MSDL
Morgan Stanley Direct Lending Fund·NYSE
--
--(--)
--
--(--)
MSDL fundamentals
During Q4 2025, Morgan Stanley Direct Lending Fund (MSDL) reported revenue of 96.60M, a YoY change of -6.25%. Net income was 28.73M, a YoY change of -44.36%. Click to view the full income statement and explore the company's earnings performance.
Income Statement
Q3,2019 | Q4,2019 | Q1,2020 | Q2,2020 | Q3,2020 | Q4,2020 | Q1,2021 | Q2,2021 | Q3,2021 | Q4,2021 | Q1,2022 | Q2,2022 | Q3,2022 | Q4,2022 | Q1,2023 | Q2,2023 | Q3,2023 | Q4,2023 | Q1,2024 | Q2,2024 | Q3,2024 | Q4,2024 | Q1,2025 | Q2,2025 | Q3,2025 | Q4,2025 | TTM |
|---|
Start Date | Jul 1, 2019 | Oct 1, 2019 | Jan 1, 2020 | Apr 1, 2020 | Jul 1, 2020 | Oct 1, 2020 | Jan 1, 2021 | Apr 1, 2021 | Jul 1, 2021 | Oct 1, 2021 | Jan 1, 2022 | Apr 1, 2022 | Jul 1, 2022 | Oct 1, 2022 | Jan 1, 2023 | Apr 1, 2023 | Jul 1, 2023 | Oct 1, 2023 | Jan 1, 2024 | Apr 1, 2024 | Jul 1, 2024 | Oct 1, 2024 | Jan 1, 2025 | Apr 1, 2025 | Jul 1, 2025 | Oct 1, 2025 | -- |
End Date | Sep 30, 2019 | Dec 31, 2019 | Mar 31, 2020 | Jun 30, 2020 | Sep 30, 2020 | Dec 31, 2020 | Mar 31, 2021 | Jun 30, 2021 | Sep 30, 2021 | Dec 31, 2021 | Mar 31, 2022 | Jun 30, 2022 | Sep 30, 2022 | Dec 31, 2022 | Mar 31, 2023 | Jun 30, 2023 | Sep 30, 2023 | Dec 31, 2023 | Mar 31, 2024 | Jun 30, 2024 | Sep 30, 2024 | Dec 31, 2024 | Mar 31, 2025 | Jun 30, 2025 | Sep 30, 2025 | Dec 31, 2025 | -- |
Fiscal Year-End | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | -- |
Revenue | -- -- | 0 -- | 923.00K -- | 3.89M -- | 5.66M -- | 11.43M -- | 17.34M +1779.20% | 26.41M +579.02% | 31.73M +460.68% | 44.33M +287.79% | 44.30M +155.43% | 49.99M +89.27% | 62.72M +97.67% | 73.58M +65.98% | 83.64M +88.78% | 88.89M +77.81% | 94.45M +50.59% | 100.75M +36.94% | 99.10M +18.49% | 104.19M +17.20% | 109.75M +16.20% | 103.03M +2.26% | 101.46M +2.38% | 99.51M -4.49% | 99.72M -9.14% | 96.60M -6.25% | 397.29M -- |
Cost of Revenue | -- -- | 0 -- | -- -- | -- -- | -- -- | 0 -- | -- -- | -- -- | -- -- | 0 -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- |
Operating Expenses | 278.00K -- | 572.00K -- | 395.00K -- | 1.26M -- | 2.84M +923.02% | -- -- | 4.52M +1045.06% | 6.18M +391.96% | 6.64M +133.33% | -- -- | 7.44M +64.51% | 6.80M +10.03% | 10.30M +55.27% | -- -- | 12.75M +71.35% | 13.19M +93.89% | 14.19M +37.72% | 15.14M -- | 16.75M +31.40% | 18.27M +38.46% | 17.37M +22.39% | 18.09M +19.45% | 20.42M +21.91% | 20.94M +14.67% | 21.69M +24.86% | 19.26M +6.47% | 82.31M -- |
Selling, General and Administrative Expenses | -- -- | 47.00K -- | 57.00K -- | 71.00K -- | 381.00K -- | -- -- | 289.00K +407.02% | 542.00K +663.38% | 314.00K -17.59% | -- -- | 426.00K +47.40% | 121.00K -77.68% | 405.00K +28.98% | -- -- | 222.00K -47.89% | 257.00K +112.40% | 14.11M +3382.96% | 15.05M -- | 16.61M +7381.08% | 18.14M +6957.20% | 17.24M +22.21% | 17.96M +19.32% | 20.30M +22.20% | 20.81M +14.76% | 21.56M +25.05% | 19.13M +6.52% | 81.80M -- |
Other Operating Expenses | 278.00K -- | 525.00K -- | 338.00K -- | 1.19M -- | 2.46M +785.97% | -- -- | 4.23M +1152.66% | 5.64M +375.72% | 6.32M +156.68% | -- -- | 7.01M +65.68% | 6.68M +18.45% | 9.90M +56.58% | -- -- | 12.53M +78.59% | 12.94M +93.55% | 85.00K -99.14% | 92.00K -- | 146.00K -98.83% | 128.00K -99.01% | 130.00K +52.94% | 129.00K +40.22% | 129.00K -11.64% | 130.00K +1.56% | 129.00K -0.77% | 129.00K -- | 517.00K -- |
