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

Morgan Stanley Direct Lending Fund (MSDL) reported Net Income towards Common Stockholders of -$30.0 million for Q1 2026, down 349.33% year-over-year from $12.0 million in Q1 2025, and down 431.33% quarter-over-quarter from $9.1 million in Q4 2025.

Morgan Stanley Direct Lending Fund (MSDL) Net Income towards Common Stockholders (2022 - 2026) Analysis & Trends

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

  • Net Income towards Common Stockholders for Q1 2026 came in at -$30.0 million, down 349.33% year-over-year; the trailing twelve-month figure through Mar 2026 was -$2.2 million (down 102.68% YoY), and the FY2025 annual result was $39.9 million, down 59.0% from the prior year.
  • Net Income towards Common Stockholders eased to -$30.0 million in Q1 2026 per MSDL's latest filing, from $9.1 million in the prior quarter.
  • Over five years, Net Income towards Common Stockholders peaked at $27.4 million in Q1 2024 and troughed at -$30.0 million in Q1 2026.
  • A 5-year average of $14.9 million and a median of $16.2 million in 2022 frame the typical range for Net Income towards Common Stockholders.
  • The sharpest annual moves came in 2023 and 2026: Net Income towards Common Stockholders soared 86.2% in 2023, then sank 349.33% in 2026.
  • A 5-year view of Net Income towards Common Stockholders shows it stood at $14.2 million in 2022, then soared by 86.2% to $26.4 million in 2023, then plunged by 33.52% to $17.5 million in 2024, then tumbled by 48.25% to $9.1 million in 2025, then slumped by 431.33% to -$30.0 million in 2026.
  • Business Quant data shows MSDL's Net Income towards Common Stockholders at -$30.0 million in Q1 2026, $9.1 million in Q4 2025, and $9.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Income (Qtr)
1 BlackRock 160.20 Bn 150.57 Bn - 2.33 Bn
2 Blackstone 96.40 Bn 95.35 Bn - 1.26 Bn
3 Kkr 85.87 Bn 133.39 Bn - 364.80 Mn
4 Apollo Global Management 79.90 Bn 98.63 Bn 5.04 Bn -1.93 Bn
5 State Street 46.62 Bn 20.95 Bn - 705.00 Mn
6 Ameriprise Financial 42.78 Bn 42.65 Bn 4.57 Bn 915.00 Mn
7 Northern Trust 32.35 Bn 32.35 Bn - 509.30 Mn
8 Ares Management 30.25 Bn 33.62 Bn - 117.28 Mn
9 Raymond James Financial 30.24 Bn 18.99 Bn - 542.00 Mn
10 Morgan Stanley Direct Lending Fund - - - -30.04 Mn

Historic Data

Download Data
DateValue
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