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Runway Growth Finance Corp. Reports Fourth Quarter and Fiscal Year 2024 Financial Results

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Runway Growth Finance Corp. (RWAY) reported its Q4 and fiscal year 2024 results, with total investment income of $33.8 million and net investment income of $14.6 million ($0.39 per share) for Q4 2024. The company's investment portfolio reached $1.1 billion at fair value across 56 portfolio companies.

Key Q4 metrics include a dollar-weighted annualized yield of 14.7% on debt investments and NAV of $514.9 million ($13.79 per share). The company completed $154.0 million in funded investments, including two new portfolio companies.

For FY2024, RWAY achieved net investment income of $63.8 million ($1.64 per share) and maintained a low credit loss ratio of 12 basis points. The Board declared Q1 2025 distributions of $0.33 regular dividend plus $0.03 supplemental dividend per share.

Runway Growth Finance Corp. (RWAY) ha riportato i risultati del quarto trimestre e dell'anno fiscale 2024, con un reddito totale da investimenti di 33,8 milioni di dollari e un reddito netto da investimenti di 14,6 milioni di dollari (0,39 dollari per azione) per il quarto trimestre 2024. Il portafoglio di investimenti della società ha raggiunto 1,1 miliardi di dollari a valore equo su 56 aziende in portafoglio.

I principali indicatori del quarto trimestre includono un rendimento annualizzato ponderato in dollari del 14,7% sugli investimenti in debito e un NAV di 514,9 milioni di dollari (13,79 dollari per azione). L'azienda ha completato investimenti finanziati per 154,0 milioni di dollari, inclusi due nuovi portafogli aziendali.

Per l'anno fiscale 2024, RWAY ha raggiunto un reddito netto da investimenti di 63,8 milioni di dollari (1,64 dollari per azione) e ha mantenuto un basso rapporto di perdite creditizie di 12 punti base. Il Consiglio ha dichiarato distribuzioni per il primo trimestre 2025 di 0,33 dollari di dividendo regolare più 0,03 dollari di dividendo supplementare per azione.

Runway Growth Finance Corp. (RWAY) informó sus resultados del cuarto trimestre y del año fiscal 2024, con un ingreso total por inversiones de 33,8 millones de dólares y un ingreso neto por inversiones de 14,6 millones de dólares (0,39 dólares por acción) para el cuarto trimestre de 2024. La cartera de inversiones de la compañía alcanzó 1,1 mil millones de dólares a valor justo en 56 empresas de cartera.

Los principales indicadores del cuarto trimestre incluyen un rendimiento anualizado ponderado en dólares del 14,7% en inversiones de deuda y un NAV de 514,9 millones de dólares (13,79 dólares por acción). La empresa completó inversiones financiadas por 154,0 millones de dólares, incluyendo dos nuevas empresas de cartera.

Para el año fiscal 2024, RWAY logró un ingreso neto por inversiones de 63,8 millones de dólares (1,64 dólares por acción) y mantuvo una baja relación de pérdidas crediticias de 12 puntos básicos. La Junta declaró distribuciones para el primer trimestre de 2025 de 0,33 dólares de dividendo regular más 0,03 dólares de dividendo suplementario por acción.

Runway Growth Finance Corp. (RWAY)는 2024 회계연도 4분기 및 연간 실적을 발표했으며, 총 투자 수익은 3,380만 달러, 순 투자 수익은 1,460만 달러(주당 0.39달러)입니다. 회사의 투자 포트폴리오는 56개의 포트폴리오 회사에서 공정 가치로 11억 달러에 도달했습니다.

4분기의 주요 지표로는 채무 투자에 대한 달러 가중 연환산 수익률이 14.7%이며, NAV는 5억 1,490만 달러(주당 13.79달러)입니다. 회사는 두 개의 새로운 포트폴리오 회사를 포함하여 1억 5,400만 달러의 자금을 지원한 투자를 완료했습니다.

