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Runway Growth Finance Corp. (NASDAQ:RWAY), a specialty finance company based in Chicago, Illinois, with a market capitalization of $374 million and an impressive dividend yield of 27.49%, announced the results of its 2025 Annual Meeting of Stockholders held on June 10, 2025. According to InvestingPro data, the company maintains a GREAT financial health score and trades at an attractive P/E ratio of 5.82. The meeting saw the re-election of three Class III directors and the ratification of the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. InvestingPro analysis reveals that management has been actively buying back shares, with 7 analysts recently revising their earnings expectations upward for the upcoming period.
The re-elected directors, R. David Spreng, Catherine Frey, and Robert Warshauer, will serve on the Board of Directors until the 2028 Annual Meeting of Stockholders. The voting results for the directors were as follows: Spreng received 12,577,977 votes for and 6,258,347 withheld with 7,503,463 broker non-votes; Frey received 18,401,436 votes for and 434,888 withheld with 7,503,463 broker non-votes; Warshauer received 18,355,105 votes for and 481,219 withheld with 7,503,463 broker non-votes.
Additionally, the stockholders ratified the selection of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the current fiscal year. The proposal received 26,067,113 votes for, 95,804 against, 176,870 abstained, and zero broker non-votes.
The company’s filing also included an exhibit: Cover Page Interactive Data File (embedded within the Inline XBRL document).
This report is based on a press release statement and provides a summary of the key actions and decisions made during Runway Growth Finance Corp.’s 2025 Annual Meeting of Stockholders. For a comprehensive analysis of RWAY’s financial performance and future prospects, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 US equities with expert insights and actionable intelligence.
In other recent news, Runway Growth Finance reported its first-quarter 2025 earnings, surpassing market expectations with an earnings per share (EPS) of $0.42 against a projected $0.37. The company’s revenue also exceeded forecasts, reaching $35.4 million compared to the anticipated $33.27 million. These results highlight Runway Growth Finance’s ability to outperform market predictions, with strategic investments playing a significant role in its success. Additionally, the firm approved a new $25 million stock repurchase program, reflecting its confidence in its stock valuation. The company’s portfolio yield remained strong at 15.4% annualized, despite a 6.7% decrease in the total investment portfolio’s fair value. Analysts noted the company’s cautious approach to new investments, focusing on building its net asset value per share. Runway Growth Finance’s recent merger with BC Partners Credit is expected to expand its origination channels, offering new investment opportunities. The firm continues to navigate challenges, including slowed venture capital fundraising and a cautious environment in healthcare lending.
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