00 |
0.34 |
0.62 |
Quarterly Cash Flow Statements for Runway Growth Finance
This table details how cash moves in and out of Runway Growth Finance's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
-1.04 |
-0.01 |
-2.49 |
34 |
-23 |
-12 |
3.95 |
1.90 |
-5.19 |
2.13 |
Net Cash From Operating Activities |
|
-91 |
-196 |
-19 |
90 |
102 |
-62 |
69 |
-39 |
26 |
14 |
Net Cash From Continuing Operating Activities |
|
-91 |
-196 |
-19 |
90 |
102 |
-62 |
69 |
-39 |
26 |
14 |
Net Income / (Loss) Continuing Operations |
|
12 |
18 |
12 |
22 |
15 |
-4.79 |
12 |
8.29 |
25 |
28 |
Consolidated Net Income / (Loss) |
|
12 |
18 |
12 |
22 |
15 |
-4.79 |
12 |
8.29 |
25 |
28 |
Amortization Expense |
|
-0.60 |
-1.70 |
-2.17 |
-1.37 |
-1.56 |
-0.56 |
-3.17 |
-1.01 |
-1.56 |
2.35 |
Non-Cash Adjustments to Reconcile Net Income |
|
-101 |
-214 |
-31 |
67 |
87 |
-55 |
55 |
-45 |
-0.36 |
-12 |
Changes in Operating Assets and Liabilities, net |
|
-0.78 |
1.32 |
2.80 |
2.03 |
2.51 |
-1.57 |
5.03 |
-0.80 |
2.79 |
-4.46 |
Net Cash From Financing Activities |
|
90 |
196 |
16 |
-56 |
-125 |
50 |
-65 |
41 |
-31 |
-12 |
Net Cash From Continuing Financing Activities |
|
90 |
196 |
16 |
-56 |
-125 |
50 |
-65 |
41 |
-31 |
-12 |
Issuance of Debt |
|
210 |
254 |
55 |
43 |
48 |
89 |
10 |
97 |
75 |
29 |
Repayment of Debt |
|
-97 |
-40 |
-21 |
-80 |
-154 |
-20 |
-45 |
-25 |
-82 |
-20 |
Repurchase of Common Equity |
|
-4.02 |
-1.51 |
0.00 |
- |
- |
- |
-11 |
-13 |
-6.73 |
-5.77 |
Payment of Dividends |
|
-13 |
-15 |
-18 |
-18 |
-18 |
-19 |
-19 |
-19 |
-17 |
-15 |
Other Financing Activities, Net |
|
-4.97 |
-1.90 |
- |
- |
- |
-0.70 |
- |
- |
- |
-0.05 |
Cash Interest Paid |
|
1.42 |
4.66 |
7.93 |
10 |
9.53 |
10 |
8.01 |
10 |
8.25 |
11 |
Annual Balance Sheets for Runway Growth Finance
This table presents Runway Growth Finance's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
2021 |
2022 |
2023 |
2024 |
Total Assets |
1,457 |
58 |
1,079 |
1,091 |
Cash and Due from Banks |
- |
0.00 |
2.97 |
5.75 |
Trading Account Securities |
0.00 |
0.00 |
1,067 |
1,077 |
Loans and Leases, Net of Allowance |
0.00 |
0.00 |
0.00 |
0.00 |
Other Assets |
1,457 |
58 |
9.17 |
8.76 |
Total Liabilities & Shareholders' Equity |
98 |
0.29 |
1,079 |
1,091 |
Total Liabilities |
0.00 |
0.29 |
532 |
576 |
Short-Term Debt |
- |
- |
272 |
311 |
Accrued Interest Payable |
- |
- |
6.76 |
7.74 |
Long-Term Debt |
0.00 |
- |
238 |
241 |
Other Long-Term Liabilities |
0.00 |
0.29 |
15 |
16 |
Commitments & Contingencies |
- |
- |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
98 |
0.00 |
547 |
515 |
Total Preferred & Common Equity |
98 |
0.00 |
547 |
515 |
Total Common Equity |
98 |
0.00 |
547 |
515 |
Common Stock |
- |
- |
606 |
558 |
Retained Earnings |
- |
- |
-48 |
-43 |
Treasury Stock |
- |
- |
-11 |
0.00 |
Quarterly Balance Sheets for Runway Growth Finance
This table presents Runway Growth Finance's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
922 |
1,173 |
1,142 |
1,034 |
1,031 |
1,078 |
1,076 |
Cash and Due from Banks |
|
5.77 |
3.27 |
38 |
15 |
6.92 |
8.81 |
3.62 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Other Assets |
|
912 |
18 |
19 |
19 |
33 |
63 |
