Morgan Stanley Direct Lending Fund reported revenue of $88.77M and net income of $38.16M for the quarter ended Jun 2026, down 10.8% year over year. This income statement covers 18 quarters of results from Mar 2022 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | ||||||||||||||||||
| Revenue | 44.30M | 49.99M | 62.72M | 73.58M | 83.64M | 88.89M | 94.45M | 100.75M | 99.10M | 104.19M | 109.75M | 103.03M | 101.46M | 99.51M | 99.72M | 96.60M | 89.06M | 88.77M |
| Operating items | ||||||||||||||||||
| Restructuring CostsRestructuring | 0.41M | 0.07M | 0.35M | -0.32M | 0.17M | 0.20M | 0.12M | 0.15M | 0.11M | 0.05M | 0.12M | -0.18M | 0.18M | 0.13M | 0.04M | 0.01M | 0.16M | 0.19M |
| Other Operating ExpensesOther Opex | 21.98M | 25.42M | 33.70M | 40.63M | 44.73M | 46.49M | 49.58M | 49.65M | 48.21M | 51.33M | 54.36M | 55.38M | 55.44M | 55.52M | 55.55M | 52.59M | 47.56M | 49.62M |
| Operating ExpensesOpex | 22.39M | 25.49M | 34.05M | 40.31M | 44.90M | 46.68M | 49.69M | 49.80M | 48.32M | 51.38M | 54.48M | 55.20M | 55.62M | 55.65M | 55.59M | 52.60M | 47.72M | 49.81M |
| Operating IncomeOp. Inc | 26.51M | 29.41M | 33.81M | 38.61M | 44.22M | 47.80M | 50.57M | 56.99M | 55.09M | 56.62M | 59.23M | 51.73M | 46.85M | 43.86M | 44.13M | 44.00M | 41.34M | 38.96M |
| EBIT | 26.51M | 29.41M | 33.81M | 38.61M | 44.22M | 47.80M | 50.57M | 56.99M | 55.09M | 56.62M | 59.23M | 51.73M | 46.85M | 43.86M | 44.13M | 44.00M | 41.34M | 38.96M |
| Non-operating items | ||||||||||||||||||
| Non Operating Interest Expenses | 10.35M | 13.78M | 18.60M | 24.45M | 26.67M | 27.91M | 29.69M | 29.11M | 27.26M | 29.30M | 33.15M | 33.21M | 34.18M | 34.71M | 33.90M | 33.34M | 30.66M | 32.02M |
| Non Operating Investment IncomeNon-Op. Investment Inc. | -4.34M | -33.14M | -24.39M | -18.14M | -0.57M | 8.65M | 22.83M | -30.79M | -5.62M | 0.11M | -10.96M | 0.00M | 0.56M | 0.09M | 0.03M | -8.09M | -13.17M | -7.43M |
| Other Non Operating IncomeOther Non Op Inc. | 4.64M | 4.90M | 5.15M | -94.69M | 5.48M | 5.58M | 5.82M | 15.96M | 3.10M | 2.82M | 5.44M | 0.88M | -17.11M | -7.65M | -16.16M | -5.60M | -31.85M | -22.80M |
| Net income details | ||||||||||||||||||
| EBT | 16.16M | 15.63M | 15.21M | 14.15M | 17.55M | 19.89M | 20.89M | 27.88M | 27.83M | 27.32M | 26.08M | 18.52M | 12.68M | 9.15M | 10.23M | 10.65M | 10.68M | 6.94M |
| Tax ProvisionsTaxes | 1.52M | 0.44M | 0.50M | 0.50M | 1.00M | 0.63M | 0.20M | 0.40M | 1.58M | 0.83M | 0.80M | |||||||
| Profit After TaxPAT | 22.25M | -3.26M | 9.44M | 99.58M | 44.22M | 56.44M | 73.41M | 57.39M | 54.65M | 59.05M | 58.73M | 50.73M | 46.23M | 43.66M | 43.73M | 42.41M | 40.51M | 38.16M |
