StepStone Group Reports Third Quarter Fiscal Year 2025 Results

Core Insights - StepStone Group Inc. reported its third quarter fiscal 2025 results, highlighting a quarterly cash dividend of $0.24 per share of Class A common stock, payable on March 14, 2025 [1][5]. Financial Highlights - Total revenues for the quarter ended December 31, 2024, were $339.023 million, compared to a loss of $14.612 million in the same quarter of the previous year [17]. - Management and advisory fees, net, amounted to $190.840 million, an increase from $151.492 million year-over-year [17]. - The company experienced a net loss of $287.163 million for the quarter, compared to a loss of $23.419 million in the same quarter of the previous year [17][18]. - Adjusted net income (ANI) for the quarter was $42.116 million, reflecting a 25% increase compared to the previous year [9][27]. Key Business Metrics - As of December 31, 2024, StepStone managed approximately $698 billion in total capital, including $179 billion in assets under management (AUM) [5]. - The fee-earning AUM (FEAUM) increased to $114.2 billion, representing a 28% year-over-year growth [9]. - The company reported a fee-related earnings (FRE) margin of 39% for the quarter [9][30]. Dividend Information - The declared quarterly cash dividend of $0.24 per share represents a 14% increase compared to the previous quarter [10][11]. Conference Call - Management will host a webcast and conference call to discuss the results, scheduled for February 6, 2025, at 5:00 pm ET [3][4].