Nuveen Churchill Direct Lending (NCDL) Share-based Compensation (2022 - 2026)
Nuveen Churchill Direct Lending's (NCDL) quarterly Share-based Compensation came in at $78000.0 in Q2 2026, down 61.39% year-over-year from $202000.0 in Q2 2025, and up 1850.0% quarter-over-quarter from $4000.0 in Q1 2026.
Analysis
Nuveen Churchill Direct Lending (NCDL) Share-based Compensation (2022 - 2026) Analysis & Trends
Nuveen Churchill Direct Lending has disclosed Share-based Compensation across 5 years of filings, most recently posting $78000.0 for Q2 2026.
- In Q2 2026, Share-based Compensation fell 61.39% year-over-year to $78000.0; the TTM figure through Jun 2026 stood at -$181000.0 (down 102.88% YoY), while the FY2025 annual figure was $280000.0, down 97.72% from the prior year.
- Share-based Compensation came in at $78000.0 for Q2 2026 at Nuveen Churchill Direct Lending, up from $4000.0 in the prior quarter.
- In the past five years, Share-based Compensation ranged from a high of $3.6 million in Q3 2024 to a low of -$177000.0 in Q3 2025.
- Average Share-based Compensation over 5 years is $1.4 million, with a median of $1.1 million recorded in 2022.
- Year-over-year, Share-based Compensation jumped 340.35% in 2023 and tumbled 104.97% in 2025.
- Over 5 years, Share-based Compensation stood at $1.3 million in 2022, then jumped by 122.63% to $2.8 million in 2023, then slipped by 23.43% to $2.2 million in 2024, then slumped by 103.95% to -$86000.0 in 2025, then surged by 190.7% to $78000.0 in 2026.
- Per Business Quant data, the three most recent Share-based Compensation figures were $78000.0 in Q2 2026, $4000.0 in Q1 2026, and -$86000.0 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Share-based Compensation (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.39 Bn | 14.01 Bn | - | 7.00 Mn |
| 2 | Blackstone Secured Lending Fund | 5.76 Bn | 5.49 Bn | - | 8.71 Mn |
| 3 | Blue Owl Capital | 5.62 Bn | 5.38 Bn | - | - |
| 4 | Main Street Capital | 5.39 Bn | 5.33 Bn | - | 10.65 Mn |
| 5 | Blue Owl Technology Finance | 5.20 Bn | 4.99 Bn | - | - |
| 6 | Hercules Capital | 4.68 Bn | 4.64 Bn | - | 3.95 Mn |
| 7 | FS KKR Capital | 3.48 Bn | 3.37 Bn | - | - |
| 8 | Golub Capital Bdc | 3.38 Bn | 3.34 Bn | - | -157,000.00 |
| 9 | PennantPark Floating Rate Capital | 2.47 Bn | -134.94 Mn | - | - |
| 10 | Nuveen Churchill Direct Lending | 618.33 Mn | 577.57 Mn | - | 78,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 78,000.00 |
| Mar 31, 2026 | 4,000.00 |
| Dec 31, 2025 | -86,000.00 |
| Sep 30, 2025 | -177,000.00 |
| Jun 30, 2025 | 202,000.00 |
| Mar 31, 2025 | 341,000.00 |
| Dec 31, 2024 | 2.18 Mn |
| Sep 30, 2024 | 3.56 Mn |
| Jun 30, 2024 | 3.19 Mn |
| Mar 31, 2024 | 3.33 Mn |
| Dec 31, 2023 | 2.84 Mn |
| Sep 30, 2023 | 2.32 Mn |
| Jun 30, 2023 | 2.76 Mn |
| Mar 31, 2023 | 1.73 Mn |
| Dec 31, 2022 | 1.28 Mn |
| Sep 30, 2022 | 876,000.00 |
| Jun 30, 2022 | 627,000.00 |
| Mar 31, 2022 | 443,000.00 |