Morgan Stanley Direct Lending Fund (MSDL) Consolidated Net Income (2022 - 2026)
Morgan Stanley Direct Lending Fund (MSDL) reported Consolidated Net Income of -$30.0 million for Q1 2026, down 349.33% year-over-year from $12.0 million in Q1 2025, and down 431.33% on a QoQ basis from $9.1 million in Q4 2025.
Morgan Stanley Direct Lending Fund (MSDL) has 5 years of Consolidated Net Income data on file, last reported at -$30.0 million in Q1 2026.
- Quarterly Consolidated Net Income fell 349.33% year-over-year to -$30.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$2.2 million (down 102.68% YoY) and the FY2025 annual result came in at $39.9 million, down 59.0% from the prior year.
- Consolidated Net Income declined to -$30.0 million in Q1 2026 per MSDL's latest filing, from $9.1 million in the prior quarter.
- Across five years, Consolidated Net Income topped out at $27.4 million in Q1 2024 and bottomed at -$30.0 million in Q1 2026.
- The 5-year median for Consolidated Net Income is $16.2 million (2022), against an average of $14.9 million.
- The widest annual swing landed in 2023, when Consolidated Net Income jumped 86.2%; it then tumbled 349.33% in 2026.
- Tracing MSDL's Consolidated Net Income over 5 years: stood at $14.2 million in 2022, then jumped by 86.2% to $26.4 million in 2023, then slumped by 33.52% to $17.5 million in 2024, then sank by 48.25% to $9.1 million in 2025, then plunged by 431.33% to -$30.0 million in 2026.
- Per Business Quant, the three latest MSDL Consolidated Net Income figures stand at -$30.0 million (Q1 2026), $9.1 million (Q4 2025), and $9.8 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Consol Net Inc. (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 2.33 Bn |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 1.26 Bn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 277.51 Mn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 586.00 Mn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | -1.41 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 764.00 Mn |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 915.00 Mn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 525.50 Mn |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 253.05 Mn |
| 10 | Morgan Stanley Direct Lending Fund | - | - | - | -30.04 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -30.04 Mn |
| Dec 31, 2025 | 9.07 Mn |
| Sep 30, 2025 | 9.83 Mn |
| Jun 30, 2025 | 8.95 Mn |
| Mar 31, 2025 | 12.05 Mn |
| Dec 31, 2024 | 17.52 Mn |
| Sep 30, 2024 | 25.58 Mn |
| Jun 30, 2024 | 26.82 Mn |
| Mar 31, 2024 | 27.39 Mn |
| Dec 31, 2023 | 26.36 Mn |
| Sep 30, 2023 | 20.89 Mn |
| Jun 30, 2023 | 19.89 Mn |
| Mar 31, 2023 | 17.56 Mn |
| Dec 31, 2022 | 14.16 Mn |
| Sep 30, 2022 | 15.21 Mn |
| Jun 30, 2022 | 15.63 Mn |
| Mar 31, 2022 | 16.17 Mn |