2024 회계연도 동안 RWAY는 순 투자 수익을 6,380만 달러(주당 1.64달러) 달성했으며, 12베이시스 포인트의 낮은 신용 손실 비율을 유지했습니다. 이사회는 2025년 1분기 배당금으로 주당 0.33달러의 일반 배당금과 0.03달러의 추가 배당금을 선언했습니다.

Runway Growth Finance Corp. (RWAY) a annoncé ses résultats pour le quatrième trimestre et l'exercice fiscal 2024, avec un revenu total d'investissement de 33,8 millions de dollars et un revenu net d'investissement de 14,6 millions de dollars (0,39 dollar par action) pour le quatrième trimestre 2024. Le portefeuille d'investissement de la société a atteint une valeur juste de 1,1 milliard de dollars à travers 56 entreprises de portefeuille.

Les principaux indicateurs du quatrième trimestre incluent un rendement annualisé pondéré en dollars de 14,7% sur les investissements en dettes et un NAV de 514,9 millions de dollars (13,79 dollars par action). L'entreprise a complété des investissements financés de 154,0 millions de dollars, y compris deux nouvelles entreprises de portefeuille.

Pour l'exercice 2024, RWAY a réalisé un revenu net d'investissement de 63,8 millions de dollars (1,64 dollar par action) et a maintenu un faible ratio de pertes de crédit de 12 points de base. Le Conseil a déclaré des distributions pour le premier trimestre 2025 de 0,33 dollar de dividende ordinaire plus 0,03 dollar de dividende supplémentaire par action.

Runway Growth Finance Corp. (RWAY) hat seine Ergebnisse für das vierte Quartal und das Geschäftsjahr 2024 veröffentlicht, mit einem Gesamtertrag aus Investitionen von 33,8 Millionen Dollar und einem Nettoertrag aus Investitionen von 14,6 Millionen Dollar (0,39 Dollar pro Aktie) für das vierte Quartal 2024. Das Investitionsportfolio des Unternehmens erreichte einen fairen Wert von 1,1 Milliarden Dollar über 56 Portfoliounternehmen.

Wichtige Kennzahlen für das vierte Quartal umfassen eine dollargewichtete annualisierte Rendite von 14,7% auf Schuldeninvestitionen und einen NAV von 514,9 Millionen Dollar (13,79 Dollar pro Aktie). Das Unternehmen hat finanzierte Investitionen in Höhe von 154,0 Millionen Dollar abgeschlossen, darunter zwei neue Portfoliounternehmen.

Für das Geschäftsjahr 2024 erzielte RWAY einen Nettoertrag aus Investitionen von 63,8 Millionen Dollar (1,64 Dollar pro Aktie) und hielt eine niedrige Kreditausfallquote von 12 Basispunkten. Der Vorstand erklärte Ausschüttungen für das erste Quartal 2025 von 0,33 Dollar regulärem Dividende plus 0,03 Dollar zusätzlichem Dividende pro Aktie.

Positive
  • Strong portfolio yield of 14.7% on debt investments
  • Maintained low credit loss ratio of 12 basis points
  • Completed $154.0M in new investments
  • Active share repurchase program with 555,104 shares bought in Q4
  • Declared additional supplemental dividend of $0.03 per share
Negative
  • Net investment income declined to $14.6M in Q4 2024 from $18.3M in Q4 2023
  • Total investment income decreased to $33.8M from $39.2M year-over-year
  • NAV per share decreased to $13.79 from $13.50 year-over-year
  • Net assets declined 5.9% to $514.9M from $547.1M year-over-year

Insights

Runway Growth Finance reported mixed results for Q4 2024 with $33.8 million in total investment income, a 13.8% decline from $39.2 million in Q4 2023. Similarly, net investment income fell to $14.6 million ($0.39 per share) from $18.3 million ($0.45 per share) year-over-year, representing a 20.2% decrease.

