StepStone Group Inc (STEP)

Name: StepStone Group Inc Financial Statements
Creator: Quarter Results

Financial Services | Asset Management

Latest reporting period: 2025-12-31

Latest Quarter

2025-12-31

Revenue

$587M

Net Income

-$123M

Operating Margin

-37.7%

Free Cash Flow

$59.8M

Debt / Assets

61.3%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for StepStone Group Inc (STEP).
Income Statement (Quarterly)	2025-12-31	2025-09-30	2025-06-30	2025-03-31
Revenue	586,511,000	454,225,000	364,287,000	0
Cost of Revenue	288,316,000	247,213,000	191,684,000	11,463,000
Gross Profit	298,195,000	207,012,000	172,603,000	0
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	519,448,000	929,762,000	231,632,000	43,152,000
Operating Expenses	519,448,000	929,762,000	231,632,000	169,349,000
Operating Income	-221,253,000	-722,750,000	-59,029,000	44,165,000
Interest Expense	5,123,000	4,425,000	4,534,000	0
Income Before Tax	-194,649,000	-675,826,000	-20,350,000	0
Income Tax Expense	-32,214,000	-100,336,000	-8,339,000	0
Net Income	-123,451,000	-366,142,000	-38,424,000	0
Per Share
EPS	-1.55	-4.66	-0.49	-0.24
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for StepStone Group Inc (STEP).
Income Statement (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Revenue	1,174,830,000	711,631,000	-67,574,000	1,365,525,000	787,716,000
Cost of Revenue	1,264,295,000	372,543,000	214,236,000	788,699,000	403,163,000
Gross Profit	-89,465,000	339,088,000	-281,810,000	576,826,000	384,553,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	161,254,000	167,317,000	172,099,000	124,464,000	56,384,000
Operating Expenses	161,254,000	167,317,000	172,099,000	124,464,000	56,384,000
Operating Income	-250,719,000	190,871,000	-47,439,000	454,948,000	328,169,000
Interest Expense	12,701,000	9,331,000	4,189,000	1,113,000	7,360,000
Income Before Tax	-222,035,000	195,396,000	-41,454,000	512,581,000	337,849,000
Income Tax Expense	-49,208,000	27,576,000	3,821,000	28,300,000	23,256,000
Net Income	-179,563,000	58,091,000	-18,398,000	484,281,000	62,634,000
Per Share
EPS	-2.52	0.91	-0.30	9.72	2.11
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for StepStone Group Inc (STEP).
Balance Sheet (Quarterly)	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Assets
Cash and Cash Equivalents	289,302,000	181,594,000	128,562,000	116,386,000
Short Term Investments	0	0	0	0
Net Receivables	1,669,258,000	1,478,351,000	1,305,436,000	1,534,025,000
Inventory	0	0	229,244,000	1
Total Current Assets	1,959,062,000	1,660,663,000	1,455,462,000	1,651,474,000
Property Plant Equipment	121,639,000	127,321,000	101,130,000	61,065,000
Goodwill and Intangibles	844,414,000	885,415,000	935,187,000	978,667,000
Total Assets	4,586,693,000	3,788,807,000	3,497,403,000	4,188,125,000
Liabilities
Account Payables	89,731,000	127,417,000	89,396,000	80,541,000
Short Term Debt	269,268,000	148,822,000	0	62,879,000
Total Current Liabilities	1,944,527,000	1,692,808,000	1,557,331,000	2,252,864,000
Long Term Debt	113,519,000	119,739,000	207,238,000	70,965,000
Total Liabilities	2,812,321,000	1,915,673,000	1,868,616,000	2,363,795,000
Shareholders Equity
Retained Earnings	-242,546,000	13,768,000	160,430,000	229,615,000
Total Shareholders Equity	179,356,000	324,476,000	771,567,000	817,625,000