54 |
Total Liabilities & Shareholders' Equity |
|
922 |
1,173 |
1,142 |
1,034 |
1,031 |
1,078 |
1,076 |
Total Liabilities |
|
349 |
604 |
568 |
464 |
501 |
572 |
568 |
Short-Term Debt |
|
170 |
372 |
310 |
203 |
237 |
309 |
302 |
Accrued Interest Payable |
|
3.20 |
8.34 |
8.29 |
8.03 |
7.94 |
7.01 |
8.81 |
Long-Term Debt |
|
167 |
212 |
237 |
238 |
239 |
240 |
247 |
Other Long-Term Liabilities |
|
8.87 |
11 |
12 |
15 |
18 |
16 |
10 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
574 |
570 |
574 |
570 |
529 |
506 |
507 |
Total Preferred & Common Equity |
|
574 |
570 |
574 |
570 |
529 |
506 |
507 |
Total Common Equity |
|
574 |
570 |
574 |
570 |
529 |
506 |
507 |
Common Stock |
|
606 |
606 |
606 |
606 |
606 |
606 |
606 |
Retained Earnings |
|
-24 |
-26 |
-21 |
-25 |
-55 |
-65 |
-57 |
Treasury Stock |
|
-9.30 |
-11 |
-11 |
-11 |
-21 |
-34 |
-41 |
Annual Metrics And Ratios for Runway Growth Finance
This table displays calculated financial ratios and metrics derived from Runway Growth Finance's official financial filings.
Metric |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
- |
- |
- |
- |
Revenue Growth |
8.55% |
11.05% |
62.43% |
18.59% |
EBITDA Growth |
1.05% |
-30.18% |
44.47% |
81.52% |
EBIT Growth |
-2.90% |
-29.31% |
37.49% |
66.01% |
NOPAT Growth |
-5.30% |
-27.52% |
37.49% |
66.01% |
Net Income Growth |
-2.90% |
-29.31% |
37.49% |
66.01% |
EPS Growth |
-21.76% |
-40.60% |
37.97% |
73.39% |
Operating Cash Flow Growth |
42.27% |
-487.54% |
131.25% |
-37.96% |
Free Cash Flow Firm Growth |
0.00% |
201.33% |
-166.72% |
106.66% |
Invested Capital Growth |
0.00% |
-96.02% |
1,723.25% |
0.95% |
Revenue Q/Q Growth |
0.00% |
0.00% |
-13.58% |
28.36% |
EBITDA Q/Q Growth |
0.00% |
0.00% |
-36.40% |
123.42% |
EBIT Q/Q Growth |
0.00% |
0.00% |
-34.42% |
95.10% |
NOPAT Q/Q Growth |
0.00% |
0.00% |
-44.48% |
2.72% |
Net Income Q/Q Growth |
0.00% |
0.00% |
-34.42% |
95.10% |
EPS Q/Q Growth |
0.00% |
0.00% |
-34.73% |
83.50% |
Operating Cash Flow Q/Q Growth |
0.00% |
-56.24% |
619.29% |
1,307.93% |
Free Cash Flow Firm Q/Q Growth |
0.00% |
0.00% |
0.00% |
106.91% |
Invested Capital Q/Q Growth |
0.00% |
0.00% |
1,533.78% |
1.00% |
Profitability Metrics |
- |
- |
- |
- |
EBITDA Margin |
53.10% |
33.39% |
29.70% |
45.45% |
EBIT Margin |
63.17% |
40.21% |
34.04% |
47.65% |
Profit (Net Income) Margin |
63.17% |
40.21% |
34.04% |
47.65% |
Tax Burden Percent |
102.53% |
100.00% |
100.00% |
100.00% |
Interest Burden Percent |
97.53% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
0.00% |
0.00% |
0.00% |
0.00% |
Return on Invested Capital (ROIC) |
6.11% |
4.26% |
7.95% |
6.93% |
ROIC Less NNEP Spread (ROIC-NNEP) |
6.27% |
4.26% |
7.95% |
6.93% |
Return on Net Nonoperating Assets (RNNOA) |
86.90% |
61.49% |
8.26% |
6.93% |
Return on Equity (ROE) |
93.01% |
65.75% |
16.21% |
13.86% |
Cash Return on Invested Capital (CROIC) |
-193.89% |
188.95% |
-171.25% |
5.98% |
Operating Return on Assets (OROA) |
3.13% |
4.26% |
7.80% |
6.78% |
Return on Assets (ROA) |
3.13% |
4.26% |
7.80% |
6.78% |
Return on Common Equity (ROCE) |
93.01% |
65.75% |
16.21% |
13.86% |
Return on Equity Simple (ROE_SIMPLE) |
46.50% |
0.00% |
