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Runway Growth Finance Corp (RWAY)
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Upturn Advisory Summary
12/05/2025: RWAY (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
9 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $10.89
1 Year Target Price $10.89
| 3 | Strong Buy |
| 0 | Buy |
| 6 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 7.61% | Avg. Invested days 45 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 12/05/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 330.99M USD | Price to earnings Ratio 6.27 | 1Y Target Price 10.89 |
Price to earnings Ratio 6.27 | 1Y Target Price 10.89 | ||
Volume (30-day avg) 9 | Beta 0.59 | 52 Weeks Range 7.53 - 10.66 | Updated Date 12/6/2025 |
52 Weeks Range 7.53 - 10.66 | Updated Date 12/6/2025 | ||
Dividends yield (FY) 15.17% | Basic EPS (TTM) 1.46 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 38.92% | Operating Margin (TTM) 71.75% |
Management Effectiveness
Return on Assets (TTM) 6.36% | Return on Equity (TTM) 11.02% |
Valuation
Trailing PE 6.27 | Forward PE 6.2 | Enterprise Value 766576768 | Price to Sales(TTM) 2.35 |
Enterprise Value 766576768 | Price to Sales(TTM) 2.35 | ||
Enterprise Value to Revenue 11.38 | Enterprise Value to EBITDA - | Shares Outstanding 36134037 | Shares Floating - |
Shares Outstanding 36134037 | Shares Floating - | ||
Percent Insiders 1.07 | Percent Institutions 57.4 |
Upturn AI SWOT
Runway Growth Finance Corp
Company Overview
History and Background
Runway Growth Finance Corp. (RWAY) was founded in 2015 and is focused on providing senior secured loans to high-growth companies. It is structured as a business development company (BDC).
Core Business Areas
- Venture Debt Financing: Provides senior secured loans to venture-backed companies, typically in technology, life sciences, and other high-growth sectors.
Leadership and Structure
RWAY is led by a management team with experience in venture lending and private equity. The company operates as an externally managed BDC, with Runway Growth Capital LLC serving as its investment advisor.
Top Products and Market Share
Key Offerings
- Senior Secured Loans: Offers senior secured term loans to venture-backed companies, typically ranging from $10 million to $75 million. Competitors include Hercules Capital, Inc. (HTGC), and TriplePoint Venture Growth BDC Corp. (TPVG).
Market Dynamics
Industry Overview
The venture debt market is driven by the funding needs of high-growth, venture-backed companies. These companies often require capital for growth initiatives before they reach profitability or qualify for traditional bank loans.
Positioning
Runway Growth Finance Corp. positions itself as a provider of flexible and customized financing solutions for venture-backed companies. Its competitive advantage lies in its industry expertise and ability to structure deals tailored to the specific needs of its borrowers.
Total Addressable Market (TAM)
The TAM for venture debt is estimated to be several billion dollars annually. RWAY is positioned to capture a portion of this market by focusing on high-growth sectors and offering customized financing solutions.
Upturn SWOT Analysis
Strengths
- Experienced management team
- Focus on high-growth sectors
- Customized financing solutions
- Senior secured debt structure
Weaknesses
- Reliance on external management
- Higher risk profile of venture-backed borrowers
- Sensitivity to interest rate fluctuations
Opportunities
- Growing demand for venture debt
- Expansion into new sectors and geographies
- Increased deal flow from venture capital firms
Threats
- Economic downturn
- Increased competition from other lenders
- Regulatory changes
- Default risk from borrowers
Competitors and Market Share
Key Competitors
- HTGC
- TPVG
- OXSQ
Competitive Landscape
RWAY competes with other BDCs and venture debt funds. Its advantages include industry expertise and a flexible approach to structuring deals. Disadvantages may include smaller scale compared to some competitors.
Growth Trajectory and Initiatives
Historical Growth: RWAY's growth has been driven by its ability to deploy capital into attractive venture debt opportunities.
Future Projections: Future growth projections depend on the company's ability to continue sourcing and executing attractive deals, as well as the overall health of the venture capital market.
Recent Initiatives: Recent initiatives may include expanding its lending capacity, targeting new sectors, and strengthening relationships with venture capital firms.
Summary
Runway Growth Finance Corp is a BDC focused on venture debt, which is a riskier but potentially higher-rewarding asset class. The company's strengths include an experienced management team and customized financing solutions. However, its reliance on external management and the higher risk profile of its borrowers are weaknesses. The company needs to carefully manage credit risk and interest rate sensitivity.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings
- Analyst reports
- Industry publications
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market data is subject to change and can affect this analysis.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Runway Growth Finance Corp
Exchange NASDAQ | Headquaters Menlo Park, CA, United States | ||
IPO Launch date 2021-10-21 | Founder, President, CEO & Director Mr. David R. Spreng | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
Runway Growth Finance Corp. is a business development company specializing investments in senior-secured loans to late stage and growth companies. It prefers to make investments in companies engaged in the technology, life sciences, healthcare and information services, business services and select consumer services and products sectors. It prefers to investments in companies engaged in electronic equipment and instruments, systems software, hardware, storage and peripherals and specialized consumer services, application software, healthcare technology, internet software and services, data processing and outsourced services, internet retail, human resources and employment services, biotechnology, healthcare equipment and education services. It invests in senior secured loans between $10 million and $75 million.
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