MyFinsight

HomeBlogAbout

MyFinsight

Making company financials insightful for everyone

  • About
  • Blog
  • Privacy Policy
  • Contact

Follow Us

  • X.com
  • Thread
  • Instagram

© 2026 MyFinsight. All rights reserved.

StepStone Group Inc. (STEP)

StepStone Group Inc. (STEP)

|||

Cash Flow Overview

Free Cash flow
-$458,060K
Unit: Thousand (K) dollars
Positive Cash Flow Breakdown
    • Equity-based compensation
    • Distributions received from inve...
    • Proceeds from borrowings on fund...
    • Others
Negative Cash Flow Breakdown
    • Contributions to investments of ...
    • Distributions to non-controlling...
    • Net loss
    • Others
Cash Flow
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Net loss
-170,366
6,660
-162,435
-587,501
Depreciation and amortization
11,369
11,439
11,408
22,884
Unrealized carried interest allocations and investment income-Consolidated Entities Excluding Legacy Entities
53,919
221,349
112,089
254,297
Unrealized carried interest allocations and investment income-Legacy Entities
31,128
81,095
-10,911
50,771
Unrealized performance fee-related compensation-Consolidated Entities Excluding Legacy Entities
44,686
140,130
68,742
133,084
Unrealized performance fee-related compensation-Legacy Entities
36,547
80,698
-10,346
48,617
Amortization of deferred financing costs
326
326
326
652
Equity-based compensation
292,806
180,023
380,387
1,057,152
Change in deferred income taxes
-42,528
-26,345
-41,812
-126,795
Fair value adjustment for acquisition-related contingent consideration
-
0
0
0
Gain on remeasurement of lease liabilities
-
0
-
-
Loss on sale of subsidiary
-
0
-
-
Payments for acquisition-related contingent consideration
-
0
-
-
Other non-cash activities
-
0
-
-
Unrealized (income) loss on investments of consolidated funds
-10,308
-2,671
21,220
66,318
Unrealized income from notes payable of consolidated funds
18,098
-
-
-
Purchases of investments of consolidated funds
-
104,314
62,775
166,498
Contributions to investments of consolidated funds
903,683
-
-
-
Proceeds from sale of investments of consolidated funds
-
3,640
3,397
0
Distributions received from investments of consolidated funds
289,036
-
-
-
Fees and accounts receivable
-23,576
53,618
10,218
564
Due from affiliates
39,869
-223,796
217,321
22,295
Other assets and receivables-Consolidated Entity Excluding Variable Interest Entities VIE
2,911
-5,918
3,591
-17,878
Accounts payable, accrued expenses and other liabilities
-16,901
18,246
-4,489
2,761
Accrued compensation and benefits
34,795
-215,994
202,777
41,800
Due to affiliates
7,038
-3,719
-4,985
7,251
Lease right-of-use assets, net and lease liabilities
-792
-446
-331
1,134
Other assets and receivables-Variable Interest Entity Primary Beneficiary
-86,363
287
-822
-15,353
Other liabilities and payables-Variable Interest Entity Primary Beneficiary
-14,166
10,420
0
-11,004
Net cash provided by (used in) operating activities
-457,511
-23,200
27,158
16,241
Contributions to investments-Consolidated Entities Excluding Legacy Entities
11,116
9,663
17,516
11,964
Distributions received from investments-Consolidated Entities Excluding Legacy Entities
5,128
3,768
3,209
2,204
Contributions to investments-Legacy Entities
200
211
338
388
Distributions received from investments-Legacy Entities
557
1,164
177
697
Net cash recognized upon initial consolidation of funds
-
812,052
-
-
Net cash derecognized from deconsolidation of fund
-
-15,373
52,365
-
Net cash recognized upon initial consolidation of funds
27,582
-
-
-
Purchases of property and equipment
549
762
432
331
Other investing activities
-
0
0
0
Net cash provided by (used in) investing activities
21,402
821,721
-67,265
-9,782
Proceeds from capital contributions from non-controlling interests in consolidated funds-Subsidiaries
7,703
1,122
614
63
Purchase of non-controlling interests
9,589
0
-20
0
Redemptions of redeemable non-controlling interests in consolidated funds-Consolidated Entity Excluding Variable Interest Entities VIE
-
0
0
0
Contributions from redeemable non-controlling interests in consolidated funds-Consolidated Entity Excluding Variable Interest Entities VIE
-
0
-
-
Proceeds from revolving credit facility
-
0
75,000
0
Proceeds from issuance of class a common stock of shares under espp
-
1,949
0
1,728
Proceeds from issuance of notes payable
-
0
0
-
Deferred financing costs
-
0
0
0
Payments on revolving credit facility
-
0
75,000
-
Distributions to non-controlling interests in consolidated funds-Subsidiaries
53,864
39,227
12,509
52,687
Proceeds from capital contributions from non-controlling interests in consolidated funds-Legacy Entities
200
211
338
388
Distributions to non-controlling interests in consolidated funds-Legacy Entities
731
1,545
215
1,482
Payments for acquisition-related contingent consideration
-
0
-
-
Dividends paid to common stockholders
68,618
23,341
22,162
21,987
Payments for taxes related to net settlement of equity-based awards
-
400
0
0
Payments for repurchases of class a common stock
19,221
8,715
-
-
Payments to related parties under tax receivable agreements
16,205
0
1,071
0
Other financing activities
-1
1
0
-1
Issuance of notes payable-Variable Interest Entity Primary Beneficiary
31,344
-
-
-
Proceeds from borrowings on fund credit facilities-Variable Interest Entity Primary Beneficiary
241,102
0
0
17,500
Payments on fund credit facilities-Variable Interest Entity Primary Beneficiary
25,275
0
17,500
-
Payment of debt issuance costs on fund credit facilities-Variable Interest Entity Primary Beneficiary
4,855
-
-
-
Proceeds from capital contributions from non-controlling interests in consolidated funds-Variable Interest Entity Primary Beneficiary
143,372
-
-
-
Distributions to non-controlling interests in consolidated funds-Variable Interest Entity Primary Beneficiary
276,296
-
-
-
Contributions from redeemable non-controlling interests in consolidated funds-Variable Interest Entity Primary Beneficiary
72,005
12,073
109,803
213,747
Redemptions of redeemable non-controlling interests in consolidated funds-Variable Interest Entity Primary Beneficiary
1,991
-112
5,538
41,628
Net cash provided by (used in) financing activities
19,080
-57,760
51,780
115,641
Effect of foreign currency exchange rate changes
1,129
224
-365
-47
Net decrease in cash, cash equivalents and restricted cash
-415,900
740,985
11,308
122,053
Cash, cash equivalents and restricted cash at beginning of period
1,119,001
366,708
366,708
289,804
Cash, cash equivalents and restricted cash at end of period
703,101
-
-
-
Accrued dividends
1,198
-
-
-
Deferred tax effect resulting from transactions affecting ownership in the partnership, including net amounts payable under tax receivable agreements
-6,734
-
-
-
Initial consolidation of consolidated funds
731,588
-
-
-
Establishment of lease liabilities in exchange for lease right-of-use assets
6,222
-
-
-
Remeasurement of lease liabilities
8,900
-
-
-
Equity issued for purchase of non-controlling interests
165,703
-
-
-
Cash and cash equivalents
201,167
-
-
-
Restricted cash
581
-
-
-
Total cash, cash equivalents and restricted cash
703,101
1,119,001
378,016
366,708
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

