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
DateValue
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