Nuveen Churchill Direct Lending (NCDL) Other Operating Expenses (2022 - 2026)
Nuveen Churchill Direct Lending (NCDL) posted Other Operating Expenses of $25.8 million for Q1 2026, down 5.74% sequentially from $27.4 million in Q4 2025, and down 7.9% YoY from $28.0 million in Q1 2025.
Nuveen Churchill Direct Lending (NCDL) Other Operating Expenses (2022 - 2026) Analysis & Trends
Nuveen Churchill Direct Lending has reported Other Operating Expenses for 5 years, with the latest figure at $25.8 million in Q1 2026.
- Quarterly Other Operating Expenses fell 7.9% year-over-year to $25.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $112.2 million (down 6.05% YoY) and the FY2025 annual result came in at $114.5 million, down 2.57% from the prior year.
- Other Operating Expenses declined to $25.8 million in Q1 2026 per NCDL's latest filing, from $27.4 million in the prior quarter.
- Over five years, Other Operating Expenses peaked at $34.1 million in Q3 2024 and troughed at $5.0 million in Q1 2022.
- A 5-year average of $21.8 million and a median of $25.8 million in 2026 frame the typical range for Other Operating Expenses.
- The sharpest annual moves came in 2023 and 2025: Other Operating Expenses surged 218.71% in 2023, then slipped 14.62% in 2025.
- Over 5 years, Other Operating Expenses stood at $15.0 million in 2022, then soared by 52.96% to $23.0 million in 2023, then surged by 33.3% to $30.6 million in 2024, then slipped by 10.46% to $27.4 million in 2025, then fell by 5.74% to $25.8 million in 2026.
- According to Business Quant data, Other Operating Expenses over the past three periods registered $25.8 million, $27.4 million, and $29.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | BlackRock | 179.54 Bn | 165.67 Bn | - |
| 2 | Blackstone | 114.83 Bn | 112.32 Bn | - |
| 3 | Kkr | 97.26 Bn | -179.81 Bn | - |
| 4 | Brookfield | 93.07 Bn | 45.66 Bn | - |
| 5 | Brookfield Asset Management | 83.46 Bn | 81.96 Bn | - |
| 6 | Apollo Global Management | 78.41 Bn | 53.04 Bn | 10.54 Bn |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - |
| 8 | Ameriprise Financial | 51.12 Bn | 40.07 Bn | 4.72 Bn |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - |
| 10 | Nuveen Churchill Direct Lending | 606.47 Mn | 565.71 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 23.89 Mn |
| Mar 31, 2026 | 25.83 Mn |
| Dec 31, 2025 | 27.40 Mn |
| Sep 30, 2025 | 29.15 Mn |
| Jun 30, 2025 | 29.87 Mn |
| Mar 31, 2025 | 28.05 Mn |
| Dec 31, 2024 | 30.60 Mn |
| Sep 30, 2024 | 34.14 Mn |
| Jun 30, 2024 | 26.69 Mn |
| Mar 31, 2024 | 26.04 Mn |
| Dec 31, 2023 | 22.96 Mn |
| Sep 30, 2023 | 19.97 Mn |
| Jun 30, 2023 | 18.18 Mn |
| Mar 31, 2023 | 16.04 Mn |
| Dec 31, 2022 | 15.01 Mn |
| Sep 30, 2022 | 9.90 Mn |
| Jun 30, 2022 | 6.52 Mn |
| Mar 31, 2022 | 5.03 Mn |