Runway Growth Q3 2023 Earnings Report
Key Takeaways
Runway Growth Finance Corp. announced its Q3 2023 financial results, with total investment income of $43.8 million and net investment income of $22.0 million, or $0.54 per share. The investment portfolio totaled $1.0 billion.
Total investment income for the quarter was $43.8 million, compared to $27.0 million for the same quarter last year.
Net investment income for the quarter was $22.0 million, or $0.54 per share, compared to $14.5 million, or $0.36 per share, for the same quarter last year.
The Company's dollar-weighted annualized yield on average debt investments for the quarter was 18.3%.
As of September 30, 2023, the investment portfolio had an aggregate fair value of approximately $1,011 million.
Runway Growth
Runway Growth
Forward Guidance
Runway Growth is well positioned to drive non-dilutive portfolio growth and ROE for shareholders as we approach 2024.
Positive Outlook
- Runway Growth's pipeline remains healthy
- Demand from companies for creative financing solutions is accelerating.
- Runway Growth's priority is preserving credit quality
- Runway aims to protect shareholders’ capital while generating attractive returns.
- Runway has ample dry powder waiting to be deployed into a capital starved market