MSDL Q4 2025 Earnings — Morgan Stanley Direct Lending Fund Revenue & Financial Results | Market Cap Arena

MSDLMorgan Stanley Direct Lending Fund

$1B

Q4 2025 Earnings

Financial Services Financial - Conglomerates

Income Statement

Revenue

$194M+131.0% YoY

Gross Profit

$00.0% margin

Operating Income

$00.0% margin

Net Income

$44M22.7% margin

EPS (Diluted)

$0.33

QoQ Revenue Growth

+200.1%

Cash Flow

Operating Cash Flow

$117M

Free Cash Flow

$117M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$3.9B

Total Liabilities

$2.2B

Stockholders' Equity

$1.7B

Cash & Equivalents

$81M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$194M	$84M	+131.0%
Gross Profit	$0	$51M	-100.0%
Operating Income	$0	$53M	-100.0%
Net Income	$44M	$52M	-14.8%