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Nuveen Churchill Direct Lending (NCDL) Revenue (2022 - 2026)

Nuveen Churchill Direct Lending's Revenue history spans 4 years, with the latest figure at $38.1 million for Q4 2025.

  • On a quarterly basis, Revenue fell 29.08% to $38.1 million in Q4 2025 year-over-year; TTM through Dec 2025 was $193.2 million, a 10.42% decrease, with the full-year FY2025 number at $195.9 million, down 8.07% from a year prior.
  • Revenue hit $38.1 million in Q4 2025 for Nuveen Churchill Direct Lending, down from $51.1 million in the prior quarter.
  • Over the last five years, Revenue for NCDL hit a ceiling of $57.3 million in Q3 2024 and a floor of $13.8 million in Q1 2022.
  • Historically, Revenue has averaged $40.7 million across 4 years, with a median of $45.3 million in 2023.
  • Biggest five-year swings in Revenue: surged 146.37% in 2023 and later fell 29.08% in 2025.
  • Tracing NCDL's Revenue over 4 years: stood at $29.3 million in 2022, then skyrocketed by 67.33% to $48.9 million in 2023, then rose by 9.67% to $53.7 million in 2024, then dropped by 29.08% to $38.1 million in 2025.
  • Business Quant data shows Revenue for NCDL at $38.1 million in Q4 2025, $51.1 million in Q3 2025, and $53.1 million in Q2 2025.