Runway Growth Finance Corp (OQ:RWAY)
Business Focus: Commercial Loans
| Sector: Financials | Industry: Corporate Financial Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 205 N Michigan Ave Ste 4200 CHICAGO IL 60601-5914 |
| Tel: | N/A |
| Website: | https://investors.runwaygrowth.com |
| IR: | See website |
| Key People | ||
| R. David Spreng Chairman of the Board, President, Chief Executive Officer | Thomas B. Raterman Chief Financial Officer, Chief Operating Officer, Treasurer, Company Secretary | Colleen Corwell Chief Compliance Officer |
| Business Overview |
| Runway Growth Finance Corp. is a specialty finance company. The Company 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 Company 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 Company originates its investments through two strategies: Sponsored Growth Lending and Non-Sponsored Growth Lending. It also invests in secured loans, and acquires equity securities as well, including warrants. The Company is externally managed by Runway Growth Capital LLC (RGC). |
| Financial Overview |
| For the three months ended 31 March 2024, Runway Growth Finance Corp revenues increased 2% to $40M. Net income increased 1% to $12M. Revenues reflect Fee Income increase from $45K to $620K, Payment in-kind interest income increase of 11% to $4.2M, Interest income increase from $292K to $599K. Net income was partially offset by Net change in unrealized gain (loss) on increase from $1.4M to $5.1M (expense). |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $929.25M as of Mar 31, 2024 |
| Annual revenue (TTM): | $164.91M as of Mar 31, 2024 |
| EBITDA (TTM): | $78.69M as of Mar 31, 2024 |
| Net annual income (TTM): | $44.40M as of Mar 31, 2024 |
| Free cash flow (TTM): | $125.43M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $469.00M as of Mar 31, 2024 |
| Shares outstanding: | 39,438,460 as of May 7, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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