Nuveen Churchill Direct Lending (NCDL) Revenue (2022 - 2026)
Nuveen Churchill Direct Lending (NCDL) posted Revenue of $46.3 million for Q1 2026, down 0.76% sequentially from $46.6 million in Q4 2025, and down 13.68% YoY from $53.6 million in Q1 2025.
Nuveen Churchill Direct Lending (NCDL) Revenue (2022 - 2026) Analysis & Trends
Nuveen Churchill Direct Lending has reported Revenue for 5 years, with the latest figure at $46.3 million in Q1 2026.
- Quarterly Revenue fell 13.68% year-over-year to $46.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $194.2 million (down 10.74% YoY) and the FY2025 annual result came in at $195.9 million, down 8.07% from the prior year.
- Revenue declined to $46.3 million in Q1 2026 per NCDL's latest filing, from $46.6 million in the prior quarter.
- Over five years, Revenue peaked at $57.3 million in Q3 2024 and troughed at $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.
- The sharpest annual moves came in 2023 and 2025: Revenue jumped 142.22% in 2023, then fell 15.86% in 2025.
- Over 5 years, Revenue stood at $28.8 million in 2022, then soared by 53.19% to $44.1 million in 2023, then increased by 21.84% to $53.7 million in 2024, then fell by 13.18% to $46.6 million in 2025, then declined by 0.76% to $46.3 million in 2026.
- According to Business Quant data, Revenue over the past three periods registered $46.3 million, $46.6 million, and $48.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 7.08 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 5.04 Bn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 5.73 Bn |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 19.41 Bn |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 1.75 Bn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 11.15 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 4.05 Bn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 5.01 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 1.35 Bn |
| 10 | Nuveen Churchill Direct Lending | 612.40 Mn | 571.64 Mn | - | 44.33 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 44.33 Mn |
| 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 |