For the quarter ending 2025-12-31, STEP had $11,308K increase in cash & cash equivalents over the period. $26,726K in free cash flow.
| Cash Flow | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|
| Net loss | -162,435 | -587,501 | - |
| Depreciation and amortization | 11,408 | 22,884 | - |
| Unrealized carried interest allocations and investment income-Consolidated Entities Excluding Legacy Entities | 112,089 | 254,297 | - |
| Unrealized carried interest allocations and investment income-Legacy Entities | -10,911 | 50,771 | - |
| Unrealized performance fee-related compensation-Consolidated Entities Excluding Legacy Entities | 68,742 | 133,084 | - |
| Unrealized performance fee-related compensation-Legacy Entities | -10,346 | 48,617 | - |
| Amortization of deferred financing costs | 326 | 652 | - |
| Equity-based compensation | 380,387 | 1,057,152 | - |
| Change in deferred income taxes | -41,812 | -126,795 | - |
| Fair value adjustment for acquisition-related contingent consideration | 0 | 0 | - |
| Unrealized investment income of consolidated funds | 21,220 | 66,318 | - |
| Purchases of investments of consolidated funds | 62,775 | 166,498 | - |
| Proceeds from sale of investments of consolidated funds | 3,397 | 0 | - |
| Fees and accounts receivable | 10,218 | 564 | - |
| Due from affiliates | 217,321 | 22,295 | - |
| Other assets and receivables-Consolidated Entity Excluding Variable Interest Entities VIE | 3,591 | -17,878 | - |
| Accounts payable, accrued expenses and other liabilities | -4,489 | 2,761 | - |
| Accrued compensation and benefits | 202,777 | 41,800 | - |
| Due to affiliates | -4,985 | 7,251 | - |
| Lease right-of-use assets, net and lease liabilities | -331 | 1,134 | - |
| Other assets and receivables-Variable Interest Entity Primary Beneficiary | -822 | -15,353 | - |
| Other liabilities and payables-Variable Interest Entity Primary Beneficiary | 0 | -11,004 | - |
| Net cash provided by operating activities | 27,158 | 16,241 | 46,282 |
| Contributions to investments-Consolidated Entities Excluding Legacy Entities | 17,516 | 11,964 | 17,702 |
| Distributions received from investments-Consolidated Entities Excluding Legacy Entities | 3,209 | 2,204 | 6,222 |
| Contributions to investments-Legacy Entities | 338 | 388 | 422 |
| Distributions received from investments-Legacy Entities | 177 | 697 | 1,204 |
| Net cash derecognized from deconsolidation of fund | 52,365 | - | - |
| Purchases of property and equipment | 432 | 331 | 1,095 |
| Other investing activities | 0 | 0 | - |
| Net cash used in investing activities | -67,265 | -9,782 | -11,793 |
| Proceeds from capital contributions from non-controlling interests-Subsidiaries | 614 | 63 | 1,518 |
| Purchase of non-controlling interests | -20 | 0 | 10,339 |
| Redemptions of redeemable non-controlling interests in consolidated funds-Consolidated Entity Excluding Variable Interest Entities VIE | 0 | 0 | 0 |
| Proceeds from revolving credit facility | 75,000 | 0 | 0 |
| Proceeds from issuance of class a common stock of shares under espp | 0 | 1,728 | - |
| Proceeds from issuance of notes payable | 0 | - | - |
| Deferred financing costs | 0 | 0 | 0 |
| Payments on revolving credit facility | 75,000 | - | - |
| Distributions to non-controlling interests-Subsidiaries | 12,509 | 52,687 | 60,167 |
| Proceeds from capital contributions from non-controlling interests-Legacy Entities | 338 | 388 | 422 |
| Distributions to non-controlling interests-Legacy Entities | 215 | 1,482 | 2,961 |
| Dividends paid to common stockholders | 22,162 | 21,987 | 50,274 |
| Payments for taxes related to net settlement of rsus | 0 | 0 | - |
| Payments to related parties under tax receivable agreements | 1,071 | 0 | 11,494 |
| Other financing activities | 0 | -1 | 0 |
| Proceeds from borrowings on fund credit facility-Variable Interest Entity Primary Beneficiary | 0 | 17,500 | - |
| Payments on fund credit facility-Variable Interest Entity Primary Beneficiary | 17,500 | - | - |
| Contributions from redeemable non-controlling interests in consolidated funds-Variable Interest Entity Primary Beneficiary | 109,803 | 213,747 | 67,700 |
| Redemptions of redeemable non-controlling interests in consolidated funds-Variable Interest Entity Primary Beneficiary | 5,538 | 41,628 | 6,627 |
| Net cash provided by financing activities | 51,780 | 115,641 | -72,222 |
| Effect of foreign currency exchange rate changes | -365 | -47 | -7,416 |
| Net increase in cash, cash equivalents and restricted cash | 11,308 | 122,053 | -45,149 |
| Cash and cash equivalents at beginning of period | 366,708 | 289,804 | - |
| Cash and cash equivalents at end of period | 378,016 | 366,708 | - |
StepStone Group Inc. (STEP)
StepStone Group Inc. (STEP)