Morgan Stanley Direct Lending Fund Net Income History
MSDL|5 years of SEC 10-K data (FY2021-FY2025)
$122M in FY2025 with a 3-year CAGR of +36.0%.
Declined from $231M to $122M over the past 2 years.
Declined from $231M to $122M over the past 2 years.
Based on SEC 10-K filings.
- 3-Year CAGR
- +36.0%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Net Income Trend
Key Insights
- 3-year CAGR of +36.0%, indicating consistent growth.
- In FY2025, net income decreased 43.4% year-over-year.
- Peak net income was recorded in FY2023.
- Lowest net income in the period was in FY2022.
Annual Data
| Year | Net Income | YoY Growth |
|---|---|---|
| FY2025 | $122.1M | -43.4% |
| FY2024 | $215.6M | -6.7% |
| FY2023 | $231.0M | +375.9% |
| FY2022 | $48.5M | -41.7% |
| FY2021 | $83.3M | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026