insiderdelta
CoverageForm 410-K10-Q8-K13D13G13F

STEP · Stepstone Group Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · STEP

1Y3Y5YMax
Sign in to download
AnnualQuarterly

Income Statement

Line itemFY 2026FY 2025FY 2024FY 2023FY 2022FY 2021
Revenue$1.99B$1.17B$711.63M($67.57M)$1.37B$446.61M
Cost of Revenue------
Gross Profit------
R&D------
SG&A$187.25M$177.35M$167.32M$147.16M$110.47M$52.36M
Total Operating Expenses$3.02B$1.44B$539.86M($67.08M)$913.16M$294.67M
D&A$45.73M$45.49M$47.59M$47.44M$26.98M$7.08M
Operating Income($891.17M)($222.03M)$195.40M($41.45M)$512.58M$148.74M
Interest Expense$18.50M$9.33M$9.33M$4.19M$1.11M$10.21M
Income Tax($147.89M)($49.21M)$27.58M$3.82M$28.30M$3.96M
Net Income($535.81M)($179.56M)$58.09M($18.40M)$193.88M$0
EPS - Basic($6.78)($2.52)$0.91($0.30)$3.89$2.11
EPS - Diluted($6.78)($2.52)$0.91($0.30)$3.84$2.06

Balance Sheet

Line itemFY 2026FY 2025FY 2024FY 2023FY 2022FY 2021
Cash & Equivalents$1.12B$289.80M$182.31M$129.52M$116.39M$40.62M
Accounts Receivable------
Inventory------
Accounts Payable------
Current Assets------
Total Assets$6.76B$4.59B$3.79B$3.50B$4.19B$1.32B
Current Liabilities------
Long-term Debt-$269.27M$148.82M$98.35M$62.88M$0
Total Liabilities$5.88B$2.81B$1.92B$1.84B$2.36B$661.08M
Stockholders' Equity($413.56M)$179.36M$324.48M$771.57M$817.63M$249.41M
Retained Earnings($896.88M)($242.55M)$13.77M$160.43M$229.62M$60.41M

Cash Flow

Line itemFY 2026FY 2025FY 2024FY 2023FY 2022FY 2021
Operating Cash Flow$66.48M$64.93M$161.52M$151.18M$214.28M$65.93M
Investing Cash Flow$732.88M($43.48M)($47.35M)($30.81M)($210.24M)$35.81M
Financing Cash Flow$37.44M$87.48M($57.98M)($108.02M)($70.44M)($52.17M)
CapEx$2.62M$5.10M$19.61M$5.63M$2.10M$837.0K
Free Cash Flow$63.86M$59.83M$141.91M$145.56M$212.18M$65.09M

Ratios

MetricFY 2026FY 2025FY 2024FY 2023FY 2022FY 2021
Profitability
Gross margin------
Operating margin-44.7%-18.9%27.5%61.3%37.5%33.3%
EBITDA margin-42.4%-15.0%34.1%-8.9%39.5%34.9%
Net margin-26.9%-15.3%8.2%27.2%14.2%0.0%
Free cash flow margin3.2%5.1%19.9%-215.4%15.5%14.6%
FCF / Net income-0.12-0.332.44-7.911.09-
R&D / Revenue------
SG&A / Revenue9.4%15.1%23.5%-217.8%8.1%11.7%
Effective tax rate--32.2%-12.7%100.0%
Return on assets-7.9%-3.9%1.5%-0.5%4.6%0.0%
Return on equity129.6%-100.1%17.9%-2.4%23.7%0.0%
Return on invested capital--39.1%28.0%-3.8%50.8%29.8%
Liquidity
Current ratio------
Quick ratio------
Cash ratio------
Leverage
Debt / Equity-1.500.460.130.080.00
Debt / Assets-0.060.040.030.020.00
Debt / EBITDA--0.6116.420.120.00
Interest coverage-48.2x-23.8x20.9x-9.9x460.5x14.6x
Equity multiplier-16.3525.5711.684.535.125.30
Liabilities / Assets0.870.610.510.530.560.50
Efficiency
Asset turnover0.290.260.19-0.020.330.34
Inventory turnover------
Days sales outstanding------
Days inventory outstanding------
Days payable outstanding------
Cash conversion cycle------
Valuation
P / E--63.6x-8.6x17.1x
P / B-25.5x11.9x1.9x2.2x4.7x
P / S1.9x3.9x5.4x-1.3x2.6x
EV / EBITDA--15.7x245.6x3.2x7.3x
Growth
Revenue growth (YoY)69.7%65.1%-1153.1%-104.9%205.8%-
Revenue CAGR (3y)--4.9%16.8%---
Revenue CAGR (5y)34.9%-----
Gross profit growth (YoY)------
Operating income growth (YoY)-301.4%---244.6%-
Net income growth (YoY)-198.4%-----
EPS growth (YoY)-169.0%---86.4%-
EPS CAGR (3y)---23.8%---
EPS CAGR (5y)------
FCF growth (YoY)6.7%-57.8%-2.5%-31.4%226.0%-
FCF CAGR (5y)-0.4%-----
Book value growth (YoY)--44.7%-57.9%-5.6%227.8%-

