RWAY
Runway Growth Finance Corp.8.98
-0.08-0.88%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
324.48MP/E (TTM)
6.15Basic EPS (TTM)
1.46Dividend Yield
0.15%Recent Filings
8-K
10-Q
Q3 FY2025 results
Runway Growth Finance Corp. posted steady Q3 FY2025 results, with total investment income flat at $36.7M year-over-year yet edging up 0.3% quarter-over-quarter (derived), driven by higher fee income from prepayments while interest income dipped amid lower rates. Net investment income held at $15.7M, down 0.9% y/y but up 1.2% q/q (derived), as expenses rose modestly from administration costs and excise taxes, offset by cheaper debt financing at 8.7% weighted average. A $1.3M realized loss and $6.4M unrealized loss dragged net assets from operations to $8.0M, down sharply from $25.0M y/y, reflecting fair value markdowns in Blueshift Labs and Kin Insurance. Liquidity stays solid with $7.9M cash and $364.0M Credit Facility availability against $443.5M total debt; free cash flow not disclosed in the 10-Q. The pending SWK merger could reshape the portfolio, but regulatory hurdles loom large.
8-K
Q4 2025 dividend declared
Runway Growth Finance Corp. declared a fourth quarter 2025 regular dividend of $0.33 per share on November 5, 2025, payable December 3 to shareholders of record November 17. This payout underscores the company's commitment to distributing substantially all available earnings quarterly, while maintaining its regulated investment company status. Dividends hinge on financial condition and board discretion. Forward-looking statements carry risks detailed in SEC filings.
8-K
Q3 results and SWK merger
Runway Growth Finance Corp. reported third-quarter 2025 financial results, with total investment income steady at $36.7 million and net investment income of $15.7 million, or $0.43 per share, while net asset value dipped to $13.55 per share amid unrealized losses. The portfolio shrank to $0.9 billion after $128.3 million in funded investments offset by $199.7 million in prepayments, yet core leverage improved to 92%. Post-quarter, Runway announced a merger with SWK Holdings to boost healthcare exposure. It repurchased $4.4 million in shares.
8-K
Runway announces SWK merger
Runway Growth Finance Corp. announced a definitive merger agreement on October 9, 2025, to acquire SWK Holdings Corporation in a NAV-for-NAV deal valued at approximately $220 million, blending $75.5 million in Runway shares and $145 million in cash, with closure eyed for late 2025 or Q1 2026 pending approvals. This move ramps up Runway's healthcare and life sciences stake to 31% from 14%, swells total assets to $1.3 billion pro forma, and integrates SWK's $242 million portfolio of 22 companies. It promises mid-single-digit NII accretion post-close. Yet risks loom if approvals falter.
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