Morgan Stanley Direct Lending Fund (MSDL) Retained Earnings (2022 - 2026)
Morgan Stanley Direct Lending Fund (MSDL) posted quarterly Retained Earnings of -$62.5 million for Q1 2026, down 103.47% year-over-year from $1.8 billion in Q1 2025, and down 218.71% quarter-over-quarter from -$19.6 million in Q4 2025.
Morgan Stanley Direct Lending Fund (MSDL) Retained Earnings (2022 - 2026) Analysis & Trends
Morgan Stanley Direct Lending Fund (MSDL) has reported Retained Earnings for 5 consecutive years, with -$62.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Retained Earnings fell 103.47% year-over-year to -$62.5 million; the TTM figure through Mar 2026 stood at -$62.5 million (down 103.47% YoY), while the FY2025 annual figure was -$19.6 million, down 166.23% from the prior year.
- Retained Earnings slipped to -$62.5 million in Q1 2026 per MSDL's latest filing, from -$19.6 million in the prior quarter.
- Across five years, Retained Earnings topped out at $1.8 billion in Q2 2024 and bottomed at -$62.5 million in Q3 2025.
- Historically, Retained Earnings has averaged $586.6 million across 5 years, with a median of $22.7 million in 2024.
- On a YoY basis, Retained Earnings climbed as much as 11383.4% in 2025 and fell as far as 309.84% in 2025.
- Morgan Stanley Direct Lending Fund's Retained Earnings stood at -$54.8 million in 2022, then soared by 115.44% to $8.5 million in 2023, then jumped by 250.21% to $29.6 million in 2024, then tumbled by 166.23% to -$19.6 million in 2025, then slumped by 218.71% to -$62.5 million in 2026.
- Business Quant data shows MSDL's Retained Earnings at -$62.5 million in Q1 2026, -$19.6 million in Q4 2025, and -$62.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.73 Bn | 165.86 Bn | - | 40.21 Bn |
| 2 | Blackstone | 115.71 Bn | 113.20 Bn | - | -18.65 Mn |
| 3 | Kkr | 98.07 Bn | -179.00 Bn | - | - |
| 4 | Brookfield | 93.78 Bn | 46.38 Bn | - | - |
| 5 | Brookfield Asset Management | 84.02 Bn | 82.51 Bn | - | -950.00 Mn |
| 6 | Apollo Global Management | 79.25 Bn | 53.88 Bn | 10.54 Bn | 16.67 Bn |
| 7 | State Street | 51.52 Bn | 51.52 Bn | - | - |
| 8 | Ameriprise Financial | 51.31 Bn | 40.27 Bn | 4.72 Bn | 29.38 Bn |
| 9 | Northern Trust | 34.14 Bn | 34.14 Bn | - | 17.71 Bn |
| 10 | Morgan Stanley Direct Lending Fund | 1.31 Bn | 1.23 Bn | - | 1.74 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.74 Bn |
| Mar 31, 2026 | -62.53 Mn |
| Dec 31, 2025 | -19.62 Mn |
| Sep 30, 2025 | -62.53 Mn |
| Jun 30, 2025 | 1.78 Bn |
| Mar 31, 2025 | 1.80 Bn |
| Dec 31, 2024 | 29.62 Mn |
| Sep 30, 2024 | 29.80 Mn |
| Jun 30, 2024 | 1.83 Bn |
| Mar 31, 2024 | 15.70 Mn |
| Dec 31, 2023 | 8.46 Mn |
| Sep 30, 2023 | 1.48 Bn |
| Jun 30, 2023 | -30.67 Mn |
| Mar 31, 2023 | 1.46 Bn |
| Dec 31, 2022 | -54.78 Mn |