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-03-31.

Product / service

$2.69B total
Management And Advisory Fees Net$767.01M · 28.5%
Management And Advisory Fees Net Focused Commingled Funds$440.13M · 16.4%
Performance Fees$407.82M · 15.2%
Carried Interest Allocation$301.20M · 11.2%
Management And Advisory Fees Net Separately Managed Accounts$252.71M · 9.4%
Carried Interest Allocation Realized$159.65M · 5.9%
Carried Interest Allocation Unrealized$141.55M · 5.3%
Legacy Carried Interest Allocation$74.34M · 2.8%
Management And Advisory Fees Net Advisory And Other Services$67.06M · 2.5%
Incentive Fees$32.27M · 1.2%
Incentive Fees Focused Commingled Funds$23.40M · 0.9%
Incentive Fees Separately Managed Accounts$8.88M · 0.3%
Income Based Incentive Fees$8.00M · 0.3%
Management And Advisory Fees Net Fund Reimbursement Revenues$7.11M · 0.3%

Geographic

$1.17B total
Non Us$653.59M · 55.6%
US$521.24M · 44.4%

Stability scores

Piotroski F-score

FY 2026 · 9-point quality

3/9
Weak
  • ✗Net income positive
  • ✓Operating cash flow positive
  • ✗ROA improved YoY
  • ✓Cash flow > net income
  • -Long-term debt decreased
  • -Current ratio improved
  • ✗No share dilution
  • -Gross margin improved
  • ✓Asset turnover improved

Peer comparison

Same SIC group: Investment Advice

CompanyRevenue (last FY)Net marginROE
TROW$7.31B28.5%19.2%
CNS--27.3%
MORN$2.45B15.1%30.3%
MC--45.7%
APO$32.05B10.9%15.0%

Comparing StepStone Group Inc. against the 5 most active filers in the same SIC group.

Dividends

$1.48/share trailing 12 months · +37.0% YoY

Ex-datePer share
Feb 27, 2026$0.2800
Nov 28, 2025$0.2800
Aug 29, 2025$0.2800
Jun 13, 2025$0.6400
Feb 28, 2025$0.2400
Nov 29, 2024$0.2400
Aug 30, 2024$0.2400
Jun 14, 2024$0.3600
Feb 28, 2024$0.2100
Nov 29, 2023$0.2100
Aug 30, 2023$0.2100
Jun 14, 2023$0.4500
Feb 27, 2023$0.2000
Nov 29, 2022$0.2000
Aug 30, 2022$0.2000
Jun 14, 2022$0.2000
Feb 25, 2022$0.1500
Nov 29, 2021$0.1500
Aug 30, 2021$0.0700
Jun 29, 2021$0.0700
Mar 18, 2021$0.0700