StepStone Group Inc. (STEP) Financial Statements
Industry: Investment Advice
In fiscal 2026, StepStone reported revenue of $1.99B, up 69.7% from $1.17B the year before. Net income was -$535.8M (a -26.9% net margin), or -$6.78 per diluted share. Gross margin was -51.3% and operating margin was -60.7%. Operating activities generated $66.5M of cash, leaving $63.9M of free cash flow. At fiscal year end, StepStone held $6.76B in total assets against $5.88B in total liabilities.
Open the full interactive StepStone financials → Quarterly statements, key ratios, valuation history and price charts.
StepStone Key Stats
| Share Price | $42.24 |
|---|---|
| Market Cap | $3.46B |
| Revenue YoY Growth | +69.7% |
| 52-Week Range | $39.28 – $73.91 |
| Shares Outstanding | 82.0 million (basic, 2027 Q1) |
StepStone Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $787.7M | $1.37B | -$67.6M | $711.6M | $1.17B | $1.99B |
| Cost of Goods Sold | $459.5M | $913.2M | -$67.1M | $539.9M | $1.44B | $3.02B |
| Gross Profit | $328.2M | $452.4M | -$497,000 | $171.8M | -$266.8M | -$1.02B |
| Operating Income | $279.7M | $341.9M | -$147.7M | $4.5M | -$444.2M | -$1.21B |
| Pre-Tax Income | $337.8M | $512.6M | -$41.5M | $195.4M | -$222.0M | -$891.2M |
| Income Tax | $23.3M | $28.3M | $3.8M | $27.6M | -$49.2M | -$147.9M |
| Net Income | $62.6M | $193.9M | -$18.4M | $58.1M | -$179.6M | -$535.8M |
| Diluted EPS | $2.06 | $3.84 | -$0.30 | $0.91 | -$2.52 | -$6.78 |
StepStone Quarterly Results
| 2026 Q2 | 2026 Q3 | 2026 Q4 | 2027 Q1 | |
|---|---|---|---|---|
| Revenue | $454.2M | $586.5M | $588.6M | $378.9M |
| Net Income | -$366.1M | -$123.5M | -$7.8M | -$115.8M |
| Diluted EPS | -$4.66 | -$1.55 | -$0.10 | -$1.41 |
StepStone Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $179.9M | $116.4M | — | — | — | — |
| Total Assets | $1.32B | $4.19B | $3.50B | $3.79B | $4.59B | $6.76B |
| Total Long-Term Debt | — | $62.9M | $98.4M | $148.8M | $269.3M | — |
| Total Liabilities | $661.1M | $2.36B | $1.84B | $1.92B | $2.81B | $5.88B |
| Shareholders' Equity | $249.4M | $817.6M | $771.6M | $324.5M | $179.4M | -$413.6M |
StepStone Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $149.3M | $214.3M | $151.2M | $161.5M | $64.9M | $66.5M |
| Cash From Investing | -$11.2M | -$210.2M | -$30.8M | -$47.3M | -$43.5M | $732.9M |
| Cash From Financing | -$45.3M | -$70.4M | -$108.0M | -$58.0M | $87.5M | $37.4M |
| Free Cash Flow | $148.0M | $212.2M | $145.6M | $141.9M | $59.8M | $63.9M |
Figures from StepStone's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full StepStone financials page for every line item.
StepStone Company Profile
| Ticker | STEP |
|---|---|
| Exchange | Nasdaq |
| Industry | Investment Advice |
| Headquarters | New York, New York |
| Fiscal Year End | March 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001796022 |
Frequently Asked Questions
What was StepStone's revenue in fiscal 2026?
StepStone (STEP) reported revenue of $1.99B for fiscal 2026.
What is StepStone's annual revenue history?
StepStone's annual revenue by fiscal year: 2021: $787.7M; 2022: $1.37B; 2023: -$67.6M; 2024: $711.6M; 2025: $1.17B; 2026: $1.99B.
What was StepStone's net income in fiscal 2026?
StepStone reported net income of -$535.8M for fiscal 2026.
What was StepStone's earnings per share (EPS) in fiscal 2026?
StepStone's diluted EPS was -$6.78 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did StepStone generate in fiscal 2026?
StepStone generated $63.9M of free cash flow in fiscal 2026.
What was StepStone's revenue last quarter?
In its most recent reported quarter (2027 Q1), StepStone reported revenue of $378.9M.
How many shares of StepStone are outstanding?
StepStone reported a weighted average of 82.0 million basic shares outstanding in 2027 Q1.
What is StepStone's market cap?
Based on its latest closing price, StepStone (STEP) has a market capitalization of about $3.46B.
When does StepStone's fiscal year end?
StepStone's fiscal year end, as registered with the SEC, is March 31.
Where is StepStone headquartered?
StepStone lists its business address in New York, New York in its SEC filings.