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StepStone Group Inc. (STEP)

For the quarter ending 2025-06-30, STEP made $364,287K in revenue. -$38,424K in net income. Net profit margin of -10.55%.

Overview

Revenue
$364,287K
Net Income
-$38,424K
Net Profit Margin
-10.55%
EPS
-$0.49
Unit: Thousand (K) dollars
Revenue Breakdown
    • Non Us
    • US

Unit: Thousand (K) dollars (except for numbers of shares and EPS)
2025-06-30
2024-12-31
2024-09-30
2024-06-30
Total revenues364,287 339,023 271,677 186,401
Other income (loss)5,152 -2,452 1,177 -351
Interest income2,496 2,559 3,016 2,057
Interest expense4,534 3,008 3,512 2,990
Investment income10,512 1,064 2,051 2,595
Legacy greenspring investment income (loss)3,382 1,167 -4,031 -1,255
Investment income of consolidated funds21,671 15,037 8,206 7,635
Total other income38,679 14,367 6,907 7,691
General, administrative and other42,914 43,130 50,061 41,011
Equity-based compensation188,718 486,418 37,332 19,179
Unrealized44,357 49,670 27,748 -10,923
Realized11,705 25,477 8,767 20,848
Total performance fee-related compensation56,062 75,147 36,515 9,925
Legacy greenspring performance fee-related compensation39,637 8,207 13,917 -9,089
Cash-based compensation95,985 85,203 82,871 78,224
Total compensation and benefits380,402 654,975 170,635 98,239
Total expenses423,316 698,105 220,696 139,250
Income (loss) before income tax-20,350 -344,715 57,888 54,842
Income tax expense (benefit)-8,339 -57,552 4,750 6,797
Net income (loss)-12,011 -287,163 53,138 48,045
Less net income attributable to redeemable non-controlling interests in consolidated funds20,957 10,905 6,525 5,671
Less net income attributable to redeemable non-controlling interests in consolidated funds-Subsidiaries579 - - -
Less net income (loss) attributable to non-controlling interests-Partnership Of Subsidiary-27,122 - - -
Less net income (loss) attributable to non-controlling interests-Legacy Entities3,382 - - -
Less net income (loss) attributable to non-controlling interests-Subsidiaries28,617 - - -
Less net income (loss) attributable to non-controlling interests- -106,367 28,674 28,684
Net income (loss) attributable to stepstone group inc-38,424 -192,015 17,632 13,328
Basic (in dollars per share)-0.49 -2.61 0.26 0.2
Basic (in shares)77,846,710 73,687,289 68,772,051 66,187,754
Diluted (in dollars per share)-0.49 -2.61 0.26 0.2
Diluted (in shares)77,846,710 73,687,289 69,695,315 68,593,761
Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement

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Net income (loss)attributable to stepstone...-$38,424K (-388.30%↓ Y/Y)Less net income(loss) attributable to...-$27,122K Less net income(loss) attributable to...$28,617K Less net income(loss) attributable to...$3,382K Less net incomeattributable to redeemable...$579K Less net incomeattributable to redeemable...$20,957K (269.55%↑ Y/Y)Net income (loss)-$12,011K (-125.00%↓ Y/Y)Income tax expense(benefit)-$8,339K (-222.69%↓ Y/Y)Investment income ofconsolidated funds$21,671K (183.84%↑ Y/Y)Legacy greenspringinvestment income (loss)$3,382K (369.48%↑ Y/Y)Investment income$10,512K (305.09%↑ Y/Y)Interest income$2,496K (21.34%↑ Y/Y)Other income (loss)$5,152K (1567.81%↑ Y/Y)US$136,012K Non Us$228,275K Income (loss) beforeincome tax-$20,350K (-137.11%↓ Y/Y)Total other income$38,679K (402.91%↑ Y/Y)Total revenues$364,287K (95.43%↑ Y/Y)Interest expense$4,534K (51.64%↑ Y/Y)Total expenses$423,316K (204.00%↑ Y/Y)Total compensationand benefits$380,402K (287.22%↑ Y/Y)General, administrativeand other$42,914K (4.64%↑ Y/Y)Cash-based compensation$95,985K (22.71%↑ Y/Y)Legacy greenspringperformance fee-related...$39,637K (536.10%↑ Y/Y)Total performancefee-related compensation$56,062K (464.86%↑ Y/Y)Equity-based compensation$188,718K (883.98%↑ Y/Y)Realized$11,705K (-43.86%↓ Y/Y)Unrealized$44,357K (506.09%↑ Y/Y)