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Nuveen Churchill Direct Lending (NCDL) Revenue (2022 - 2025)

Nuveen Churchill Direct Lending (NCDL) has disclosed Revenue for 4 consecutive years, with $38.1 million as the latest value for Q4 2025.

  • Quarterly Revenue fell 29.08% to $38.1 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $193.2 million through Dec 2025, down 10.42% year-over-year, with the annual reading at $195.9 million for FY2025, 8.07% down from the prior year.
  • Revenue hit $38.1 million in Q4 2025 for Nuveen Churchill Direct Lending, down from $51.1 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.
  • 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.
  • Year by year, Revenue stood at $29.3 million in 2022, then surged by 67.33% to $48.9 million in 2023, then grew by 9.67% to $53.7 million in 2024, then decreased 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.