NASDAQ$RWAY
Runway Growth Finance Corp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported financial results for the third quarter ended September 30, 2023.
Runway Growth Finance Corp. announced its Q3 2023 financial results, with total investment income of $43.8 million and net investment income of $22.0 million, or $0.54 per share. The investment portfolio totaled $1.0 billion.
- Total investment income for the quarter was $43.8 million, compared to $27.0 million for the same quarter last year.
- Net investment income for the quarter was $22.0 million, or $0.54 per share, compared to $14.5 million, or $0.36 per share, for the same quarter last year.
- The Company's dollar-weighted annualized yield on average debt investments for the quarter was 18.3%.
- As of September 30, 2023, the investment portfolio had an aggregate fair value of approximately $1,011 million.
Headline financials
Revenue & EPS history
Runway Growth · Revenue · Quarterly
$22.3M
Forward guidance
Runway Growth is well positioned to drive non-dilutive portfolio growth and ROE for shareholders as we approach 2024.
Tailwinds
- Runway Growth's pipeline remains healthy
- Demand from companies for creative financing solutions is accelerating.
- Runway Growth's priority is preserving credit quality
- Runway aims to protect shareholders’ capital while generating attractive returns.
- Runway has ample dry powder waiting to be deployed into a capital starved market
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 Q3 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
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| 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 | — | — | — | |
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| Q4 2019 | — | — | — | |
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| Q4 2018 | — | — | — | |
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| Q4 2017 | — | — | — | |
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| Q1 2017 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — |
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