StepStone posted adjusted net income (ANI) of $80 million , or $0.65 per share , up from $53 million , or $0.44 per share , in the prior-year quarter. The increase was attributed to higher fee-related earnings and higher performance-related earnings.On an operating basis, StepStone generated fee-related earnings (FRE) of $89 million , up 20% year-over-year, with an FRE margin of 37% . The quarter included $1.1 million of retroactive fees from the Infrastructure Secondaries Fund and the Multi-Strategy Global ...

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For the quarter ended December 2025, StepStone Group Inc. (STEP) reported revenue of $494.5 million, up 102.8% over the same period last year. EPS came in at $0.65, compared to $0.44 in the year-ago quarter.The reported revenue represents a surprise of +21.44% over the Zacks Consensus Estimate of $407.21 million. With the consensus EPS estimate being $0.60, the EPS surprise was +9.24%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

StepStone Group Inc. (STEP) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.6 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +9.24%. A quarter ago, it was expected that this company would post earnings of $0.49 per share when it actually produced earnings of $0.54, delivering a surprise of +10.2%.Over the last four quarters, the comp ...

StepStone Group (NasdaqGS:STEP) Q3 2026 Earnings call February 05, 2026 05:00 PM ET Company ParticipantsAlex Blostein - Managing DirectorDavid Park - Partner and CFOJason Ment - Partner, President, and Co-COOMichael Cyprys - Managing Director and Equity Research In FinancialsMichael McCabe - Head of StrategyScott Hart - Partner and CEOSeth Weiss - Managing Director and Corporate Investor RelationsConference Call ParticipantsBrennan Hawken - Senior Equity Research AnalystJohn Dunn - Managing Director and Sen ...

Financial Data and Key Metrics Changes - The company reported a GAAP net loss of $123 million or $1.55 per share for Q3 2026, primarily due to the change in fair value of StepStone Private Wealth profits interests [4] - Fee-related earnings were $89 million, up 20% year-over-year, with a FRE margin of 37% [5][17] - Adjusted net income for the quarter was $80 million or $0.65 per share, an increase from $53 million or $0.44 per share in the same quarter last year [5][20] Business Line Data and Key Metrics Changes - Core fee-related earnings, excluding retroactive fees, were $88 million, reflecting a 35% increase compared to the prior year [5] - The company generated gross AUM additions of over $8 billion in the quarter and over $34 billion for the calendar year, marking its best fundraising period [7][13] - In private wealth, the platform grew to $15 billion with over $2.2 billion in new subscriptions for the quarter [8][15] Market Data and Key Metrics Changes - Approximately two-thirds of the inflows were from outside North America, with strong fundraising in Asia and Europe [13][60] - The company reported a retention rate on managed accounts of over 90%, with reups growing by nearly 30% [14] Company Strategy and Development Direction - The company is focused on diversifying its investment approach across various asset classes and capital structures, particularly in the context of AI evolution [10][11] - The firm is currently in the market with several funds, including private equity co-investment and secondaries funds, expecting to activate fee-earning capital in the coming year [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the earnings trajectory, citing an improving capital market environment that may yield stronger realizations [6] - The company anticipates continued growth in private wealth subscriptions and is optimistic about the upcoming fundraising efforts [8][9] Other Important Information - The company plans to pay out a supplemental dividend at the end of the fiscal year, subject to board approval based on performance-related revenues [20] - The net accrued carry finished the quarter at $875 million, indicating a mature investment portfolio ready for harvesting [21] Q&A Session Summary Question: Exposure to software companies across the portfolio - Management highlighted the diversified approach to private markets investing, emphasizing that not all software companies are equal and that they focus on portfolio construction and diversification to manage risks [24][25] Question: Growth in private wealth business and scaling existing products - Management noted that they are in early stages of building syndicates for new funds and expect to see growth in distribution over the coming year, with no new product announcements planned [31] Question: Managing inflows for Spring fund - Management stated that they have not faced issues with inflows and continue to see strong opportunities for deployment across various avenues [35] Question: Expectations for next vintages of funds - Management tempered expectations for modest growth in fund sizes, emphasizing the importance of matching fundraising to the size of the opportunity [37] Question: Performance attribution for Spring fund - Management explained that the performance was driven more by direct secondaries rather than discounts, highlighting the proactive approach in identifying value drivers [44][46]

StepStone Group (NasdaqGS:STEP) Q3 2026 Earnings call February 05, 2026 05:00 PM ET Speaker7Good day and thank you for standing by. Welcome to the Q3 2026 StepStone Group Inc. earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising that your hand is raised. To withdra ...

Today's presenters STEPSTONE GROUP 2 Scott Hart CEO Jason Ment President & Co-COO Mike McCabe Head of Strategy David Park CFO GAAP consolidated statements of loss StepStone Group Earnings Presentation THIRD QUARTER FISCAL YEAR 2026 February 5, 2026 1 GAAP net loss was $162.4 million for the quarter and $749.9 million year-to-date. GAAP net loss attributable to StepStone Group Inc. was $123.5 million (or $1.55 per share) for the quarter and $528.0 million (or $6.72 per share) year-to-date. | ($ in thousands, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION STEPSTONE GROUP INC. (Exact name of Registrant as specified in its charter) Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________________ to ___________________________ Commission file number 001-39510 (S ...

STEPSTONE GROUP REPORTS THIRD QUARTER FISCAL YEAR 2026 RESULTS NEW YORK, February 5, 2026 – StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm focused on providing customized investment solutions and advisory and data services, today reported results for the quarter ended December 31, 2025. This represents results for the third quarter of the fiscal year ending March 31, 2026. The Board of Directors of the Company has declared a quarterly cash dividend of $0.28 per share of Class ...