MSDL · XBRL financial data
Morgan Stanley Direct Lending Fund financial statements, every fiscal year
The same tables from 3 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (MSDL's year ends in late December)
| In millions of dollars | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|
| Interest expense | 113 | 123 | 136 |
| Net income (loss) | 231 | 216 | 122 |
| Earnings per share, basic USD per share | 3.11 | 2.43 | 1.40 |
| Earnings per share, diluted USD per share | 3.11 | 2.43 | 1.40 |
| Weighted average shares, basic millions of shares | 74 | 89 | 87 |
| Weighted average shares, diluted millions of shares | 74 | 89 | 87 |
Balance sheet
CSVFiscal years (MSDL's year ends in late December)
| In millions of dollars | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|
| Cash and cash equivalents | 70 | 72 | 81 |
| Short-term investments | — | 9 | 13 |
| Total assets | 3,307 | 3,912 | 3,920 |
| Total liabilities | 1,586 | 2,070 | 2,172 |
| Retained earnings (accumulated deficit) | 8 | 30 | (20) |
| Total stockholders' equity | 1,721 | 1,842 | 1,748 |
| Total liabilities and equity | 3,307 | 3,912 | 3,920 |
| Common shares outstanding (cover page) millions of shares | 89 | 88 | 86 |
Cash flows
CSVFiscal years (MSDL's year ends in late December)
| In millions of dollars | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|
| Net income (loss) | 231 | 216 | 122 |
| Net cash from operating activities | (84) | (374) | 151 |
| Proceeds from issuing common stock | 223 | 96 | (0) |
| Share repurchases | 0 | 18 | 42 |
| Dividends paid | 110 | 169 | 184 |
| Proceeds from long-term debt | 408 | 1,189 | 1,552 |
| Repayments of long-term debt | 438 | 712 | 1,447 |
| Net cash from financing activities | 72 | 376 | (133) |
| Net change in cash | (12) | — | — |
Compare with peers
No SIC code on file for this company, so there is no peer list.
No peers in the same industry and size range yet.
Not investment advice. Not affiliated with the U.S. SEC.
Data on this page was fetched . The filing on SEC.gov is the record.