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Sep 30, 2024

Runway Growth Q3 2024 Earnings Report

Runway Growth reported strong financial performance with sequential net investment income growth and solid originations.

Key Takeaways

Runway Growth Finance Corp. announced its Q3 2024 financial results, reporting a total investment income of $36.7 million and a net investment income of $15.9 million, or $0.41 per share. The investment portfolio totaled $1.1 billion. The company also declared a fourth quarter 2024 regular dividend of $0.40 per share.

Total investment income was $36.7 million.

Net investment income was $15.9 million, or $0.41 per share.

Net asset value was $13.39 per share.

Dollar-weighted annualized yield on debt investments was 15.9%.

Total Revenue
$36.7M
Previous year: $43.8M
-16.3%
EPS
$0.41
Previous year: $0.54
-24.1%
Cash and Equivalents
$3.6M
Previous year: $14.9M
-75.9%
Free Cash Flow
$14.4M
Previous year: $17.4M
-17.5%
Total Assets
$1.08B
Previous year: $1.01B
+6.4%

Runway Growth

Runway Growth

Forward Guidance

Runway Growth believes the company is positioned to accelerate growth and drive long-term shareholder value.