Runway Growth Finance (RWAY) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Runway Growth Finance

NasdaqGS•Financial Services•Asset Management

$6.57-0.08(-0.01%)Pre-market

Market Cap

$281.48M

P/E

36.3x

P/S

2.1x

P/B

0.6x

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.

How this company scores

WeakMetricSide Score: 23/100

Grade capped at D — Interest coverage below 1× (0.0x) — earnings cannot cover interest. Strongest: Cash & Earnings Quality (12/25); weakest: Growth (2/25).

Profitability4/25

Growth2/25

Balance Sheet & Red Flags5/25

Cash & Earnings Quality12/25

Grade capped at D

Interest coverage below 1× (0.0x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 36.3x5y range 5.5x – 36.3x

Currently above its 12-quarter median.

P/S · 2.1x5y range 1.9x – 3.1x

Currently near its 13-quarter median.

P/B · 0.6x5y range 0.6x – 0.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Leverage Risk

Watch

Debt-to-equity has risen 30.6% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $281.48M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $133.26M
Q. Revenue: $37.03M
TTM EBITDA: $0
TTM Op. Income: $0
Q. Op. Income: $0
TTM Net Income: $7.76M
Q. Net Income: $27.19M
EPS: $0.65
Shares Out.: $42.07M

$133.26M in TTM revenue declined 5.5% YoY, reaching $37.03M last quarter. TTM EBITDA of $0 and TTM operating income of $0 show growth is flowing through to the bottom line. TTM net income of $7.76M means revenue is converting into profit. Over the past year, TTM revenue is down 5% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 0.0%
Op. Margin: 0.0%
Net Margin: 73.4%

Op. margin of 0.0% is flat YoY — stable. Net margin at 73.4%

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 36.3x
P/S Ratio: 2.1x
P/B Ratio: 0.6x

At 36.3x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 2.1x and P/B of 0.6x provide additional context. P/E sits above typical market levels while revenue growth is below 5%. Across the last 7 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.22B
Cash: $10.83M
Long-Term Debt: $678.95M
Book Value: $502.58M
D/E Ratio: 1.4
Debt/EBITDA: N/A

With $1.22B in assets and $678.95M in long-term debt, D/E is 1.4and book value is $502.58M — moderate leverage. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-194.35M
TTM Free Cash Flow: $-75.37M
FCF Margin: -56.6%
FCF / Net Income: -9.7

TTM FCF of $-75.37M on $-194.35M in operating cash flow. The FCF / Net Income ratio of -9.7x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.