NASDAQ$RWAY

Runway Growth Finance Corp · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Runway Growth reported second quarter results with total investment income of $41.9 million and net investment income of $19.7 million.

Runway Growth Finance Corp. announced its financial results for the second quarter ended June 30, 2023, with total investment income of $41.9 million and net investment income of $19.7 million, or $0.49 per share. The investment portfolio had a fair value of approximately $1,095 million.

  • Total investment income for the quarter was $41.9 million, compared to $25.0 million for the same quarter last year.
  • Net investment income for the quarter was $19.7 million, or $0.49 per share, compared to $14.5 million, or $0.35 per share, for the same quarter last year.
  • The company's dollar-weighted annualized yield on average debt investments was 16.7%.
  • As of June 30, 2023, the investment portfolio had an aggregate fair value of approximately $1,095 million.

Headline financials

Total Revenue

$19.8M

Previous: $25.2M-21.3%
EPS (adj)

$0.49

Previous: $0.35+40.0%
Dollar-weighted annualized yield

16.7%

Previous: 0.0%
Free Cash Flow

$22.3M

No prior period
Net Income

$22.3M

Previous: -$817K+2831.9%
Operating Income

-$2.61M

No prior period
Gross Profit

$19.8M

No prior period
Cash & Equivalents

$37.7M

Previous: $6.81M+454.2%
Total Assets

$1.14B

No prior period

Revenue & EPS history

Runway Growth · Revenue · Quarterly

$19.8M

Q2 2023-21.3%vs Q2 2022
Beat estimate in 2 of 14 quarters(14%)
ActualEstimate

Forward guidance

Runway Growth is strategically positioned to selectively deploy capital at favorable terms in the second half of the year.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

-0.7%

Avg return

Earnings day

-2.3%

Avg return

5 days after

-3.3%

Avg return

30 days after

42%

8 / 19 earnings

Positive

+7.4%

Q4 2022

Best reaction

-13.4%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.1%-2.2%-9.5%
Q4 2025-7.4%-1.7%-8.0%
Q3 2025+1.6%+2.8%-5.7%
Q1 2025+6.3%+7.3%+8.3%
Q4 2024-1.0%-0.3%-14.1%
Q3 2024-0.3%-1.0%+4.3%
Q2 2024-6.5%-8.4%-7.1%
Q1 2024-6.7%-12.3%-8.2%
Q4 2023-13.4%-11.4%-7.7%
Q3 2023+2.6%+0.9%-1.3%
Q2 2023+3.8%+5.9%+2.8%
Q1 2023-1.4%-5.4%+11.7%
Q4 2020+7.4%+2.1%-5.9%
Q4 2022+7.4%+2.1%-5.9%
Q3 2022-1.5%-2.5%-5.9%
Q2 2022+4.1%+2.3%-8.4%
Q1 2022-1.3%-9.7%-7.9%
Q4 2021-1.0%-8.5%+3.0%
Q3 2021-5.8%-4.2%+3.7%
Q2 2021
Q1 2021
Q3 2020
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q3 2016
Q2 2016

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