STEP · StepStone Group Inc. · Financials
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|---|
| $2.01B | $1.99B | $1.17B | $711.63M | -$67.57M | $1.37B | $787.72M | $446.61M | $256.27M | |
| $197.81M | $187.25M | $177.35M | $167.32M | $147.16M | $110.47M | $48.49M | $52.36M | $48.3M | |
| $40.8M | $40.8M | $41M | $42.4M | $43.5M | $24.5M | $3.3M | $5M | $6.5M | |
| $45.68M | $45.73M | $45.49M | $47.59M | $47.44M | $26.98M | $5.5M | $7.08M | $7.89M | |
| $3.18B | $3.02B | $1.44B | $539.86M | -$67.08M | $913.16M | $459.55M | $294.67M | $189.85M | |
| $18.31M | $18.5M | $12.7M | $9.33M | $4.19M | $1.11M | $7.36M | $10.21M | $10.26M | |
| $14.06M | $11.83M | $10.85M | $3.66M | $1.92M | $337K | $413K | $1.44M | $1.51M | |
| $98.08M | $132.2M | $44.78M | $23.63M | -$40.96M | $60.22M | $9.68M | -$3.2M | -$4.82M | |
| $41.13M | $40.82M | $15.1M | $7.45M | -$2.51M | $26.16M | $16.41M | $6.93M | $4.13M | |
| $73.58M | $92.41M | $65.37M | $28.47M | $9.32M | — | — | — | — | |
| -$1.07B | -$891.17M | -$222.04M | $195.4M | -$41.45M | $512.58M | $337.85M | $148.74M | $61.6M | |
| -$169.44M | -$147.89M | -$49.21M | $27.58M | $3.82M | $28.3M | $23.26M | $3.96M | $1.64M | |
| -$613.2M | -$535.81M | -$179.56M | $58.09M | -$18.4M | $193.89M | $62.63M | $0 | $0 | |
| — | -26.88% | -15.28% | 8.16% | — | 14.2% | 7.95% | 0% | 0% | |
| -$612.87M | -$535.9M | -$179.14M | $57.9M | -$18.59M | $194.33M | $62.75M | $0 | $0 | |
| USD/shares | -$7.70 | -$6.78 | -$2.52 | $0.91 | -$0.30 | $3.89 | $2.11 | — | — |
| USD/shares | -$7.70 | -$6.78 | -$2.52 | $0.91 | -$0.30 | $3.84 | $2.06 | — | — |
| shares | — | 79.04M | 71.14M | 63.49M | 61.88M | 49.83M | 29.66M | — | — |
| shares | — | 79.04M | 71.14M | 66.54M | 61.88M | 53.6M | 33.27M | — | — |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2019–FY2026: $8.72M in buybacks, $337.97M in dividends.
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Operating lease liabilities | 2026-06-30 | USD 116,465,000 | 10-Q filed 2026-08-07 |
Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 60 similar-size Asset Management companies (of 112 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Geography (USD)
| Component | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| United States | $1,071,746,000 | $521,236,000 | $191,373,000 | -$238,441,000 | $428,282,000 | $166,719,000 | $108,681,000 | $88,828,000 |
| Non Us | $921,857,000 | $653,594,000 | $520,258,000 | $170,867,000 | $937,243,000 | $620,997,000 | $337,930,000 | $167,440,000 |
By Product & Service (USD)
| Component | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Performance Fees | $1,067,138,000 | $407,816,000 | $126,491,000 | -$564,753,000 | $985,268,000 | — | — | — |
| Management and Advisory Fees Net | $926,465,000 | $767,014,000 | $585,140,000 | $497,179,000 | $380,257,000 | $285,462,000 | $235,205,000 | $190,826,000 |
| Carried Interest Allocation | $708,294,000 | $301,200,000 | $176,309,000 | -$122,253,000 | $786,569,000 | — | — | — |
| Management and Advisory Fees Net Focused Commingled Funds | $547,764,000 | $440,131,000 | $295,927,000 | $227,003,000 | $148,725,000 | $97,223,000 | $79,402,000 | $59,048,000 |
| Carried Interest Allocation Unrealized | $539,712,000 | $141,547,000 | $126,908,000 | -$253,342,000 | $585,851,000 | — | — | — |
| Management and Advisory Fees Net Separately Managed Accounts | $293,629,000 | $252,709,000 | $223,958,000 | $210,187,000 | $174,318,000 | $135,784,000 | $107,286,000 | $86,111,000 |
| Incentive Fees | $220,133,000 | $32,275,000 | $25,339,000 | $9,663,000 | $11,593,000 | $5,474,000 | $3,410,000 | $1,540,000 |
| Incentive Fees Focused Commingled Funds | $209,864,000 | $23,397,000 | $9,045,000 | $3,057,000 | $152,000 | $28,000 | $0 | $0 |
| Carried Interest Allocation Realized | $168,582,000 | $159,653,000 | $49,401,000 | $131,089,000 | $200,718,000 | — | — | — |
| Legacy Carried Interest Allocation | $138,711,000 | $74,341,000 | -$75,157,000 | -$452,163,000 | $187,106,000 | — | — | — |
| Management and Advisory Fees Net Advisory and Other Services | $74,491,000 | $67,061,000 | $60,057,000 | $56,244,000 | $55,523,000 | $52,217,000 | $47,848,000 | $44,838,000 |
| Income Based Incentive Fees | $22,800,000 | $8,000,000 | $1,400,000 | $0 | — | — | — | — |
| Management and Advisory Fees Net Fund Reimbursement Revenues | $10,581,000 | $7,113,000 | $5,198,000 | $3,745,000 | $1,691,000 | $238,000 | $669,000 | $829,000 |
| Incentive Fees Separately Managed Accounts | $10,269,000 | $8,878,000 | $16,294,000 | $6,606,000 | $11,441,000 | $5,446,000 | $3,410,000 | $1,540,000 |
| Management And Advisory Fees Net BDC Income Based Incentive Fees | — | — | $1,400,000 | $0 | $0 | — | — | — |