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NCDL · NYSE · Asset Management

Nuveen Churchill Direct Lending (NCDL)

Senior-secured lending to private-equity-owned U.S. middle-market companies.

$12.09

vs last close+0.03 (+0.21%)

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	37	49	44	37	56	48	54	38	40	37	29	33
Cost of revenue	15	18	15	18	22	19	21	19	18	17	16	6
Gross profit	22	31	29	20	34	29	33	19	22	20	13	27
	2	1	−1	0	−3	−1	8	3	3	3	4	7
	1	1	2	2	2	1	1	2	2	2	2	2
General & administrative	1	1	2	2	2	1	1	2	2	2	2	2
Other expenses	1	0	−3	−2	−5	−2	6	1	1	1	2	6
Operating income	20	30	30	20	37	30	25	16	19	16	9	19
	0	−1	0	0	0	0	2	0	0	0	0	−17
Interest income	41	49	51	55	60	56	53	52	51	49	46	44
Interest expense	15	18	17	18	22	19	18	19	18	17	16	17
Other non-operating income	0	0	0	0	0	0	−23	0	0	0	0	0
Income before tax	20	29	30	20	37	30	27	16	19	16	9	3
Income tax expense	0	0	0	0	0	0	0	0	0	0	0	−1
Net income from continuing operations	20	29	30	20	37	29	27	16	19	16	9	4
Net income	20	29	30	20	37	29	27	16	19	16	9	4
EPS, basic	$0.58	$0.73	$0.57	$0.37	$0.67	$0.54	$0.53	$0.32	$0.38	$0.32	$0.18	$0.07
EPS, diluted	$0.58	$0.70	$0.57	$0.37	$0.67	$0.54	$0.53	$0.32	$0.38	$0.32	$0.18	$0.07
Weighted average shares, basic	35	39	53	55	55	54	52	50	49	49	49	49
Weighted average shares, diluted	35	41	53	55	55	54	52	50	49	49	49	49
EBITDA	20	30	30	21	38	30	48	16	19	16	9	19
Depreciation & amortization	0	0	0	1	1	0	0	0	0	0	0	0
EBIT	20	30	30	20	37	30	48	16	19	16	9	19