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    NCDL

    Nuveen Churchill Direct Lending Corp.

    Company overview

    Market capitalization
    $574.87M
    Employees
    0
    Latest publication
    2026-09-29
    About Nuveen Churchill Direct Lending Corp.

    Nuveen Churchill Direct Lending Corp. (the "Company") is business development company and was formed on March 13, 2018, as a limited liability company under the laws of the State of Delaware and was converted into a Maryland corporation on June 18, 2019 prior to the commencement of operations. The Company is a closed-end, externally managed, non-diversified management investment company that has elected to be regulated as a business development company ("BDC") under the Investment Company Act of 1940, as amended (the "1940 Act"). The Company's investment objective is to generate attractive risk-adjusted returns primarily through current income by investing primarily in senior secured loans to private equity-owned U.S. middle market companies, which the Company defines as companies with approximately $10.0 million to $100.0 million of earnings before interest, taxes, depreciation and amortization ("EBITDA"). The Company will focus on privately originated debt to performing U.S. middle market companies, with a portfolio expected to comprise primarily of first-lien senior secured debt and unitranche loans (other than last-out positions in unitranche loans) (collectively "Senior Loans"). The Company will also opportunistically invest in junior capital opportunities (second-lien loans, subordinated debt, last-out positions in unitranche loans and equity-related securities) (collectively "Junior Capital Investments").

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Total Revenue28,681,000USD36,728,000USD39,961,000USD38,194,000USD53,586,000USD48,309,000USD56,047,000USD37,339,000USD
    Cost Of Revenue16,155,000USD17,074,000USD18,381,000USD19,311,000USD20,643,000USD19,262,000USD22,287,000USD17,689,000USD
    Gross Profit12,526,000USD19,654,000USD21,580,000USD18,883,000USD32,943,000USD29,047,000USD33,760,000USD19,650,000USD
    Selling General Administrative1,990,000USD2,400,000USD2,093,000USD2,165,000USD1,421,000USD1,392,000USD1,720,000USD1,770,000USD
    Unclassified Operating Expenses1,594,000USD1,059,000USD——6,323,000USD-2,109,000USD-4,585,000USD-2,043,000USD
    Total Operating Expenses3,584,000USD3,459,000USD2,918,000USD2,959,000USD7,744,000USD-717,000USD-2,865,000USD-273,000USD
    Operating Income8,942,000USD16,195,000USD18,662,000USD15,924,000USD25,199,000USD29,764,000USD36,625,000USD19,923,000USD
    Interest Income45,984,000USD49,480,000USD50,596,000USD52,477,000USD53,211,000USD55,958,000USD59,820,000USD54,547,000USD
    Interest Expense16,155,000USD17,074,000USD18,381,000USD19,311,000USD18,456,000USD19,262,000USD22,287,000USD17,689,000USD
    Net Interest Income29,829,000USD32,406,000USD32,215,000USD33,166,000USD34,755,000USD36,696,000USD37,533,000USD36,858,000USD
    Income Before Tax8,942,000USD16,195,000USD18,662,000USD15,924,000USD27,452,000USD29,764,000USD36,625,000USD19,923,000USD
    Income Tax Expense255,000USD276,000USD4,000USD-92,000USD39,000USD313,000USD-18,000USD-282,000USD
    Tax Provision255,000USD276,000USD4,000USD-92,000USD-39,000USD313,000USD-18,000USD-282,000USD
    Net Income8,687,000USD15,919,000USD18,658,000USD16,016,000USD27,413,000USD29,451,000USD36,643,000USD20,205,000USD
    Net Income From Continuing Ops8,687,000USD15,919,000USD18,658,000USD16,016,000USD15,021,000USD29,451,000USD36,643,000USD20,205,000USD
