Nuveen Churchill Direct Lending (NCDL) Shares Outstanding (2022 - 2026)
Nuveen Churchill Direct Lending (NCDL) recorded Shares Outstanding of 49.39 million in Q2 2026, down 1.6% from 50.18 million a year earlier and unchanged from the prior quarter.
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Analysis
Nuveen Churchill Direct Lending (NCDL) Shares Outstanding (2022 - 2026) Analysis & Trends
For FY2025, Nuveen Churchill Direct Lending reported Shares Outstanding of 50.29 million, down 7.1% from FY2024.
- Annual Shares Outstanding has a four-year compound annual growth rate of -75.0% (FY2021 to FY2025).
- Across earlier years, Shares Outstanding came in at 54.12 million in FY2024 (+62.1%), 33.39 million in FY2023 (+43.4%), 23.28 million in FY2022 (-99.8%) and 12.85 billion in FY2021.
- Quarterly Shares Outstanding has ranged from 23.28 million in Q4 2022 to 28.73 billion in Q1 2023 over the past five years.
- On a year-over-year basis, Shares Outstanding has declined for six consecutive quarters, with growth averaging 10.8% over the last eight quarters.
- Peak year-over-year performance for Shares Outstanding in the last five years was growth of 78.9% in Q2 2024, against a decline of 99.9% in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 49.39 million (Q1 2026), 50.29 million (Q4 2025) and 49.4 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 2.84 Bn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 1.12 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 445.06 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 5.87 Bn |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 335.16 Mn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 331.30 Mn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 84.78 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 738.93 Mn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | 718.00 Mn |
| 10 | Nuveen Churchill Direct Lending | 555.60 Mn | 555.60 Mn | - | 49.39 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 49.39 Mn |
| Mar 31, 2026 | 49.39 Mn |
| Dec 31, 2025 | 50.29 Mn |
| Sep 30, 2025 | 49.40 Mn |
| Jun 30, 2025 | 50.18 Mn |
| Mar 31, 2025 | 52.21 Mn |
| Dec 31, 2024 | 54.12 Mn |
| Sep 30, 2024 | 54.69 Mn |
| Jun 30, 2024 | 54.79 Mn |
| Mar 31, 2024 | 52.76 Mn |
| Dec 31, 2023 | 33.39 Mn |
| Sep 30, 2023 | 34.81 Mn |
| Jun 30, 2023 | 30.62 Mn |
| Mar 31, 2023 | 28.73 Bn |
| Dec 31, 2022 | 23.28 Mn |
| Sep 30, 2022 | 24.49 Bn |
| Jun 30, 2022 | 22.21 Bn |
| Mar 31, 2022 | 20.51 Bn |
API Access
Nuveen Churchill Direct Lending Shares Outstanding API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding&ticker=NCDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "NCDL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding&ticker=NCDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();