Morgan Stanley Direct Lending Fund Financial Summary

Quick Answer

Morgan Stanley Direct Lending Fund reported Net Income of $122.09 million for fiscal year 2025.

Morgan Stanley Direct Lending Fund — Key Financials by Year

Metric 2025 2024 2023 2022 2021 2020
Net Income $122.09M
-43.4%
$215.56M
-6.7%
$231.01M
+375.9%
$48.54M
-41.7%
$83.25M
Diluted EPS $1.40
-42.4%
$2.43
-21.9%
$3.11
+293.7%
$0.79
-70.4%
$2.67
Total Assets $3.92B
+0.2%
$3.91B
+18.3%
$3.31B
+10.7%
$2.99B
Cash and Equivalents $81.43M
+28.5%
$63.40M
-9.1%
$69.70M
-14.2%
$81.22M
Long-Term Debt $2.09B
+5.7%
$1.97B
+31.9%
$1.50B
-1.8%
$1.52B
Stockholders Equity $1.75B
-5.1%
$1.84B
+7.0%
$1.72B
+23.2%
$1.40B
+17.6%
$1.19B
+294.1%
$301.62M
Shares Outstanding 86.28M
-2.5%
88.51M
+6.3%
83.28M
+18.1%
70.54M
+24.1%
56.84M
+278.3%
15.02M

Most Recent Quarter

Metric Quarter Ending Value YoY QoQ
Net Income September 30, 2025 $27.60M -48.1% -23.5%
Diluted EPS September 30, 2025 $0.32 -46.7% -22.0%
Total Assets September 30, 2025 $3.93B +3.7% +0.3%
Cash and Equivalents September 30, 2025 $65.47M -27.6% +25.4%
Long-Term Debt September 30, 2025 $2.07B +12.5% +1.1%
Stockholders Equity September 30, 2025 $1.77B -4.4% -1.0%
Shares Outstanding September 30, 2025 86.81M -2.5% -0.2%
  • Morgan Stanley Direct Lending Fund reported Net Income of $122.09 million for fiscal year 2025.
  • Morgan Stanley Direct Lending Fund showed a decrease of -43.4% in Net Income compared to the prior fiscal year.
  • Morgan Stanley Direct Lending Fund reported Diluted EPS of $1.40 per share for fiscal year 2025.
  • Morgan Stanley Direct Lending Fund showed a decrease of -42.4% in Diluted EPS compared to the prior fiscal year.
  • Morgan Stanley Direct Lending Fund reported Total Assets of $3.92 billion for fiscal year 2025.
  • Morgan Stanley Direct Lending Fund showed an increase of +0.2% in Total Assets compared to the prior fiscal year.
  • Morgan Stanley Direct Lending Fund reported Cash and Equivalents of $81.43 million for fiscal year 2025.
  • Morgan Stanley Direct Lending Fund showed an increase of +28.5% in Cash and Equivalents compared to the prior fiscal year.
  • Morgan Stanley Direct Lending Fund reported Long-Term Debt of $2.09 billion for fiscal year 2025.
  • Morgan Stanley Direct Lending Fund showed an increase of +5.7% in Long-Term Debt compared to the prior fiscal year.
  • Morgan Stanley Direct Lending Fund reported Stockholders Equity of $1.75 billion for fiscal year 2025.
  • Morgan Stanley Direct Lending Fund showed a decrease of -5.1% in Stockholders Equity compared to the prior fiscal year.
  • Morgan Stanley Direct Lending Fund reported Shares Outstanding of 86.28 million shares for fiscal year 2025.
  • Morgan Stanley Direct Lending Fund showed a decrease of -2.5% in Shares Outstanding compared to the prior fiscal year.
  • All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.

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