Runway Growth Finance Corp (NAS:RWAY)

Q3 2025 Runway Growth Finance Corp Earnings Call Transcript

Nov 6, 2025 / 11:00 PM GMT

Release Date Price: $9.71 (-0.72%)

Transcript 10-Q8-K

Key Points

Positve

Runway Growth Finance Corp (RWAY) reported a total investment income of $36.7 million and net investment income of $15.7 million for the third quarter of 2025, showing an increase from the previous quarter.
The company completed 11 investments in new and existing portfolio companies, totaling $128.3 million in funded loans, indicating active portfolio expansion.
RWAY announced a definitive merger agreement to acquire SWK Holdings, which is expected to scale the portfolio by an estimated $242 million and enhance earnings power.
The acquisition of SWK Holdings will increase RWAY's exposure in the healthcare and life sciences sector to approximately 31% of the overall portfolio, up from 14%.
RWAY's debt portfolio generated a dollar-weighted average annualized yield of 16.8% for the third quarter, an increase from the previous quarter and year-over-year.

Negative

RWAY's total investment portfolio had a fair value of $946 million, a decrease of 7.7% from the second quarter of 2025.
The weighted average portfolio risk rating increased to 2.42 from 2.33, indicating a slight increase in risk.
RWAY recorded a net realized loss on investments of $1.3 million in the third quarter, compared to a loss of $1.5 million in the second quarter.
The company experienced seven repayments totaling $199.7 million, which could impact future income generation.
RWAY had one loan on non-accrual status with a fair market value of 50% of cost, representing 0.2% of the total investment portfolio.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RWAY.OQ - Runway Growth Finance Corp
Q3 2025 Runway Growth Finance Corp Earnings Call
Nov 06, 2025 / 11:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by and welcome to the Runway Growth Finance 3rd quarter 2025 earnings conference call. Please be advised that today's conference is being recorded. I would now like to hand the conference over to Quinlan Abel, Assistant Vice President, Investor Relations. Please go ahead.

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Unidentified_2 [2]
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Thank you, operator.

Good evening everyone and welcome to the Runway Growth Finance Conference call for the quarter ended September 30, 2025.

Joining us on the call today from Runway Growth

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