Nuveen Churchill Direct Lending (NCDL) Change in Accured Expenses (2022 - 2026)

Nuveen Churchill Direct Lending recorded quarterly Change in Accured Expenses of -$7.0 million in Q1 2026, down 259.14% quarter-over-quarter from $4.4 million in Q4 2025, and down 11498.33% year-over-year from N/an in Q1 2025.

Nuveen Churchill Direct Lending's Change in Accured Expenses history runs 5 years deep, the most recent figure standing at -$7.0 million for Q1 2026.

  • In Q1 2026, Change in Accured Expenses fell 11498.33% year-over-year to -$7.0 million; the TTM figure through Mar 2026 stood at -$4.5 million (down 351.73% YoY), while the FY2025 annual figure was $2.4 million, down 23.87% from the prior year.
  • Change in Accured Expenses came in at -$7.0 million for Q1 2026 at Nuveen Churchill Direct Lending, down from $4.4 million in the prior quarter.
  • In the past five years, Change in Accured Expenses ranged from a high of $7.2 million in Q2 2025 to a low of -$9.2 million in Q3 2025.
  • A 5-year average of $323470.6 and a median of $252000.0 in 2022 frame the typical range for Change in Accured Expenses.
  • On a YoY basis, Change in Accured Expenses climbed as much as 739.26% in 2025 and fell as far as 15116.39% in 2025.
  • Nuveen Churchill Direct Lending's Change in Accured Expenses stood at $1.1 million in 2022, then tumbled by 437.27% to -$3.6 million in 2023, then jumped by 181.18% to $2.9 million in 2024, then soared by 49.56% to $4.4 million in 2025, then slumped by 259.14% to -$7.0 million in 2026.
  • According to Business Quant data, Change in Accured Expenses over the past three periods registered -$7.0 million, $4.4 million, and -$9.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Accured Expenses (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 3.47 Bn
2 Blackstone 92.68 Bn 91.63 Bn - -709.73 Mn
3 Kkr 84.94 Bn 132.45 Bn - 8.03 Mn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - -
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn -
6 State Street 44.42 Bn 18.75 Bn - 1.63 Bn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn -467.00 Mn
8 Northern Trust 31.21 Bn 31.21 Bn - 28.60 Mn
9 Ares Management 28.85 Bn 32.22 Bn - -
10 Nuveen Churchill Direct Lending 661.29 Mn 651.05 Mn - -6.96 Mn

Historic Data

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DateValue
Mar 31, 2026 -6.96 Mn
Mar 31, 2026 -6.96 Mn
Dec 31, 2025 4.37 Mn
Dec 31, 2025 4.37 Mn
Sep 30, 2025 -9.16 Mn
Sep 30, 2025 -9.16 Mn
Jun 30, 2025 7.23 Mn
Jun 30, 2025 7.23 Mn
Mar 31, 2025 -60,000.00
Mar 31, 2025 -60,000.00
Dec 31, 2024 2.92 Mn
Dec 31, 2024 2.92 Mn
Sep 30, 2024 61,000.00
Sep 30, 2024 61,000.00
Jun 30, 2024 -1.13 Mn
Jun 30, 2024 -1.13 Mn
Mar 31, 2024 1.28 Mn
Mar 31, 2024 1.28 Mn
Dec 31, 2023 -3.60 Mn
Dec 31, 2023 -3.60 Mn
Sep 30, 2023 3.47 Mn
Sep 30, 2023 3.47 Mn
Jun 30, 2023 -1.01 Mn
Jun 30, 2023 -1.01 Mn
Mar 31, 2023 1.35 Mn
Mar 31, 2023 1.35 Mn
Dec 31, 2022 1.07 Mn
Dec 31, 2022 1.07 Mn
Sep 30, 2022 5.19 Mn
Sep 30, 2022 5.19 Mn
Jun 30, 2022 252,000.00
Jun 30, 2022 252,000.00
Mar 31, 2022 226,000.00
Mar 31, 2022 226,000.00