Nuveen Churchill Direct Lending (NCDL) Cash from Operations (2022 - 2026)

Nuveen Churchill Direct Lending (NCDL) reported Cash from Operations of 13738000.0 for Q1 2026, down 55.97% on a YoY basis from 31202760.19 in Q1 2025, and down 148.09% sequentially from 28567000.0 in Q4 2025.

Nuveen Churchill Direct Lending (NCDL) Cash from Operations (2022 - 2026) Analysis & Trends

Nuveen Churchill Direct Lending (NCDL) has 5 years of Cash from Operations data on file, last reported at 13738000.0 in Q1 2026.

  • For the quarter ending Q1 2026, Cash from Operations fell 55.97% year-over-year to 13738000.0; the trailing twelve-month figure through Mar 2026 stood at 189226000.0 (up 190.78% YoY), and the FY2025 full-year result was 194156000.0, up 165.33% from the prior year.
  • Cash from Operations declined to 13738000.0 in Q1 2026, from 28567000.0 in the prior quarter.
  • In the past five years, Cash from Operations ranged from a high of 137145000.0 in Q2 2025 to a low of 169361000.0 in Q2 2024.
  • A 5-year average of 53773411.76 and a median of 69446000.0 in 2022 frame the typical range for Cash from Operations.
  • Across the five-year window, Cash from Operations plunged 137.56% in 2024 and surged 188.13% in 2025, its largest moves.
  • Tracing NCDL's Cash from Operations over 5 years: stood at 88264000.0 in 2022, then slumped by 52.62% to 134708000.0 in 2023, then soared by 108.9% to 11987000.0 in 2024, then surged by 138.32% to 28567000.0 in 2025, then tumbled by 148.09% to 13738000.0 in 2026.
  • Business Quant data shows NCDL's Cash from Operations at 13738000.0 in Q1 2026, 28567000.0 in Q4 2025, and 37252000.0 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cash from Operations (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -
2 BlackRock 161.01 Bn 148.08 Bn - -980.00 Mn
3 Blackstone 97.77 Bn 96.72 Bn - 991.05 Mn
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 1.62 Bn
5 State Street 51.30 Bn 51.30 Bn - -12.14 Bn
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 459.00 Mn
7 Northern Trust 32.93 Bn 32.93 Bn - -320.00 Mn
8 Raymond James Financial 32.59 Bn 17.67 Bn - 1.10 Bn
9 Price T Rowe 24.70 Bn 21.13 Bn - 824.30 Mn
10 Nuveen Churchill Direct Lending 598.08 Mn 595.34 Mn - -13.74 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -13.74 Mn
Mar 31, 2026 -13.74 Mn
Dec 31, 2025 28.57 Mn
Dec 31, 2025 28.57 Mn
Sep 30, 2025 37.25 Mn
Sep 30, 2025 37.25 Mn
Jun 30, 2025 137.15 Mn
Jun 30, 2025 137.15 Mn
Mar 31, 2025 -8.81 Mn
Mar 31, 2025 -8.81 Mn
Dec 31, 2024 11.99 Mn
Dec 31, 2024 11.99 Mn
Sep 30, 2024 -42.27 Mn
Sep 30, 2024 -42.27 Mn
Jun 30, 2024 -169.36 Mn
Jun 30, 2024 -169.36 Mn
Mar 31, 2024 -97.56 Mn
Mar 31, 2024 -97.56 Mn
Dec 31, 2023 -134.71 Mn
Dec 31, 2023 -134.71 Mn