RWAY
Runway Growth Finance Corp.
RWAY trails on the overall score without a compensating advantage in the available component scores.
SOFI
SoFi Technologies, Inc.
SOFI has the edge over RWAY overall, supported by stronger valuation and stronger fundamentals.
RWAY Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Healthy | |
| N/A | |
| N/A |
RWAY's profitability is currently healthy, but its revenue is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like RWAY.
SOFI Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| N/A | |
| N/A |
SOFI's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like SOFI.
RWAY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 4.9x | $6.66 | — |
| Cheap | 6.4x | $1.02 | -85% |
| Fair | 11x | $1.76 | -74% |
| Expensive | 15x | $2.45 | -63% |
| Current | 42x | $6.66 | — |
Historical ranges are pointers, not guarantees.
RWAY's PE is in its expensive range at 42x. If earnings grow as analysts expect, today's price would be 4.9x next year's earnings, in its cheap range.
SOFI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 19x | $15.63 | — |
| Current | 28x | $15.63 | — |
| Cheap | 33x | $18.24 | +17% |
| Fair | 43x | $23.82 | +52% |
| Expensive | 53x | $29.74 | +90% |
Historical ranges are pointers, not guarantees.
SOFI has the edge over RWAY in the historical PE scenario, which offers more potential upside but is not a forecast.
RWAY Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Strongly weakening | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for RWAY, but weaker profitability.
SOFI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
SOFI has the edge over RWAY on the outlook, with more favorable profitability expectations.
RWAY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.35 | +745% |
| Q3 2026 | $0.16 | -89% |
| Q2 2026 | $0.12 | -94% |
| Q1 2026 | -$0.08 | -105% |
| Q4 2025 | $0.93 | -51% |
| Q3 2025 | $1.45 | +41% |
| Q2 2025 | $1.88 | +151% |
| Q1 2025 | $1.64 | +50% |
| Q4 2024 | $1.89 | +73% |
RWAY's earnings per share have fallen from their peak: $0.16 over the past year, against $1.89 in late 2024.
SOFI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.82 | +47% |
| Q3 2026 | $0.56 | 0% |
| Q2 2026 | $0.49 | -2% |
| Q1 2026 | $0.45 | +4.7% |
| Q4 2025 | $0.39 | 0% |
| Q3 2025 | $0.56 | +367% |
| Q2 2025 | $0.50 | +$0.72 |
| Q1 2025 | $0.43 | +$0.72 |
| Q4 2024 | $0.39 | +$0.75 |
SOFI has the edge over RWAY on earnings, with more consistent year-over-year improvement.
RWAY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2022 | $3.2M | -64% |
| Q1 2022 | $5.7M | -49% |
| Q4 2021 | $20.9M | -6.4% |
| Q3 2021 | $13.1M | +7.2% |
| Q2 2021 | $9M | -39% |
| Q1 2021 | $11.3M | +267% |
SOFI has the stronger quarterly revenue trend. Revenue is down 64% for RWAY versus up 44% for SOFI.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2022 | -25% | -100 points |
| Q1 2022 | 50% | -33 points |
| Q4 2021 | 92% | -0.6 points |
| Q3 2021 | 78% | -11 points |
| Q2 2021 | 75% | -17 points |
| Q1 2021 | 83% | N/A |
| Q4 2020 | 93% | +36 points |
| Q3 2020 | 89% | N/A |
RWAY's operating margin was −25% last quarter, down 100 points from the same quarter a year ago, near the bottom of its range since 2020.
SOFI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.4B | +44% |
| Q2 2026 | $1.2B | +43% |
| Q1 2026 | $1.1B | +43% |
| Q4 2025 | $1B | +40% |
| Q3 2025 | $961.6M | +38% |
| Q2 2025 | $854.9M | +43% |
| Q1 2025 | $771.8M | +20% |
| Q4 2024 | $734.1M | +19% |
SOFI's revenue has grown year over year every quarter since mid-2022: $1.4B last quarter, up 44% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +7.5 points |
| Q2 2026 | 17% | +3.6 points |
| Q1 2026 | 18% | +7.8 points |
| Q4 2025 | 18% | +9.9 points |
| Q3 2025 | 15% | +6.3 points |
| Q2 2025 | 13% | +11 points |
| Q1 2025 | 10% | -4.3 points |
| Q4 2024 | 8.2% | -0.2 points |
SOFI's operating margin was 23% last quarter, up 7.5 points from the same quarter a year ago, near the top of its range since 2021.
RWAY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $150.2M | +63% |
| Q2 2026 | -$194.3M | -$194.1M |
| Q1 2026 | $5.9M | -92% |
| Q4 2025 | $20.6M | +49% |
| Q3 2025 | $92.4M | +257% |
| Q2 2025 | -$297K | +$38.3M |
| Q1 2025 | $73.6M | +7.2% |
| Q4 2024 | $13.9M | +$75.5M |
RWAY has the edge over SOFI on cash flow, with more consistent year-over-year improvement.