8.11% |
14.30% |
Net Operating Profit after Tax (NOPAT) |
44 |
32 |
44 |
74 |
NOPAT Margin |
61.60% |
40.21% |
34.04% |
47.65% |
Net Nonoperating Expense Percent (NNEP) |
-0.17% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
12.78% |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
36.84% |
59.79% |
65.96% |
52.35% |
Earnings before Interest and Taxes (EBIT) |
46 |
32 |
44 |
74 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
38 |
27 |
39 |
70 |
Valuation Ratios |
- |
- |
- |
- |
Price to Book Value (P/BV) |
0.00 |
0.00 |
0.80 |
0.86 |
Price to Tangible Book Value (P/TBV) |
0.00 |
0.00 |
0.80 |
0.86 |
Price to Revenue (P/Rev) |
0.00 |
4.34 |
3.36 |
2.87 |
Price to Earnings (P/E) |
0.00 |
10.79 |
9.86 |
6.03 |
Dividend Yield |
2.56% |
14.68% |
14.83% |
12.68% |
Earnings Yield |
0.00% |
9.27% |
10.14% |
16.57% |
Enterprise Value to Invested Capital (EV/IC) |
0.00 |
6.00 |
0.89 |
0.93 |
Enterprise Value to Revenue (EV/Rev) |
0.00 |
4.34 |
7.25 |
6.41 |
Enterprise Value to EBITDA (EV/EBITDA) |
0.00 |
12.99 |
24.41 |
14.11 |
Enterprise Value to EBIT (EV/EBIT) |
0.00 |
10.79 |
21.30 |
13.46 |
Enterprise Value to NOPAT (EV/NOPAT) |
0.00 |
10.79 |
21.30 |
13.46 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
0.00 |
0.00 |
8.40 |
14.20 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
0.00 |
0.24 |
0.00 |
15.59 |
Leverage & Solvency |
- |
- |
- |
- |
Debt to Equity |
0.00 |
0.00 |
0.93 |
1.07 |
Long-Term Debt to Equity |
0.00 |
0.00 |
0.44 |
0.47 |
Financial Leverage |
13.85 |
14.44 |
1.04 |
1.00 |
Leverage Ratio |
14.85 |
15.44 |
2.08 |
2.04 |
Compound Leverage Factor |
14.48 |
15.44 |
2.08 |
2.04 |
Debt to Total Capital |
0.00% |
0.00% |
48.25% |
51.76% |
Short-Term Debt to Total Capital |
0.00% |
0.00% |
25.73% |
29.14% |
Long-Term Debt to Total Capital |
0.00% |
0.00% |
22.52% |
22.61% |
Preferred Equity to Total Capital |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
100.00% |
0.00% |
51.75% |
48.24% |
Debt to EBITDA |
0.00 |
0.00 |
13.19 |
7.87 |
Net Debt to EBITDA |
0.00 |
0.00 |
13.11 |
7.78 |
Long-Term Debt to EBITDA |
0.00 |
0.00 |
6.15 |
3.44 |
Debt to NOPAT |
0.00 |
0.00 |
11.50 |
7.50 |
Net Debt to NOPAT |
0.00 |
0.00 |
11.44 |
7.43 |
Long-Term Debt to NOPAT |
0.00 |
0.00 |
5.37 |
3.28 |
Noncontrolling Interest Sharing Ratio |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
- |
- |
- |
- |
Cash Flow Metrics |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
-1,412 |
1,431 |
-955 |
64 |
Operating Cash Flow to CapEx |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
0.00 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow to Interest Expense |
0.00 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow Less CapEx to Interest Expense |
0.00 |
0.00 |
0.00 |
0.00 |
Efficiency Ratios |
- |
- |
- |
- |
Asset Turnover |
0.05 |
0.11 |
0.23 |
0.14 |
Fixed Asset Turnover |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
- |
- |
- |
- |
Invested Capital |
1,457 |
58 |
1,057 |
1,067 |
Invested Capital Turnover |
0.10 |
0.11 |
0.23 |
0.15 |
Increase / (Decrease) in Invested Capital |
1,457 |
-1,399 |
999 |
10 |
Enterprise Value (EV) |
0.00 |
348 |
944 |
