Every 10-Q that Nuveen Churchill Direct Lending Corp (NCDL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow NCDL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NCDL filings page.
Nuveen Churchill Direct Lending Corp. reports softer results for the quarter ended September 30, 2025. Total assets were $2.04 billion, down from $2.14 billion at December 31, 2024, with investment portfolio fair value of $1.97 billion versus cost of $1.999 billion. Debt outstanding was $1.11 billion, supporting a diversified loan book across sectors such as automotive, food and beverage, construction, and business services.
Net asset value was $881.5 million, down from $970.3 million, and NAV per share slipped to $17.85 from $18.18 as shares outstanding fell to 49.4 million from 53.4 million. For the quarter, net investment income was $21.4 million versus $31.5 million a year earlier, while net increase in net assets from operations was $18.7 million versus $36.6 million, reflecting lower interest income and higher net realized and unrealized losses on investments. The company paid $22.2 million of distributions in the quarter and generated $165.6 million of operating cash flow over the first nine months of 2025.