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StepStone Group (STEP)
NASDAQ:STEP
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2026 (Q1)Consensus EPS Forecast
0.42Last Year’s EPS
0.48Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 22, 2025
|% Change Since: 4.57%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Positive
StepStone Group Inc. reported strong financial performance with record fee-related earnings and significant growth in asset management, particularly in private wealth. However, the company faced challenges, including a GAAP net loss and market volatility. Despite these challenges, the strength of the positive results, especially in fee-related earnings and asset growth, outweigh the negatives.Company Guidance
During the fiscal fourth quarter of 2025, StepStone Group Inc. reported a GAAP net loss of $18.5 million, equivalent to $0.24 per share, but achieved significant growth in other areas, such as fee-related earnings, which rose by 85% to $94.1 million, resulting in an FRE margin of 44%. The firm also reported an adjusted net income of $80.6 million or $0.68 per share, marking a substantial increase from the previous year's $37.7 million or $0.33 per share. StepStone declared a base quarterly dividend of $0.24 and a supplemental dividend of $0.40, with the full fiscal year's dividend payout amounting to $1.36 per share, an increase from the previous year's $0.99. The company highlighted record fundraising efforts, raising over $31 billion in assets under management and achieving a fee-earning asset growth rate of 29%. Additionally, StepStone's private wealth platform grew notably, from $3.4 billion to over $8 billion in assets, driven by new products and expanded distribution. Despite market volatility, the company remains optimistic about its strategic growth and investment opportunities across global private markets.Record Fee-Related Earnings and Growth
StepStone Group Inc. reported fee-related earnings of $94.1 million, up 85% from the prior year quarter, and achieved an FRE margin of 44%. Adjusted net income for the quarter was $80.6 million, up from $37.7 million in the previous year.
Strong Asset Management and Fundraising
The company raised over $31 billion of assets under management for the full year, translating to a fee-earning asset growth of over 29%. Total gross inflows for the quarter were $9.9 billion, the second-highest quarter on record.
Significant Expansion in Private Wealth
The private wealth platform grew from $3.4 billion to over $8 billion in assets by the end of the fiscal year, driven by new products, distribution expansion, and momentum in existing products.
Successful Launch of Infrastructure Fund
Closed on a debut infrastructure co-investment fund of over $1 billion, marking a milestone for the company's expansion into new asset classes.
Increased Dividend Payout
Declared a base quarterly dividend of $0.24 and a supplemental dividend of $0.40, bringing the full dividend payout for the fiscal year to $1.36, up from $0.99 the previous year.
STEP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
STEP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 22, 2025 | $56.71 | $58.72 | +3.54% |
Feb 06, 2025 | $63.70 | $64.21 | +0.80% |
Nov 07, 2024 | $64.35 | $67.50 | +4.90% |
Aug 08, 2024 | $45.83 | $49.35 | +7.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does StepStone Group (STEP) report earnings?
StepStone Group (STEP) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is StepStone Group (STEP) earnings time?
StepStone Group (STEP) earnings time is at Aug 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STEP EPS forecast?
STEP EPS forecast for the fiscal quarter 2026 (Q1) is 0.42.