Despite these declines, NAV per share increased to $13.79 from $13.50 a year earlier, a modest 2.1% gain. This NAV improvement occurred despite total net assets declining by 5.9% to $514.9 million, likely supported by the company's aggressive share repurchase program. RWAY repurchased over 3.1 million shares in 2024, demonstrating management's confidence in the underlying value proposition.

The company maintains a substantial $1.1 billion investment portfolio across 56 portfolio companies, with 97.9% in senior secured loans—indicating a conservative risk profile. However, the core leverage ratio increased to 108% from 95% year-over-year, suggesting more aggressive use of debt financing.

Two significant developments warrant attention: the acquisition of Runway's investment adviser by BC Partners Credit and Mount Logan Capital, and the amendment to their credit facility extending the maturity date and revolving period. The adviser transaction brings expanded resources but introduces integration risks, while the credit agreement amendments provide enhanced financial flexibility through modified loan eligibility criteria and borrowing base calculations.

The $0.36 total Q1 2025 dividend ($0.33 regular + $0.03 supplemental) represents a slight decrease from previous quarters but still offers investors a substantial yield at current prices.

Delivered Total and Net Investment Income of $33.8 million and $14.6 million, Respectively

Investment Portfolio of $1.1 billion

Conference Call Today, Thursday, March 20, 2025 at 5:00 p.m. ET

MENLO PARK, Calif., March 20, 2025 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2024.

Fourth Quarter 2024 Highlights

  • Total investment income of $33.8 million
  • Net investment income of $14.6 million, or $0.39 per share
  • Net asset value of $514.9 million, or $13.79 per share
  • Dollar-weighted annualized yield on debt investments of 14.7% for the quarter
  • Two investments completed in new portfolio companies and five investments in existing portfolio companies, representing $154.0 million in funded investments
  • Aggregate proceeds of $152.6 million in principal prepayments and $2.4 million from scheduled amortizations
  • Repurchased 555,104 shares of the Company's outstanding common stock during the fourth quarter under previously authorized share repurchase program

Fiscal Year 2024 Highlights

  • Total investment portfolio of $1.1 billion at fair value
  • Net investment income of $63.8 million, or $1.64 per share
  • Net asset value of $514.9 million, or $13.79 per share
  • Total investment fundings of $330.5 million: $223.2 million in seven new portfolio companies, $101.7 million in nine existing portfolio companies, and $5.6 million in Runway-Cadma I LLC
  • Aggregate proceeds of $287.4 million in principal prepayments and $4.8 million from scheduled amortizations
  • Low credit loss ratio of an average 12 basis points per year on a gross basis and an average 10 basis points per year on a net (debt and equity) basis, based on cumulative commitments since inception
  • Repurchased 3,161,805 shares of the Company's outstanding common stock under previously authorized share repurchase programs

First Quarter 2025 Distributions

  • Declared first quarter 2025 regular dividend of $0.33 per share
  • Declared first quarter 2025 supplemental dividend of $0.03 per share

“In 2024, Runway Growth advanced its strategy to optimize our portfolio, enhance our origination channels, and expand our product set,” said David Spreng, Founder and CEO of Runway Growth. “Notably, we believe the close of the combination between our investment adviser, Runway Growth Capital, and BC Partners Credit positions the Company to further diversify our go-forward composition and maximize the portfolio with attractive investment opportunities. Our stockholders and borrowers alike will benefit from the combined scale and expertise of our expanded platform as we seek to mitigate risk and drive heightened returns.”

Spreng continued, “Our team’s diligent underwriting and credit-first investment philosophy will drive the strength of our portfolio and enable our borrowers to perform against the dynamic macro environment taking shape in the year ahead.”

Fourth Quarter 2024 Operating Results

Total investment income for the quarter ended December 31, 2024 was $33.8 million, compared to $39.2 million for the quarter ended December 31, 2023.

Net investment income for the quarter ended December 31, 2024 was $14.6 million, or $0.39 per share, compared to $18.3 million, or $0.45 per share, for the quarter ended December 31, 2023.

