Morgan Stanley Direct Lending Fund (MSDL) EBITDA (2022 - 2026)

Morgan Stanley Direct Lending Fund (MSDL) has reported EBITDA for 5 consecutive years, with $39.0 million the latest figure, recorded in Q2 2026.

• On a quarterly basis, EBITDA fell 11.17% year-over-year to $39.0 million in Q2 2026; TTM through Jun 2026 was $168.4 million, a 16.48% decrease from a year earlier, with the FY2025 full-year figure at $178.8 million, down 19.68% from the prior year.
• EBITDA was $39.0 million for Q2 2026 at Morgan Stanley Direct Lending Fund, down from $41.3 million in the prior quarter.
• Over five years, EBITDA peaked at $59.2 million in Q3 2024 and troughed at $26.5 million in Q1 2022.
• A 5-year average of $45.0 million and a median of $44.2 million in 2023 frame the typical range for EBITDA.
• Across the five-year window, EBITDA jumped 66.79% in 2023 and fell 25.49% in 2025, its largest moves.
• Over 5 years, EBITDA stood at $38.6 million in 2022, then soared by 47.62% to $57.0 million in 2023, then retreated by 9.22% to $51.7 million in 2024, then retreated by 14.96% to $44.0 million in 2025, then slipped by 11.45% to $39.0 million in 2026.
• The last three EBITDA figures came in at $39.0 million (Q2 2026), $41.3 million (Q1 2026), and $44.0 million (Q4 2025), per Business Quant data.