MSDL
Morgan Stanley Direct Lending Fund
NYSE · Financial Services · Financial - Conglomerates · US
$15.25
+0.33%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 309.3M | 387.0M | 332.5M | 328.1M | 100.2M |
| Cost of Revenue | 98.1M | 73.4M | 122.9M | 112.9M | 67.2M |
| Gross Profit | 211.1M | 313.6M | 209.6M | 215.2M | 33.0M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 7.1M | 8.3M | 7.6M | 5.6M | 4.2M |
| General & Admin Expense | 7.1M | 8.3M | 7.6M | 5.6M | 4.2M |
| Selling & Marketing Expense | — | — | — | — | — |
| Other Expenses | 39.3M | 47.2M | (16.0M) | (22.9M) | (20.0M) |
| Total Operating Expenses | 46.4M | 55.5M | (8.4M) | (17.3M) | (15.8M) |
| Cost and Expenses | 144.5M | 128.9M | 114.5M | 95.6M | 51.3M |
| Operating Income (EBIT) | 164.7M | 258.1M | 218.0M | 232.5M | 48.9M |
| Non-Operating | |||||
| Interest Income | 356.9M | 371.8M | 407.1M | 359.8M | 224.7M |
| Interest Expense | 129.9M | 136.1M | 122.9M | 112.9M | 67.2M |
| Net Interest Income | 227.0M | 235.7M | 284.2M | 246.9M | 157.6M |
| Other Non-Op Income/Expense | (103.8M) | (136.0M) | — | — | — |
| Non-Operating Income (excl Interest) | 7.8M | (136.0K) | — | — | — |
| EBT (Pre-Tax Income) | 60.9M | 122.1M | 218.0M | 232.5M | 48.9M |
| Income Tax Expense | 1.2M | — | 2.4M | 1.5M | 334.0K |
| Bottom Line | |||||
| Net Income | 59.7M | 122.1M | 215.6M | 231.0M | 48.5M |
| Earnings from Cont. Ops | 59.7M | 122.1M | 215.6M | 231.0M | 48.5M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 59.7M | 122.1M | 215.6M | 231.0M | 48.5M |
| Per Share | |||||
| Basic EPS | $0.69 | $1.40 | $2.43 | $2.62 | $0.55 |
| Diluted EPS | $0.69 | $1.40 | $2.43 | $2.62 | $0.55 |
| Revenue Per Share | $3.65 | $4.43 | $3.73 | $3.72 | $1.14 |
| Shares | |||||
| Basic Shares Outstanding | 84.8M | 87.3M | 89.3M | 88.3M | 88.3M |
| Diluted Shares Outstanding | 84.8M | 87.3M | 89.3M | 88.3M | 88.3M |
| Profitability Metrics | |||||
| EBITDA | 157.0M | 258.2M | 218.0M | 232.5M | 48.9M |
| D&A | — | — | — | — | — |
| EBIT | 157.0M | 258.2M | 218.0M | 232.5M | 48.9M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026