NASDAQ$RWAY

Runway Growth Finance Corp · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Announced financial results for the fourth quarter and fiscal year ended December 31, 2023.

Runway Growth Finance Corp. reported total investment income of $39.2 million and net investment income of $18.3 million, or $0.45 per share, for the fourth quarter ended December 31, 2023. The investment portfolio totaled $1.0 billion at year-end.

  • Total investment income was $39.2 million.
  • Net investment income was $18.3 million, or $0.45 per share.
  • Net asset value was $13.50 per share.
  • Dollar-weighted annualized yield on debt investments was 16.9%.

Headline financials

Total Revenue

$39.2M

Previous: $36.8M+6.6%
EPS (adj)

$0.45

Previous: $0.45+0.0%
Capital Expenditures

$0.00

No prior period
Net Income

-$4.79M

Previous: -$28.1M+83.0%
Operating Income

$18.3M

No prior period

Revenue & EPS history

Runway Growth · Revenue · Quarterly

$39.2M

Q4 2023+6.6%vs Q4 2022
Beat estimate in 2 of 14 quarters(14%)
ActualEstimate

Forward guidance

Runway Growth is committed to generating shareholder value, which is reinforced by our strong and consistent base dividend and ongoing supplemental distributions.

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 Q4 2023

Historical avgQ4 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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