SOFI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$3.1B | -$1.7B |
| Q2 2026 | -$4B | -$2.5B |
| Q1 2026 | -$2.4B | -$2.4B |
| Q4 2025 | -$1.1B | -$815.2M |
| Q3 2025 | -$1.4B | -$149M |
| Q2 2025 | -$1.5B | -$1B |
| Q1 2025 | -$31.1M | -104% |
| Q4 2024 | -$242.4M | +$39.9M |
SOFI's free cash flow was −$10.5B over the past year, against −$3.2B the year before. Free cash flow isn't a meaningful measure for financial services companies like SOFI.
RWAY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -188K shares |
| 1 year | +16% | +5.7M shares |
| 3 years | +3.4% | +1.4M shares |
| 5 years | +26% | +8.7M shares |
| Available history | +1.2% | +506K shares |
RWAY has 42M diluted shares, up 16% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.8M |
| Q4 2025 | — |
| Q3 2025 | $4.4M |
| Q4 2024 | $5.8M |
| Q3 2024 | $6.7M |
| Q2 2024 | $12.8M |
| Q1 2024 | $10.6M |
| Q4 2022 | $1.5M |
SOFI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +5.8M shares |
| 1 year | +5.2% | +66.8M shares |
| 3 years | +43% | +407M shares |
| 5 years | +272% | +993M shares |
SOFI has the edge over RWAY on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
RWAY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2022 | 5.4x | High |
| Q1 2022 | 3.1x | Elevated |
| Q4 2021 | 1.5x | Healthy |
| Q3 2021 | 1.7x | Healthy |
| Q2 2021 | 2.4x | Moderate |
| Q1 2021 | 2.5x | Moderate |
RWAY's net debt is about 5.4 years of its operating earnings (EBITDA), up from 2.4 years a year ago. Net leverage isn't a meaningful measure for financial services companies like RWAY.
SOFI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.4x | Net Cash |
| Q2 2026 | -3.1x | Net Cash |
| Q1 2026 | -3.8x | Net Cash |
| Q4 2025 | -6.5x | Net Cash |
| Q3 2025 | -5.2x | Net Cash |
| Q2 2025 | -4.0x | Net Cash |
| Q1 2025 | -4.9x | Net Cash |
| Q4 2024 | -5.8x | Net Cash |
SOFI has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like SOFI.
RWAY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.9 | Neutral |
| Stochastic | 72.1 | Neutral |
RWAY's weekly RSI is 51 (neutral) and its Stochastic is 72 (neutral).
SOFI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.1 | Neutral |
| Stochastic | 41.5 | Neutral |
SOFI's weekly RSI is 43 (neutral) and its Stochastic is 41 (neutral).
RWAY PE vs Financial Services Sector
| Metric | RWAY | Sector median | Relative |
|---|---|---|---|
| PE | 42x | 13x | 220% above |
| PE % | 94 | 64 | 30 pts above |
RWAY is trading at 42x earnings, a 220% premium to the Financial Services sector's median of 13x.
SOFI PE vs Financial Services Sector
| Metric | SOFI | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 13x | 114% above |
| PE % | 2 | 61 | 59 pts below |
SOFI has the edge over RWAY on valuation relative to its sector.
RWAY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.55 | 1.7% above |
| 20 week MA | $6.33 | 5.2% above |
| 50 week MA | $7.06 | 5.7% below |
| 100 week MA | $8.74 | 24% below |
| 200 week MA | $10.4 | 36% below |
RWAY has the edge over SOFI on trend strength, trading above more of its moving averages.
SOFI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $15.7 | 0.7% below |
| 20 week MA | $17.0 | 7.8% below |
| 50 week MA | $18.9 | 17% below |
| 100 week MA | $18.9 | 17% below |
| 200 week MA | $13.5 | 16% above |
SOFI has fallen below most of its moving averages, though it's still 16% above its 200-week average.
RWAY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $12.5 | $13.4 | +7.3% |
| 2022 | $13.4 | $12.2 | -9.4% |
| 2023 | $12.2 | $12.6 | +3.6% |
| 2024 | $12.6 | $10.9 | -13% |
| 2025 | $10.9 | $8.93 | -18% |
| 2026 YTD | $8.93 | $6.66 | -25% |
RWAY has the edge over SOFI on returns for 2026, with the stronger performance.
SOFI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.4 | $12.4 | +19% |
| 2021 | $12.4 | $15.1 | +22% |
| 2022 | $15.1 | $4.61 | -69% |
| 2023 | $4.61 | $9.95 | +116% |
| 2024 | $9.95 | $16.0 | +61% |
| 2025 | $16.0 | $27.1 | +69% |
| 2026 YTD | $27.1 | $15.6 | -42% |
SOFI's yearly returns have swung widely, from +116% in 2023 to −69% in 2022. It's down 42% so far in 2026.