Nuveen Churchill Direct Lending Corp. financial statements
Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Nuveen Churchill Direct Lending Corp. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2023
FY2023
FY2024
FY2025
Interest expense
9.83
25.7
61.2
79.9
77.9
Income tax
0.82
Net income
27.3
17.3
75.9
116
65.6
EPS, basic
1.58
1.95
2.52
2.26
1.86
EPS, diluted
1.58
1.95
2.52
2.26
1.86
Shares, basic (weighted)
12,849
23.3
33.4
54.1
50.3
Shares, diluted (weighted)
12,849
23.3
33.4
54.1
50.3
Balance sheet
FY2021
FY2023
FY2023
FY2024
FY2025
Cash and equivalents
35.2
39.3
67.4
43.3
62.5
Total assets
1,254
1,731
2,144
2,054
Total liabilities
729
983
1,173
1,179
Total debt
705
952
1,115
1,114
Paid-in capital
549
777
996
930
Retained earnings
-23.9
-29.2
-26.5
-55.7
Shareholders' equity
374
525
748
970
875
Total equity
374
525
748
970
875
Total liabilities and equity
1,254
1,731
2,144
2,054
Shares outstanding
19.3
28.7
41.2
53.4
49.4
Cash flow statement
FY2021
FY2023
FY2023
FY2024
FY2025
Net income
27.3
17.3
75.9
116
65.6
Deferred income tax
0.15
Change in payables
0.04
1.66
0.21
0.86
0.25
Cash from operations
-389
-428
-370
-297
194
Debt issued
811
884
918
Debt repaid
-564
-721
-919
Stock issued
209
175
219
242
0
Share buybacks
0
0
-33.5
-65.7
Dividends paid
-14.7
-34.7
-63.2
-95.2
-102
Cash from financing
412
432
398
273
-175
Net change in cash
22.6
4.08
28.1
-24.1
19.2
Interest paid
9.74
17.5
58
72.6
71.8
Income taxes paid
0
0
0.01
0.7
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $11.70 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
5.5%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
2.4%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Net income growth, 1y
-43.6%
Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y
56.0%
Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y
-17.7%
EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y
-1.6%
Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
-9.8%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
18.6%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-4.2%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
17.9%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
-7.1%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
29.3%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Debt / equity
1.29x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
55.0%
Total debt / total assets.
Liabilities / assets
57.3%
Total liabilities / total assets.
Net debt
$1.05B
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share
$2.29
Cash from operations / diluted weighted shares.
Book value per share
$17.19
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Dividends paid / net income, when net income is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$577.8M
Share price x shares outstanding.
Enterprise value
$1.63B
Market cap + total debt - cash - short-term investments.
P/E
12.3x
Market cap / net income. Only when net income is positive.
P/B
0.68x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.68x
Market cap / tangible book value, when positive.
P/OCF
5.11x
Market cap / cash from operations, when positive.
Earnings yield
8.1%
Net income / market cap (the inverse of P/E).
Dividend yield
15.0%
Dividends paid over the period / market cap.
Shareholder yield
15.4%
(Dividends paid + share buybacks) / market cap.
Was Nuveen Churchill Direct Lending Corp. profitable in fiscal 2025?
Yes. Net income was $65.6M, a net margin of -.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.