991 |
Market Capitalization |
0.00 |
348 |
437 |
444 |
Book Value per Share |
$2.87 |
$0.00 |
$13.50 |
$13.77 |
Tangible Book Value per Share |
$2.87 |
$0.00 |
$13.50 |
$13.77 |
Total Capital |
98 |
0.00 |
1,057 |
1,067 |
Total Debt |
0.00 |
0.00 |
510 |
552 |
Total Long-Term Debt |
0.00 |
0.00 |
238 |
241 |
Net Debt |
0.00 |
-0.00 |
507 |
547 |
Capital Expenditures (CapEx) |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
-1.13 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
1,359 |
58 |
510 |
552 |
Total Depreciation and Amortization (D&A) |
-7.27 |
-5.47 |
-5.66 |
-3.39 |
Earnings Adjustments |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
$0.00 |
$0.79 |
$1.09 |
$1.89 |
Adjusted Weighted Average Basic Shares Outstanding |
0.00 |
40.97M |
40.51M |
38.85M |
Adjusted Diluted Earnings per Share |
$0.00 |
$0.79 |
$1.09 |
$1.89 |
Adjusted Weighted Average Diluted Shares Outstanding |
0.00 |
40.97M |
40.51M |
38.85M |
Adjusted Basic & Diluted Earnings per Share |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
0.00 |
40.51M |
40.51M |
37.35M |
Normalized Net Operating Profit after Tax (NOPAT) |
31 |
23 |
31 |
52 |
Normalized NOPAT Margin |
43.12% |
28.15% |
23.83% |
33.35% |
Pre Tax Income Margin |
61.60% |
40.21% |
34.04% |
47.65% |
Debt Service Ratios |
- |
- |
- |
- |
EBIT to Interest Expense |
0.00 |
0.00 |
0.00 |
0.00 |
NOPAT to Interest Expense |
0.00 |
0.00 |
0.00 |
0.00 |
EBIT Less CapEx to Interest Expense |
0.00 |
0.00 |
0.00 |
0.00 |
NOPAT Less CapEx to Interest Expense |
0.00 |
0.00 |
0.00 |
0.00 |
Payout Ratios |
- |
- |
- |
- |
Dividend Payout Ratio |
39.34% |
159.98% |
165.36% |
94.91% |
Augmented Payout Ratio |
39.34% |
193.52% |
165.36% |
143.75% |
Quarterly Metrics And Ratios for Runway Growth Finance
This table displays calculated financial ratios and metrics derived from Runway Growth Finance's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
31.03% |
0.00% |
243.32% |
357.80% |
50.72% |
-55.93% |
1.04% |
-23.23% |
0.24% |
211.69% |
EBITDA Growth |
|
-2.95% |
0.00% |
5,353.89% |
1,686.07% |
19.25% |
-131.82% |
-9.61% |
-35.18% |
7.97% |
725.74% |
EBIT Growth |
|
2.29% |
0.00% |
320.05% |
2,831.95% |
26.45% |
-125.88% |
0.53% |
-34.63% |
7.10% |
749.86% |
NOPAT Growth |
|
2.29% |
0.00% |
320.05% |
54.15% |
26.45% |
-204.80% |
0.53% |
-34.63% |
7.10% |
1,028.38% |
Net Income Growth |
|
14.57% |
0.00% |
320.05% |
2,831.95% |
26.45% |
-125.88% |
0.53% |
-34.63% |
7.10% |
749.86% |
EPS Growth |
|
-6.45% |
0.00% |
328.57% |
2,850.00% |
27.59% |
-128.89% |
0.00% |
-61.82% |
75.68% |
661.54% |
Operating Cash Flow Growth |
|
0.00% |
-195.66% |
4.07% |
267.80% |
212.51% |
68.51% |
470.28% |
-142.88% |
-74.71% |
122.53% |
Free Cash Flow Firm Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
197.92% |
0.00% |
-3,341.13% |
-5,207.70% |
-154.32% |
102.10% |
Invested Capital Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
-96.50% |
1,723.25% |
2,432.64% |
2,464.09% |
1,532.95% |
0.95% |
Revenue Q/Q Growth |
|
149.37% |
50.81% |
-9.68% |
34.77% |
-17.90% |
-55.91% |
107.11% |
2.40% |
7.19% |
37.11% |
EBITDA Q/Q Growth |
|
941.86% |
51.04% |
-41.56% |
113.43% |
-36.70% |