The Company's dollar-weighted annualized yield on average debt investments for the quarter ended December 31, 2024 was 14.7%. The Company calculates the yield on dollar-weighted debt investments for any period measured as (1) total investment-related income during the period divided by (2) the daily average of the fair value of debt investments, including investments on non-accrual status, outstanding during the period.

Total operating expenses for the quarter ended December 31, 2024 were $19.2 million, compared to $20.9 million for the quarter ended December 31, 2023.

Net realized loss on investments was $2.9 million for the quarter ended December 31, 2024, compared to a net realized loss of $17.2 million for the quarter ended December 31, 2023.

For the quarter ended December 31, 2024, net change in unrealized gain on investments was $16.5 million, compared to a net change in unrealized loss on investments of $5.9 million for the comparable prior year period.

Portfolio and Investment Activity

As of December 31, 2024, Runway Growth’s investment portfolio had an aggregate fair value of approximately $1.1 billion in 56 portfolio companies and one joint venture, and was comprised of approximately $970.2 million in term loans, 97.9% of which are senior secured loans, and $106.6 million in warrants and other equity-related investments.

During the fourth quarter of 2024, Runway Growth funded two investments in new portfolio companies and five investments in existing portfolio companies, representing $80.1 million in funded loans, net of refinances and upfront loan origination fees.

Total portfolio investment activity for the three and twelve months ended December 31, 2024, and 2023 was as follows:

 Three Months Ended December 31,  Year Ended December 31, 
 2024  2023  2024  2023 
Beginning investment portfolio$1,066,100  $1,010,927  $1,067,009  $1,126,309 
Purchases of investments 80,077   94,937   254,106   200,464 
Purchases of U.S. Treasury Bills    41,999      76,973 
PIK interest 2,683   4,590   12,265   19,924 
Sales and prepayments of investments (81,736)  (63,407)  (226,397)  (289,078)
Scheduled repayments of investments (2,400)  (285)  (4,780)  (7,331)
Sales and maturities of U.S. Treasury Bills       (42,029)  (35,000)
Amortization of fixed income premiums or accretion of discounts (1,485)  1,350   6,808   8,682 
Net realized gain (loss) on investments (2,939)  (17,209)  (2,939)  (18,387)
Net change in unrealized gain (loss) on investments 16,540   (5,893)  12,797   (15,547)
Ending investment portfolio$1,076,840  $1,067,009  $1,076,840  $1,067,009 
                

Net Asset Value

As of December 31, 2024, net asset value ("NAV") per share was $13.79, compared to $13.50 as of December 31, 2023. Total net assets at the end of the fourth quarter of 2024 was $514.9 million, down 5.9% from $547.1 million as of December 31, 2023.

For the quarter ended December 31, 2024, our net increase in net assets resulting from operations was $28.2 million, or $0.75 per share, compared to a net decrease in net assets resulting from operations of $4.8 million, or $0.12 per share, for the quarter ended December 31, 2023.

Liquidity and Capital Resources

As of December 31, 2024, the Company had approximately $244.8 million in available liquidity, including unrestricted cash and cash equivalents of $5.8 million and $239.0 million in available borrowing capacity under the Company’s credit facility, subject to existing terms, advance rates and regulatory and covenant requirements.

The Company ended the quarter with a core leverage ratio of approximately 108%, compared to 95% for the quarter ended December 31, 2023.

Distributions

On March 20, 2025, the Company’s board of directors (the "Board of Directors") declared a regular quarterly distribution of $0.33 per share and a supplemental distribution of $0.03 per share for the first quarter of 2025, each payable on April 14, 2025, to stockholders of record as of March 31, 2025.

