Nuveen Churchill Direct Lending (NCDL) Revenue (2022 - 2026)
Nuveen Churchill Direct Lending (NCDL) reported Revenue of $46.3 million for Q1 2026, down 13.68% on a YoY basis from $53.6 million in Q1 2025, and down 0.76% sequentially from $46.6 million in Q4 2025.
Nuveen Churchill Direct Lending (NCDL) Revenue (2022 - 2026) Analysis & Trends
Nuveen Churchill Direct Lending (NCDL) has 5 years of Revenue data on file, last reported at $46.3 million in Q1 2026.
- For the quarter ending Q1 2026, Revenue fell 13.68% year-over-year to $46.3 million; the trailing twelve-month figure through Mar 2026 stood at $194.2 million (down 10.74% YoY), and the FY2025 full-year result was $195.9 million, down 8.07% from the prior year.
- Revenue declined to $46.3 million in Q1 2026, from $46.6 million in the prior quarter.
- In the past five years, Revenue ranged from a high of $57.3 million in Q3 2024 to a low of $13.8 million in Q1 2022.
- A 5-year average of $41.0 million and a median of $46.3 million in 2026 frame the typical range for Revenue.
- Across the five-year window, Revenue surged 142.22% in 2023 and dropped 15.86% in 2025, its largest moves.
- Tracing NCDL's Revenue over 5 years: stood at $28.8 million in 2022, then soared by 53.19% to $44.1 million in 2023, then advanced by 21.84% to $53.7 million in 2024, then slipped by 13.18% to $46.6 million in 2025, then decreased by 0.76% to $46.3 million in 2026.
- Business Quant data shows NCDL's Revenue at $46.3 million in Q1 2026, $46.6 million in Q4 2025, and $48.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | 18.58 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 6.70 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 3.62 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 217.00 Mn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 3.80 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 4.89 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 1.34 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 3.86 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 1.86 Bn |
| 10 | Nuveen Churchill Direct Lending | 598.08 Mn | 595.34 Mn | - | 46.26 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 46.26 Mn |
| Dec 31, 2025 | 46.61 Mn |
| Sep 30, 2025 | 48.23 Mn |
| Jun 30, 2025 | 53.13 Mn |
| Mar 31, 2025 | 53.59 Mn |
| Dec 31, 2024 | 53.68 Mn |
| Sep 30, 2024 | 57.32 Mn |
| Jun 30, 2024 | 53.02 Mn |
| Mar 31, 2024 | 49.08 Mn |
| Dec 31, 2023 | 44.06 Mn |
| Sep 30, 2023 | 41.75 Mn |
| Jun 30, 2023 | 37.10 Mn |
| Mar 31, 2023 | 33.39 Mn |
| Dec 31, 2022 | 28.76 Mn |
| Sep 30, 2022 | 21.44 Mn |
| Jun 30, 2022 | 16.46 Mn |
| Mar 31, 2022 | 13.78 Mn |