Runway Growth Finance (RWAY) Incentive Fees (2018 - 2026)
Runway Growth Finance (RWAY) reported Incentive Fees of $3.6 million for Q2 2026, up 2.2% from $3.52 million a year earlier and up 38.4% from the prior quarter.
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Analysis
Runway Growth Finance (RWAY) Incentive Fees (2018 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Runway Growth Finance's Incentive Fees came in at $13.2 million, down 3.7% year-over-year; for FY2025, it came in at $14.45 million, down 0.9% from FY2024.
- Incentive Fees has a five-year compound annual growth rate of 14.8% (FY2020 to FY2025).
- By year, Incentive Fees came in at $14.58 million in FY2024 (-23.5%), $19.05 million in FY2023 (+44.5%), $13.18 million in FY2022 (+42.8%) and $9.23 million in FY2021 (+27.1%).
- Five-year quarterly Incentive Fees spans a low of $1.34 million in Q1 2022 and a high of $5.51 million in Q3 2023.
- Year over year, Incentive Fees gained in three of the last eight quarters, with an average decline of 11.5%.
- The high point for year-over-year Incentive Fees in five years was Q1 2023 (growth of 239.5%); the low point was Q4 2024 (a decline of 43.4%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $2.6 million (Q1 2026), $2.93 million (Q4 2025) and $4.08 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Incentive Fees (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 41.00 Bn | 29.82 Bn | - | - |
| 2 | Royalty Pharma | 39.88 Bn | 40.21 Bn | - | - |
| 3 | Orix | 36.75 Bn | 7.39 Bn | 13.83 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 25.40 Bn | -16,108.71 Bn | - | - |
| 5 | Royal Gold | 23.20 Bn | 22.41 Bn | 402.46 Mn | - |
| 6 | Affirm Holdings | 22.35 Bn | 15.40 Bn | - | - |
| 7 | Synchrony Financial | 22.29 Bn | -45.34 Bn | - | - |
| 8 | Annaly Capital Management | 14.69 Bn | 5.72 Bn | - | - |
| 9 | Ares Capital | 14.04 Bn | 11.79 Bn | - | 82.00 Mn |
| 10 | Runway Growth Finance | 274.79 Mn | 239.85 Mn | 40.36 Mn | 4.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 4.70 Mn |
| Jun 30, 2026 | 3.60 Mn |
| Mar 31, 2026 | 2.60 Mn |
| Dec 31, 2025 | 2.93 Mn |
| Sep 30, 2025 | 4.08 Mn |
| Jun 30, 2025 | 3.52 Mn |
| Mar 31, 2025 | 3.93 Mn |
| Dec 31, 2024 | 2.29 Mn |
| Sep 30, 2024 | 3.97 Mn |
| Jun 30, 2024 | 3.65 Mn |
| Mar 31, 2024 | 4.67 Mn |
| Dec 31, 2023 | 4.05 Mn |
| Sep 30, 2023 | 5.51 Mn |
| Jun 30, 2023 | 4.92 Mn |
| Mar 31, 2023 | 4.56 Mn |
| Dec 31, 2022 | 4.59 Mn |
| Sep 30, 2022 | 3.63 Mn |
| Jun 30, 2022 | 3.62 Mn |
| Mar 31, 2022 | 1.34 Mn |
| Dec 31, 2021 | 2.73 Mn |
API Access
Runway Growth Finance Incentive Fees API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=incentive-fees&ticker=RWAY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "incentive-fees", "ticker": "RWAY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=incentive-fees&ticker=RWAY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();