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

Nuveen Churchill Direct Lending recorded quarterly Revenue of $42.9 million in Q1 2026, up 12.58% quarter-over-quarter from $38.1 million in Q4 2025, and down 20.01% year-over-year from $53.6 million in Q1 2025.

Nuveen Churchill Direct Lending's Revenue history runs 5 years deep, the most recent figure standing at $42.9 million for Q1 2026.

  • In Q1 2026, Revenue fell 20.01% year-over-year to $42.9 million; the TTM figure through Mar 2026 stood at $185.2 million (down 11.85% YoY), while the FY2025 annual figure was $195.9 million, down 8.07% from the prior year.
  • Revenue came in at $42.9 million for Q1 2026 at Nuveen Churchill Direct Lending, up from $38.1 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.
  • A 5-year average of $40.1 million and a median of $42.9 million in 2026 frame the typical range for Revenue.
  • Across the five-year window, Revenue jumped 146.37% in 2023 and dropped 20.01% in 2026, its largest moves.
  • Nuveen Churchill Direct Lending's Revenue stood at $29.3 million in 2022, then soared by 50.62% to $44.1 million in 2023, then gained by 4.7% to $46.1 million in 2024, then declined by 17.47% to $38.1 million in 2025, then increased by 12.58% to $42.9 million in 2026.
  • According to Business Quant data, Revenue over the past three periods registered $42.9 million, $38.1 million, and $51.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Revenue (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 6.70 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 3.62 Bn
3 Kkr 84.94 Bn 132.45 Bn - 4.32 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 1.34 Bn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 5.06 Bn
6 State Street 44.42 Bn 18.75 Bn - 3.80 Bn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 4.89 Bn
8 Northern Trust 31.21 Bn 31.21 Bn - 1.34 Bn
9 Ares Management 28.85 Bn 32.22 Bn - 1.40 Bn
10 Nuveen Churchill Direct Lending 661.29 Mn 651.05 Mn - 42.86 Mn

Historic Data

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DateValue
Mar 31, 2026 42.86 Mn
Dec 31, 2025 38.07 Mn
Sep 30, 2025 51.11 Mn
Jun 30, 2025 53.13 Mn
Mar 31, 2025 53.59 Mn
Dec 31, 2024 46.13 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 33.96 Mn
Dec 31, 2022 29.25 Mn
Sep 30, 2022 21.44 Mn
Jun 30, 2022 15.88 Mn
Mar 31, 2022 13.78 Mn