Nuveen Churchill Direct Lending (NCDL) Retained Earnings (2022 - 2026)
Nuveen Churchill Direct Lending recorded quarterly Retained Earnings of -$66.8 million in Q1 2026, down 19.87% quarter-over-quarter from -$55.7 million in Q4 2025, and down 68.02% year-over-year from -$208.8 million in Q1 2025.
Nuveen Churchill Direct Lending's Retained Earnings history runs 5 years deep, the most recent figure standing at -$66.8 million for Q1 2026.
- In Q1 2026, Retained Earnings fell 68.02% year-over-year to -$66.8 million; the TTM figure through Mar 2026 stood at -$66.8 million (down 68.02% YoY), while the FY2025 annual figure was -$55.7 million, down 110.22% from the prior year.
- Retained Earnings came in at -$66.8 million for Q1 2026 at Nuveen Churchill Direct Lending, down from -$55.7 million in the prior quarter.
- In the past five years, Retained Earnings ranged from a high of -$23.9 million in Q1 2024 to a low of -$66.8 million in Q1 2026.
- A 5-year average of -$37.6 million and a median of -$34.5 million in 2023 frame the typical range for Retained Earnings.
- Across the five-year window, Retained Earnings grew 27.74% in 2024 and slumped 110.22% in 2025, its largest moves.
- Nuveen Churchill Direct Lending's Retained Earnings stood at -$23.9 million in 2022, then retreated by 22.21% to -$29.2 million in 2023, then rose by 9.39% to -$26.5 million in 2024, then plunged by 110.22% to -$55.7 million in 2025, then dropped by 19.87% to -$66.8 million in 2026.
- According to Business Quant data, Retained Earnings over the past three periods registered -$66.8 million, -$55.7 million, and -$49.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 39.18 Bn |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | -15.77 Mn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 14.08 Bn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 180.00 Mn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 5.16 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | - |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 28.43 Bn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 17.07 Bn |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | -1.66 Bn |
| 10 | Nuveen Churchill Direct Lending | 661.29 Mn | 651.05 Mn | - | -66.78 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -66.78 Mn |
| Dec 31, 2025 | -55.71 Mn |
| Sep 30, 2025 | -49.59 Mn |
| Jun 30, 2025 | -46.03 Mn |
| Mar 31, 2025 | -39.74 Mn |
| Dec 31, 2024 | -26.50 Mn |
| Sep 30, 2024 | -27.19 Mn |
| Jun 30, 2024 | -33.79 Mn |
| Mar 31, 2024 | -23.89 Mn |
| 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 |