    Ebitda8,942,000USD16,195,000USD18,662,000USD15,924,000USD48,095,000USD29,764,000USD37,901,000USD20,587,000USD
    Total Other Income Expense Net-17,749,000USD-18,133,000USD-19,206,000USD-20,105,000USD2,253,000USD127,816,000USD154,485,000USD20,205,000USD
    Ebit——37,864,000USD———36,625,000USD19,923,000USD
    Depreciation And Amortization——3,765,000USD———1,276,000USD664,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USD
    Total Revenue201,845,000USD185,999,000USD144,009,000USD46,815,000USD
    Cost Of Revenue30,539,000USD74,575,000USD57,980,000USD23,424,000USD
    Gross Profit171,306,000USD111,424,000USD86,029,000USD23,391,000USD
    Selling General Administrative7,611,000USD6,539,000USD6,187,000USD3,989,000USD
    Unclassified Operating Expenses20,031,000USD-11,592,000USD3,074,000USD2,092,000USD
    Total Operating Expenses27,642,000USD-5,053,000USD9,261,000USD6,081,000USD
    Operating Income143,664,000USD116,477,000USD76,768,000USD17,310,000USD
    Interest Income205,764,000USD221,395,000USD160,512,000USD80,657,000USD
    Interest Expense77,901,000USD79,879,000USD61,206,000USD25,695,000USD
    Net Interest Income132,542,000USD146,820,000USD99,306,000USD54,962,000USD
    Income Before Tax65,763,000USD116,477,000USD76,768,000USD17,310,000USD
    Income Tax Expense149,000USD154,000USD830,000USD24,000USD
    Tax Provision149,000USD154,000USD830,000USD24,000USD
    Net Income65,614,000USD116,323,000USD75,938,000USD17,286,000USD
    Net Income From Continuing Ops65,614,000USD116,323,000USD75,938,000USD17,286,000USD
    Ebitda143,664,000USD116,477,000USD76,768,000USD17,310,000USD
    Total Other Income Expense Net-77,901,000USD-79,879,000USD-61,206,000USD-25,695,000USD
    Ebit—202,818,000USD179,696,120USD3,771,000USD
    Depreciation And Amortization—-6,616,000USD16,660,000USD39,210,000USD
    Research Development——0USD0USD
    Minority Interest——714,000USD-27,912,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets1,987,945,000USD2,048,698,000USD2,054,469,000USD2,042,406,000USD2,074,396,000USD2,172,584,000USD2,143,725,000USD2,140,110,000USD
    Total Liabilities1,138,980,000USD———————
    Total Stockholder Equity848,965,000USD864,112,000USD875,180,000USD881,485,000USD887,738,000USD920,020,000USD970,320,000USD990,609,000USD
    Total Equity Including Noncontrolling Interest848,965,000USD———————
    Common Stock494,000USD494,000USD494,000USD494,000USD495,000USD512,000USD534,000USD546,000USD
    Retained Earnings-81,922,000USD-66,775,000USD-55,707,000USD-49,589,000USD-46,025,000USD-39,743,000USD-26,500,000USD-27,185,000USD
    Other Current Assets—-14,253,000USD54,445,000USD-585,000USD——47,000USD85,000USD
    Total Liab—1,184,586,000USD1,179,289,000USD1,160,921,000USD1,186,658,000USD1,252,564,000USD1,173,405,000USD1,149,501,000USD
    Other Current Liab—13,617,000USD—55,248,000USD26,732,000USD—-61,060,000USD4,001,000USD
    Capital Stock—494,000USD494,000USD494,000USD495,000USD512,000USD534,000USD546,000USD
    Other Assets—2,019,176,000USD2,032,186,000USD2,021,966,000USD2,013,187,000USD2,102,705,000USD19,092,000USD50,000USD
    Cash—50,400,000USD8,554,000USD46,333,000USD44,008,000USD49,178,000USD43,254,000USD69,304,000USD
    Cash And Short Term Investments—50,400,000USD8,554,000USD46,333,000USD44,008,000USD49,178,000USD43,254,000USD69,304,000USD
    Total Current Assets—50,400,000USD76,728,000USD63,054,000USD62,152,000USD86,442,000USD62,296,000USD93,173,000USD
    Total Current Liabilities—46,797,000USD—39,554,000USD45,082,000USD48,924,000USD61,060,000USD51,039,000USD
