Morgan Stanley Direct Lending Fund
Quarterly Financials
| Values in thousands | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
Revenue | $75,057 | $86,923 | $64,684 | $73,044 |
Gross Profit | 59,766 | 69,987 | 30,781 | 38,337 |
EBITDA | 26,155 | 62,071 | 28,003 | 36,296 |
EBIT | 0 | |||
Net Income | -4,510 | 28,727 | 27,601 | 36,096 |
Net Change In Cash | 75,057 | 86,923 | 64,684 | 73,044 |
Free Cash Flow | 31,468 | 53,754 | 39,008 | 40,806 |
Cash | 80,657 | 81,434 | 65,472 | 75,806 |
Basic Shares | 85,775 | 87,270 | 86,844 | 87,189 |
Annual Financials
| Values in thousands | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
Revenue | $386,993 | $332,522 | $328,129 | $100,216 |
Gross Profit | 313,571 | 209,594 | 215,246 | 33,034 |
EBITDA | 258,226 | 218,001 | 232,533 | 48,876 |
EBIT | 0 | 155,255 | 102,589 | |
Net Income | 122,094 | 215,564 | 231,014 | 48,542 |
Net Change In Cash | 386,993 | 332,522 | 328,129 | 100,216 |
Free Cash Flow | 150,898 | 201,470 | 185,780 | 121,594 |
Cash | 81,434 | 70,372 | 69,705 | 81,215 |
Basic Shares | 87,270 | 89,264 | 88,278 | 88,278 |
Earnings Calls
| Quarter | EPS |
|---|---|
2026-03-31 | $0.47 |
2025-12-31 | $0.49 |
2025-09-30 | $0.32 |
2025-06-30 | $0.50 |