Nuveen Churchill Direct Lending (NCDL) Net Cash Flow (2022 - 2026)

Nuveen Churchill Direct Lending (NCDL) reported Net Cash Flow of -$12.1 million for Q1 2026, down 305.67% on a YoY basis from $5.9 million in Q1 2025, and down 174.81% sequentially from $16.1 million in Q4 2025.

Nuveen Churchill Direct Lending (NCDL) Net Cash Flow (2022 - 2026) Analysis & Trends

Nuveen Churchill Direct Lending (NCDL) has 5 years of Net Cash Flow data on file, last reported at -$12.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Net Cash Flow fell 305.67% year-over-year to -$12.1 million; the trailing twelve-month figure through Mar 2026 stood at $1.2 million (up 108.14% YoY), and the FY2025 full-year result was $19.2 million, up 179.44% from the prior year.
  • Net Cash Flow fell to -$12.1 million in Q1 2026, from $16.1 million in the prior quarter.
  • In the past five years, Net Cash Flow ranged from a high of $31.4 million in Q4 2023 to a low of -$26.0 million in Q4 2024.
  • A 5-year average of $892000.0 and a median of $1.8 million in 2022 frame the typical range for Net Cash Flow.
  • Peak annual rise in Net Cash Flow reached 1689.52% in 2023, while the deepest fall reached 308.24% in 2023.
  • Tracing NCDL's Net Cash Flow over 5 years: stood at $1.8 million in 2022, then soared by 1689.52% to $31.4 million in 2023, then tumbled by 182.9% to -$26.0 million in 2024, then surged by 161.99% to $16.1 million in 2025, then plunged by 174.81% to -$12.1 million in 2026.
  • Business Quant data shows NCDL's Net Cash Flow at -$12.1 million in Q1 2026, $16.1 million in Q4 2025, and $2.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Cash Flow (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -
2 BlackRock 161.01 Bn 148.08 Bn - -1.56 Bn
3 Blackstone 97.77 Bn 96.72 Bn - -136.30 Mn
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 3.16 Bn
5 State Street 51.30 Bn 51.30 Bn - 2.09 Bn
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn -1.76 Bn
7 Northern Trust 32.93 Bn 32.93 Bn - 43.20 Mn
8 Raymond James Financial 32.59 Bn 17.67 Bn - 1.45 Bn
9 Price T Rowe 24.70 Bn 21.13 Bn - 381.90 Mn
10 Nuveen Churchill Direct Lending 598.08 Mn 595.34 Mn - -12.08 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -12.08 Mn
Mar 31, 2026 -12.08 Mn
Dec 31, 2025 16.15 Mn
Dec 31, 2025 16.15 Mn
Sep 30, 2025 2.33 Mn
Sep 30, 2025 2.33 Mn
Jun 30, 2025 -5.17 Mn
Jun 30, 2025 -5.17 Mn
Mar 31, 2025 5.87 Mn
Mar 31, 2025 5.87 Mn
Dec 31, 2024 -26.05 Mn
Dec 31, 2024 -26.05 Mn
Sep 30, 2024 -1.68 Mn
Sep 30, 2024 -1.68 Mn
Jun 30, 2024 6.84 Mn
Jun 30, 2024 6.84 Mn
Mar 31, 2024 -3.25 Mn
Mar 31, 2024 -3.25 Mn
Dec 31, 2023 31.42 Mn
Dec 31, 2023 31.42 Mn