    Net Debt—1,087,389,000USD1,106,498,000USD1,059,340,000USD1,070,836,000USD1,150,393,000USD1,065,007,000USD1,025,157,000USD
    Short Long Term Debt Total—1,137,789,000USD1,115,052,000USD1,105,673,000USD1,114,844,000USD1,199,571,000USD1,108,261,000USD1,094,461,000USD
    Long Term Investments—1,983,362,000USD1,977,414,000USD1,978,939,000USD2,011,654,000USD2,085,754,000USD2,081,379,000USD2,046,887,000USD
    Net Receivables—14,253,000USD13,729,000USD16,721,000USD18,144,000USD37,264,000USD18,995,000USD23,784,000USD
    Accounts Payable—33,180,000USD44,283,000USD39,554,000USD45,082,000USD48,924,000USD61,060,000USD51,039,000USD
    Common Stock Shares Outstanding—49,387,065shares49,387,055shares49,403,696shares50,183,714shares52,211,340shares54,118,379shares54,689,000shares
    Non Current Assets Total—1,998,298,000USD1,977,741,000USD1,979,352,000USD2,012,244,000USD2,086,142,000USD2,081,429,000USD2,046,937,000USD
    Non Current Liabilities Total—1,137,789,000USD1,179,289,000USD1,121,367,000USD1,141,576,000USD1,203,640,000USD1,112,345,000USD1,098,462,000USD
    Non Currrent Assets Other—1,990,798,000USD327,000USD1,968,295,000USD1,993,394,000USD2,077,958,000USD2,081,429,000USD2,046,937,000USD
    Unclassified Current Assets—-14,253,000USD——————
    Unclassified Non Current Assets—-3,995,038,000USD-2,032,186,000USD-3,989,848,000USD-4,005,991,000USD-4,180,275,000USD-2,100,471,000USD-2,046,937,000USD
    Unclassified Non Current Liabilities—1,137,789,000USD1,179,289,000USD1,121,367,000USD1,141,576,000USD1,203,640,000USD1,112,345,000USD1,098,462,000USD
    Unclassified Equity—929,899,000USD929,899,000USD930,086,000USD932,773,000USD958,739,000USD995,752,000USD1,016,702,000USD
    Unclassified Current Liabilities———-55,248,000USD-26,732,000USD——-4,001,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Total Assets2,054,469,000USD2,143,725,000USD1,730,864,000USD1,253,959,000USD820,919,000USD353,460,000USD188,368,000USD86,910,000USD
    Other Current Assets54,445,000USD47,000USD13,000USD41,000USD64,000USD-15,582,000USD-7,842,000USD164,666,000USD
    Total Liab1,179,289,000USD1,173,405,000USD982,979,000USD729,002,000USD446,868,000USD195,819,000USD122,157,000USD271,944,000USD
    Total Stockholder Equity875,180,000USD970,320,000USD747,885,000USD524,957,000USD374,051,000USD157,641,000USD66,211,000USD164,666,000USD
    Other Current Liab-41,474,000USD-61,060,000USD3,734,000USD-725,548,000USD-442,745,000USD195,819,000USD122,157,000USD93,913,000USD
    Common Stock494,000USD534,000USD412,000USD287,000USD193,000USD84,000USD33,000USD—
    Capital Stock494,000USD534,000USD412,000USD287,000USD193,000USD———
    Retained Earnings-55,707,000USD-26,500,000USD-29,246,000USD-23,930,000USD3,432,000USD-3,446,000USD2,210,000USD70,753,000USD
    Other Assets2,032,186,000USD1,121,000USD-3,461,715,000USD-2,507,877,000USD-1,639,073,000USD353,460,000USD188,368,000USD-245,214,000USD
    Cash8,554,000USD43,254,000USD67,395,000USD39,270,000USD35,186,000USD12,608,000USD3,421,000USD2,236,000USD
    Cash And Short Term Investments8,554,000USD43,254,000USD67,395,000USD39,270,000USD35,186,000USD12,608,000USD3,421,000USD2,236,000USD
    Total Current Assets76,728,000USD62,296,000USD89,001,000USD53,533,000USD47,856,000USD369,042,000USD196,210,000USD167,458,000USD
    Net Debt1,106,498,000USD1,065,007,000USD876,541,000USD660,502,000USD371,179,000USD175,667,000USD114,927,000USD-2,236,000USD
    Short Long Term Debt Total1,115,052,000USD1,108,261,000USD943,936,000USD699,772,000USD406,365,000USD188,275,000USD118,348,000USD—
