(RWAY) Runway Growth Finance - Overview

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US78163D1000

Stock: Growth Capital, Senior Loans, Technology, Healthcare, Software

Total Rating 16

Risk 64

Buy Signal -1.31

Asset Management -1.4
Asset Management & Custody Banks +0.5

Market Cap: 285m
Avg Trading Vol: 3.57M USD

ATR: 3.02%
Peers RS (IBD): 21.7

Risk 5d forecast
Volatility	23.3%
Relative Tail Risk	-4.25%

Reward TTM
Sharpe Ratio	-0.82
Alpha	-29.19

Character TTM
Beta	0.528
Beta Downside	1.053

Drawdowns 3y
Max DD	26.68%
CAGR/Max DD	0.00

EPS (Earnings per Share)

EPS CAGR: -42.68%
EPS Trend: -24.3%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: 0.14%
Rev. Trend: 43.9%

Last SUE: -0.66
Qual. Beats: 0

Description: RWAY Runway Growth Finance March 05, 2026

Runway Growth Finance Corp. (RWAY) operates as a business development company (BDC).

The company focuses on providing senior-secured loans to late-stage and growth companies. BDCs are regulated investment companies that invest in small and mid-sized businesses.

RWAY targets specific sectors, including technology, life sciences, healthcare, information services, and select consumer services. Its investment size for senior secured loans ranges from $10 million to $75 million.

For more detailed financial analysis, consider exploring ValueRay.

Headlines to watch out for

Technology and life sciences loan demand drives revenue
Interest rate fluctuations impact net investment income
Credit quality of portfolio companies affects profitability
Regulatory changes for BDCs create compliance costs
Economic downturns increase loan default risk

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income: 54.9m TTM > 0 and > 6% of Revenue
FCF/TA: 0.04 > 0.02 and ΔFCF/TA 0.40 > 1.0
NWC/Revenue: -13.49% < 20% (prev 0.51%; Δ -14.00% < -1%)
CFO/TA 0.04 > 3% & CFO 42.3m > Net Income 54.9m
Net Debt (435.6m) to EBITDA (54.9m): 7.93 < 3
Current Ratio: 0.53 > 1.5 & < 3
Outstanding Shares: last quarter (36.2m) vs 12m ago -5.64% < -2%
Gross Margin: 64.10% > 18% (prev 0.59%; Δ 6351 % > 0.5%)
Asset Turnover: 10.44% > 50% (prev 8.46%; Δ 1.98% > 0%)
Interest Coverage Ratio: -0.99 > 6 (EBITDA TTM 54.9m / Interest Expense TTM 38.2m)

Altman Z'' -0.66

A: -0.01 (Total Current Assets 16.0m - Total Current Liabilities 30.3m) / Total Assets 963.3m
B: -0.06 (Retained Earnings -56.3m / Total Assets 963.3m)
C: -0.04 (EBIT TTM -37.9m / Avg Total Assets 1.02b)
D: -0.12 (Book Value of Equity -56.0m / Total Liabilities 473.8m)
Altman-Z'' Score: -0.66 = B

Beneish M

DSRI: 1.22 (Receivables 8.04m/5.65m, Revenue 106.4m/91.0m)
GMI: 0.92 (GM 64.10% / 58.97%)
AQI: none (AQ_t none / AQ_t-1 none)
SGI: 1.17 (Revenue 106.4m / 91.0m)
TATA: 0.01 (NI 54.9m - CFO 42.3m) / TA 963.3m)
Beneish M-Score: cannot calculate (missing components)

What is the price of RWAY shares?

As of March 09, 2026, the stock is trading at USD 7.88 with a total of 374,057 shares traded.
Over the past week, the price has changed by -0.25%, over one month by -10.05%, over three months by -14.16% and over the past year by -18.81%.

Is RWAY a buy, sell or hold?

Runway Growth Finance has received a consensus analysts rating of 3.67. Therefor, it is recommend to hold RWAY.

StrongBuy: 3
Buy: 0
Hold: 6
Sell: 0
StrongSell: 0

What are the forecasts/targets for the RWAY price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	10.7	35.9%
Analysts Target Price	10.7	35.9%

RWAY Fundamental Data Overview March 08, 2026

P/E Trailing = 5.4722
P/E Forward = 5.3677
P/S = 2.0184
P/B = 0.5883
P/EG = 1.1571
Revenue TTM = 106.4m USD
EBIT TTM = -37.9m USD
EBITDA TTM = 54.9m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 443.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 435.6m USD (from netDebt column, last quarter)
Enterprise Value = 720.3m USD (284.7m + Debt 443.5m - CCE 7.92m)
Interest Coverage Ratio = -0.99 (Ebit TTM -37.9m / Interest Expense TTM 38.2m)
EV/FCF = 17.01x (Enterprise Value 720.3m / FCF TTM 42.3m)
FCF Yield = 5.88% (FCF TTM 42.3m / Enterprise Value 720.3m)
FCF Margin = 39.80% (FCF TTM 42.3m / Revenue TTM 106.4m)
Net Margin = 51.60% (Net Income TTM 54.9m / Revenue TTM 106.4m)
Gross Margin = 64.10% ((Revenue TTM 106.4m - Cost of Revenue TTM 38.2m) / Revenue TTM)
Gross Margin QoQ = 55.47% (prev 67.10%)
Tobins Q-Ratio = 0.75 (Enterprise Value 720.3m / Total Assets 963.3m)
Interest Expense / Debt = 2.11% (Interest Expense 9.35m / Debt 443.5m)
Taxrate = 21.0% (US default 21%)
NOPAT = -29.9m (EBIT -37.9m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.53 (Total Current Assets 16.0m / Total Current Liabilities 30.3m)
Debt / Equity = 0.91 (Debt 443.5m / totalStockholderEquity, last quarter 489.5m)
Debt / EBITDA = 7.93 (Net Debt 435.6m / EBITDA 54.9m)
Debt / FCF = 10.29 (Net Debt 435.6m / FCF TTM 42.3m)
Total Stockholder Equity = 501.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.39% (Net Income 54.9m / Total Assets 963.3m)
RoE = 10.94% (Net Income TTM 54.9m / Total Stockholder Equity 501.6m)
RoCE = -4.06% (EBIT -37.9m / Capital Employed (Total Assets 963.3m - Current Liab 30.3m))
RoIC = -2.99% (negative operating profit) (NOPAT -29.9m / Invested Capital 1.00b)
WACC = 4.09% (E(284.7m)/V(728.2m) * Re(7.86%) + D(443.5m)/V(728.2m) * Rd(2.11%) * (1-Tc(0.21)))
Discount Rate = 7.86% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -81.65 | Cagr: -2.47%
[DCF] Terminal Value 80.82% ; FCFF base≈42.6m ; Y1≈28.0m ; Y5≈12.8m
[DCF] Fair Price = N/A (negative equity: EV 406.5m - Net Debt 435.6m = -29.1m; debt exceeds intrinsic value)
EPS Correlation: -24.25 | EPS CAGR: -42.68% | SUE: -4.0 | # QB: 0
Revenue Correlation: 43.94 | Revenue CAGR: 0.14% | SUE: -0.66 | # QB: 0
EPS next Year (2026-12-31): EPS=1.52 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=+0 | Growth EPS=-3.1% | Growth Revenue=+8.0%

Additional Sources for RWAY Stock

Fund Manager Positions: Dataroma | Stockcircle