MSDL Q3 2025 Earnings — Morgan Stanley Direct Lending Fund Revenue & Financial Results | Market Cap Arena

MSDLMorgan Stanley Direct Lending Fund

$1B

Q3 2025 Earnings

Financial Services Financial - Conglomerates

Income Statement

Revenue

$65M-23.9% YoY

Gross Profit

$31M47.6% margin

Operating Income

$28M43.3% margin

Net Income

$28M42.7% margin

EPS (Diluted)

$0.32

QoQ Revenue Growth

-11.4%

Cash Flow

Operating Cash Flow

$34M

Free Cash Flow

$34M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$3.9B

Total Liabilities

$2.2B

Stockholders' Equity

$1.8B

Cash & Equivalents

$65M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$65M	$85M	-23.9%
Gross Profit	$31M	$52M	-40.6%
Operating Income	$28M	$54M	-47.9%
Net Income	$28M	$53M	-48.1%