Stepstone Group, Inc. ( (STEP) ) has released its Q2 earnings. Here is a breakdown of the information Stepstone Group, Inc. presented to its investors.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
StepStone Group Inc. is a global private markets investment firm that specializes in providing customized investment solutions, advisory, and data services to a diverse range of clients, including pension funds, sovereign wealth funds, and high-net-worth individuals. The company operates across various asset classes such as private equity, infrastructure, private debt, and real estate.
In its latest earnings report for the second quarter of fiscal year 2026, StepStone Group announced a significant increase in total revenues, which rose by 67% compared to the same period last year. The company also declared a quarterly cash dividend of $0.28 per share for Class A common stock, reflecting its commitment to returning value to shareholders.
Key financial highlights from the report include a substantial rise in total performance fees, which surged by 175% year-over-year, and an 18% increase in management and advisory fees. However, the company reported a net loss of $575.49 million, primarily due to significant equity-based compensation expenses. Despite the loss, StepStone’s assets under management grew by 19% to $209.1 billion, indicating strong client demand and successful fundraising efforts.
Looking ahead, StepStone Group remains focused on executing its growth strategies and capitalizing on favorable market conditions in the private markets sector. The management is optimistic about the company’s ability to navigate the current economic environment and continue delivering value to its clients and shareholders.