Share Repurchase Program

On November 2, 2023, the Board of Directors approved a share repurchase program (the "Second Repurchase Program"), under which the Company was authorized to repurchase up to $25.0 million of its outstanding shares of common stock, at management’s discretion from time to time in open-market transactions and in accordance with all applicable securities laws and regulations. The Company repurchased 1,961,938 shares in connection with the Second Repurchase Program for an aggregate purchase price of $23.5 million. The Second Repurchase Program expired on November 2, 2024.

On July 30, 2024, the Board of Directors approved a share repurchase program (the "Third Repurchase Program") under which the Company may repurchase up to $15.0 million of its outstanding shares of common stock, at management's discretion from time to time in open-market transactions and in accordance with all applicable securities laws and regulations. If not renewed, the Third Repurchase Program will terminate upon the earlier of (i) July 30, 2025 or (ii) the repurchase of $15.0 million of the Company's shares of common stock. As of December 31, 2024, the Company had repurchased 1,199,867 shares in connection with the Third Repurchase Program for an aggregate purchase price of $12.5 million.

Recent Developments

The Company evaluated events subsequent to December 31, 2024 through March 20, 2025, the date the consolidated financial statements were issued.

BCP Transaction

On January 30, 2025, Runway Growth Capital LLC (the "Adviser") was acquired by certain private investment funds advised by BC Partners Credit and Mount Logan Capital Inc., pursuant to its minority investment (the "BCP Transaction"). On January 23, 2025, the Company’s stockholders approved an amended and restated advisory agreement (the "Third Amended and Restated Advisory Agreement") between the Company and the Adviser at a special meeting of stockholders. The Third Amended and Restated Advisory Agreement was entered into in connection with the termination of the former advisory agreement, which terminated automatically in accordance with its terms as a result of the BCP Transaction. The Third Amended and Restated Advisory Agreement took effect upon the closing of the BCP Transaction on January 30, 2025. Other than the date and term of the agreement, there were no changes to the terms of the Third Amended and Restated Advisory Agreement.

Board of Directors

As previously disclosed, Gregory M. Share informed the Board of Directors on November 15, 2024 of his intent to resign as a director of the Company, effective upon the appointment of a director to fill the vacancy created by his resignation. In connection with the stockholder agreement between the Company and OCM Growth Holdings, LLC ("OCM Growth"), OCM Growth submitted Catherine Frey as a replacement nominee for consideration by the Board of Directors. Mr. Share’s resignation was not due to any disagreements with the Company relating to the Company’s operations, policies or practices. The Board of Directors appointed Catherine Frey to serve on the Board of Directors for the remainder of Mr. Share’s term as a Class III director, effective on January 23, 2025.

On March 13, 2025, John F. Engel informed the Board of Directors of his intent to resign as a director of the Company, effective upon the appointment of a director to fill the vacancy created by his resignation. Mr. Engel's resignation was not due to any disagreements with the Company's operations, policies, or practices. The Board of Directors appointed Jennifer Kwon Chou to serve on the Board of Directors for the remainder of Mr. Engel’s term as a Class II director, effective on March 21, 2025.

On March 13, 2025, the Board of Directors increased the size of the Board of Directors from five members to eight members. The Board of Directors appointed the following individuals to serve on the Board of Directors, effective on March 21, 2025:

  • Alexander Duka was appointed to serve on the Board of Directors as an independent Class I director for a term expiring at the Company's 2026 annual meeting of stockholders.
  • Ted Goldthorpe was appointed to serve as an interested Class II director for a term expiring at the Company's 2027 annual meeting of stockholders.
  • Robert Warshauer was appointed to serve as an independent Class III director for a term expiring at the Company's 2026 annual meeting of stockholders.