Operating Income | -278.00K -- | -572.00K -- | 528.00K -- | 2.63M -- | 2.81M +1112.59% | -- -- | 12.82M +2328.41% | 20.23M +668.33% | 25.09M +791.40% | -- -- | 36.86M +187.50% | 43.19M +113.49% | 52.41M +108.88% | -- -- | 70.89M +92.30% | 75.70M +75.28% | 73.41M +40.05% | 58.91M -- | 52.12M -26.48% | 59.55M -21.34% | 53.71M -26.84% | 52.63M -10.66% | 30.30M -41.87% | 36.30M -39.04% | 28.00M -47.86% | 30.31M -42.40% | 124.91M -- |
Non-Operating Income (Loss) | -- -- | -- -- | -419.00K -- | -664.00K -- | -967.00K -- | -- -- | -2.76M -558.23% | -4.22M -535.24% | -6.27M -548.71% | -- -- | -10.35M -275.24% | -13.78M -226.72% | -18.60M -196.52% | -- -- | -26.67M -157.68% | -27.91M -102.50% | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- |
Gain (Loss) on Change in Fair Value | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 22.83M -- | 1.93M -- | 2.66M -- | 2.82M -- | 5.44M -76.16% | 988.00K -48.70% | -17.11M -743.57% | -7.75M -375.32% | -16.13M -396.42% | -5.60M -666.60% | -46.59M -- |
Gain (Loss) on Foreign Currency Exchange | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 0 -- | 0 -- | 0 -- | 0 -- | -95.00K -- | -14.00K -- | 167.00K -- | -20.00K -- | 3.00K +103.16% | 136.00K -- |
Net Interest Expense | -- -- | -- -- | 419.00K -- | 664.00K -- | 967.00K -- | -- -- | 2.76M +558.23% | 4.22M +535.24% | 6.27M +548.71% | -- -- | 10.35M +275.24% | 13.78M +226.72% | 18.60M +196.52% | -- -- | 26.67M +157.68% | 27.91M +102.50% | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- |
Interest Expense | -- -- | -- -- | 419.00K -- | 664.00K -- | 967.00K -- | -- -- | 2.76M +558.23% | 4.22M +535.24% | 6.27M +548.71% | -- -- | 10.35M +275.24% | 13.78M +226.72% | 18.60M +196.52% | -- -- | 26.67M +157.68% | 27.91M +102.50% | 29.69M +59.59% | 28.62M -- | 27.26M +2.22% | 29.30M +5.00% | 33.15M +11.68% | 33.21M +16.04% | 34.18M +25.38% | 34.71M +18.45% | 33.90M +2.26% | 33.34M +0.39% | 136.13M -- |
Interest Income | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 92.68M -- | 98.89M -- | 97.84M -- | 102.57M -- | 107.95M +16.47% | 101.36M +2.50% | 99.76M +1.97% | 98.33M -4.13% | 98.25M -8.98% | 94.38M -6.89% | 390.73M -- |
Pretax Income From Continuing Operations | -278.00K -- | -572.00K -- | 109.00K -- | 1.97M -- | 1.85M +764.75% | 6.71M +1272.90% | 10.06M +9133.03% | 16.01M +713.20% | 18.82M +918.40% | 28.11M +319.03% | 26.51M +163.45% | 29.41M +83.67% | 33.81M +79.67% | 38.61M +37.32% | 44.22M +66.79% | 47.80M +62.52% | 50.57M +49.57% | 56.99M +47.62% | 55.09M +24.57% | 56.62M +18.47% | 59.23M +17.12% | 51.73M -9.22% | 46.85M -14.94% | 43.86M -22.54% | 44.13M -25.49% | 44.00M -14.96% | 178.84M -- |
Income Tax Expense | -- -- | 0 -- | -- -- | -- -- | -- -- | 0 -- | 5.00K -- | -- -- | -- -- | 75.00K -- | -- -- | -- -- | -- -- | 334.00K +345.33% | -- -- | -- -- | -- -- | 1.52M +354.79% | 436.00K -- | 500.00K -- | 501.00K -- | 1.00M -34.17% | 627.00K +43.81% | 200.00K -60.00% | 402.00K -19.76% | 1.58M +58.50% | 2.81M -- |
Other Items Before Net Income | -- -- | -- -- | -3.79M -- | 3.31M -- | 4.77M -- | -- -- | 4.64M +222.48% | 3.89M +17.54% | 3.42M -28.40% | -- -- | -4.27M -191.94% | -32.67M -940.76% | -24.37M -813.47% | -- -- | -445.00K +89.57% | 8.65M +126.47% | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- |
Net Income | -278.00K -- | -572.00K -- | -3.68M -- | 5.28M -- | 6.62M +2480.94% | 10.08M +1862.94% | 14.70M +499.38% | 19.90M +277.21% | 22.24M +235.94% | 26.42M +162.00% | 22.25M +51.32% | -3.26M -116.40% | 9.44M -57.54% | 20.12M -23.86% | 43.78M +96.79% | 56.44M +1829.76% | 73.41M +677.46% | 57.39M +185.27% | 51.68M +18.06% | 59.05M +4.61% | 53.21M -27.52% | 51.63M -10.03% | 29.67M -42.59% | 36.10M -38.87% | 27.60M -48.12% | 28.73M -44.36% | 122.09M -- |
