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| Date | Value |
|---|---|
| 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 |