-140.30% |
266.02% |
53.05% |
5.43% |
133.58% |
EBIT Q/Q Growth |
|
1,534.76% |
57.75% |
-35.19% |
86.25% |
-33.59% |
-132.28% |
351.77% |
21.12% |
8.80% |
95.88% |
NOPAT Q/Q Growth |
|
-19.04% |
-72.74% |
-61.02% |
86.25% |
-33.59% |
-122.60% |
-62.11% |
21.12% |
8.80% |
95.88% |
Net Income Q/Q Growth |
|
1,534.76% |
57.75% |
-35.19% |
86.25% |
-33.59% |
-132.28% |
351.77% |
21.12% |
8.80% |
95.88% |
EPS Q/Q Growth |
|
1,550.00% |
55.17% |
-33.33% |
83.33% |
-32.73% |
-135.14% |
330.77% |
-30.00% |
209.52% |
12.31% |
Operating Cash Flow Q/Q Growth |
|
-69.62% |
-114.86% |
90.54% |
586.44% |
13.73% |
-160.15% |
211.28% |
-156.34% |
167.06% |
-46.40% |
Free Cash Flow Firm Q/Q Growth |
|
0.00% |
100.00% |
0.00% |
32.06% |
9,643.65% |
-155.79% |
-6,858.79% |
-59,584.11% |
-1,557.01% |
102.16% |
Invested Capital Q/Q Growth |
|
0.00% |
-96.86% |
-31.54% |
3.66% |
57.25% |
1,533.78% |
1,228.73% |
2,007.45% |
821.66% |
1.00% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
45.84% |
45.91% |
29.71% |
47.04% |
36.27% |
-33.15% |
26.58% |
39.72% |
39.07% |
66.55% |
EBIT Margin |
|
48.32% |
50.54% |
36.26% |
50.11% |
40.54% |
-29.68% |
36.08% |
42.67% |
43.31% |
61.88% |
Profit (Net Income) Margin |
|
48.32% |
50.54% |
36.26% |
50.11% |
40.54% |
-29.68% |
36.08% |
42.67% |
43.31% |
61.88% |
Tax Burden Percent |
|
100.00% |
578.60% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Interest Burden Percent |
|
100.00% |
17.28% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Return on Invested Capital (ROIC) |
|
0.00% |
12.08% |
189.32% |
337.20% |
6.39% |
-4.85% |
9.02% |
9.36% |
9.30% |
9.00% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
38.46% |
189.32% |
337.20% |
6.39% |
-5.36% |
9.02% |
9.36% |
9.30% |
9.00% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
0.00% |
0.00% |
0.00% |
181.18% |
-5.57% |
8.78% |
10.91% |
11.25% |
9.00% |
Return on Equity (ROE) |
|
0.00% |
0.00% |
0.00% |
0.00% |
187.57% |
-10.42% |
17.80% |
20.27% |
20.55% |
18.00% |
Cash Return on Invested Capital (CROIC) |
|
0.00% |
2,468.21% |
0.00% |
0.00% |
0.00% |
-171.25% |
-169.81% |
-172.10% |
-164.14% |
5.98% |
Operating Return on Assets (OROA) |
|
0.00% |
5.35% |
94.66% |
168.60% |
6.39% |
-6.80% |
8.80% |
9.17% |
9.14% |
8.81% |
Return on Assets (ROA) |
|
0.00% |
5.35% |
94.66% |
168.60% |
6.39% |
-6.80% |
8.80% |
9.17% |
9.14% |
8.81% |
Return on Common Equity (ROCE) |
|
0.00% |
0.00% |
0.00% |
0.00% |
187.57% |
-10.42% |
17.80% |
20.27% |
20.55% |
18.00% |
Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
8.39% |
7.24% |
7.44% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
12 |
3.20 |
12 |
22 |
15 |
-3.35 |
12 |
15 |
16 |
31 |
NOPAT Margin |
|
48.32% |
8.73% |
36.26% |
50.11% |
40.54% |
-20.77% |
36.08% |
42.67% |
43.31% |
61.88% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
-26.38% |
0.00% |
0.00% |
0.00% |
0.51% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
|
51.68% |
49.46% |
63.74% |
49.89% |
59.46% |
129.68% |
63.92% |
57.33% |
56.69% |
38.12% |
Earnings before Interest and Taxes (EBIT) |
|
12 |
18 |
12 |
22 |
15 |
-4.79 |
12 |
15 |
16 |
31 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
