Morgan Stanley Direct Lending Fund (MSDL) Free Cash Flow (2022 - 2026)

Morgan Stanley Direct Lending Fund (MSDL) has 5 years of Free Cash Flow data on file, last reported at $86.3 million in Q1 2026.

• On a quarterly basis, Free Cash Flow rose 153.19% year-over-year to $86.3 million in Q1 2026; TTM through Mar 2026 was $203.1 million, a 168.92% increase from a year earlier, with the FY2025 full-year figure at $150.9 million, up 139.45% from the prior year.
• Free Cash Flow for Q1 2026 stood at $86.3 million, up from $53.8 million in the prior quarter.
• Over the last five years, Free Cash Flow for MSDL reached as high as $86.3 million in Q1 2026 and fell as low as -$132.6 million in Q2 2022.
• Historically, Free Cash Flow has averaged -$38.8 million across 5 years, with a median of -$53.7 million in 2024.
• Across the five-year window, Free Cash Flow sank 1295.0% in 2024 and surged 163.56% in 2025, its largest moves.
• Year by year, Free Cash Flow stood at -$54.3 million in 2022, then soared by 142.22% to $22.9 million in 2023, then plunged by 558.31% to -$105.2 million in 2024, then soared by 151.12% to $53.8 million in 2025, then surged by 60.63% to $86.3 million in 2026.
• Per Business Quant data, the three most recent Free Cash Flow figures were $86.3 million in Q1 2026, $53.8 million in Q4 2025, and $39.0 million in Q3 2025.