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Upturn AI Summary - About
Runway Growth Finance Corp(RWAY)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for RWAY
11/06/2026: RWAY (1-star) is currently NOT-A-BUY. Pass it for now.
Runway Growth Finance Corp is a specialty finance company organized as a Business Development Company (BDC) that provides senior secured loans to growth-stage, venture-backed businesses. The company’s primary strength lies in its specialized credit underwriting and deep integration with venture capital partners, offering a reliable source of non-dilutive capital. Its growth story is tied to the long-term expansion of the venture-backed technology ecosystem. However, investors must monitor risks related to credit performance during economic downturns, potential portfolio concentration, and the impact of interest rate volatility on Net Investment Income. It primarily suits income-oriented investors comfortable with the risks of private credit.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | RWAY is primarily an income-oriented BDC rather than a high-growth operating company. |
| Momentum investor | Weak fit | The stock generally does not exhibit high-velocity price momentum typically sought by this style. |
| Value investor | Mixed fit | Investors may find value based on the discount of the share price to Net Asset Value, though credit risks must be carefully assessed. |
| Dividend investor | Strong fit | RWAY is designed to provide regular income distributions consistent with the BDC business model. |
| Low-risk investor | Weak fit | Lending to venture-backed companies carries inherent credit and volatility risks that may not suit conservative profiles. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | BDC stocks can fluctuate based on interest rate sentiment and perceived portfolio quality. |
| Valuation risk | Medium | Trading at a significant premium or discount to NAV can impact total return expectations. |
| Competition risk (specialty finance) | Medium / high | The market for venture debt is competitive, potentially putting pressure on loan yields and covenants. |
| Business quality | Medium | The quality is tied directly to the underlying credit performance of venture-backed portfolio companies. |
| Dividend income | Medium | Dividends are dependent on Net Investment Income and are not guaranteed. |
| Execution risk | Medium | Success relies on management's ability to underwrite and monitor credit risk effectively. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit -9.36% | Avg. Invested days 37 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/06/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 275.53M USD | Price to earnings Ratio 23.07 | 1Y Target Price 8.04 |
Price to earnings Ratio 23.07 | 1Y Target Price 8.04 | ||
Volume (30-day avg) 307.9K shares | Beta 0.64 | 52 Weeks Range 4.94 - 8.43 | Updated Date 11/08/2026 |
52 Weeks Range 4.94 - 8.43 | Updated Date 11/08/2026 | ||
Dividends yield (FY) 21.57% | Basic EPS (TTM) 0.29 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Interest Income | Interest and fees earned from senior secured loans provided to venture-backed companies. | The company earns money by charging interest and fees to companies it lends to. |
Earnings Date
Report Date 2026-11-05 | When After Market | Estimate 0.33 | Actual 0.38 |
Profitability
Profit Margin 7.62% | Operating Margin (TTM) 71.9% |
Management Effectiveness
Return on Assets (TTM) 6.31% | Return on Equity (TTM) 2.12% |
Valuation
Trailing PE 23.07 | Forward PE 5.09 | Enterprise Value 827.80M | Price to Sales(TTM) 2.01 |
Enterprise Value 827.80M | Price to Sales(TTM) 2.01 | ||
Enterprise Value to Revenue 42.95 | Enterprise Value to EBITDA - | Shares Outstanding 41.19M | Shares Floating - |
Shares Outstanding 41.19M | Shares Floating - | ||
Percent Insiders 1.14 | Percent Institutions 47.98 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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