Balance sheet annual history for StepStone Group Inc (STEP).
Balance Sheet (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Assets
Cash and Cash Equivalents	289,302,000	181,594,000	128,562,000	116,386,000	179,886,000
Short Term Investments	0	0	0	0	0
Net Receivables	1,669,258,000	1,478,351,000	1,305,436,000	1,534,025,000	936,093,000
Inventory	0	0	229,244,000	1	0
Total Current Assets	1,959,062,000	1,660,663,000	1,455,462,000	1,651,474,000	1,119,956,000
Property Plant Equipment	121,639,000	127,321,000	101,130,000	61,065,000	0
Goodwill and Intangibles	844,414,000	885,415,000	935,187,000	978,667,000	12,283,000
Total Assets	4,586,693,000	3,788,807,000	3,497,403,000	4,188,125,000	1,320,772,000
Liabilities
Account Payables	89,731,000	127,417,000	89,396,000	80,541,000	47,723,000
Short Term Debt	269,268,000	148,822,000	0	62,879,000	0
Total Current Liabilities	1,944,527,000	1,692,808,000	1,557,331,000	2,252,864,000	626,855,000
Long Term Debt	113,519,000	119,739,000	207,238,000	70,965,000	0
Total Liabilities	2,812,321,000	1,915,673,000	1,868,616,000	2,363,795,000	661,079,000
Shareholders Equity
Retained Earnings	-242,546,000	13,768,000	160,430,000	229,615,000	60,407,000
Total Shareholders Equity	179,356,000	324,476,000	771,567,000	817,625,000	249,408,000

Cash flow quarterly history for StepStone Group Inc (STEP).
Cash Flow Statement (Quarterly)	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Operating Activities
Net Income	-172,827,000	58,091,000	-45,275,000	484,281,000
Depreciation & Amortization	45,489,000	47,588,000	47,443,000	26,977,000
Stock Based Compensation	650,132,000	74,694,000	24,940,000	13,996,000
Change in Working Capital	-19,807,000	18,885,000	-32,764,000	-8,627,000
Operating Cash Flow	64,928,000	161,522,000	151,183,000	214,281,000
Investing Activities
Capital Expenditure	-5,100,000	-19,607,000	-5,627,000	-2,103,000
Investments	-5,100,000	-19,607,000	-5,627,000	-2,103,000
Investing Cash Flow	-43,475,000	-47,347,000	-30,807,000	-210,241,000
Financing Activities
Debt Repayment	124,960,000	50,000,000	-35,000,000	-120,000,000
Common Stock Issued/Repurchased	22,124,000	12,460,000	10,823,000	0
Dividends Paid	-75,840,000	-68,474,000	-49,973,000	-23,874,000
Financing Cash Flow	87,481,000	-57,978,000	-108,021,000	-70,439,000
Summary
Free Cash Flow	59,828,000	141,915,000	145,556,000	212,178,000
Net Change in Cash	107,492,000	52,795,000	12,068,000	-66,414,000

Cash flow annual history for StepStone Group Inc (STEP).
Cash Flow Statement (Annual)	2025-03-31	2024-03-31	2023-03-31	2022-03-31	2021-03-31
Operating Activities
Net Income	-172,827,000	58,091,000	-45,275,000	484,281,000	314,593,000
Depreciation & Amortization	45,489,000	47,588,000	47,443,000	26,977,000	5,495,000
Stock Based Compensation	650,132,000	74,694,000	24,940,000	13,996,000	7,899,000
Change in Working Capital	-19,807,000	18,885,000	-32,764,000	-8,627,000	30,858,000
Operating Cash Flow	64,928,000	161,522,000	151,183,000	214,281,000	149,299,000
Investing Activities
Capital Expenditure	-5,100,000	-19,607,000	-5,627,000	-2,103,000	-1,258,000
Investments	-5,100,000	-19,607,000	-5,627,000	-2,103,000	-1,258,000
Investing Cash Flow	-43,475,000	-47,347,000	-30,807,000	-210,241,000	-11,166,000
Financing Activities
Debt Repayment	124,960,000	50,000,000	-35,000,000	-120,000,000	-147,000,000
Common Stock Issued/Repurchased	22,124,000	12,460,000	10,823,000	0	337,798,000
Dividends Paid	-75,840,000	-68,474,000	-49,973,000	-23,874,000	-2,047,000
Financing Cash Flow	87,481,000	-57,978,000	-108,021,000	-70,439,000	-45,306,000
Summary
Free Cash Flow	59,828,000	141,915,000	145,556,000	212,178,000	148,041,000
Net Change in Cash	107,492,000	52,795,000	12,068,000	-66,414,000	93,924,000