Show the time plot by selecting a row from the table.

Cash Flow

Net cash recognizedupon initial...$27,582K Proceeds from borrowingson fund credit...$241,102K Distributions received frominvestments-Consolidated Entities...$5,128K (-17.58%↓ Y/Y)Distributions received frominvestments-Legacy Entities$557K (-53.74%↓ Y/Y)Proceeds from capitalcontributions from...$143,372K Contributions from redeemablenon-controlling interests in...$72,005K (6.36%↑ Y/Y)Issuance of notespayable-Variable Interest Entity...$31,344K Proceeds from capitalcontributions from...$7,703K (407.44%↑ Y/Y)Proceeds from capitalcontributions from...$200K (-52.61%↓ Y/Y)Net cash provided by(used in) investing...$21,402K (281.48%↑ Y/Y)Net cash provided by(used in) financing...$19,080K (126.42%↑ Y/Y)Effect of foreigncurrency exchange rate...$1,129K (115.22%↑ Y/Y)Canceled cashflow$11,865K Canceled cashflow$476,646K Net decrease incash, cash...-$415,900K (-821.17%↓ Y/Y)Canceled cashflow$41,611K Equity-based compensation$292,806K Distributions received frominvestments of consolidated...$289,036K Other assets andreceivables-Variable Interest Entity...-$86,363K Unrealized performancefee-related...$44,686K Unrealized performancefee-related...$36,547K Accrued compensationand benefits$34,795K Fees and accountsreceivable-$23,576K Depreciation andamortization$11,369K Unrealized (income) loss oninvestments of consolidated...-$10,308K Due to affiliates$7,038K Amortization of deferredfinancing costs$326K Contributions toinvestments-Consolidated Entities...$11,116K (-37.20%↓ Y/Y)Purchases of property andequipment$549K (-49.86%↓ Y/Y)Contributions toinvestments-Legacy Entities$200K (-52.61%↓ Y/Y)Distributions tonon-controlling interests in...$276,296K Dividends paid to commonstockholders$68,618K (36.49%↑ Y/Y)Distributions tonon-controlling interests in...$53,864K (-10.48%↓ Y/Y)Payments on fund creditfacilities-Variable Interest Entity...$25,275K Payments for repurchasesof class a common...$19,221K Payments to relatedparties under tax...$16,205K (40.99%↑ Y/Y)Purchase ofnon-controlling interests$9,589K (-7.25%↓ Y/Y)Payment of debt issuancecosts on fund credit...$4,855K Redemptions of redeemablenon-controlling interests in...$1,991K (-69.96%↓ Y/Y)Distributions tonon-controlling interests in...$731K (-75.31%↓ Y/Y)Other financingactivities-$1K Net cash provided by(used in) operating...-$457,511K (-1088.53%↓ Y/Y)Canceled cashflow$836,850K Contributions to investmentsof consolidated...$903,683K Net loss-$170,366K Unrealized carriedinterest allocations and...$53,919K Change in deferredincome taxes-$42,528K Due from affiliates$39,869K Unrealized carriedinterest allocations and...$31,128K Unrealized income fromnotes payable of...$18,098K Accounts payable,accrued expenses and...-$16,901K Other liabilities andpayables-Variable Interest Entity...-$14,166K Other assets andreceivables-Consolidated Entity...$2,911K Lease right-of-useassets, net and lease...-$792K