Earnings summaries and quarterly performance for Runway Growth Finance.
Executive leadership at Runway Growth Finance.
Board of directors at Runway Growth Finance.
Research analysts who have asked questions during Runway Growth Finance earnings calls.
Melissa Wedel
JPMorgan Chase & Co.
4 questions for RWAY
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Erik Zwick
Lucid Capital Markets
3 questions for RWAY
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Mickey Schleien
Ladenburg Thalmann
3 questions for RWAY
Also covers: , CCAP, CCIF +13 more
Casey Alexander
Compass Point Research & Trading, LLC
2 questions for RWAY
Also covers: ARCC, BBDC, BXSL +14 more
Cory Johnson
UBS
2 questions for RWAY
Also covers: HRZN, KBDC, LDI +2 more
Finian O'Shea
Wells Fargo Securities
2 questions for RWAY
Also covers: ARCC, BBDC, BCSF +18 more
Douglas Harter
UBS
1 question for RWAY
Also covers: ACRE, ACT, AGNC +42 more
Sean-Paul Adams
Not Provided in Transcript
1 question for RWAY
Also covers: , ARCC, BXSL +17 more
Recent press releases and 8-K filings for RWAY.
Runway Growth Finance Corp. Announces Q3 2025 Results and Strategic Updates
RWAY
Earnings
M&A
New Projects/Investments
- For Q3 2025, Runway Growth Finance Corp. reported net investment income per share of $0.43, with total investment income at $36,747 thousand and total operating expenses at $21,011 thousand.
- The company announced a definitive merger agreement with SWK Holdings on October 9, 2025, which is anticipated to generate mid single-digit run-rate Net Investment Income (NII) accretion during the first full quarter following closing.
- As of Q3 2025, total investments at fair value were $945,964 thousand, and the net asset value per share was $13.55.
- The portfolio's weighted average risk rating for Q3 2025 was 2.33, with 92% of the portfolio having a weighted average risk rating of 3 or better (on a 1-5 scale where lower is higher credit quality).
Nov 6, 2025, 11:00 PM
Runway Growth Finance Reports Q3 2025 Results and Provides Update on SWK Acquisition
RWAY
Earnings
M&A
Dividends
- Runway Growth Finance reported total investment income of $36.7 million and net investment income of $15.7 million for the third quarter of 2025, resulting in net investment income per share of $0.43.
- The company announced a definitive merger agreement to acquire SWK Holdings, which is expected to immediately scale the portfolio by an estimated $242 million and increase healthcare and life sciences exposure to approximately 31% of the overall portfolio. The transaction is anticipated to close in early 2026.
- During Q3 2025, Runway completed 11 investments totaling $128.3 million in funded loans. The weighted average portfolio risk rating increased to 2.42 from 2.33 in the prior quarter, and the dollar-weighted average annualized yield was 16.8%.
- The board declared a regular distribution for the fourth quarter of $0.33 per share. Additionally, Runway repurchased 397,983 shares during the third quarter of 2025 under its $25 million stock repurchase program.
Nov 6, 2025, 11:00 PM
Runway Growth Finance Reports Q3 2025 Results and Details SWK Holdings Acquisition
RWAY
Earnings
M&A
Share Buyback
- Runway Growth Finance reported total investment income of $36.7 million and net investment income of $15.7 million for Q3 2025, resulting in net investment income per share of $0.43. A Q4 dividend of $0.33 per share was declared.
- The company entered into a definitive merger agreement to acquire SWK Holdings for an estimated $220 million, a transaction expected to scale the portfolio by $242 million and increase healthcare and life sciences exposure to 31%. This acquisition is anticipated to generate mid-single-digit run-rate net investment income accretion post-close, which is projected for early 2026.
- During Q3 2025, Runway completed 11 investments in new and existing portfolio companies, funding $128.3 million in loans.
- Under its $25 million stock repurchase program, Runway repurchased 397,983 shares in the third quarter.
Nov 6, 2025, 11:00 PM
RWAY Reports Q3 2025 Results and Announces SWK Holdings Acquisition
RWAY
Earnings
M&A
Share Buyback
- Runway Growth Finance reported total investment income of $36.7 million and net investment income of $15.7 million for Q3 2025, with net investment income per share of $0.43. The company declared a Q4 dividend of $0.33 per share.
- The company announced a definitive merger agreement to acquire SWK Holdings, a specialty finance company, for an estimated $220 million. This acquisition is expected to scale Runway's portfolio by an estimated $242 million, increasing its exposure to the healthcare and life sciences sector to approximately 31% of the overall portfolio at fair value.
- The SWK Holdings transaction is anticipated to close in early 2026 and generate mid-single-digit run-rate net investment income accretion in the first full quarter following the close.
- During Q3 2025, Runway completed 11 investments totaling $128.3 million in funded loans across new and existing portfolio companies. The total investment portfolio had a fair value of $946 million as of September 30, 2025, and the company repurchased 397,983 shares under its $25 million stock repurchase program.
