STEP

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StepStone Group Inc.

Sells to businessesTags from an AI model reading the company description.

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Key Metrics

Previous Close: $44.71
52-Week Range: $38.85 – $77.80
Market Cap: $5.84B
P/E (TTM): —
EPS (TTM): -7.68
Dividend Yield: 3.80%

Advanced Metrics

Price/Book: —
PEG Ratio: —
Return on Equity: -61.40%
Return on Assets: -11.64%
Gross Margin: -48.37%
Operating Margin: -54.05%
Profit Margin: -30.54%
Current Ratio: 0.64
Debt/Equity: 1.26
Total Debt: $1.57B
Free Cash Flow: $2.82B
Revenue Growth: 4.00%
Earnings Growth: —
Enterprise Value: $6.37B

STEP Income statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Revenue	-$67.57M	$711.63M	$1.17B	$1.99B
Cost of Revenue	-$239.18M	$330.19M	$595.17M	$1.09B
Gross Profit	$171.60M	$381.44M	$579.66M	$905.94M
Selling, General & Admin	$172.10M	$209.67M	$846.48M	$1.93B
Operating Expenses	$172.10M	$209.67M	$846.48M	$1.93B
Operating Income	-$497.00K	$171.77M	-$266.82M	-$1.02B
EBITDA	$10.18M	$252.31M	-$163.84M	-$826.94M
Pretax Income	-$41.45M	$195.40M	-$222.03M	-$891.17M
Income Tax	$3.82M	$27.58M	-$49.21M	-$147.89M
Net Income	-$18.40M	$58.09M	-$179.56M	-$535.81M
Diluted EPS	-0.30	0.91	-2.52	-6.78
Diluted Shares	61.88M	66.54M	71.14M	79.04M

STEP Balance Sheet statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Cash & Equivalents	$128.56M	$181.59M	$289.30M	$1.12B
Receivables	$1.33B	$1.48B	$1.67B	$2.28B
Current Assets	$1.46B	$1.66B	$1.96B	$3.40B
Total Assets	$3.50B	$3.79B	$4.59B	$6.76B
Current Liabilities	$1.66B	$1.69B	$1.78B	$2.29B
Long-Term Debt	—	—	$169.27M	$1.10B
Total Debt	$219.57M	$268.56M	$382.79M	$1.31B
Total Liabilities	$1.84B	$1.92B	$2.81B	$5.88B
Retained Earnings	$160.43M	$13.77M	-$242.55M	-$896.88M
Shareholders' Equity	$771.57M	$324.48M	$179.36M	-$413.56M
Working Capital	-$200.22M	-$32.15M	$183.80M	$1.12B
Net Debt	—	—	—	$83.33M

STEP Cash Flow statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Operating Cash Flow	$151.18M	$161.52M	$64.93M	$66.48M
Capital Expenditure	-$5.63M	-$19.61M	-$5.10M	-$2.62M
Free Cash Flow	$145.56M	$141.91M	$59.83M	$63.86M
Depreciation & Amortisation	$47.44M	$47.59M	$45.49M	$45.73M
Stock-Based Compensation	$24.94M	$39.45M	$650.13M	$1.62B
Investing Cash Flow	-$30.81M	-$47.35M	-$43.48M	$732.88M
Financing Cash Flow	-$108.02M	-$57.98M	$87.48M	$37.44M
Dividends Paid	-$49.97M	-$68.47M	-$75.84M	-$117.76M
Share Repurchases	—	$0.00	$0.00	-$8.71M
Net Change in Cash	$12.36M	$56.20M	$108.93M	$836.80M

STEP Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$377.73M	$364.29M	$454.23M	$586.51M	$588.58M	$378.89M
Cost of Revenue	$214.25M	$191.68M	$247.21M	$288.32M	$360.45M	$212.95M
Gross Profit	$163.48M	$172.60M	$207.01M	$298.19M	$228.13M	$165.94M
Selling, General & Admin	$169.35M	$231.63M	$929.76M	$519.45M	$248.47M	$370.75M
Operating Expenses	$169.35M	$231.63M	$929.76M	$519.45M	$248.47M	$370.75M
Operating Income	-$5.87M	-$59.03M	-$722.75M	-$221.25M	-$20.34M	-$204.81M
EBITDA	$24.54M	-$4.39M	-$659.94M	-$178.12M	$15.52M	-$184.54M
Pretax Income	$9.95M	-$20.35M	-$675.83M	-$194.65M	-$344.00K	-$200.25M
Income Tax	-$3.20M	-$8.34M	-$100.34M	-$32.21M	-$7.00M	-$29.88M
Net Income	-$18.51M	-$38.42M	-$366.14M	-$123.45M	-$7.79M	-$115.82M
Diluted EPS	-0.24	-0.49	-4.66	-1.55	-0.10	-1.41
Diluted Shares	75.98M	77.85M	78.56M	79.47M	80.30M	82.00M

STEP Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$289.30M	$244.13M	$366.18M	$377.45M	$1.12B	$702.52M
Receivables	$1.67B	$1.78B	$1.93B	$2.25B	$2.28B	$2.34B
Current Assets	$1.96B	$2.03B	$2.30B	$2.63B	$3.40B	$3.05B
Total Assets	$4.59B	$4.78B	$5.33B	$5.24B	$6.76B	$7.77B
Current Liabilities	$1.78B	$2.03B	$1.88B	$1.94B	$2.29B	$2.35B
Long-Term Debt	$169.27M	—	$269.92M	$270.25M	$1.10B	$1.35B
Total Debt	$382.79M	$382.08M	$379.38M	$376.74M	$1.31B	$1.57B
Total Liabilities	$2.81B	$3.08B	$4.11B	$4.72B	$5.88B	$6.53B
Retained Earnings	-$242.55M	-$331.99M	-$720.43M	-$866.33M	-$896.88M	-$1.08B
Shareholders' Equity	$179.36M	$153.93M	-$233.46M	-$378.79M	-$413.56M	-$539.20M
Working Capital	$183.80M	-$1.41M	$423.02M	$689.76M	$1.12B	$693.45M
Net Debt	—	$25.46M	—	—	$83.33M	$749.02M

STEP Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	-$66.52M	$46.28M	$16.24M	$27.16M	-$23.20M	-$457.51M
Capital Expenditure	-$2.67M	-$1.09M	-$331.00K	-$432.00K	-$762.00K	-$549.00K
Free Cash Flow	-$69.19M	$45.19M	$15.91M	$26.73M	-$23.96M	-$458.06M
Depreciation & Amortisation	$11.40M	$11.42M	$11.46M	$11.41M	$11.44M	$11.37M
Stock-Based Compensation	$120.34M	$181.65M	$875.50M	$380.39M	$180.02M	$292.81M
Investing Cash Flow	-$6.80M	-$11.79M	-$9.78M	-$67.27M	$821.72M	$21.40M
Financing Cash Flow	$84.90M	-$72.22M	$115.64M	$51.78M	-$57.76M	$19.08M
Dividends Paid	-$18.26M	-$50.27M	-$21.99M	-$22.16M	-$23.34M	-$68.62M
Share Repurchases	—	$0.00	—	—	—	-$19.22M
Net Change in Cash	$11.57M	-$37.73M	$122.10M	$11.67M	$740.76M	-$417.03M

Market Snapshot

About

StepStone Group Inc. is a global private markets investment firm focused on providing customized investment solutions and advisory services. The company partners with institutional investors to manage portfolios across private equity, infrastructure, private debt, and real estate strategies.