Runway Growth Finance Corp. - Understand $rway stock

$RWAY Market Cap: $390.5 Million

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Financial Snapshot

Revenue

$70.29M

TTM

Gross Margin

924.4%

TTM

Net Earnings

$40.60M

TTM

Current Assets

$3.617M

Q3 2024

Current Liabilities

$25.71M

Q3 2024

Current Ratio

14.07%

Q3 2024

Total Assets

$1.076B

Q3 2024

Total Liabilities

$568.2M

Q3 2024

Book Value

$507.4M

Q3 2024

Cash

$3.617M

Q3 2024

P/E

9.617

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$2.105M	$59.80M	$71.36M	$57.63M	$55.14M	$20.76M	$3.190M	$0.00
YoY Change	-96.48%	-16.2%	23.83%	4.51%	165.65%	550.69%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$2.105M	$59.80M	$71.36M	$57.63M	$55.14M	$20.76M	$3.190M	$0.00
Cost Of Revenue	$78.90M	$38.82M	$20.77M	$15.16M	$14.64M	$6.757M	$3.587M	$169.7K
Gross Profit	$85.31M	$69.73M	$50.58M	$42.47M	$40.50M	$14.00M	-$397.5K	-$169.7K
Gross Profit Margin	4052.68%	116.61%	70.89%	73.7%	73.45%	67.45%	-12.46%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Selling, General & Admin	$6.167M	$9.157M	$4.575M	$3.528M	$3.355M	$2.024M	$1.373M	$709.4K
YoY Change	-32.65%	100.15%	29.67%	5.17%	65.77%	47.44%	93.5%
% of Gross Profit	7.23%	13.13%	9.04%	8.31%	8.28%	14.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$85.93M	$48.76M	$6.092M	$4.400M	$4.044M	$2.293M	$1.444M	$733.3K
YoY Change	76.25%	700.31%	38.45%	8.8%	76.37%	58.79%	96.93%
Operating Profit	-$625.0K	$20.98M	$44.49M	$38.07M	$36.45M	$11.71M	-$1.842M	-$903.0K
YoY Change	-102.98%	-52.86%	16.87%	4.43%	211.4%	-735.68%	103.94%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Interest Expense	$43.14M	$16.76M	$1.127M	$8.910M	-$8.807M	$51.10K	$405.3K	-$60.00
YoY Change	157.43%	1387.02%	-87.35%	-201.17%	-17335.68%	-87.39%	-675516.67%
% of Operating Profit		79.9%	2.53%	23.4%	-24.16%	0.44%
Other Income/Expense, Net	$867.0K	$778.0K	$570.0K	$518.0K
YoY Change	11.44%	36.49%	10.04%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Pretax Income	$44.34M	$32.25M	$45.62M	$46.98M	$27.65M	$11.76M	-$1.436M	-$903.0K
YoY Change	37.49%	-29.31%	-2.9%	69.93%	135.14%	-918.6%	59.05%
Income Tax	$700.0K	$290.0K	$0.00	$1.300K
% Of Pretax Income	1.58%	0.9%	0.0%	0.0%
Net Earnings	$44.34M	$32.25M	$45.62M	$46.98M	$27.65M	$11.76M	-$1.436M	-$903.0K
YoY Change	37.49%	-29.31%	-2.9%	69.93%	135.14%	-918.6%	59.05%
Net Earnings / Revenue	2106.46%	53.93%	63.93%	81.53%	50.14%	56.65%	-45.03%
Basic Earnings Per Share	$1.09	$0.79	$1.33	$1.70
Diluted Earnings Per Share	$1.09	$0.79	$1.335M	$1.701M	$1.478M	$1.264M	-$513.8K	-$83.85M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Cash & Short-Term Investments	$2.970M	$5.761M	$4.697M	$14.89M	$45.80M	$2.527M	$8.142M	$1.040M
YoY Change	-48.45%	22.66%	-68.45%	-67.5%	1712.08%	-68.96%	682.91%
Cash & Equivalents	$2.970M	$5.761M	$4.697M	$14.89M	$45.80M	$2.527M	$8.142M	$1.040M
Short-Term Investments
Other Short-Term Assets			$949.8K	$137.1K	$165.9K	$120.1K	$96.45K	$85.10K
YoY Change			592.76%	-17.36%	38.18%	24.48%	13.34%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$2.970M	$5.761M	$6.463M	$15.38M	$46.37M	$2.689M	$8.263M	$1.186M
YoY Change	-48.45%	-10.86%	-57.99%	-66.83%	1624.6%	-67.46%	596.85%
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.067B	$1.126B	$729.5M	$621.8M	$468.0M	$304.2M	$140.7M	$3.000M
YoY Change	-5.26%	54.39%	17.32%	32.87%	53.84%	116.18%	4590.95%
Other Assets					$0.00	$232.6K	$0.00
YoY Change					-100.0%
Total Long-Term Assets	$1.076B	$1.136B	$731.9M	$624.5M	$469.9M	$305.7M	$141.1M	$3.000M
YoY Change	-5.27%	55.22%	17.19%	32.9%	53.74%	116.7%	4601.98%
Total Assets	$1.079B	$1.142B	$738.3M	$639.9M	$516.3M	$308.4M	$149.3M	$4.186M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$9.504M	$7.949M	$7.668M	$6.437M	$5.283M	$1.624M	$267.7K	$60.18K
YoY Change	19.56%	3.66%	19.12%	21.86%	225.25%	506.8%	344.78%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$44.77M	$167.1M	$134.6M	$139.1M	$0.00	$0.00
YoY Change		-100.0%	-73.2%	24.11%	-3.2%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$22.00M	$16.76M	$52.66M	$173.6M	$140.0M	$140.9M	$22.28M	$709.0K
YoY Change	31.31%	-68.18%	-69.67%	24.05%	-0.64%	532.46%	3041.84%
Long-Term Debt	$510.1M	$549.0M	$79.49M	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-7.08%	590.61%
Other Long-Term Liabilities					$0.00	$100.0K	$0.00
YoY Change					-100.0%
Total Long-Term Liabilities	$510.1M	$549.0M	$79.49M	$0.00	$0.00	$100.0K	$0.00	$0.00
YoY Change	-7.08%	590.61%			-100.0%
Total Liabilities	$532.1M	$565.7M	$132.2M	$173.6M	$140.0M	$141.0M	$22.28M	$709.0K
YoY Change	-5.95%	328.08%	-23.9%	24.05%	-0.71%	532.91%	3041.84%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Basic Shares Outstanding	40.51M	40.97M	34.18M	27.62M	18.70M	9.301M	2.795M	10.77K
Diluted Shares Outstanding	40.51M	40.97M	34.18M	27.62M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $390.45 Million

