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

Nuveen Churchill Direct Lending's (NCDL) quarterly Change in Cash came in at -$12.1 million in Q1 2026, down 305.67% year-on-year from $5.9 million in Q1 2025, and down 174.81% quarter-over-quarter from $16.1 million in Q4 2025.

Nuveen Churchill Direct Lending (NCDL) Change in Cash (2022 - 2026) Analysis & Trends

Nuveen Churchill Direct Lending has disclosed Change in Cash across 5 years of filings, most recently posting -$12.1 million for Q1 2026.

  • Change in Cash for Q1 2026 came in at -$12.1 million, down 305.67% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.2 million (up 108.14% YoY), and the FY2025 annual result was $19.2 million, up 179.44% from the prior year.
  • Change in Cash came in at -$12.1 million for Q1 2026 at Nuveen Churchill Direct Lending, down from $16.1 million in the prior quarter.
  • In the past five years, Change in Cash ranged from a high of $31.4 million in Q4 2023 to a low of -$26.0 million in Q4 2024.
  • The 5-year median for Change in Cash is $1.8 million (2022), against an average of $892000.0.
  • Peak annual rise in Change in Cash reached 1689.52% in 2023, while the deepest fall reached 308.24% in 2023.
  • Nuveen Churchill Direct Lending's Change in Cash stood at $1.8 million in 2022, then jumped by 1689.52% to $31.4 million in 2023, then slumped by 182.9% to -$26.0 million in 2024, then soared by 161.99% to $16.1 million in 2025, then tumbled by 174.81% to -$12.1 million in 2026.
  • The last three Change in Cash figures came in at -$12.1 million (Q1 2026), $16.1 million (Q4 2025), and $2.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Cash (Qtr)
1 BlackRock 160.20 Bn 150.57 Bn - -1.63 Bn
2 Blackstone 96.40 Bn 95.35 Bn - -144.24 Mn
3 Kkr 85.87 Bn 133.39 Bn - 2.33 Bn
4 Apollo Global Management 79.90 Bn 98.63 Bn 5.04 Bn 3.16 Bn
5 State Street 46.62 Bn 20.95 Bn - 2.09 Bn
6 Ameriprise Financial 42.78 Bn 42.65 Bn 4.57 Bn -1.77 Bn
7 Northern Trust 32.35 Bn 32.35 Bn - -57.10 Mn
8 Ares Management 30.25 Bn 33.62 Bn - 79.88 Mn
9 Raymond James Financial 30.24 Bn 18.99 Bn - 1.39 Bn
10 Nuveen Churchill Direct Lending 631.66 Mn 621.42 Mn - -12.08 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -12.08 Mn
Dec 31, 2025 16.15 Mn
Sep 30, 2025 2.33 Mn
Jun 30, 2025 -5.17 Mn
Mar 31, 2025 5.87 Mn
Dec 31, 2024 -26.05 Mn
Sep 30, 2024 -1.68 Mn
Jun 30, 2024 6.84 Mn
Mar 31, 2024 -3.25 Mn
Dec 31, 2023 31.42 Mn
Sep 30, 2023 -9.48 Mn
Jun 30, 2023 -4.12 Mn
Mar 31, 2023 10.30 Mn
Dec 31, 2022 1.76 Mn
Sep 30, 2022 4.55 Mn
Jun 30, 2022 9.62 Mn
Mar 31, 2022 -11.84 Mn