Morgan Stanley Direct Lending Fund (MSDL) Net Income (2022 - 2026)

Morgan Stanley Direct Lending Fund (MSDL) has 5 years of Net Income data on file, last reported at -$30.0 million in Q1 2026.

• Quarterly 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.
• 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, 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 Net Income is $16.2 million (2022), against an average of $14.9 million.
• The widest annual swing landed in 2023, when Net Income jumped 86.2%; it then tumbled 349.33% in 2026.
• Tracing MSDL's 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 Net Income figures stand at -$30.0 million (Q1 2026), $9.1 million (Q4 2025), and $9.8 million (Q3 2025).

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