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MSDL · NYSE · Financial - Conglomerates

Morgan Stanley Direct Lending Fund (MSDL)

Invests in directly originated senior secured loans to U.S. sponsor-backed middle-market companies.

$14.49

vs last close−0.16 (−1.06%)

In millions of USD, except per-share figures

In millions	Q3 FY23Sep 2023	Q4 FY23Dec 2023	Q1 FY24Mar 2024	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Revenue	99	83	77	87	85	84	65	73	65	87	75	83
Cost of revenue	30	29	27	29	33	33	34	35	34	17	15	32
Gross profit	69	54	49	58	52	51	31	38	31	70	60	51
	−4	−5	−3	−2	−2	−2	1	2	3	8	34	2
	2	1	1	2	2	2	2	2	3	2	0	2
General & administrative	2	1	1	2	2	2	2	2	3	2	0	2
Other expenses	−6	−6	−4	−4	−4	−4	−1	0	0	6	34	0
Operating income	73	59	52	60	54	53	30	36	28	62	26	49
	0	−2	0	0	0	0	0	0	0	−33	−31	−40
Interest income	92	98	97	102	107	101	99	98	98	90	87	83
Interest expense	30	29	27	29	33	33	34	35	34	33	31	32
Other non-operating income	0	0	0	0	0	0	0	0	0	0	0	8
Income before tax	73	57	52	60	54	53	30	36	28	29	−5	9
Income tax expense	0	0	0	1	1	1	1	0	0	0	0	1
Net income from continuing operations	73	57	52	59	53	52	30	36	28	29	−5	8
Net income	73	57	52	59	53	52	30	36	28	29	−5	8
EPS, basic	$0.83	$0.70	$0.59	$0.66	$0.60	$0.58	$0.34	$0.41	$0.32	$0.33	−$0.05	$0.09
EPS, diluted	$0.83	$0.70	$0.59	$0.66	$0.60	$0.58	$0.34	$0.41	$0.32	$0.33	−$0.05	$0.09
Weighted average shares, basic	88	82	87	89	89	89	88	87	87	87	86	85
Weighted average shares, diluted	88	82	87	89	89	89	88	87	87	87	86	85
EBITDA	73	59	52	60	54	53	30	36	28	62	26	41
EBIT	73	59	52	60	54	53	30	36	28	62	26	41