About Runway Growth Finance Corp.

Runway Growth Finance Corp. is a closed-end investment company. The company is headquartered in Chicago, Illinois and currently employs 0 full-time employees. The company went IPO on 2021-10-21. The firm is focused on providing senior secured loans to high growth-potential companies in technology, life sciences, healthcare information and services, business services, select consumer services and products and other high-growth industries. Its investment objective is to maximize its total return to its stockholders primarily through current income on the Company's loan portfolio and secondarily through capital appreciation on its warrants and other equity positions. The firm invests in senior secured term loans and other senior debt obligations and also it invests in second lien loans issued by high growth-potential companies. The firm originates its investments through two strategies: Sponsored Growth Lending and Non-Sponsored Growth Lending. The company also invests in secured loans, and acquires equity securities as well, including warrants. The firm is externally managed by Runway Growth Capital LLC (RGC).

Industry: UNKNOWN Peers: GAMCO INVESTORS, INC. ET AL DIAMOND HILL INVESTMENT GROUP INC Blackstone Inc. CION Investment Corp CAPITAL SOUTHWEST CORP Crescent Capital BDC, Inc. FIDUS INVESTMENT Corp GLADSTONE INVESTMENT CORPORATION\DE PENNANTPARK INVESTMENT CORP Trinity Capital Inc.