Security
Nuveen Churchill Direct Lending Corp · NCDL
NCDLNYSECommon stockCurrentCIK 1737924Updated Oct 6, 2026
Name history
Nuveen Churchill BDC INC. · through Jun 2, 2020Nuveen Churchill BDC LLC · through Dec 23, 2019
NCDL price & chart
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Recent filings
Financials
FY 2025 · USDSource
Source
Source
balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 2,042,406,000Source | 2,140,110,000Source | 1,987,945,000Source | 2,074,396,000Source | 2,082,934,000Source | 2,048,698,000Source | 2,172,584,000Source | 1,875,487,000Source | 2,054,469,000Source | 2,143,725,000Source | 1,730,864,000Source | 1,253,959,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | — | 69,304,000Source | — | 44,008,000Source | 70,986,000Source | — | 49,178,000Source | 64,146,000Source | — | 43,254,000Source | 67,395,000Source | 39,270,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 1,160,921,000Source | 1,149,501,000Source | 1,138,980,000Source | 1,186,658,000Source | 1,096,562,000Source | 1,184,586,000Source | 1,252,564,000Source | 877,254,000Source | 1,179,289,000Source | 1,173,405,000Source | 982,979,000Source | 729,002,000Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 494,000Source | 546,000Source | 494,000Source | 495,000Source | 547,000Source | 494,000Source | 512,000Source | 548,000Source | 494,000Source | 534,000Source | 412,000Source | 287,000Source |
| Additional Paid in CapitalUSD | 930,580,000Source | 1,017,248,000Source | 930,393,000Source | 933,268,000Source | 1,019,617,000Source | 930,393,000Source | 959,251,000Source | 1,021,573,000Source | 930,393,000Source | 996,286,000Source | 776,719,000Source | 548,600,000Source |
| Retained Earnings (Accumulated Deficit)USD | -49,589,000Source | -27,185,000Source | -81,922,000Source | -46,025,000Source | -33,792,000Source | -66,775,000Source | -39,743,000Source | -23,888,000Source | -55,707,000Source | -26,500,000Source | -29,246,000Source | -23,930,000Source |
| Stockholders' Equity Attributable to ParentUSD | 881,485,000Source | 990,609,000Source | 848,965,000Source | 887,738,000Source | 986,372,000Source | 864,112,000Source | 920,020,000Source | 998,233,000Source | 875,180,000Source | 970,320,000Source | 747,885,000Source | 524,957,000Source |
| Liabilities and EquityUSD | 2,042,406,000Source | 2,140,110,000Source | 1,987,945,000Source | 2,074,396,000Source | 2,082,934,000Source | 2,048,698,000Source | 2,172,584,000Source | 1,875,487,000Source | 2,054,469,000Source | 2,143,725,000Source | 1,730,864,000Source | 1,253,959,000Source |
| Additional Financial Items | ||||||||||||
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | 877,000Source | 1,008,000Source | 855,000Source | 24,000Source |
| Long-term DebtUSD | 1,104,314,000Source | 1,101,964,000Source | 1,093,517,000Source | 1,114,257,000Source | 1,028,750,000Source | 1,139,425,000Source | 1,202,293,000Source | 825,500,000Source | 1,114,119,000Source | 1,114,929,000Source | 951,877,000Source | 705,447,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 149,000Source | — | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -13,738,000Source | -8,808,000Source | 194,156,000Source | -297,197,000Source | -369,525,000Source | -427,844,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | 0Source | 37,056,000Source | 65,746,000Source | 33,529,000Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 1,657,000Source | 14,682,000Source | -174,979,000Source | 273,056,000Source | 397,650,000Source | 431,928,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | — | — | — | — | — | 22,224,000Source | 29,467,000Source | 102,252,000Source | 95,231,000Source | 63,194,000Source | 34,659,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -12,081,000Source | 5,874,000Source | 19,177,000Source | -24,141,000Source | 28,125,000Source | 4,084,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 46,333,000Source | 69,354,000Source | 45,756,000Source | 44,008,000Source | 50,400,000Source | 49,178,000Source | 62,481,000Source | 43,304,000Source | 67,445,000Source | 39,320,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 23,312,000Source | 21,238,000Source | 71,824,000Source | 72,583,000Source | 57,965,000Source | 17,548,000Source |
| Additional Financial Items | ||||||||||||
