For the quarter ending 2025-12-31, STEP made $586,511K in revenue. -$123,451K in net income. Net profit margin of -21.05%.
| Income Statement | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2024-12-31 |
|---|---|---|---|---|
| Total revenues | 586,511 | 454,225 | 364,287 | 339,023 |
| Cash-based compensation | 107,114 | 100,348 | 95,985 | 85,203 |
| Equity-based compensation | 468,808 | 884,470 | 188,718 | 486,418 |
| Realized | 122,215 | 30,995 | 11,705 | 25,477 |
| Unrealized | 69,050 | 88,727 | 44,357 | 49,670 |
| Total performance fee-related compensation | 191,265 | 119,722 | 56,062 | 75,147 |
| Legacy greenspring performance fee-related compensation | -10,063 | 27,143 | 39,637 | 8,207 |
| Total compensation and benefits | 757,124 | 1,131,683 | 380,402 | 654,975 |
| General, administrative and other | 50,640 | 45,292 | 42,914 | 43,130 |
| Total expenses | 807,764 | 1,176,975 | 423,316 | 698,105 |
| Investment income | 9,829 | -1,210 | 10,512 | 1,064 |
| Legacy greenspring investment income (loss) | -527 | 1,313 | 3,382 | 1,167 |
| Investment income of consolidated funds | 21,282 | 46,044 | 21,671 | 15,037 |
| Interest income | 2,455 | 3,224 | 2,496 | 2,559 |
| Interest expense | 5,123 | 4,425 | 4,534 | 3,008 |
| Other income (loss) | -1,312 | 1,978 | 5,152 | -2,452 |
| Total other income | 26,604 | 46,924 | 38,679 | 14,367 |
| Loss before income tax | -194,649 | -675,826 | -20,350 | -344,715 |
| Income tax benefit | -32,214 | -100,336 | -8,339 | -57,552 |
| Net loss | -162,435 | -575,490 | -12,011 | -287,163 |
| Less net income (loss) attributable to non-controlling interests-Subsidiaries | 24,562 | 9,242 | 28,617 | - |
| Less net income (loss) attributable to non-controlling interests-Legacy Entities | -527 | 1,313 | 3,382 | - |
| Less net income (loss) attributable to non-controlling interests-Partnership Of Subsidiary | -82,207 | -259,946 | -27,122 | - |
| Less net income attributable to redeemable non-controlling interests in consolidated funds | 18,564 | 39,659 | 20,957 | 10,905 |
| Less net income (loss) attributable to non-controlling interests | - | - | - | -106,367 |
| Less net income attributable to redeemable non-controlling interests in consolidated funds-Subsidiaries | 624 | 384 | 579 | - |
| Net loss attributable to stepstone group inc | -123,451 | -366,142 | -38,424 | -192,015 |
| Basic (in dollars per share) | -1.55 | -4.66 | -0.49 | -2.61 |
| Basic (in shares) | 79,465,039 | 78,561,587 | 77,846,710 | 73,687,289 |
| Diluted (in dollars per share) | -1.55 | -4.66 | -0.49 | -2.61 |
| Diluted (in shares) | 79,465,039 | 78,561,587 | 77,846,710 | 73,687,289 |
StepStone Group Inc. (STEP)
StepStone Group Inc. (STEP)