Nuveen Churchill Direct Lending (NCDL) Revenue (2022 - 2026)
Nuveen Churchill Direct Lending's (NCDL) quarterly Revenue came in at $44.3 million in Q2 2026, down 16.57% year-over-year from $53.1 million in Q2 2025, and down 4.17% quarter-over-quarter from $46.3 million in Q1 2026.
Analysis
Nuveen Churchill Direct Lending (NCDL) Revenue (2022 - 2026) Analysis & Trends
Nuveen Churchill Direct Lending has disclosed Revenue across 5 years of filings, most recently posting $44.3 million for Q2 2026.
- In Q2 2026, Revenue fell 16.57% year-over-year to $44.3 million; the TTM figure through Jun 2026 stood at $191.7 million (down 14.44% YoY), while the FY2025 annual figure was $207.9 million, down 7.22% from the prior year.
- Revenue came in at $44.3 million for Q2 2026 at Nuveen Churchill Direct Lending, down from $46.3 million in the prior quarter.
- In the past five years, Revenue ranged from a high of $60.3 million in Q3 2024 to a low of $14.1 million in Q1 2022.
- Average Revenue over 5 years is $42.6 million, with a median of $47.6 million recorded in 2023.
- Year-over-year, Revenue surged 140.19% in 2023 and retreated 16.57% in 2026.
- Over 5 years, Revenue stood at $29.3 million in 2022, then soared by 67.33% to $48.9 million in 2023, then increased by 16.6% to $57.1 million in 2024, then declined by 12.34% to $50.0 million in 2025, then slipped by 11.4% to $44.3 million in 2026.
- Per Business Quant data, the three most recent Revenue figures were $44.3 million in Q2 2026, $46.3 million in Q1 2026, and $50.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.12 Bn | 13.73 Bn | - | 768.00 Mn |
| 2 | Blackstone Secured Lending Fund | 5.69 Bn | 5.42 Bn | - | 320.47 Mn |
| 3 | Blue Owl Capital | 5.52 Bn | 5.28 Bn | - | 401.34 Mn |
| 4 | Main Street Capital | 5.26 Bn | 5.20 Bn | - | 149.57 Mn |
| 5 | Blue Owl Technology Finance | 5.05 Bn | 4.84 Bn | - | 338.03 Mn |
| 6 | Hercules Capital | 4.64 Bn | 4.59 Bn | - | 149.11 Mn |
| 7 | FS KKR Capital | 3.37 Bn | 3.27 Bn | - | 290.00 Mn |
| 8 | Golub Capital Bdc | 3.34 Bn | 3.30 Bn | - | 187.73 Mn |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -129.09 Mn | - | 66.09 Mn |
| 10 | Nuveen Churchill Direct Lending | 604.00 Mn | 563.24 Mn | - | 44.33 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 44.33 Mn |
| Mar 31, 2026 | 46.26 Mn |
| Dec 31, 2025 | 50.03 Mn |
| Sep 30, 2025 | 51.11 Mn |
| Jun 30, 2025 | 53.13 Mn |
| Mar 31, 2025 | 53.59 Mn |
| Dec 31, 2024 | 57.08 Mn |
| Sep 30, 2024 | 60.28 Mn |
| Jun 30, 2024 | 55.09 Mn |
| Mar 31, 2024 | 51.60 Mn |
| Dec 31, 2023 | 48.95 Mn |
| Sep 30, 2023 | 41.75 Mn |
| Jun 30, 2023 | 37.10 Mn |
| Mar 31, 2023 | 33.96 Mn |
| Dec 31, 2022 | 29.25 Mn |
| Sep 30, 2022 | 22.60 Mn |
| Jun 30, 2022 | 16.46 Mn |
| Mar 31, 2022 | 14.14 Mn |