StepStone Group Inc. (STEP) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
277 PARK AVENUE NEW YORK, NY 10172 |
| State of Incorp. | |
| Fiscal Year End | March 31 |
| Industry (SIC) | 6282 - Investment Advice (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2025 MRQ | 3/31/2025 | 12/31/2024 MRQ | 3/31/2024 | 3/31/2023 | 3/31/2022 | 3/31/2021 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 116,386 | 179,886 | |||||||
| Cash and cash equivalent | 116,386 | 179,886 | |||||||
| Total current assets: | 116,386 | 179,886 | |||||||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 91,841 | 90,567 | 97,763 | 101,130 | 61,065 | ||||
| Property, plant and equipment | 29,798 | 29,558 | 15,841 | 12,762 | 10,229 | ||||
| Long-term investments and receivables | 2,308,586 | 2,219,750 | 2,120,291 | 2,113,012 | 2,922,141 | 970,902 | |||
| Long-term investments | 2,308,586 | 2,219,750 | 2,120,291 | 2,113,012 | 2,922,141 | 970,902 | |||
| Intangible assets, net (including goodwill) | 844,414 | 854,664 | 885,415 | 935,187 | 978,668 | 12,283 | |||
| Goodwill | 580,542 | 580,542 | 580,542 | 580,542 | 580,542 | 6,792 | |||
| Intangible assets, net (excluding goodwill) | 263,872 | 274,122 | 304,873 | 354,645 | 398,126 | 5,491 | |||
| Deferred income tax assets | 382,886 | 356,122 | 184,512 | 44,358 | 27,866 | 89,439 | |||
| Total noncurrent assets: | 3,657,525 | 3,521,103 | 3,317,539 | 3,209,528 | 4,002,502 | 1,082,853 | |||
| Other undisclosed assets | 929,168 | 828,544 | 471,268 | 287,875 | 69,237 | 58,033 | |||
| TOTAL ASSETS: | 4,586,693 | 4,349,647 | 3,788,807 | 3,497,403 | 4,188,125 | 1,320,772 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 911 | 808 | |||||||
| Accrued liabilities | 911 | 808 | |||||||
| Total current liabilities: | 911 | 808 | |||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 2,811,410 | 2,605,413 | 1,915,673 | 1,844,086 | 2,363,795 | 661,079 | |||
| Total liabilities: | 2,812,321 | 2,606,221 | 1,915,673 | 1,844,086 | 2,363,795 | 661,079 | |||
| Temporary equity, including noncontrolling interest | 24,530 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 179,356 | 209,842 | 324,476 | 771,567 | 817,625 | 249,408 | |||
| Additional paid in capital | 421,057 | 415,059 | 310,293 | 610,567 | 587,243 | 188,751 | |||
| Accumulated other comprehensive income | 728 | 341 | 304 | 461 | 658 | 155 | |||
| Retained earnings (accumulated deficit) | (242,546) | (205,674) | 13,768 | 160,430 | 229,615 | 60,407 | |||
| Other undisclosed equity, attributable to parent | 117 | 116 | 111 | 109 | 109 | 95 | |||
| Other undisclosed equity | 1,210,792 | 1,240,210 | 1,330,115 | 857,220 | 1,006,705 | 410,285 | |||
| Total equity: | 1,390,148 | 1,450,052 | 1,654,591 | 1,628,787 | 1,824,330 | 659,693 | |||
| Other undisclosed liabilities and equity | 384,224 | 293,374 | 218,543 | ||||||
| TOTAL LIABILITIES AND EQUITY: | 4,586,693 | 4,349,647 | 3,788,807 | 3,497,403 | 4,188,125 | 1,320,772 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2025 TTM | 3/31/2025 | 12/31/2024 TTM | 3/31/2024 | 3/31/2023 | 3/31/2022 | 3/31/2021 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,174,830 | 1,748,680 | 711,631 | (67,574) | 1,365,525 | 787,716 | ||
| Cost of revenue | (1,264,295) | (1,296,392) | (372,543) | (802,695) | (411,062) | |||
| Gross profit: | (89,465) | 452,288 | 339,088 | (67,574) | 562,830 | 376,654 | ||
| Operating expenses | (177,354) | (189,972) | (167,317) | (147,159) | (110,468) | (48,485) | ||
| Operating income (loss): | (266,819) | 262,316 | 171,771 | (214,733) | 452,362 | 328,169 | ||
| Nonoperating income (expense) | 44,784 | 88,922 | 23,625 | (40,957) | 60,219 | 9,680 | ||
| Investment income, nonoperating | 10,850 | 10,228 | 3,664 | 1,921 | 337 | 413 | ||
| Other nonoperating income (expense) | (32,650) | 2,209 | 2,455 | (1,420) | 2,249 | 220 | ||
| Interest and debt expense | (12,701) | (15,605) | (9,331) | (4,189) | (3,500) | (3,500) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (234,736) | 335,633 | 186,065 | (259,879) | 509,081 | 334,349 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 12,701 | (263,263) | 9,331 | 218,425 | 3,500 | 3,500 | ||
| Income (loss) from continuing operations before income taxes: | (222,035) | 72,370 | 195,396 | (41,454) | 512,581 | 337,849 | ||
| Income tax expense (benefit) | 49,208 | 11,561 | (27,576) | (3,821) | (28,300) | (23,256) | ||
| Income (loss) from continuing operations: | (172,827) | 83,931 | 167,820 | (45,275) | 484,281 | 314,593 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | 484,281 | 314,593 | |
| Net income (loss): | (172,827) | 83,931 | 167,820 | (45,275) | 484,281 | 314,593 | ||
| Net loss attributable to noncontrolling interest | (53,731) | (17,430) | (1,776) | |||||
| Other undisclosed net income (loss) attributable to parent | 46,995 | (122,266) | (109,729) | 28,653 | (290,396) | (251,959) | ||
| Net income (loss) available to common stockholders, basic: | (179,563) | (55,765) | 58,091 | (18,398) | 193,885 | 62,634 | ||
| Other undisclosed net income (loss) available to common stockholders, diluted | 3,342 | 2,653 | 11,732 | |||||
| Net income (loss) available to common stockholders, diluted: | (179,563) | (52,423) | 60,744 | (18,398) | 205,617 | 62,634 | ||
Comprehensive Income ($ in thousands)
| 6/30/2025 TTM | 3/31/2025 | 12/31/2024 TTM | 3/31/2024 | 3/31/2023 | 3/31/2022 | 3/31/2021 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (172,827) | 83,931 | 167,820 | (45,275) | 484,281 | 314,593 | ||
| Net loss attributable to redeemable noncontrolling interest | (53,731) | (17,430) | ✕ | ✕ | ✕ | ✕ | ||
| Other comprehensive income (loss) | 1,217 | (493) | (675) | (687) | 1,694 | 1,375 | ||
| Comprehensive income (loss): | (171,610) | 83,438 | 167,145 | (45,962) | 485,975 | 315,968 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (7,529) | (139,311) | (109,250) | 27,368 | (291,641) | (253,216) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (179,139) | (55,873) | 57,895 | (18,594) | 194,334 | 62,752 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.