Nuveen Churchill Direct Lending (NCDL) Non Operating Investment Income (2022 - 2026)
Nuveen Churchill Direct Lending's (NCDL) quarterly Non Operating Investment Income came in at -$6.0 million in Q2 2026, down 260.37% year-over-year from $3.8 million in Q2 2025, and up 22.62% quarter-over-quarter from -$7.8 million in Q1 2026.
Analysis
Nuveen Churchill Direct Lending (NCDL) Non Operating Investment Income (2022 - 2026) Analysis & Trends
Nuveen Churchill Direct Lending has disclosed Non Operating Investment Income across 5 years of filings, most recently posting -$6.0 million for Q2 2026.
- In Q2 2026, Non Operating Investment Income fell 260.37% year-over-year to -$6.0 million; the TTM figure through Jun 2026 stood at -$25.6 million (down 563.34% YoY), while the FY2025 annual figure was -$21.6 million, down 395.9% from the prior year.
- Non Operating Investment Income came in at -$6.0 million for Q2 2026 at Nuveen Churchill Direct Lending, up from -$7.8 million in the prior quarter.
- In the past five years, Non Operating Investment Income ranged from a high of $11.6 million in Q3 2023 to a low of -$13.6 million in Q1 2025.
- Average Non Operating Investment Income over 5 years is -$3.1 million, with a median of -$5.1 million recorded in 2022.
- Year-over-year, Non Operating Investment Income surged 295.37% in 2023 and sank 434.56% in 2025.
- Over 5 years, Non Operating Investment Income stood at -$7.1 million in 2022, then jumped by 163.67% to $4.5 million in 2023, then soared by 149.66% to $11.3 million in 2024, then sank by 166.6% to -$7.5 million in 2025, then gained by 19.54% to -$6.0 million in 2026.
- Per Business Quant data, the three most recent Non Operating Investment Income figures were -$6.0 million in Q2 2026, -$7.8 million in Q1 2026, and -$7.5 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Investment Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.09 Bn | 13.71 Bn | - | -5.00 Mn |
| 2 | Blackstone Secured Lending Fund | 5.70 Bn | 5.43 Bn | - | -27.80 Mn |
| 3 | Blue Owl Capital | 5.49 Bn | 5.26 Bn | - | -95.51 Mn |
| 4 | Main Street Capital | 5.24 Bn | 5.18 Bn | - | 32.22 Mn |
| 5 | Blue Owl Technology Finance | 4.97 Bn | 4.76 Bn | - | 34.72 Mn |
| 6 | Hercules Capital | 4.62 Bn | 4.57 Bn | - | 29.57 Mn |
| 7 | FS KKR Capital | 3.35 Bn | 3.25 Bn | - | -116.00 Mn |
| 8 | Golub Capital Bdc | 3.32 Bn | 3.27 Bn | - | -8.39 Mn |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -128.99 Mn | - | -56.65 Mn |
| 10 | Nuveen Churchill Direct Lending | 600.05 Mn | 559.29 Mn | - | -6.05 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -6.05 Mn |
| Mar 31, 2026 | -7.81 Mn |
| Dec 31, 2025 | -7.51 Mn |
| Sep 30, 2025 | -4.25 Mn |
| Jun 30, 2025 | 3.77 Mn |
| Mar 31, 2025 | -13.57 Mn |
| Dec 31, 2024 | 11.28 Mn |
| Sep 30, 2024 | 4.05 Mn |
| Jun 30, 2024 | -12.10 Mn |
| Mar 31, 2024 | 4.06 Mn |
| Dec 31, 2023 | 4.52 Mn |
| Sep 30, 2023 | 11.57 Mn |
| Jun 30, 2023 | -4.24 Mn |
| Mar 31, 2023 | -11.14 Mn |
| Dec 31, 2022 | -7.10 Mn |
| Sep 30, 2022 | -5.92 Mn |
| Jun 30, 2022 | -12.51 Mn |
| Mar 31, 2022 | -2.38 Mn |