11 |
17 |
9.82 |
21 |
13 |
-5.35 |
8.87 |
14 |
14 |
33 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.80 |
0.82 |
0.87 |
0.79 |
0.86 |
Price to Tangible Book Value (P/TBV) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.80 |
0.82 |
0.87 |
0.79 |
0.86 |
Price to Revenue (P/Rev) |
|
0.00 |
4.34 |
3.63 |
2.88 |
2.84 |
3.36 |
3.33 |
3.65 |
3.33 |
2.87 |
Price to Earnings (P/E) |
|
0.00 |
10.79 |
9.09 |
6.19 |
6.34 |
9.86 |
9.80 |
14.44 |
9.88 |
6.03 |
Dividend Yield |
|
14.05% |
14.68% |
14.97% |
15.12% |
14.75% |
14.83% |
15.56% |
12.38% |
14.05% |
12.68% |
Earnings Yield |
|
0.00% |
9.27% |
11.00% |
16.16% |
15.77% |
10.14% |
10.21% |
6.92% |
10.13% |
16.57% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
6.00 |
8.96 |
9.18 |
6.63 |
0.89 |
0.90 |
0.93 |
0.90 |
0.93 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
4.34 |
3.43 |
2.73 |
2.84 |
7.25 |
6.92 |
8.14 |
7.86 |
6.41 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
12.99 |
9.77 |
6.44 |
7.05 |
24.41 |
23.95 |
32.22 |
30.12 |
14.11 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
10.79 |
8.59 |
5.86 |
6.34 |
21.30 |
20.36 |
26.68 |
25.09 |
13.46 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
10.79 |
5.16 |
4.92 |
5.37 |
21.30 |
11.54 |
13.86 |
13.21 |
13.46 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
8.40 |
4.53 |
13.82 |
0.00 |
14.20 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
15.59 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.93 |
0.90 |
1.08 |
1.08 |
1.07 |
Long-Term Debt to Equity |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.44 |
0.45 |
0.47 |
0.49 |
0.47 |
Financial Leverage |
|
27.34 |
0.00 |
0.00 |
0.00 |
28.34 |
1.04 |
0.97 |
1.16 |
1.21 |
1.00 |
Leverage Ratio |
|
28.34 |
15.44 |
0.00 |
0.00 |
29.34 |
2.08 |
2.02 |
2.21 |
2.25 |
2.04 |
Compound Leverage Factor |
|
28.34 |
2.67 |
0.00 |
0.00 |
29.34 |
2.08 |
2.02 |
2.21 |
2.25 |
2.04 |
Debt to Total Capital |
|
0.00% |
0.00% |
100.00% |
100.00% |
0.00% |
48.25% |
47.34% |
52.00% |
51.98% |
51.76% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
25.73% |
23.57% |
29.29% |
28.58% |
29.14% |
Long-Term Debt to Total Capital |
|
0.00% |
0.00% |
100.00% |
100.00% |
0.00% |
22.52% |
23.76% |
22.72% |
23.40% |
22.61% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
100.00% |
0.00% |
0.00% |
0.00% |
0.00% |
51.75% |
52.66% |
48.00% |
48.02% |
48.24% |
Debt to EBITDA |
|
0.00 |
0.00 |
-0.57 |
-0.37 |
0.00 |
13.19 |
12.61 |
18.07 |
17.48 |
7.87 |
Net Debt to EBITDA |
|
0.00 |
0.00 |
-0.57 |
-0.37 |
0.00 |
13.11 |
12.43 |
17.77 |
17.36 |
7.78 |
Long-Term Debt to EBITDA |
|
0.00 |
0.00 |
-0.57 |
-0.37 |
0.00 |
6.15 |
6.33 |
7.89 |
7.87 |
3.44 |
Debt to NOPAT |
|
0.00 |
0.00 |
-0.30 |
-0.28 |
0.00 |
11.50 |
6.08 |
7.77 |
7.66 |
7.50 |
Net Debt to NOPAT |
|
0.00 |
0.00 |
-0.30 |
-0.28 |
0.00 |
11.44 |
5.99 |
7.65 |
7.61 |
7.43 |
Long-Term Debt to NOPAT |
|
0.00 |
0.00 |
-0.30 |
-0.28 |
0.00 |
5.37 |
3.05 |
3.39 |
3.45 |
3.28 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-1,835 |
0.00 |
-28 |
-19 |
1,797 |
-1,003 |
-954 |
-999 |
-976 |
21 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.00 |
0.11 |
2.61 |