    Long Term Investments1,977,414,000USD2,081,379,000USD1,641,686,000USD1,200,376,000USD773,013,000USD———
    Net Receivables13,729,000USD18,995,000USD21,593,000USD14,222,000USD12,606,000USD2,974,000USD4,421,000USD556,000USD
    Accounts Payable41,474,000USD61,060,000USD35,309,000USD25,776,000USD36,380,000USD———
    Common Stock Shares Outstanding50,286,270shares54,118,000shares33,385,880shares23,279,341shares12,849,333shares4,964,753shares4,065,531shares4,065,531shares
    Non Current Assets Total1,977,741,000USD2,081,429,000USD1,641,863,000USD1,200,426,000USD773,063,000USD353,460,000USD188,368,000USD164,666,000USD
    Non Current Liabilities Total1,179,289,000USD1,112,345,000USD947,670,000USD703,226,000USD410,488,000USD180,237,000USD114,315,000USD91,121,000USD
    Non Currrent Assets Other327,000USD2,081,429,000USD1,641,863,000USD1,200,426,000USD773,063,000USD-353,460,000USD—-164,666,000USD
    Unclassified Non Current Assets-2,032,186,000USD-2,082,500,000USD-1,641,686,000USD-1,200,376,000USD-773,013,000USD——164,666,000USD
    Unclassified Non Current Liabilities1,179,289,000USD1,112,345,000USD947,670,000USD703,226,000USD410,488,000USD180,237,000USD114,315,000USD91,121,000USD
    Unclassified Equity929,899,000USD995,752,000USD28,422,000USD23,356,000USD-3,818,000USD3,362,000USD-2,243,000USD23,160,000USD
    Total Current Liabilities—61,060,000USD35,309,000USD25,776,000USD36,380,000USD384,094,000USD240,505,000USD180,823,000USD
    Short Term Debt——943,936,000USD699,772,000USD406,365,000USD188,275,000USD118,348,000USD86,910,000USD
    Short Term Investments——50,000USD—————
    Inventory——-13,000USD—————
    Accumulated Other Comprehensive Income——747,885,000USD524,957,000USD374,051,000USD157,641,000USD66,211,000USD70,753,000USD
    Unclassified Current Liabilities——-947,670,000USD-699,772,000USD-406,365,000USD———
    Unclassified Current Assets—————353,460,000USD188,368,000USD—
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USDQ1 20242024-03-31 · USD
    Net Income8,687,000USD15,919,000USD18,658,000USD16,015,999USD29,451,000USD36,643,000USD20,205,000USD30,024,000USD
    Other Non Cash Items13,252,000USD1,099,000USD33,487,000USD1,094,000USD-1,322,000USD-59,781,000USD-196,297,000USD-151,577,000USD
    Change To Account Receivables-358,000USD2,474,000USD1,423,000USD19,120,000USD4,789,000USD-2,835,000USD5,104,000USD5,104,000USD
    Change In Working Capital-15,333,000USD11,549,000USD-14,893,000USD43,707,000USD15,500,000USD-20,405,000USD6,067,000USD23,997,000USD
    Total Cash From Operating Activities6,606,000USD28,567,000USD37,252,000USD56,004,000USD43,629,000USD-42,267,000USD-169,361,000USD-97,556,000USD
    Capital Expenditures0USD0USD0USD0USD0USD0USD0USD0USD
    Free Cash Flow6,606,000USD28,567,000USD37,252,000USD56,004,000USD43,629,000USD-42,267,000USD-169,361,000USD-97,556,000USD
    Total Cashflows From Investing Activities-20,344,000USD3,943,000USD25,047,000USD81,141,000USD-31,642,000USD———
    Net Borrowings25,306,000USD9,805,000USD-9,942,000USD-88,057,000USD12,965,000USD73,214,000USD——
    Total Cash From Financing Activities1,657,000USD-12,419,000USD-34,927,000USD-142,315,000USD-38,037,000USD40,585,000USD176,201,000USD94,307,000USD
    Dividends Paid-22,224,000USD-22,224,000USD-22,295,000USD-28,266,000USD-27,859,000USD-26,547,000USD-21,493,000USD-19,332,000USD
    Sale Purchase Of Stock0USD0USD-2,689,000USD-26,001,000USD-22,450,000USD-5,930,000USD-5,149,000USD0USD
