StepStone (STEP) - 2026 Q1 - Earnings Call Presentation

First Quarter Fiscal Year 2026 Earnings Presentation August 7, 2025 STEPSTONE GROUP 1 Today's presenters CEO STEPSTONE GROUP 2 Mike McCabe Head of Strategy Scott Hart Jason Ment President & Co-COO David Park CFO GAAP consolidated statements of income (loss) ($ in thousands, except per share amounts) Jun '24 Jun '25 % Fav / Unfav Revenues Management and advisory fees, net $ 178,015 $ 211,173 19% Performance fees: Incentive fees 841 190 -77% Carried interest allocations: Realized 41,804 24,404 -42% Unrealized ...