3.36 |
0.16 |
0.23 |
0.24 |
0.21 |
0.21 |
0.14 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
1,847 |
58 |
40 |
41 |
65 |
1,057 |
1,005 |
1,055 |
1,057 |
1,067 |
Invested Capital Turnover |
|
0.00 |
1.38 |
5.22 |
6.73 |
0.16 |
0.23 |
0.25 |
0.22 |
0.21 |
0.15 |
Increase / (Decrease) in Invested Capital |
|
1,847 |
0.00 |
40 |
41 |
-1,782 |
999 |
966 |
1,014 |
992 |
10 |
Enterprise Value (EV) |
|
0.00 |
348 |
356 |
378 |
429 |
944 |
904 |
979 |
947 |
991 |
Market Capitalization |
|
0.00 |
348 |
376 |
399 |
429 |
437 |
435 |
439 |
401 |
444 |
Book Value per Share |
|
$1.60 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$13.50 |
$13.07 |
$12.84 |
$13.16 |
$13.77 |
Tangible Book Value per Share |
|
$1.60 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$13.50 |
$13.07 |
$12.84 |
$13.16 |
$13.77 |
Total Capital |
|
65 |
0.00 |
-21 |
-21 |
0.00 |
1,057 |
1,005 |
1,055 |
1,057 |
1,067 |
Total Debt |
|
0.00 |
0.00 |
-21 |
-21 |
0.00 |
510 |
476 |
549 |
549 |
552 |
Total Long-Term Debt |
|
0.00 |
0.00 |
-21 |
-21 |
0.00 |
238 |
239 |
240 |
247 |
241 |
Net Debt |
|
0.00 |
-0.00 |
-21 |
-21 |
-0.00 |
507 |
469 |
540 |
546 |
547 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
0.00 |
-15 |
0.00 |
0.00 |
0.00 |
1.44 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
1,782 |
58 |
40 |
41 |
65 |
510 |
476 |
549 |
549 |
552 |
Total Depreciation and Amortization (D&A) |
|
-0.60 |
-1.70 |
-2.17 |
-1.37 |
-1.56 |
-0.56 |
-3.17 |
-1.01 |
-1.56 |
2.35 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.29 |
$0.45 |
$0.30 |
$0.55 |
$0.37 |
($0.13) |
$0.30 |
$0.21 |
$0.65 |
$0.73 |
Adjusted Weighted Average Basic Shares Outstanding |
|
40.77M |
40.97M |
40.51M |
40.51M |
40.51M |
40.51M |
40.39M |
39.18M |
38.39M |
38.85M |
Adjusted Diluted Earnings per Share |
|
$0.29 |
$0.45 |
$0.30 |
$0.55 |
$0.37 |
($0.13) |
$0.30 |
$0.21 |
$0.65 |
$0.73 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
40.77M |
40.97M |
40.51M |
40.51M |
40.51M |
40.51M |
40.39M |
39.18M |
38.39M |
38.85M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.54 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
40.52M |
40.51M |
40.51M |
40.51M |
40.51M |
40.51M |
39.44M |
38.55M |
37.40M |
37.35M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
8.21 |
2.24 |
8.39 |
16 |
10 |
-3.35 |
8.43 |
10 |
11 |
22 |
Normalized NOPAT Margin |
|
33.82% |
6.11% |
25.38% |
35.08% |
28.38% |
-20.77% |
25.25% |
29.87% |
30.32% |
43.31% |
Pre Tax Income Margin |
|
48.32% |
8.73% |
36.26% |
50.11% |
40.54% |
-29.68% |
36.08% |
42.67% |
43.31% |
61.88% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
NOPAT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
EBIT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
NOPAT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
0.00% |
159.98% |
141.73% |
99.97% |
102.45% |
165.36% |
166.95% |
202.97% |
194.96% |
94.91% |
Augmented Payout Ratio |
|
0.00% |
193.52% |
166.88% |
108.55% |
104.69% |
165.36% |
190.84% |
266.91% |
274.95% |
143.75% |
Key Financial Trends
