StepStone Group Inc
STEP
ISIN null / Valor 56801379
StepStone Group Inc
UMushroom community rating:
About company
StepStone Group Inc. is a global private markets investment firm that leverages its proprietary research and reporting platform, SPI by StepStone, to deliver in-depth performance and operational insights across the private markets. This platform, in combination with the expertise of its Portfolio Analytics & Reporting team, enables the firm to make informed allocation decisions, manage risk effectively, and provide accurate monitoring and forecasting for portfolios. StepStone's approach to private market investments is characterized by a deep analytical framework that supports its investment strategies and client advisory services. While the company's specific products and services are not detailed in the source, its emphasis on proprietary technology and specialized team expertise suggests a comprehensive offering in private market investment solutions, including but not limited to, private equity, infrastructure, real estate, and private debt.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (20.11.2025):
StepStone Group Inc. reported results for the second quarter of fiscal 2026 (quarter ended September 30, 2025). The company delivered total revenues of $454.2 million and strong performance fee generation, while reporting a GAAP net loss for the quarter driven by significant non‑cash items; on a non‑GAAP basis StepStone reported adjusted net income of $66.7 million ($0.54 ANI per share). The Board declared a quarterly cash dividend of $0.28 per Class A share.
Revenue and performance fees
Total revenues for Q2 FY2026 were $454.2 million (reported in thousands), and total performance fees were $238.7 million — a large increase vs. the prior-year quarter (performance fees +175% vs. FQ2'25 as reported).
GAAP results vs. non‑GAAP results
GAAP results show a net loss of $575.5 million for the quarter (quarterly net loss driven by accrued carried interest and other items); on a non‑GAAP basis adjusted net income (ANI) was $66.7 million and adjusted net income per share was $0.54. Fee-related earnings (FRE) were $78.6 million with an FRE margin of 36%.
Dividends
The Board declared a quarterly cash dividend of $0.28 per Class A common share, payable December 15, 2025, to holders of record as of November 28, 2025. The quarterly dividend increased from $0.24 in prior periods (reported +17%).
Assets under management and advisory
As of September 30, 2025, StepStone reported $209.1 billion of AUM and $561.6 billion of assets under advisement (AUA). Fee‑earning AUM (FEAUM) was $132.8 billion and undeployed fee‑earning capital (UFEC) was $29.8 billion.
Key operating metrics and other non‑GAAP items
Fee revenues were $217.5 million and adjusted revenues were $282.3 million for the quarter. Gross realized performance fees were $64.9 million and performance fee‑related earnings (PRE) were $33.9 million. Accrued carried interest allocations stood at $1.734 billion.
Investor materials and webcast
StepStone issued a detailed presentation of Q2 FY2026 results on its investor site and hosted a webcast and conference call on November 6, 2025; a replay and the presentation are available on the Shareholders section of the company website.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
5031 M
Market cap (USD)
1,698,295
Daily traded volume (Shares)
59.225 / 58.3
1 day high/low (USD)
52 weeks high/low (USD)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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