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MARKETS / NASDAQ / STEP
NASDAQ · INVESTMENT ADVICE · LARGE CAP

StepStone Group Inc. STEP

8 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.0B
▲ 69.7% YoY
$-535.8M
$63.9M
▲ 6.7% YoY
In brief

What this company does

StepStone Group Inc. is a global private markets investment firm that provides customized investment solutions and advisory and data services to its clients. As of March 31, 2026, the company was responsible for approximately $885 billion of total capital, including $233 billion of AUM and $652 billion of AUA. As of March 31, 2026, it had over 1,310 total employees, including approximately 420 investment professionals and approximately 890 employees across its operating and implementation teams. It has investment and implementation professionals in 31 cities across 19 countries on five continents. For the year ended March 31, 2026, no single client contributed more than 5% of the company's total management and advisory fees, and two commingled funds each contributed more than 5% of its total incentive fees. It partners with clients to build private markets portfolios across the private equity, infrastructure, private debt and real estate asset classes. These portfolios use several investment strategies with third-party fund managers, including commitments to funds, acquiring stakes in existing funds on the secondary market, and investing directly into companies. StepStone Group Inc. was founded in 2007.

Written from the business description in STEPSTONE GROUP INC.'s annual report to the U.S. Securities and Exchange Commission, filed 27 May 2026. Every sentence was checked against that document before publication.

Growth
USD 2.0B
Revenue, FY2025 · full 8-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.0 · Net income -0.5
0.8B1.6B-0.2B-0.4B20182019202020212022202320242025
Compound annual growth
+20.4%
+22.8%
+34.9%
+126.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +20.4% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−37 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -44.7% · Net -37.3%
20%40%60%-20%-40%20182019202020212022202320242025
ROE
FY2024 · ROE -71.3%
10%20%30%-20%-40%-60%20182019202020212022202320242025

Cash & shareholders
USD 122.8M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 63.9
80M160M20182019202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends 117.8 · Net buybacks 5.0
50M100M20182019202020212022202320242025

USD 117.8M in dividends and USD 5.0M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 6.8B
EquityUSD -413.6M
CashUSD 1.1B

Equity funds -6% of total assets.

The 8-year record
8 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018
Revenue $B2.01.20.7−0.11.40.80.40.3
Operating income $B−0.9−0.20.2−0.00.50.30.10.1
EBITDA $B−0.8−0.20.20.00.50.30.20.1
Income tax $B−0.1−0.00.00.00.00.00.00.0
Net income $B−0.5−0.20.1−0.00.20.10.00.0
Free cash flow $B0.10.10.10.10.20.10.10.0
EPS, diluted $−6.78−2.520.91−0.303.842.06··
Dividend / sh $1.481.081.080.800.440.07··
Payout %−22−42118−272123··
ROE %·−71.310.6−2.336.325.1··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 21 reconciliationsAUDITED

Reconciled in 8 of 19 fiscal years. 36 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityInvestment Advice
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsMarch 31
Data on record since2018

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