Growth Metrics

Morgan Stanley Direct Lending Fund (MSDL) EBITDA (2022 - 2025)

Morgan Stanley Direct Lending Fund (MSDL) has disclosed EBITDA for 4 consecutive years, with $44.0 million as the latest value for Q4 2025.

  • Quarterly EBITDA fell 14.96% to $44.0 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $178.8 million through Dec 2025, down 19.68% year-over-year, with the annual reading at $178.8 million for FY2025, 19.68% down from the prior year.
  • EBITDA for Q4 2025 was $44.0 million at Morgan Stanley Direct Lending Fund, roughly flat from $44.1 million in the prior quarter.
  • The five-year high for EBITDA was $59.2 million in Q3 2024, with the low at $26.5 million in Q1 2022.
  • Average EBITDA over 4 years is $45.6 million, with a median of $45.5 million recorded in 2023.
  • The sharpest move saw EBITDA soared 66.79% in 2023, then decreased 25.49% in 2025.
  • Over 4 years, EBITDA stood at $38.6 million in 2022, then soared by 47.62% to $57.0 million in 2023, then dropped by 9.22% to $51.7 million in 2024, then dropped by 14.96% to $44.0 million in 2025.
  • According to Business Quant data, EBITDA over the past three periods came in at $44.0 million, $44.1 million, and $43.9 million for Q4 2025, Q3 2025, and Q2 2025 respectively.