Nuveen Churchill Direct Lending Corp. (NCDL) Financial Statements
In fiscal 2025, Nuveen Churchill Direct Lending reported revenue of $210.1M, down 13.0% from $241.5M the year before. Net income was $65.6M (a 31.2% net margin), or $1.86 per diluted share. Operating activities generated $194.2M of cash. At fiscal year end, Nuveen Churchill Direct Lending held $2.05B in total assets against $1.18B in total liabilities.
Open the full interactive Nuveen Churchill Direct Lending financials → Quarterly statements, key ratios, valuation history and price charts.
Nuveen Churchill Direct Lending Key Stats
| Share Price | $10.77 |
|---|---|
| Market Cap | $531.9M |
| P/E Ratio | 5.8 |
| Revenue YoY Growth | -13.0% |
| 52-Week Range | $10.69 – $13.92 |
| Shares Outstanding | 49.4 million (basic, 2026 Q2) |
Nuveen Churchill Direct Lending Income Statement
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Revenue | $161.9M | $241.5M | $210.1M |
| Pre-Tax Income | $75.9M | $116.3M | $66.4M |
| Income Tax | — | — | $823,000 |
| Net Income | $75.9M | $116.3M | $65.6M |
| Diluted EPS | $2.52 | $2.26 | $1.86 |
Nuveen Churchill Direct Lending Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $51.1M | $50.0M | $46.3M | $44.3M |
| Net Income | $18.7M | $15.9M | $8.7M | $3.6M |
| Diluted EPS | $0.43 | $0.32 | $0.18 | $0.07 |
Nuveen Churchill Direct Lending Balance Sheet
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Cash & Equivalents | $67.4M | $43.3M | — |
| Total Assets | $1.73B | $2.14B | $2.05B |
| Total Long-Term Debt | $951.9M | $1.11B | $1.11B |
| Total Liabilities | $983.0M | $1.17B | $1.18B |
| Shareholders' Equity | $747.9M | $970.3M | $875.2M |
Nuveen Churchill Direct Lending Cash Flow Statement
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Cash From Operations | -$369.5M | -$297.2M | $194.2M |
| Cash From Financing | $397.6M | $273.1M | -$175.0M |
Figures from Nuveen Churchill Direct Lending's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Nuveen Churchill Direct Lending financials page for every line item.
Nuveen Churchill Direct Lending Company Profile
| Ticker | NCDL |
|---|---|
| Exchange | NYSE |
| Headquarters | New York, New York |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001737924 |
Frequently Asked Questions
What was Nuveen Churchill Direct Lending's revenue in fiscal 2025?
Nuveen Churchill Direct Lending (NCDL) reported revenue of $210.1M for fiscal 2025.
What is Nuveen Churchill Direct Lending's annual revenue history?
Nuveen Churchill Direct Lending's annual revenue by fiscal year: 2023: $161.9M; 2024: $241.5M; 2025: $210.1M.
What was Nuveen Churchill Direct Lending's net income in fiscal 2025?
Nuveen Churchill Direct Lending reported net income of $65.6M for fiscal 2025.
What was Nuveen Churchill Direct Lending's earnings per share (EPS) in fiscal 2025?
Nuveen Churchill Direct Lending's diluted EPS was $1.86 for fiscal 2025 (adjusted for any later stock splits).
What was Nuveen Churchill Direct Lending's revenue last quarter?
In its most recent reported quarter (2026 Q2), Nuveen Churchill Direct Lending reported revenue of $44.3M.
How much debt does Nuveen Churchill Direct Lending have?
Nuveen Churchill Direct Lending reported $1.11B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Nuveen Churchill Direct Lending are outstanding?
Nuveen Churchill Direct Lending reported a weighted average of 49.4 million basic shares outstanding in 2026 Q2.
What is Nuveen Churchill Direct Lending's market cap?
Based on its latest closing price, Nuveen Churchill Direct Lending (NCDL) has a market capitalization of about $531.9M.
When does Nuveen Churchill Direct Lending's fiscal year end?
Nuveen Churchill Direct Lending's fiscal year end, as registered with the SEC, is December 31.
Where is Nuveen Churchill Direct Lending headquartered?
Nuveen Churchill Direct Lending lists its business address in New York, New York in its SEC filings.