Financial health
- Total debt ($435M) exceeds cash ($18M); net debt is $417M.
Shareholder returns
- Dividends have been paid for 6 consecutive years, consuming 151.1% of earnings.
- The dividend has grown 47.9% per year over the past 5 years.
RWAY Financials Runway Growth Finance Corp.
6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | — | $34M | — | — | — | $435M | $18M |
| 2024 | — | $74M | — | — | — | $552M | $6M |
| 2023 | — | $44M | — | — | — | $510M | $3M |
| 2022 | — | $32M | — | — | — | $549M | $6M |
| 2021 | — | $46M | — | — | — | $79M | $5M |
| 2020 | — | $47M | — | — | — | — | — |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | — | -$35M | — | — | — | $427M | $2M |
| Dec '25 | — | $7M | — | — | — | $435M | $18M |
| Sep '25 | — | $8M | — | — | — | $444M | $8M |
| Jun '25 | — | $17M | — | — | — | $516M | $6M |
| Mar '25 | — | $2M | — | — | — | $492M | $18M |
| Dec '24 | — | $28M | — | — | — | $552M | $6M |
| Sep '24 | — | $25M | — | — | — | $543M | $4M |
| Jun '24 | — | $8M | — | — | — | $549M | $9M |
| Mar '24 | — | $12M | — | — | — | $476M | $7M |
| Dec '23 | — | -$5M | — | — | — | $510M | $3M |
| Sep '23 | — | $15M | — | — | — | $441M | $15M |
| Jun '23 | — | $22M | — | — | — | $547M | $38M |
| Mar '23 | — | $12M | — | — | — | $584M | $3M |
| Dec '22 | — | $18M | — | — | — | $549M | $6M |
| Sep '22 | — | $12M | — | — | — | $337M | $6M |
| Jun '22 | — | -$817000 | — | — | — | — | — |
| Mar '22 | — | $3M | — | — | — | — | — |
| Dec '21 | — | $19M | — | — | — | $79M | $5M |
| Sep '21 | — | $10M | — | — | — | — | — |
Valuation over time
How the market has priced RWAY against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 16.0× (Mar '23) to 6.6× (Jun '26).
- The dividend yield has risen from 10.0% (Mar '23) to 23.1% (Jun '26).
P/E
Dividend yield %
Frequently asked questions
Is RWAY growing its revenue and profit?
See the revenue and net-income charts above for Runway Growth Finance Corp.'s multi-year trend.
How much debt does RWAY have?
As of FY2025, Runway Growth Finance Corp. reported $435M of total debt against $18M of cash.
What is RWAY's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is RWAY's P/E ratio?
As of Jun '26, Runway Growth Finance Corp. traded at a price-to-earnings ratio of about 6.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.