    Change In Cash-12,081,000USD16,148,000USD2,325,000USD-5,170,000USD-26,050,000USD-1,682,000USD6,840,000USD-3,249,000USD
    Begin Period Cash Flow62,481,000USD46,333,000USD44,008,000USD49,178,000USD69,354,000USD71,036,000USD64,196,000USD67,445,000USD
    End Period Cash Flow50,400,000USD62,481,000USD46,333,000USD44,008,000USD43,304,000USD69,354,000USD71,036,000USD64,196,000USD
    Other Cashflows From Financing Activities-1,425,000USD—-1,000USD-116,314,000USD-693,000USD-152,000USD-407,000USD-1,641,000USD
    Unclassified Investing Cash Flow-20,344,000USD3,943,000USD25,047,000USD81,141,000USD-31,642,000USD———
    Issuance Of Capital Stock—0USD0USD0USD0USD0USD0USD241,657,000USD
    Depreciation——3,765,000USD-4,813,000USD—1,276,000USD664,000USD—
    Unclassified Operating Cash Flow——-3,765,000USD—————
    Unclassified Financing Cash Flow———116,323,000USD——203,250,000USD115,280,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Net Income65,614,000USD116,323,000USD75,938,000USD17,286,000USD27,266,000USD2,145,000USD7,285,000USD1,435,000USD
    Other Non Cash Items117,737,000USD-1,910,000USD3,455,000USD26,949,000USD-6,498,000USD3,423,000USD-149,000USD-6,063,000USD
    Change To Account Receivables4,748,000USD2,598,000USD-7,829,000USD-1,158,000USD-6,184,000USD1,524,000USD-3,530,000USD308,000USD
    Change In Working Capital10,805,000USD22,007,000USD-6,346,000USD-19,093,000USD20,548,000USD1,953,000USD-8,755,000USD6,447,000USD
    Total Cash From Operating Activities194,156,000USD136,420,000USD73,047,000USD25,142,000USD41,316,000USD7,521,000USD-1,619,000USD8,266,000USD
    Capital Expenditures0USD0USD0USD0USD0USD0USD0USD0USD
    Free Cash Flow194,156,000USD136,420,000USD73,047,000USD25,142,000USD41,316,000USD7,521,000USD-1,619,000USD8,266,000USD
    Total Cashflows From Investing Activities105,462,000USD-433,617,000USD-442,572,000USD-452,986,000USD-429,616,000USD-159,255,000USD-15,849,000USD-162,054,000USD
    Net Borrowings-1,386,000USD163,052,000USD246,430,000USD295,400,000USD217,865,000USD———
    Total Cash From Financing Activities-174,979,000USD273,056,000USD397,650,000USD431,928,000USD411,697,000USD161,330,000USD19,168,000USD156,128,000USD
    Dividends Paid-102,252,000USD-95,231,000USD-63,194,000USD-34,659,000USD-14,712,000USD-3,279,000USD-5,628,000USD-882,000USD
    Sale Purchase Of Stock-65,746,000USD-33,529,000USD0USD0USD————
    Issuance Of Capital Stock0USD241,657,000USD218,896,000USD174,588,000USD209,208,000USD94,997,000USD——
    Change In Cash19,177,000USD-24,141,000USD28,125,000USD4,134,000USD22,578,000USD9,187,000USD1,185,000USD2,340,000USD
    Begin Period Cash Flow43,304,000USD67,445,000USD39,320,000USD35,186,000USD12,608,000USD3,421,000USD2,236,000USD-104,000USD
    End Period Cash Flow62,481,000USD43,304,000USD67,445,000USD39,320,000USD35,186,000USD12,608,000USD3,421,000USD2,236,000USD
    Other Cashflows From Financing Activities-5,595,000USD-2,893,000USD-4,482,000USD-3,401,000USD-664,000USD-4,135,000USD——
    Unclassified Investing Cash Flow105,462,000USD-433,617,000USD-589,000,000USD-452,986,000USD-429,616,000USD-159,255,000USD-15,849,000USD-162,054,000USD
    Depreciation—-10,975,000USD——————
    Unclassified Operating Cash Flow—10,975,000USD—————6,447,000USD
    Unclassified Financing Cash Flow—241,657,000USD218,896,000USD174,588,000USD—73,747,000USD24,796,000USD157,010,000USD
    Other Cashflows From Investing Activities——146,428,000USD—————
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    No revenue breakdown is currently published for this company.

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.