Nuveen Churchill Direct Lending (NCDL) Shares Outstanding (Diluted Average) (2022 - 2026)
Nuveen Churchill Direct Lending recorded quarterly Shares Outstanding (Diluted Average) of $49.4 million in Q1 2026, down 1.79% quarter-over-quarter from $50.3 million in Q4 2025, and down 5.41% year-over-year from $52.2 million in Q1 2025.
Nuveen Churchill Direct Lending's Shares Outstanding (Diluted Average) history runs 5 years deep, the most recent figure standing at $49.4 million for Q1 2026.
- In Q1 2026, Shares Outstanding (Diluted Average) fell 5.41% year-over-year to $49.4 million; the TTM figure through Mar 2026 stood at $49.4 million (down 5.41% YoY), while the FY2025 annual figure was $50.3 million, down 7.08% from the prior year.
- Shares Outstanding (Diluted Average) came in at $49.4 million for Q1 2026 at Nuveen Churchill Direct Lending, down from $50.3 million in the prior quarter.
- In the past five years, Shares Outstanding (Diluted Average) ranged from a high of $28.7 billion in Q1 2023 to a low of $23.3 million in Q4 2022.
- A 5-year average of $5.7 billion and a median of $52.2 million in 2025 frame the typical range for Shares Outstanding (Diluted Average).
- Across the five-year window, Shares Outstanding (Diluted Average) sank 99.87% in 2023 and soared 75.61% in 2024, its largest moves.
- Nuveen Churchill Direct Lending's Shares Outstanding (Diluted Average) stood at $23.3 million in 2022, then jumped by 43.41% to $33.4 million in 2023, then soared by 62.1% to $54.1 million in 2024, then fell by 7.08% to $50.3 million in 2025, then fell by 1.79% to $49.4 million in 2026.
- According to Business Quant data, Shares Outstanding (Diluted Average) over the past three periods registered $49.4 million, $50.3 million, and $50.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares (Diluted Avg.) (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | - |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 786.30 Mn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 954.22 Mn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 1.62 Bn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 594.90 Mn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 282.87 Mn |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | - |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 186.54 Mn |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 224.03 Mn |
| 10 | Nuveen Churchill Direct Lending | 661.29 Mn | 651.05 Mn | - | 49.39 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 49.39 Mn |
| Dec 31, 2025 | 50.29 Mn |
| Sep 30, 2025 | 50.59 Mn |
| Jun 30, 2025 | 51.19 Mn |
| Mar 31, 2025 | 52.21 Mn |
| Dec 31, 2024 | 54.12 Mn |
| Sep 30, 2024 | 54.69 Mn |
| Jun 30, 2024 | 53.77 Mn |
| Mar 31, 2024 | 52.76 Mn |
| Dec 31, 2023 | 33.39 Mn |
| Sep 30, 2023 | 31.41 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 |