Morgan Stanley Direct Lending Fund Operating Cash Flow History
MSDL|5 years of SEC 10-K data (FY2021-FY2025)
$151M in FY2025.
Improved from -$84M to $151M over the past 2 years.
Improved from -$84M to $151M over the past 2 years.
Based on SEC 10-K filings.
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Operating Cash Flow Trend
Key Insights
- In FY2025, operating cash flow increased 139.4% year-over-year.
- Lowest operating cash flow in the period was in FY2021.
Annual Data
| Year | Operating Cash Flow | YoY Growth |
|---|---|---|
| FY2025 | $150.9M | +139.4% |
| FY2024 | -$382.5M | -356.3% |
| FY2023 | -$83.8M | +80.5% |
| FY2022 | -$429.8M | +74.1% |
| FY2021 | -$1.7B | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026