Quick Answer
Morgan Stanley Direct Lending Fund reported Net Income of $122.09 million for fiscal year 2025.
Morgan Stanley Direct Lending Fund Net Income — Annual History
| Fiscal Year | Net Income | YoY Change |
|---|---|---|
| 2025 | $122.09M | -43.4% |
| 2024 | $215.56M | -6.7% |
| 2023 | $231.01M | +375.9% |
| 2022 | $48.54M | -41.7% |
| 2021 | $83.25M | — |
Quarterly Net Income
| Quarter Ending | Net Income | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $27.60M | -48.1% | -23.5% |
| June 30, 2025 | $36.10M | -38.9% | +21.7% |
| March 31, 2025 | $29.67M | -42.6% | -44.2% |
| September 30, 2024 | $53.21M | -27.5% | -9.9% |
| June 30, 2024 | $59.05M | +4.6% | +14.2% |
| March 31, 2024 | $51.68M | +18.1% | -29.6% |
| September 30, 2023 | $73.41M | +677.5% | +30.1% |
| June 30, 2023 | $56.44M | +1829.8% | +28.9% |
- Morgan Stanley Direct Lending Fund showed a decrease of -43.4% in Net Income compared to the prior fiscal year.
- Over the 2021–2025 period, Morgan Stanley Direct Lending Fund’s net income has grown by 46.7% (from $83.25 million to $122.09 million).
- The most recent figure is from Morgan Stanley Direct Lending Fund’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 26, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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