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| Date | Value |
|---|---|
| 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 |