Nuveen Churchill Direct Lending (NCDL) Retained Earnings (2022 - 2026)
Nuveen Churchill Direct Lending (NCDL) posted Retained Earnings of $930.4 million for Q1 2026, up 1770.15% sequentially from -$55.7 million in Q4 2025, and down 3.01% YoY from $959.3 million in Q1 2025.
Nuveen Churchill Direct Lending (NCDL) Retained Earnings (2022 - 2026) Analysis & Trends
Nuveen Churchill Direct Lending has reported Retained Earnings for 5 years, with the latest figure at $930.4 million in Q1 2026.
- Quarterly Retained Earnings fell 3.01% year-over-year to $930.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $930.4 million (down 3.01% YoY) and the FY2025 annual result came in at -$55.7 million, down 105.59% from the prior year.
- Retained Earnings improved to $930.4 million in Q1 2026 per NCDL's latest filing, from -$55.7 million in the prior quarter.
- Over five years, Retained Earnings peaked at $1.0 billion in Q1 2024 and troughed at -$55.7 million in Q4 2025.
- A 5-year average of $397.9 million and a median of -$25.6 million in 2022 frame the typical range for Retained Earnings.
- The sharpest annual moves came in 2024 and 2025: Retained Earnings jumped 3506.57% in 2024, then sank 105.59% in 2025.
- Over 5 years, Retained Earnings stood at -$23.9 million in 2022, then decreased by 22.21% to -$29.2 million in 2023, then surged by 3506.57% to $996.3 million in 2024, then tumbled by 105.59% to -$55.7 million in 2025, then surged by 1770.15% to $930.4 million in 2026.
- According to Business Quant data, Retained Earnings over the past three periods registered $930.4 million, -$55.7 million, and -$49.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.54 Bn | 165.67 Bn | - | 40.21 Bn |
| 2 | Blackstone | 114.83 Bn | 112.32 Bn | - | -18.65 Mn |
| 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 | - | -950.00 Mn |
| 6 | Apollo Global Management | 78.41 Bn | 53.04 Bn | 10.54 Bn | 16.67 Bn |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - | - |
| 8 | Ameriprise Financial | 51.12 Bn | 40.07 Bn | 4.72 Bn | 29.38 Bn |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - | 14.98 Bn |
| 10 | Nuveen Churchill Direct Lending | 606.47 Mn | 565.71 Mn | - | 930.39 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 930.39 Mn |
| Mar 31, 2026 | 930.39 Mn |
| Dec 31, 2025 | -55.71 Mn |
| Sep 30, 2025 | -49.59 Mn |
| Jun 30, 2025 | 933.27 Mn |
| Mar 31, 2025 | 959.25 Mn |
| Dec 31, 2024 | 996.29 Mn |
| Sep 30, 2024 | -27.19 Mn |
| Jun 30, 2024 | 1.02 Bn |
| Mar 31, 2024 | 1.02 Bn |
| Dec 31, 2023 | -29.25 Mn |
| Sep 30, 2023 | -35.28 Mn |
| Jun 30, 2023 | -35.86 Mn |
| Mar 31, 2023 | -33.06 Mn |
| Dec 31, 2022 | -23.93 Mn |