Nuveen Churchill Direct Lending (NCDL) Retained Earnings (2022 - 2026)

Nuveen Churchill Direct Lending (NCDL) reported Retained Earnings of $930.4 million for Q1 2026, down 3.01% on a YoY basis from $959.3 million in Q1 2025, and up 1770.15% sequentially from -$55.7 million in Q4 2025.

Nuveen Churchill Direct Lending (NCDL) Retained Earnings (2022 - 2026) Analysis & Trends

Nuveen Churchill Direct Lending (NCDL) has 5 years of Retained Earnings data on file, last reported at $930.4 million in Q1 2026.

  • For the quarter ending Q1 2026, Retained Earnings fell 3.01% year-over-year to $930.4 million; the trailing twelve-month figure through Mar 2026 stood at $930.4 million (down 3.01% YoY), and the FY2025 full-year result was -$55.7 million, down 105.59% from the prior year.
  • Retained Earnings improved to $930.4 million in Q1 2026, from -$55.7 million in the prior quarter.
  • In the past five years, Retained Earnings ranged from a high of $1.0 billion in Q1 2024 to a low of -$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.
  • Across the five-year window, Retained Earnings surged 3506.57% in 2024 and tumbled 105.59% in 2025, its largest moves.
  • Tracing NCDL's Retained Earnings over 5 years: stood at -$23.9 million in 2022, then declined by 22.21% to -$29.2 million in 2023, then surged by 3506.57% to $996.3 million in 2024, then plunged by 105.59% to -$55.7 million in 2025, then surged by 1770.15% to $930.4 million in 2026.
  • Business Quant data shows NCDL's Retained Earnings at $930.4 million in Q1 2026, -$55.7 million in Q4 2025, and -$49.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Retained Earnings (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -
2 BlackRock 161.01 Bn 148.08 Bn - -678.00 Mn
3 Blackstone 97.77 Bn 96.72 Bn - -323.73 Mn
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn -3.14 Bn
5 State Street 51.30 Bn 51.30 Bn - -
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn -1.21 Bn
7 Northern Trust 32.93 Bn 32.93 Bn - -636.60 Mn
8 Raymond James Financial 32.59 Bn 17.67 Bn - -368.00 Mn
9 Price T Rowe 24.70 Bn 21.13 Bn - -51.60 Mn
10 Nuveen Churchill Direct Lending 598.08 Mn 595.34 Mn - 930.39 Mn

Historic Data

Download Data
DateValue
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