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

Stepstone Group Inc. STEP

8 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$2.0B
▲ 69.7% vs FY2024
Dividend streak
1 yrs
Raised every year since 2025
EPS · FY25
Dividend / sh · FY25
$1.48
Payout · FY25
-22%
ROE · FY25
Net margin · FY25
-26.9%
Dividend coverage
-4.6×
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Result
USD 2.0B
Revenue, FY2025 · full 8-year series below
Revenue Net income
0.511.522.0-0.52018202120242025
0.511.522.0-0.52018202120242025

The company lost 27 cents on every revenue dollar this year.

Per share
Diluted EPS, FY2025
EPS Dividend
0.511.51.482018202120242025
0.511.51.482018202120242025

The dividend was paid in a year without profit.

Profitability
Return on equity, FY2025
ROE
102030402018202120242025
102030402018202120242025
Operating margin-44.7%
Net margin-26.9%
Return on assets-9.4%

Returned to shareholders
USD 122.8M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 117.8M
Net buybacksUSD 5.0M
Share of profit-22.9%
Consecutive raises1 years

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

Growth
+20.4% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+20.4%
Dividend / share
+22.8%
Returned to shareholders
+34.9%
+126.8%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 6.8B
total assets, end of FY2025
Total assetsUSD 6.8B
EquityUSD -413.6M
CashUSD 1.1B

Equity funds -6% of total assets.

History
8 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
Revenue $B
2.0
1.2
0.7
−0.1
1.4
0.8
0.4
0.3
Operating income $B
−0.9
−0.2
0.2
−0.0
0.5
0.3
0.1
0.1
EBITDA $B
−0.8
−0.2
0.2
0.0
0.5
0.3
0.2
0.1
Income tax $B
−0.1
−0.0
0.0
0.0
0.0
0.0
0.0
0.0
Net income $B
−0.5
−0.2
0.1
−0.0
0.2
0.1
0.0
0.0
EPS, diluted $
·
·
·
·
·
·
·
·
Dividend / sh $
1.48
1.08
1.08
0.80
0.44
0.07
·
·
Payout %
−22
−42
118
−272
12
3
·
·
ROE %
·
−71.3
10.6
−2.3
36.3
25.1
·
·
Shares out B
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
13 of 13
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed