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Runway Growth Finance Corp. (RWAY)

Financial Services | Asset Management | Menlo Park, United States | NasdaqGS
5.29 USD -0.04 (-0.750%) ⇩ (July 13, 2026, 4 p.m. EDT)
Short-term:★⯪☆☆☆Long-term:★☆☆☆☆Dividends:★⯪☆☆☆
Hot Take ↕ | July 11, 2026, 6:28 a.m. EDT

The investment case for Runway Growth Finance is currently broken by a fatal disconnect between its massive dividend payout and its deteriorating financial reality. The company is distributing 25.6% of its yield while posting negative earnings and a payout ratio exceeding 150%, meaning shareholders are being paid entirely from capital erosion rather than operating cash flow. This is not a value trap; it is a value destruction machine. The stock has already punished investors with a multi-year decline, dropping nearly 8% over the last three years despite the aggressive dividend hikes, proving the market sees through the yield illusion. Fundamentally, the business is shrinking with revenue down 17% and negative returns on equity, leaving no moat to protect the remaining capital. While the low price-to-book offers a theoretical margin of safety, the balance sheet is bloated with debt, and the recent surge in put buying confirms that smart money is fleeing the sinking ship. Avoid this security until the payout ratio becomes sustainable and the revenue trajectory turns positive.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.037256
AutoTheta0.049058
MSTL0.053154
AutoETS0.056523

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 40%
H-stat 9.45
Ljung-Box p 0.000
Jarque-Bera p 0.001
Excess Kurtosis 1.12
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-05-17
Last Dividend Date 2026-05-17
Debt to Equity Ratio 100.793
Revenue per Share 3.61
Market Cap 224,637,440
Forward P/E 4.13
Beta 0.60
Profit Margins -2.00%
Website https://investors.runwaygrowth.com

As of July 11, 2026, 6:28 a.m. EDT: Speculators are positioning defensively with heavy put volume relative to call volume, particularly at strikes significantly out-of-the-money (OTM). While there is some call activity at the $5 strike, the overwhelming Open Interest (OI) concentration is in OTM puts ($7.50, $10.00), suggesting a strong expectation of further downside or a hedge against a collapse. Implied volatility is elevated on these protective puts, indicating fear of a sharp move lower.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
5.22% 16.61% 15.50% —
Dividend History
Date Dividend Yield %
2026-05-18 0.33 5.221519
2026-03-10 0.33 4.465494
2025-11-17 0.33 3.544576
2025-08-18 0.36 3.380282
2025-05-19 0.35 3.564155
2025-03-31 0.36 3.478261
2024-11-18 0.40 3.956479
2024-08-12 0.45 4.429134
2024-05-09 0.47 3.884297
2024-02-09 0.47 3.615385
2023-11-10 0.46 3.533026
2023-08-14 0.45 3.427266
2023-05-12 0.45 4.205608
2023-03-06 0.45 3.383459
2022-11-07 0.36 2.832415
2022-08-08 0.33 2.393038
2022-05-09 0.30 2.325581
2022-03-07 0.27 2.168675
2021-11-05 0.25 2.066116
Additional Data
dividendRate 1.35
dividendYield 25.38
exDividendDate 2026-05-18
trailingAnnualDividendRate 1.32
trailingAnnualDividendYield 0.2476548
lastDividendValue 0.33
lastDividendDate 2026-05-18
dividendDate 2026-06-02