Runway Growth Finance Corp. (NASDAQ: RWAYL) has shown a mixed financial performance over the last four years, with some positive trends as well as areas of concern. Here's a summary of key highlights and trends based on the recent quarterly data:
- Consistent Net Interest Income: Net interest income remains strong and stable, with Q4 2024 at $33.13 million, illustrating this core income stream's reliability.
- Improvement in Net Income: The company returned to profitability with $31.1 million net income in Q4 2024, up from losses in Q4 2023 (-$4.79 million). This marks a significant recovery.
- Increasing Earnings Per Share (EPS): Basic and diluted EPS rose steadily over 2024 quarters, reaching $0.73 in Q4, nearly tripling from $0.21 in Q2 2024, indicating improving shareholder returns.
- Strong Operating Cash Flow in 2024: Net cash from continuing operating activities was positive for Q3 and Q4 2024 ($25.9 million and $13.9 million, respectively), reflecting better cash management and operational health.
- Reduction in Total Non-Interest Expenses: Total non-interest expenses decreased from $21.9 million in Q2 2024 to $19.2 million in Q4 2024, supporting improved profitability.
- Stable Share Count: Weighted average shares outstanding remained relatively stable around 38-40 million shares, indicating no significant dilution impacting shareholders.
- Dividend Payments and Equity Repurchases: Consistent dividend payments and share repurchases continue to impact financing cash flows, with dividends around $14.9 million in Q4 2024 and equity repurchases close to $5.8 million, reflecting shareholder return focus but cash outflow pressures.
- Moderate Debt Management: The company issued and repaid debt actively during 2024 quarters (e.g., issuance of $29 million and repayment of $20 million in Q4), maintaining liquidity while managing leverage.
- Negative Non-Interest Income Fluctuations: Non-interest income has seen significant swings, driven by volatile net realized and unrealized capital gains on investments, including a negative $22.2 million in Q4 2023, dragging total revenue lower in some periods.
- Large Negative Cash Flow from Operating Activities in Some Quarters: Notably, Q2 2023 and Q4 2022 showed significant negative net cash from operating activities (-$38.6 million and -$195.7 million, respectively), indicating periods of cash strain or investment outflows.
Balance Sheet Highlights: The company’s total assets and equity have remained stable, with total common equity around $500-$570 million across quarters. Short-term and long-term debts fluctuate but remain substantial. Cash levels fluctuate, with cautious liquidity management evident.
Summary: Runway Growth Finance Corp. has recovered from losses in 2023 and displayed improving profitability and earnings per share in 2024. Operational cash flow turned positive and expenses were controlled better in recent quarters. However, volatility in non-interest income and capital gains, alongside occasional cash flow swings and continued debt activity, suggest some operational risks and funding sensitivities remain. Investors should watch for continued income stability and cash flow trends as key indicators going forward.
08/29/25 05:46 AM ETAI Generated. May Contain Errors.