Credit Facility

On March 18, 2025, the Company entered into a Sixth Amendment (the "Credit Agreement Amendment") to the Amended and Restated Credit Agreement dated as of April 20, 2022 (the "Credit Agreement"), among the Company, as borrower; the financial institutions parties thereto as lenders (the "Lenders"); KeyBank National Association, as administrative agent for the Lenders; CIBC Bank USA, as documentation agent; MUFG Bank, Ltd., as co-documentation agent; and U.S. Bank Trust Company, National Association, as collateral custodian and paying agent. The Credit Agreement Amendment amended the Credit Agreement to, among other things, (i) extend the maturity date and revolving period; (ii) permit future financing subsidiaries, and (iii) amend certain other terms of the Credit Agreement, including without limitation loan eligibility criteria, the borrowing base calculation, and excess concentration measures.

Recent Portfolio Activity

From January 1, 2025 through March 20, 2025, the Company completed $2.7 million of additional debt commitments, of which $2.7 million was funded upon closing. In addition, the Company funded $13.0 million in previously unfunded commitments on existing investments. The Company also received $25.6 million in debt prepayments and $37.4 million in proceeds from the sale of equity and warrant positions.

Conference Call

Runway Growth will hold a conference call to discuss its fourth quarter and fiscal year ended December 31, 2024, financial results at 2:00 p.m. PT (5:00 p.m. ET) on Thursday, March 20, 2025. To participate in the conference call or webcast, participants should register online at the Runway Investor Relations website. The earnings call can also be accessed through the following links:

A live webcast will be available in the investor section of the Company’s website, and will be archived for 90 days following the call.

About Runway Growth Finance Corp.

Runway Growth is a growing specialty finance company focused on providing flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity. Runway Growth is a closed-end investment fund that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. Runway Growth is externally managed by Runway Growth Capital LLC, an established registered investment advisor that was formed in 2015 and led by industry veteran David Spreng. For more information, please visit www.runwaygrowth.com.

Forward-Looking Statements

Statements included herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Runway Growth’s filings with the Securities and Exchange Commission. Runway Growth undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

Important Disclosures

Strategies described involve special risks that should be evaluated carefully before a decision is made to invest. Not all of the risks and other significant aspects of these strategies are discussed herein. Please see a more detailed discussion of these risk factors and other related risks in the Company’s most recent annual report on Form 10-K in the section entitled “Risk Factors”, which may be obtained on the Company’s website, www.runwaygrowth.com, or the SEC’s website, www.sec.gov.

IR Contacts:

Taylor Donahue, Prosek Partners, tdonahue@prosek.com

Thomas B. Raterman, Chief Financial Officer and Chief Operating Officer, tr@runwaygrowth.com


RUNWAY GROWTH FINANCE CORP.
Consolidated Statements of Assets and Liabilities
(In thousands, except share and per share data)

 
 December 31, 2024  December 31, 2023 
Assets       
Investments at fair value:       
Non-control/non-affiliate investments at fair value (cost of $1,038,135 and $1,005,024, respectively)$1,005,328  $972,604 
Affiliate investments at fair value (cost of $59,198 and $58,861, respectively) 64,572   51,456 
Control investments at fair value (cost of $6,550 and $950, respectively) 6,940   950 
Investment in U.S. Treasury Bills at fair value (cost of $0 and $42,014, respectively)    41,999 
Total investments at fair value (cost of $1,103,883 and $1,106,849, respectively) 1,076,840   1,067,009 
Cash and cash equivalents 5,751   2,970 
Interest and fees receivable 8,141   8,269 
Other assets 623   905 
Total assets 1,091,355   1,079,153 
Liabilities       
Debt:       
Credit facility 311,000   272,000 
2026 Notes 95,000   95,000 
2027 Notes 152,250   152,250 
Unamortized deferred financing costs (5,918)  (9,172)
Total debt, less unamortized deferred financing costs 552,332   510,078 
Incentive fees payable 14,106   12,500 
Interest payable 7,743   6,764 
Accrued expenses and other liabilities 2,305   2,740 
Total liabilities 576,486   532,082 
Net assets       
Common stock, par value 373   414 
Additional paid-in capital 557,992   605,110 
Accumulated undistributed (overdistributed) earnings (43,496)  (47,637)
Treasury stock    (10,816)
Total net assets$514,869  $547,071 
        