| Investment IncomeInv. Income | -4.27M | -32.67M | -24.37M | -18.16M | -0.45M | 8.65M | 22.83M | 1.92M | -2.97M | 2.92M | -5.52M | 0.90M | -16.56M | -7.56M | -16.13M | -13.68M | -45.02M | -30.23M |
| Income from Continuing OperationsIncome (Continuing) | 16.16M | 15.63M | 15.21M | 14.15M | 17.55M | 19.89M | 20.89M | 26.36M | 27.39M | 26.82M | 25.58M | 17.52M | 12.05M | 8.95M | 9.83M | 9.07M | 9.85M | 6.14M |
| Consolidated Net IncomeConsol Net Inc. | 16.16M | 15.63M | 15.21M | 14.15M | 17.55M | 19.89M | 20.89M | 26.36M | 27.39M | 26.82M | 25.58M | 17.52M | 12.05M | 8.95M | 9.83M | 9.07M | 9.85M | 6.14M |
| Income towards Parent CompanyParent Net Inc | 16.16M | 15.63M | 15.21M | 14.15M | 17.55M | 19.89M | 20.89M | 26.36M | 27.39M | 26.82M | 25.58M | 17.52M | 12.05M | 8.95M | 9.83M | 9.07M | 9.85M | 6.14M |
| Net Income towards Common StockholdersNet Income | 16.16M | 15.63M | 15.21M | 14.15M | 17.55M | 19.89M | 20.89M | 26.36M | 27.39M | 26.82M | 25.58M | 17.52M | 12.05M | 8.95M | 9.83M | 9.07M | 9.85M | 6.14M |
| Additional items | ||||||||||||||||||
| EPS (Basic) | 0.28 | 0.26 | 0.24 | 0.23 | 0.25 | 0.28 | 0.29 | 0.36 | 0.31 | 0.30 | 0.29 | 0.20 | 0.14 | 0.10 | 0.11 | 0.10 | 0.11 | 0.07 |
| EPS (Diluted) | 0.28 | 0.26 | 0.24 | 0.23 | 0.25 | 0.28 | 0.29 | 0.36 | 0.31 | 0.30 | 0.29 | 0.20 | 0.14 | 0.10 | 0.11 | 0.10 | 0.11 | 0.07 |
| Shares Outstanding | 57.10M | 59.23M | 64.10M | 61.68M | 70.86M | 71.34M | 71.87M | 74.24M | 87.36M | 89.27M | 89.26M | 88.65M | 88.41M | 87.19M | 86.84M | 87.27M | 85.78M | 84.75M |
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 57.10M | 59.23M | 64.10M | 61.68M | 70.86M | 71.34M | 71.87M | 74.24M | 87.36M | 89.27M | 89.26M | 88.65M | 88.41M | 87.19M | 86.84M | 87.27M | 85.78M | 84.75M |
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 57.20M | 61.08M | 65.35M | 70.54M | 70.98M | 71.46M | 72.02M | 83.28M | 88.89M | 89.41M | 89.01M | 88.51M | 88.02M | 86.96M | 86.81M | 86.28M | 85.34M | 84.50M |
| EBITDA | 26.51M | 29.41M | 33.81M | 38.61M | 44.22M | 47.80M | 50.57M | 56.99M | 55.09M | 56.62M | 59.23M | 51.73M | 46.85M | 43.86M | 44.13M | 44.00M | 41.34M | 38.96M |
| Interest ExpensesInt Expense | 10.35M | 13.78M | 18.60M | 24.45M | 26.67M | 27.91M | 29.69M | 29.11M | 27.26M | 29.30M | 33.15M | 33.21M | 34.18M | 34.71M | 33.90M | 33.34M | 30.66M | 32.02M |
| Tax Rate | 5.45% | 1.57% | 1.83% | 1.92% | 5.40% | 4.95% | 2.19% | 3.93% | 14.88% | 7.81% | 11.52% |