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NCDL (Nuveen Churchill Direct Lending Corp.) Stock Financials & Earnings | Market Cap Arena
NCDL
Nuveen Churchill Direct Lending Corp.
Mkt Cap
$660M
Financial Services
·
Asset Management
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$184M
Net Income (TTM)
$78M
EPS (TTM)
$1.30
Free Cash Flow (TTM)
$89M
Gross Margin
93.2%
Op. Margin
51.2%
Net Margin
42.4%
FCF Margin
48.2%
P/S Ratio (TTM)
3.6x
P/E Ratio (TTM)
8.5x
YoY Rev Growth
-1.2%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$27M
$15M
$13M
Q2 23
$31M
$17M
$15M
Q3 23
$37M
$22M
$20M
Q4 23
$49M
$31M
$30M
Q1 24
$44M
$29M
$30M
Q2 24
$37M
$20M
$20M
Q3 24
$56M
$34M
$37M
Q4 24
$48M
$29M
$30M
Q1 25
$54M
$33M
$25M
Q2 25
$38M
$19M
$16M
Q3 25
$40M
$22M
$19M
Q4 25
$52M
$98M
$34M
marketcaparena.com
Revenue Breakdown
NCDL
Nuveen Churchill Direct Lending Corp.
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
8.5x
28.4x
Q2 23
7.2x
16.4x
Q3 23
5.7x
12.1x
Q4 23
4.6x
8.7x
Q1 24
4.1x
7.1x
Q2 24
3.9x
6.7x
Q3 24
3.5x
5.7x
Q4 24
3.5x
5.7x
Q1 25
3.4x
5.8x
Q2 25
3.4x
6.0x
Q3 25
3.7x
7.2x
Q4 25
3.6x
8.5x
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Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$19M
$19M
Q2 23
$17M
$17M
Q3 23
$16M
$16M
Q4 23
$21M
$21M
Q1 24
-$98M
-$98M
Q2 24
-$169M
-$169M
Q3 24
-$42M
-$42M
Q4 24
$44M
$44M
Q1 25
-$4M
-$4M
Q2 25
$56M
$56M
Q3 25
$12M
$12M
Q4 25
$25M
$25M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+90.5%
+215.6%
Q2 23
+85.3%
+6.1%
Q3 23
+164.5%
+112.3%
Q4 23
+143.5%
+50.6%
Q1 24
+64.1%
+1.8%
Q2 24
+22.0%
+9.4%
Q3 24
+49.5%
+11.8%
Q4 24
-1.2%
-4.0%
Q1 25
+21.0%
+100.8%
Q2 25
+2.3%
+27.9%
Q3 25
-28.7%
+9.7%
Q4 25
+7.8%
-4.2%
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Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$0
0.0%
Q2 23
$0
0.0%
Q3 23
$0
0.0%
Q4 23
$0
0.0%
Q1 24
$0
0.0%
Q2 24
$0
0.0%
Q3 24
$0
0.0%
Q4 24
$0
0.0%
Q1 25
$0
0.0%
Q2 25
$0
0.0%
Q3 25
$0
0.0%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
G&A
Quarter
G&A
Q1 23
$1M
Q2 23
$2M
Q3 23
$1M
Q4 23
$1M
Q1 24
$2M
Q2 24
$2M
Q3 24
$2M
Q4 24
$1M
Q1 25
$1M
Q2 25
$2M
Q3 25
$2M
Q4 25
$2M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$50M
$0
$50M
Q2 23
$45M
$0
$45M
Q3 23
$36M
$0
$36M
Q4 23
$67M
$0
$67M
Q1 24
$64M
$0
$64M
Q2 24
$71M
$0
$71M
Q3 24
$69M
$0
$69M
Q4 24
$43M
$0
$43M
Q1 25
$49M
$0
$49M
Q2 25
$44M
$0
$44M
Q3 25
$46M
$0
$46M
Q4 25
$9M
$0
$9M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
29M
+0.3%
Q2 23
31M
+6.6%
Q3 23
35M
+13.7%
Q4 23
41M
+18.5%
Q1 24
53M
+27.9%
Q2 24
55M
+3.8%
Q3 24
55M
-0.2%
Q4 24
54M
-1.0%
Q1 25
52M
-3.5%
Q2 25
50M
-3.9%
Q3 25
49M
-1.6%
Q4 25
49M
-0.0%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 18
—
—
FY 19
—
—
FY 20
—
—
FY 21
—
—
FY 22
—
—
FY 23
—
—
FY 24
$372K
500
FY 25
$404K
500
marketcaparena.com