| Amortization of Debt Issuance CostsUSD | — | — | 601,000Source | 679,000Source | 564,000Source | 593,000Source | 1,368,000Source | 1,956,000Source | 3,752,000Source | 4,166,000Source | 2,216,000Source | 1,408,000Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | — | — | — | — | — | — | -3,289,000Source | 1,103,000Source | -6,013,000Source | -13,198,000Source | -7,952,000Source | -262,000Source |
| Debt and Equity Securities, Unrealized Gain (Loss)USD | — | — | — | — | — | — | -7,813,000Source | -13,573,000Source | -21,562,000Source | 7,287,000Source | 714,000Source | -27,912,000Source |
| Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 823,000Source | — | — | — |
| InterestIncomeOperatingPaidInKindUSD | — | — | 2,369,000Source | 2,503,000Source | 2,391,000Source | 2,264,000Source | 3,122,000Source | 2,365,000Source | 9,868,000Source | 8,299,000Source | 3,644,000Source | 789,000Source |
| InvestmentCompanyDistributionOrdinaryIncomeUSD | — | — | — | — | — | — | — | — | 95,010,000Source | 112,712,000Source | 81,206,000Source | 44,236,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 18,658,000Source | 36,643,000Source | 3,594,000Source | 16,016,000Source | 8,687,000Source | 15,021,000Source | 65,614,000Source | 116,323,000Source | 75,938,000Source | 17,286,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | — | 0Source | 0Source | 241,657,000Source | 218,896,000Source | 174,588,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | — | — | — | — | — | — | -4,925,000Source | 36,000Source | 5,050,000Source | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 823,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | 18,658,000Source | 36,643,000Source | 3,594,000Source | 16,016,000Source | 8,687,000Source | 15,021,000Source | 65,614,000Source | 116,323,000Source | 75,938,000Source | 17,286,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.43Source | 0.58Source | — | 0.46Source | — | 0.53Source | 1.86Source | 2.26Source | 2.52Source | 1.95Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.43Source | 0.58Source | — | 0.46Source | — | 0.53Source | 1.86Source | 2.26Source | 2.52Source | 1.95Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 49,403,696Source | 54,688,860Source | 49,387,065Source | 50,183,714Source | 49,387,065Source | 52,211,340Source | 50,286,270Source | 54,118,379Source | 33,385,880,000Source | 23,279,341,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 49,403,696Source | 54,688,860Source | 49,387,065Source | 50,183,714Source | 49,387,065Source | 52,211,340Source | 50,286,270Source | 54,118,379Source | 33,385,880,000Source | 23,279,341,000Source |
| Additional Financial Items | ||||||||||||
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 674,000Source | — | — | — |
| Debt and Equity Securities, Realized Gain (Loss)USD | — | — | — | — | — | — | -3,289,000Source | 1,103,000Source | -6,013,000Source | -13,198,000Source | -7,952,000Source | -262,000Source |
| Debt and Equity Securities, Unrealized Gain (Loss)USD | — | — | — | — | — | — | -7,813,000Source | -13,573,000Source | -21,562,000Source | 7,287,000Source | 714,000Source | -27,912,000Source |
| InterestIncomeOperatingPaidInKindUSD | — | — | 2,369,000Source | 2,503,000Source | 2,391,000Source | 2,264,000Source | 3,122,000Source | 2,365,000Source | 9,868,000Source | 8,299,000Source | 3,644,000Source | 789,000Source |
| InvestmentIncomeOperatingAfterExpenseAndTaxUSD | — | — | 21,386,000Source | 31,489,000Source | 20,221,000Source | 22,856,000Source | 20,044,000Source | 27,452,000Source | 93,338,000Source | 122,388,000Source | 84,006,000Source | 45,484,000Source |
| Management Fee ExpenseUSD | — | — | 5,128,000Source | 3,873,000Source | 4,933,000Source | 5,179,000Source | 4,940,000Source | 3,914,000Source | 19,269,000Source | 14,683,000Source | 10,509,000Source | 7,464,000Source |
| Net Investment IncomeUSD | — | — | — | — | — | — | — | — | 93,524,000Source | 122,939,000Source | 84,012,000Source | 45,484,000Source |
| Other General and Administrative ExpenseUSD | — | — | 569,000Source | 145,000Source | 223,000Source | 411,000Source | 385,000Source | 342,000Source | 2,124,000Source | 1,068,000Source | 751,000Source | 684,000Source |
| Other IncomeUSD | — | — | 224,000Source | 444,000Source | 129,000Source | 539,000Source | 274,000Source | 375,000Source | 1,692,000Source | 2,031,000Source | 1,143,000Source | 1,571,000Source |