Nov 6, 2025, 11:00 PM
Runway Growth Finance Corp. Reports Q3 2025 Results and Announces SWK Holdings Acquisition
RWAY
Earnings
Dividends
M&A
- For the third quarter ended September 30, 2025, Runway Growth Finance Corp. reported net investment income of $15.7 million, or $0.43 per share, and total investment income of $36.7 million.
- As of September 30, 2025, the company's investment portfolio had an aggregate fair value of $0.9 billion, with a dollar-weighted annualized yield on debt investments of 16.8% for the quarter.
- During the third quarter of 2025, Runway Growth funded $128.3 million in investments and repurchased 397,983 shares for an aggregate purchase price of $4.4 million.
- The Board of Directors declared a fourth quarter 2025 dividend of $0.33 per share.
- Subsequent to quarter-end, on October 9, 2025, the company entered into an agreement for the proposed acquisition of SWK Holdings Corporation.
Nov 6, 2025, 9:06 PM
Runway Growth Finance Corp. Declares Q4 2025 Dividend
RWAY
Dividends
- Runway Growth Finance Corp. (RWAY) announced a cash distribution of $0.33 per share for the fourth quarter 2025.
- The dividend was declared on November 5, 2025, with a record date of November 17, 2025, and a payment date of December 3, 2025.
- The company generally intends to distribute substantially all of its available earnings on a quarterly basis and maintains an "opt out" dividend reinvestment plan.
Nov 6, 2025, 1:30 PM
Runway Growth Finance Corp. Announces Merger with SWK Holdings Corporation
RWAY
M&A
New Projects/Investments
Guidance Update
- Runway Growth Finance Corp. (RWAY) has entered into a definitive merger agreement with SWK Holdings Corporation (SWKH).
- The NAV-for-NAV merger is structured as a tax-free reorganization with an estimated purchase price of ~$220 million. Consideration includes ~$145M in cash and $75.5M in RWAY shares, plus an additional $9M cash payment from Runway Growth Capital LLC to SWK stockholders.
- The transaction is anticipated to close in late Q4-2025 or early Q1-2026.
- This merger is expected to expand RWAY's healthcare portfolio, increasing its percentage in these markets from 14% to approximately 31% of the total loan portfolio post-transaction.
- RWAY anticipates the acquisition to generate mid single-digit run-rate NII accretion during the first full quarter following closing of the transaction.
Oct 10, 2025, 3:00 PM
Runway Growth Finance Corp. Announces Acquisition of SWK Holdings Corporation
RWAY
M&A
New Projects/Investments
- Runway Growth Finance Corp. (RWAY) entered into an Agreement and Plan of Merger to acquire SWK Holdings Corporation as of October 9, 2025.
- The acquisition was unanimously approved by the boards of directors of both companies and will result in RWAY as the surviving entity after a three-step merger process.
- SWK Holdings Corporation stockholders will receive either Runway Growth Finance Corp. common stock or cash, plus a Per Share Guaranteed Cash Payment. The total Guaranteed Cash Payment is $9,000,000.
Oct 10, 2025, 10:00 AM
Runway Growth Finance to Acquire SWK Holdings
RWAY
M&A
New Projects/Investments
- Runway Growth Finance Corp. (RWAY) has entered into a definitive merger agreement to acquire SWK Holdings Corporation (SWKH), a life science focused specialty finance company.
- The NAV-for-NAV merger has an estimated purchase price of approximately $220 million, which includes $75.5 million in Runway Growth shares and approximately $145 million in cash.
- The acquisition is expected to increase total assets to $1.3 billion pro forma and expand Runway Growth's healthcare and life sciences investments from 14% to approximately 31% of its portfolio as of June 30, 2025.
- The transaction is anticipated to be accretive to net investment income (NII), with expected mid-single-digit run-rate NII accretion during the first full quarter following the close.
- The merger is projected to close in late 2025 or the first quarter of 2026, pending SWK shareholder and regulatory approvals.
Oct 9, 2025, 9:45 PM
Runway Growth Finance Corp. Announces Acquisition of SWK Holdings Corporation
RWAY
M&A
New Projects/Investments
- Runway Growth Finance Corp. (RWAY) has entered into a definitive merger agreement to acquire SWK Holdings Corporation (SWK).
- The acquisition is expected to be accretive to net investment income (NII), with mid-single-digit NII accretion anticipated.
- The transaction will expand RWAY's balance sheet to $1.3 billion in total assets pro forma and increase healthcare investments to approximately 31% of the portfolio from 14% as of June 30, 2025.
- The estimated purchase price is approximately $220 million, consisting of $75.5 million in RWAY shares and approximately $145 million in cash, plus an additional $9 million cash contribution from RWAY's investment adviser.
- The transaction is expected to close in late 2025 or the first quarter of 2026.
Oct 9, 2025, 9:23 PM
Quarterly earnings call transcripts for Runway Growth Finance.
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