Shares of common stock outstanding ($0.01 par value, 100,000,000 shares authorized) 37,347,428   40,509,269 
Net asset value per share$13.79  $13.50 
        


RUNWAY GROWTH FINANCE CORP.
Consolidated Statements of Operations
(In thousands, except share and per share data)

 
 Three Months Ended December 31,  Years Ended December 31, 
 2024  2023  2024  2023 
Investment income               
From non-control/non-affiliate investments:               
Interest income$29,402  $32,743  $127,045  $136,912 
Payment-in-kind interest income 2,794   4,667   12,088   20,083 
Dividend income 318   318   318   1,279 
Fee income 542   757   2,231   3,342 
From affiliate investments:               
Interest income 611   604   2,419   2,090 
Payment-in-kind interest income           
Fee income          15 
From control investments:               
Interest income           
Payment-in-kind interest income           
Other income 112   136   531   488 
Total investment income 33,779   39,225   144,632   164,209 
Operating expenses               
Management fees 3,931   4,113   15,694   16,711 
Incentive fees 2,292   4,052   14,579   19,046 
Interest and other debt financing expenses 11,120   10,371   44,226   43,143 
Professional fees 756   846   2,199   2,350 
Administration agreement expenses 478   478   1,986   2,125 
Insurance expense 201   223   829   1,028 
Tax expense 390   614   392   664 
Other expenses (10)  211   976   867 
Total operating expenses 19,158   20,908   80,881   85,934 
Net investment income 14,621   18,317   63,751   78,275 
Net realized and net change in unrealized gain (loss) on investments               
Net realized gain (loss) on non-control/non-affiliate investments,
including U.S. Treasury Bills
 (2,939)  (196)  (2,939)  (1,374)
Net realized gain (loss) on control investments    (17,013)     (17,013)
Net realized gain (loss) on investments, including U.S. Treasury Bills (2,939)  (17,209)  (2,939)  (18,387)
Net change in unrealized gain (loss) on non-control/non-affiliate
investments, including U.S. Treasury Bills
 10,810   (12,984)  (372)  (20,491)
Net change in unrealized gain (loss) on affiliate investments 5,516   741   12,779   (4,938)
Net change in unrealized gain (loss) on control investments 214   6,350   390   9,882 
Net change in unrealized gain (loss) on investments, including U.S.
Treasury Bills
 16,540   (5,893)  12,797   (15,547)
Net realized and unrealized gain (loss) on investments 13,601   (23,102)  9,858   (33,934)
Net increase (decrease) in net assets resulting from operations$28,222  $(4,785) $73,609  $44,341 
Net investment income per common share (basic and diluted)$0.39  $0.45  $1.64  $1.93 
Net increase (decrease) in net assets resulting from operations per common
share (basic and diluted)
$0.75  $(0.12) $1.89  $1.09 
Weighted average shares outstanding (basic and diluted) 37,465,536   40,509,269   38,852,271   40,509,269 
                

FAQ

What were Runway Growth Finance's (RWAY) Q4 2024 earnings results?

RWAY reported Q4 2024 total investment income of $33.8M and net investment income of $14.6M ($0.39 per share), with NAV of $13.79 per share.

How much did RWAY invest in new and existing portfolio companies in Q4 2024?

RWAY invested $154.0M total, funding two new portfolio companies and five investments in existing portfolio companies.

What is RWAY's dividend payment for Q1 2025?

RWAY declared a regular quarterly dividend of $0.33 per share plus a supplemental dividend of $0.03 per share for Q1 2025.

How many shares did RWAY repurchase in Q4 2024?

RWAY repurchased 555,104 shares during Q4 2024 under its share repurchase program.

What was Runway Growth's portfolio yield in Q4 2024?

RWAY achieved a dollar-weighted annualized yield of 14.7% on debt investments for Q4 2024.
Runway Growth Finance Corp.

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1.14%
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3.42%
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