Runway Growth Finance Corp
NASDAQ: RWAY · FINANCIAL SERVICES · ASSET MANAGEMENT
Updated 2026-06-04
Runway Growth Finance Corp (RWAY) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2016 | — | $-903041.00 | — | — | — |
| 2017 | $3.19B | $-1.44M | 100.00% | -57.73% | -0.05% |
| 2018 | $14.05M | $11.76M | 100.00% | 87.47% | 83.68% |
| 2019 | $31.69M | $27.65M | 100.00% | 87.24% | 87.24% |
| 2020 | $51.38M | $46.98M | 100.00% | 91.44% | 91.44% |
| 2021 | $51.71M | $45.62M | 100.00% | 88.22% | 88.22% |
| 2022 | $55.14M | $32.25M | 75.05% | 58.49% | 58.49% |
| 2023 | $94.52M | $44.34M | 59.12% | 46.91% | 46.91% |
| 2024 | $124.22M | $73.61M | 69.15% | 59.26% | 59.26% |
| 2025 | $140.16M | $34.05M | 78.47% | 54.74% | 24.29% |
Frequently asked questions
What is Runway Growth Finance Corp's revenue?
Runway Growth Finance Corp's trailing twelve-month revenue is $131.38M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is RWAY?
In its most recent fiscal year, RWAY ran a gross margin of 78.47%, an operating margin of 54.74%, and a net margin of 24.29%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does RWAY generate?
RWAY produced $186.31M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is RWAY's balance sheet healthy?
RWAY holds $18.18M in cash and equivalents against — in long-term debt, on $484.97M of shareholder equity. That debt is best read against the cash flow the business throws off each year.