Runway Growth Finance Corporation (RWAY)
NASDAQ:RWAY
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Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.31Last Year’s EPS
0.38Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call described a transformative quarter driven by the SWK acquisition and leadership promotions that improved diversification, scale (pro forma $1.1 billion), and long-term origination capabilities. Operational and portfolio fundamentals (stable debt yield, software metrics, reduced top-10 concentration, liquidity and capital return actions) were highlighted as strengths. Offsetting these positives were near-term headwinds: NAV and net assets declined, two loans moved to nonaccrual with an expected ~$0.06 per share drag, higher risk ratings for select positions, fair value markdowns, and a pro forma increase in leverage and reduction in liquidity. Overall management framed the changes as temporary and part of a strategic repositioning to drive stronger returns over time.Company Guidance
SWK Acquisition and Platform Expansion
Closed SWK transaction (April 6) which meaningfully reconstructed the portfolio, producing a pro forma portfolio of $1.1 billion, increasing diversification and strengthening origination capabilities through BC Partners Credit integration and new healthcare expertise (JD Thomas).
Increased Healthcare Exposure
Health care and life sciences now comprise 32% of the portfolio at fair value (and ~30% of the debt portfolio), improving sector diversification and expected to contribute positively to return profile over the year.
Improved Portfolio Concentration
Top 10 investments concentration reduced from 54% pre-SWK to 43% post-transaction, lowering single-name concentration risk and average loan size (reduced by 11% pro forma).
Liquidity and Capital Actions
Total available liquidity of $372.3 million as of 03/31/2026 (including cash) and $370 million borrowing capacity under KeyBank; announced $15 million share repurchase authorization and Board-declared regular distribution of $0.33 per share.
Stable Debt Portfolio Yield and Realized Gains
Dollar-weighted average annualized yield on the debt portfolio remained strong at 14.2% (consistent with 2025), and the quarter included a net realized gain on investments of $1.3 million versus a realized loss of $0.38 million a year earlier.
Software Portfolio Fundamentals
Software portfolio shows resilience: 62% of companies cash flow positive, 100% of loans have financial covenants, weighted average fair value as percent of cost (ex-nonaccruals) 97%, and 94% of software loans sponsored; portfolio is 98% first-lien overall.
Dividend and Spillover Income
Reported net investment income per share of $0.29 and declared a base dividend of $0.33 per share; reported spillover income of approximately $0.65 per share to support future distributions.
RWAY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RWAY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $6.49 | $6.21 | -4.25% |
Mar 12, 2026 | $6.80 | $6.30 | -7.41% |
Nov 06, 2025 | $8.54 | $8.70 | +1.85% |
Aug 07, 2025 | $9.25 | $9.34 | +1.02% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Runway Growth Finance Corporation (RWAY) report earnings?
Runway Growth Finance Corporation (RWAY) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is Runway Growth Finance Corporation (RWAY) earnings time?
Runway Growth Finance Corporation (RWAY) earnings time is at Aug 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RWAY EPS forecast?
RWAY EPS forecast for the fiscal quarter 2026 (Q2) is 0.31.