Jun 2026 (Q2 FY26) — Aug 7, 2026
Morgan Stanley Direct Lending Fund Q2 FY26 — Solid Portfolio Health Amidst Market Transition
Read the full callMorgan Stanley Direct Lending Fund (MSDL) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Morgan Stanley Direct Lending Fund earnings: last reported Fri, 7 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 7.9 | −78.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$12.78 −1.92% · −$0.25
Performance −24.0% 1Y
1Y: $16.82 on 17 Oct 2025 → $12.78. High $17.79 (10 Dec 2025), low $12.78 (19 Oct 2026).
- Previous close
- $13.03
- 52-week range
- $12.78 – $17.79
- One year
- −24.47%
Overview
- Symbol
- MSDL
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
Morgan Stanley Direct Lending Fund earnings calls (MSDL)
Financials
What the filings say
Net profit, year on year: −78% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Interest | 33 | 33 | 34 | 35 | 34 | 33 | 31 | 32 |
| Net profit | 53 | 52 | 30 | 36 | 28 | 29 | -5 | 8 |
| EPS ($ per share) | 0.60 | — | 0.34 | 0.41 | 0.32 | — | -0.05 | 0.09 |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Equity capital | — | — | 0 | 0 | 0 | 0 |
| Reserves | — | — | -55 | 8 | 30 | -20 |
| Total liabilities | — | — | 1,589 | 1,586 | 2,070 | 2,172 |
| Investments | — | — | — | — | 9 | 13 |
| Total assets | — | — | 2,986 | 3,307 | 3,912 | 3,920 |
| Line item | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash from operations | -1,661 | -430 | -84 | -383 | 151 |
| Cash from financing | 1,724 | 437 | 72 | 376 | -133 |
| Net cash flow | 63 | 7 | -12 | — | — |
Insider filings
7 filings between Nov 10, 2025 and Mar 5, 2026.
Open market
decisions to buy or sellPurchases
$399.9K
7 purchases by 6 insiders
Sales
None
No insider sold shares.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| MILLER DAVID N | $146.8K | — | Mar 3, 2026 |
| Occi Michael Jr. | $104.1K | — | Mar 2, 2026 |
| Day Jeff M. | $74.5K | — | Mar 5, 2026 |
| Krishnan Ashwin | $50.2K | — | Nov 11, 2025 |
| Mizrachi Orit | $14.5K | — | Mar 3, 2026 |
| FRANK BRUCE D | $9.8K | — | Nov 10, 2025 |
Latest filings (19)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Mar 5, 2026 | Day Jeff M. Co-President | Purchase | 5,000 | $74.5K |
| Mar 3, 2026 | Mizrachi Orit See Remarks | Purchase | 1,000 | $14.5K |
| Mar 3, 2026 | MILLER DAVID N Director | Purchase | 5,000 | $73.5K |
| Mar 2, 2026 | Occi Michael Jr. Chief Executive Officer | Purchase | 7,000 | $104.1K |
| Mar 2, 2026 | MILLER DAVID N Director | Purchase | 5,000 | $73.4K |
| Nov 11, 2025 | Krishnan Ashwin Chief Investment Officer | Purchase | 3,000 | $50.2K |
| Nov 10, 2025 | FRANK BRUCE D Director | Purchase | 600 | $9.8K |
| Oct 6, 2025 | Binstock Joan Director | Purchase | 9,030 | $150.2K |
| Aug 14, 2025 | Shannon Kevin Director | Purchase | 5,000 | $88.5K |
| Aug 14, 2025 | Pessah David Chief Financial Officer | Purchase | 3,400 | $60.3K |
| Aug 13, 2025 | Metz Adam S Director | Purchase | 28,248 | $499.1K |
| Aug 12, 2025 | MILLER DAVID N Director | Purchase | 10,000 | $176.9K |
| Aug 12, 2025 | Day Jeff M. Co-President | Purchase | 5,650 | $100.0K |
| Aug 12, 2025 | Occi Michael Jr. Chief Executive Officer | Purchase | 14,000 | $248.9K |
| Aug 11, 2025 | Binstock Joan Director | Purchase | 5,659 | $100.1K |
| Jun 6, 2025 | Shannon Kevin Director | Purchase | 5,700 | $110.7K |
| Jun 6, 2025 | Shannon Kevin Director | Purchase | 2,300 | $44.7K |
| Jun 6, 2025 | Shannon Kevin Director | Purchase | 2,000 | $38.9K |
| Nov 11, 2024 | FRANK BRUCE D Director | Purchase | 420 | $8.6K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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