Nuveen Churchill Direct Lending (NCDL) Other Operating Expenses (2022 - 2026)
Nuveen Churchill Direct Lending (NCDL) recorded Other Operating Expenses of $1.01 million in Q2 2026, down 9.1% from $1.11 million a year earlier but up 32.0% from the prior quarter.
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Analysis
Nuveen Churchill Direct Lending (NCDL) Other Operating Expenses (2022 - 2026) Analysis & Trends
On a TTM basis, Nuveen Churchill Direct Lending's Other Operating Expenses came in at -$164,000 as of Jun 30, 2026; for FY2025, it was $3.15 million, up 1.5% from FY2024.
- Annual Other Operating Expenses has a four-year compound annual growth rate of 24.3% (FY2021 to FY2025).
- Across earlier years, Other Operating Expenses came in at $3.1 million in FY2024 (-10.3%), $3.46 million in FY2023 (+90.8%), $1.81 million in FY2022 (+37.6%) and $1.32 million in FY2021.
- Quarterly Other Operating Expenses has ranged from -$5.23 million in Q4 2025 to $4.46 million in Q1 2024 over the past five years.
- On a year-over-year basis, Other Operating Expenses rose in four of the last seven quarters, with growth averaging 38.5%.
- Peak year-over-year performance for Other Operating Expenses in the last five years was growth of 655.8% in Q1 2024, against a decline of 88.9% in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $763,000 (Q1 2026), -$5.23 million (Q4 2025) and $3.29 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - |
| 10 | Nuveen Churchill Direct Lending | 555.60 Mn | 555.60 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.01 Mn |
| Mar 31, 2026 | 763,000.00 |
| Dec 31, 2025 | -5.23 Mn |
| Sep 30, 2025 | 3.29 Mn |
| Jun 30, 2025 | 1.11 Mn |
| Mar 31, 2025 | 493,000.00 |
| Dec 31, 2024 | 785,000.00 |
| Sep 30, 2024 | 912,000.00 |
| Jun 30, 2024 | 693,000.00 |
| Mar 31, 2024 | 4.46 Mn |
| Dec 31, 2023 | 1.17 Mn |
| Sep 30, 2023 | 730,000.00 |
| Jun 30, 2023 | 964,000.00 |
| Mar 31, 2023 | 590,000.00 |
| Dec 31, 2022 | 1.07 Mn |
| Sep 30, 2022 | 332,000.00 |
| Jun 30, 2022 | 264,000.00 |
| Mar 31, 2022 | 181,000.00 |
API Access
Nuveen Churchill Direct Lending Other Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=other-operating-expenses&ticker=NCDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-operating-expenses", "ticker": "NCDL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=other-operating-expenses&ticker=NCDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();