Net Income Attributable to Owners of the Company | -278.00K -- | -572.00K -- | -3.68M -- | 5.28M -- | 6.62M +2480.94% | -- -- | 14.70M +499.38% | 19.90M +277.21% | 22.24M +235.94% | -- -- | 22.25M +51.32% | -3.26M -116.40% | 9.44M -57.54% | -- -- | 43.78M +96.79% | 56.44M +1829.76% | 73.41M +677.46% | 57.39M -- | 51.68M +18.06% | 59.05M +4.61% | 53.21M -27.52% | 51.63M -10.03% | 29.67M -42.59% | 36.10M -38.87% | 27.60M -48.12% | 28.73M -44.36% | 122.09M -- |
Net Income Attributable to Common Stockholders | -278.00K -- | -572.00K -- | -3.68M -- | 5.28M -- | 6.62M +2480.94% | -- -- | 14.70M +499.38% | 19.90M +277.21% | 22.24M +235.94% | -- -- | 22.25M +51.32% | -3.26M -116.40% | 9.44M -57.54% | -- -- | 43.78M +96.79% | 56.44M +1829.76% | 73.41M +677.46% | 57.39M -- | 51.68M +18.06% | 59.05M +4.61% | 53.21M -27.52% | 51.63M -10.03% | 29.67M -42.59% | 36.10M -38.87% | 27.60M -48.12% | 28.73M -44.36% | 122.09M -- |
Other Comprehensive Income | -- -- | 0 -- | -- -- | -- -- | -- -- | 0 -- | -- -- | -- -- | -- -- | 0 -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- |
Total Comprehensive Income | -- -- | 0 -- | -- -- | -- -- | -- -- | 0 -- | -- -- | -- -- | -- -- | 0 -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- |
Basic EPS | -- -- | -- -- | -1.19 -- | 0.99 -- | 0.91 -- | -- -- | 0.87 +173.11% | 0.78 -21.21% | 0.64 -29.67% | -- -- | 0.39 -55.17% | -0.06 -107.69% | 0.15 -76.56% | -- -- | 0.62 +58.97% | 0.79 +1416.67% | 1.02 +580.00% | -- -- | 0.59 -4.84% | 0.66 -16.46% | 0.6 -41.18% | 0.58 -- | 0.34 -42.37% | 0.41 -37.88% | 0.32 -46.67% | 0.33 -43.10% | 1.4 -- |
Basic EPS from Continuing Operations | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 1.02 -- | -- -- | 0.59 -- | 0.66 -- | 0.6 -41.18% | -- -- | 0.34 -42.37% | 0.41 -37.88% | 0.32 -46.67% | -- -- | -- -- |
Diluted EPS | -- -- | -- -- | -1.19 -- | 0.99 -- | 0.91 -- | -- -- | 0.87 +173.11% | 0.78 -21.21% | 0.64 -29.67% | -- -- | 0.39 -55.17% | -0.06 -107.69% | 0.15 -76.56% | -- -- | 0.62 +58.97% | 0.79 +1416.67% | 1.02 +580.00% | -- -- | 0.59 -4.84% | 0.66 -16.46% | 0.6 -41.18% | -- -- | 0.34 -42.37% | 0.41 -37.88% | 0.32 -46.67% | -- -- | -- -- |
Diluted EPS from Continuing Operations | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 1.02 -- | -- -- | 0.59 -- | 0.66 -- | 0.6 -41.18% | -- -- | 0.34 -42.37% | 0.41 -37.88% | 0.32 -46.67% | -- -- | -- -- |
You can ask Aime
Did Morgan Stanley Direct Lending Fund beat or miss consensus estimates last quarter?What is Morgan Stanley Direct Lending Fund's gross profit margin?What is Morgan Stanley Direct Lending Fund's latest dividend and current dividend yield?What is the revenue and EPS growth rate for Morgan Stanley Direct Lending Fund year over year?What guidance did Morgan Stanley Direct Lending Fund's management provide for the next earnings period?What is the market's earnings forecast for Morgan Stanley Direct Lending Fund next quarter?What were the key takeaways from Morgan Stanley Direct Lending Fund’s earnings call?What does Morgan Stanley Direct Lending Fund do and what are its main business segments?
ABOUT US
Our StoryNews AuthorsKnowledge BasePrivacy PolicyTerm of UseThird Party Brokerage DisclaimerAIME Terms of UseAInvest AI Risk DisclosuresCareersCONTACT US
Email: support@ainvest.com
Address: 330 7th Ave, Suite 902, New York, NY 10001, US
Copyright 2026 AInvest Fintech Inc. All rights reserved.
