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Morgan Stanley Direct Lending Fund (MSDL) Revenue & Revenue Breakdown

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Morgan Stanley Direct Lending Fund Revenue Highlights

Latest Revenue (Y)

$397.29M

Latest Revenue (Q)

$89.06M

Morgan Stanley Direct Lending Fund Revenue by Period

Morgan Stanley Direct Lending Fund Revenue by Year

DateRevenueChange
2025-12-31$397.29M19.48%
2024-12-31$332.52M1.34%
2023-12-31$328.13M227.42%
2022-12-31$100.22M1.62%
2021-12-31$98.62M320.22%
2020-12-31$23.47M100.00%
2019-12-31--

Morgan Stanley Direct Lending Fund generated $397.29M in revenue during NA 2025, up 19.48% compared to the previous quarter, and up 1692.82% compared to the same period a year ago.

Morgan Stanley Direct Lending Fund Revenue by Quarter

DateRevenueChange
2026-03-31$89.06M2.46%
2025-12-31$86.92M34.38%
2025-09-30$64.68M-11.45%
2025-06-30$73.04M11.62%
2025-03-31$65.44M-22.13%
2024-12-31$84.03M-1.14%
2024-09-30$85.00M-2.21%
2024-06-30$86.92M13.52%
2024-03-31$76.57M-7.59%
2023-12-31$82.86M-16.14%
2023-09-30$98.80M23.57%
2023-06-30$79.96M20.22%
2023-03-31$66.51M65.56%
2022-12-31$40.17M65.25%
2022-09-30$24.31M268.26%
2022-06-30$6.60M-77.34%
2022-03-31$29.13M-8.61%
2021-12-31$31.88M20.01%
2021-09-30$26.56M14.13%
2021-06-30$23.28M37.71%
2021-03-31$16.90M47.86%
2020-12-31$11.43M77.28%
2020-09-30$6.45M22.70%
2020-06-30$5.25M469.34%
2020-03-31$923.00K-

Morgan Stanley Direct Lending Fund generated $89.06M in revenue during Q1 2026, up 2.46% compared to the previous quarter, and up 105.99% compared to the same period a year ago.

Morgan Stanley Direct Lending Fund Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
QFINQfin$16.29B$3.32B
FINVFinVolution Group$12.55B$3.17B
MBINMerchants Bancorp$1.37B$317.11M
FRMEFirst Merchants$1.05B$253.30M
SRCE1st Source$600.00M$126.13M
STBAS&T Bancorp$568.51M$139.97M
TCBKTriCo Bancshares$533.31M$134.87M
MSDLMorgan Stanley Direct Lending Fund$397.29M$89.06M
GAMGeneral American Investors$288.94M$5.99M
OXLCOxford Lane Capital$246.66M$157.58M

MSDL Revenue FAQ

What is Morgan Stanley Direct Lending Fund’s yearly revenue?

Morgan Stanley Direct Lending Fund's yearly revenue for 2025 was $397.29M, representing an increase of 19.48% compared to 2024. The company's yearly revenue for 2024 was $332.52M, representing an increase of 1.34% compared to 2023. MSDL's yearly revenue for 2023 was $328.13M, representing an increase of 227.42% compared to 2022.

What is Morgan Stanley Direct Lending Fund’s quarterly revenue?

Morgan Stanley Direct Lending Fund's quarterly revenue for Q1 2026 was $89.06M, a 2.46% increase from the previous quarter (Q4 2025), and a 36.10% increase year-over-year (Q1 2025). The company's quarterly revenue for Q4 2025 was $86.92M, a 34.38% increase from the previous quarter (Q3 2025), and a 3.44% increase year-over-year (Q4 2024). MSDL's quarterly revenue for Q3 2025 was $64.68M, a -11.45% decrease from the previous quarter (Q2 2025), and a -23.90% decrease year-over-year (Q3 2024).

What is Morgan Stanley Direct Lending Fund’s revenue growth rate?

Morgan Stanley Direct Lending Fund's revenue growth rate for the last 3 years (2023-2025) was 21.08%, and for the last 5 years (2021-2025) was 302.84%.