Info Dump

Attribute Value
52 Week Change -0.51501364
Address1 2,061 Avy Avenue
Address2 2nd Floor
All Time High 14.92
All Time Low 5.19
Ask 6.78
Ask Size 2
Average Analyst Rating 2.4 - Buy
Average Daily Volume10 Day 719,580
Average Daily Volume3 Month 697,563
Average Volume 697,563
Average Volume10Days 719,580
Beta 0.598
Bid 3.8
Bid Size 2
Book Value 12.128
City Menlo Park
Compensation As Of Epoch Date 1,767,139,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 5.29
Current Ratio 0.59
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 5.4
Day Low 5.27
Debt To Equity 100.793
Display Name Runway Growth Finance
Dividend Date 1,780,358,400
Dividend Rate 1.35
Dividend Yield 25.38
Earnings Call Timestamp End 1,786,132,800
Earnings Call Timestamp Start 1,786,132,800
Earnings Timestamp 1,786,046,400
Earnings Timestamp End 1,786,046,400
Earnings Timestamp Start 1,786,046,400
Ebitda Margins 0.0
Enterprise To Revenue 5.054
Enterprise Value 664,028,480
Eps Current Year 1.23333
Eps Forward 1.28
Eps Trailing Twelve Months -0.08
Esg Populated 0
Ex Dividend Date 1,779,062,400
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 6.0874
Fifty Day Average Change -0.7974
Fifty Day Average Change Percent -0.13099189
Fifty Two Week Change Percent -51.50136
Fifty Two Week High 11.405
Fifty Two Week High Change -6.115
Fifty Two Week High Change Percent -0.53616834
Fifty Two Week Low 5.19
Fifty Two Week Low Change 0.099999905
Fifty Two Week Low Change Percent 0.019267805
Fifty Two Week Range 5.19 - 11.405
Financial Currency USD
First Trade Date Milliseconds 1,634,823,000,000
Forward Eps 1.28
Forward P E 4.1328125
Free Cashflow 20,627,376
Full Exchange Name NasdaqGS
Gmt Off Set Milliseconds -14,400,000
Gross Margins 1.0
Gross Profits 131,381,000
Has Pre Post Market Data 1
Held Percent Insiders 0.0105
Held Percent Institutions 0.5146
Implied Shares Outstanding 42,464,546
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Ipo Expected Date 2,021-10-21
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,779,062,400
Last Dividend Value 0.33
Last Fiscal Year End 1,767,139,200
Long Business Summary Runway Growth Finance Corp. is a business development company specializing investments in senior-secured loans to late stage and growth companies. It prefers to make investments in companies engaged in the technology, life sciences, healthcare and information services, business services and select consumer services and products sectors. It prefers to investments in companies engaged in electronic equipment and instruments, systems software, hardware, storage and peripherals and specialized consumer services, application software, healthcare technology, internet software and services, data processing and outsourced services, internet retail, human resources and employment services, biotechnology, healthcare equipment and education services. It invests in senior secured loans between $10 million and $75 million.
Long Name Runway Growth Finance Corp.
Market us_market
Market Cap 224,637,440
Market State PRE
Max Age 86,400
Message Board Id finmb_1685062209
Most Recent Quarter 1,774,915,200
Net Income To Common -2,634,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 226,336,030
Number Of Analyst Opinions 6
Open 5.33
Operating Cashflow 118,685,000
Operating Margins 0.71681
Payout Ratio 1.5054
Peg Ratio 1.16
Phone 650-645-9751
Previous Close 5.33
Price Eps Current Year 4.289201
Price Hint 2
Price To Book 0.43618074
Price To Sales Trailing12 Months 1.7098168
Profit Margins -0.02005
Quick Ratio 0.434
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.375
Region US
Regular Market Change -0.04
Regular Market Change Percent -0.750468
Regular Market Day High 5.4
Regular Market Day Low 5.27
Regular Market Day Range 5.27 - 5.4
Regular Market Open 5.33
Regular Market Previous Close 5.33
Regular Market Price 5.29
Regular Market Time 1,783,972,800
Regular Market Volume 993,437
Return On Assets 0.061160002
Return On Equity -0.0056
Revenue Growth -0.168
Revenue Per Share 3.61
Sand P52 Week Change 0.20847368
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 42,464,546
Shares Percent Shares Out 0.074499995
Shares Short 3,164,128
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 2,885,623
Short Name Runway Growth Finance Corp.
Short Percent Of Float 0.0904
Short Ratio 5.56
Source Interval 15
State CA
Symbol RWAY
Target High Price 10.0
Target Low Price 5.5
Target Mean Price 8.29167
Target Median Price 8.875
Total Cash 2,312,000
Total Cash Per Share 0.054
Total Debt 441,703,008
Total Revenue 131,381,000
Tradeable 0
Trailing Annual Dividend Rate 1.32
Trailing Annual Dividend Yield 0.2476548
Trailing Eps -0.08
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 8.02825
Two Hundred Day Average Change -2.7382498
Two Hundred Day Average Change Percent -0.3410768
Type Disp Equity
Volume 993,437
Website https://investors.runwaygrowth.com
Zip 94,025