Runway Growth Finance Corp. (RWAY)

In the third quarter of 2025, Runway Growth Finance Corp. reported total investment income of $36.7 million and net investment income of $15.7 million ($0.43/share). A fourth-quarter 2025 dividend of $0.33 per share was announced on November 6, 2025. A merger agreement to acquire SWK Holdings was announced, expected to close in late Q1 2026. In the fourth quarter of 2025, Runway Growth funded $42.9 million across seven investments and experienced liquidity events totaling $77.8 million. The stock price as of January 9, 2026, was $9.30 per share, a 14.52% decline from January 10, 2025.

The company is positioned to benefit from the increasing trend of late-stage companies seeking private market capital, indicating a potentially consistent or increasing demand for RWAY's offerings.

Runway Growth Finance Corp. is a specialty finance company in the Asset Management industry, providing first-lien, senior secured loans to high-growth companies as an alternative to equity financing. The company aims to maximize total return for stockholders through income from debt investments and capital gains from warrants. It invests in technology, life sciences, healthcare, business services, and consumer sectors, with a portfolio including debt and equity investments. Runway Growth Finance Corp. operates as a BDC and is managed by Runway Growth Capital LLC.

Runway Growth Finance Corp. invests in the United States, Germany, the UK, Canada, and the Netherlands, with the majority of its portfolio in the United States. Runway Growth Capital LLC, the external manager, has offices in the San Francisco Bay Area, Chicago, and New York.

Runway Growth Capital was recognized on Inc.'s Founder-Friendly Investors List for the third consecutive year in October 2025, highlighting a positive aspect of its brand reputation.

Runway Growth Finance Corp.'s ownership is distributed among institutional investors (37.85% to 41.44%), insiders (about 20.77%), and public/individual investors (approximately 3.58% to 37.80%). Major institutional shareholders include Oaktree Capital Management Lp, HighTower Advisors, LLC, and others, with OCM Growth Holdings LLC owning the most shares.