RWAY (Runway Growth Finance) Scaled Net Operating Assets: 0.91 (As of Mar. 2026)


RWAY Runway Growth Finance Corp RWAY
58 GF Score
Price $5.48
GF Value $9.50
Valuation Possible Value Trap
! 4 Warning Signs
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What is Runway Growth Finance Scaled Net Operating Assets?

Runway Growth Finance RWAY -1.88% 58 Scaled Net Operating Assets is 0.91 as of Mar. 2026. GuruFocus rates RWAY with a GF Score™ of 58/100 and a GF Value™ of $9.50 (Possible Value Trap). The stock has 4 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Runway Growth Finance's operating assets for the quarter that ended in Mar. 2026 was $902.61 Mil. Runway Growth Finance's operating liabilities for the quarter that ended in Mar. 2026 was $25.00 Mil. Runway Growth Finance's Total Assets for the quarter that ended in Dec. 2025 was $960.11 Mil. Therefore, Runway Growth Finance's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.91.

RWAY
58GF Score
Runway Growth Finance Corp RWAY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Runway Growth Finance Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Runway Growth Finance's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(941.939-25.23)/1091.355
=0.84

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=960.114 - 18.175
=941.939

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=475.145 - 449.915 - 0
=25.23

Runway Growth Finance's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(902.614-24.995)/960.114
=0.91

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=904.926 - 2.312
=902.614

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=466.698 - 441.703 - 0
=24.995

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.91 mean?
Runway Growth Finance (RWAY) has a Scaled Net Operating Assets of 0.91 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Runway Growth Finance and its competitors.
Is Runway Growth Finance's Scaled Net Operating Assets too high?
Runway Growth Finance's current Scaled Net Operating Assets is 0.91. Overall, Runway Growth Finance has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Runway Growth Finance's Scaled Net Operating Assets compare to NPV and SRV?
Runway Growth Finance's Scaled Net Operating Assets of 0.91 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Runway Growth Finance and its competitors. Runway Growth Finance's current Scaled Net Operating Assets is 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Runway Growth Finance stock overvalued right now?
Based on GuruFocus' analysis, Runway Growth Finance (RWAY) is currently considered Possible Value Trap. The stock's GF Value™ is $9.50, compared to a current price of $5.48 — trading 42.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.91. Runway Growth Finance's overall GF Score™ is 58/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Runway Growth Finance (RWAY), the current Scaled Net Operating Assets is 0.91 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Runway Growth Finance (RWAY) Overvalued in 2026?

Based on GuruFocus' analysis, Runway Growth Finance stock appears to be undervalued. The current stock price of $5.48 is trading 42.3% below its estimated GF Value™ of $9.50. GuruFocus considers Runway Growth Finance to be Possible Value Trap.

Key valuation signals for RWAY:

  • Scaled Net Operating Assets: 0.91
  • GF Value™: $9.50 vs. price of $5.48 (42.3% below fair value)
  • GF Score™: 58/100 with 4 warning signs

No single metric tells the full story. See the RWAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Runway Growth Finance Business Description

Other Exchanges 0KG:Germany
Address 205 N. Michigan Avenue, Suite 4200, Chicago, IL, USA, 60601
Runway Growth Finance Corp is a specialty finance company focused on providing senior secured loans to high-growth-potential companies in technology, life sciences, healthcare information and services, business services, select consumer services and products, and other high-growth industries. The company has Investments in the United States, Germany, and UK, Canada, Netherlands, with the majority of its portfolio invested in the United States. The company's investment objective is to maximize its total return to its stockholders through current income on its loan portfolio, and secondarily through capital gain on its warrants and other equity positions.
58GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.48
Price
$9.50
GF Value