Every 10-Q that StepStone Group Inc. (STEP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow STEP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full STEP filings page.
StepStone Group Inc. reported for the three months ended June 30, 2026 total revenues of $378,889 (in thousands), slightly above the prior-year period. Recurring management and advisory fees rose to $269,171 (in thousands), driven mainly by focused commingled funds, while performance fees declined to $109,718 (in thousands) as carried interest allocations fell.
Total expenses increased to $583,699 (in thousands), led by compensation and benefits of $530,230 (in thousands), including a sharp rise in equity-based compensation to $317,277 (in thousands). Net loss attributable to StepStone Group Inc. widened to $115,816 (in thousands), or $1.41 per Class A share. Cash, cash equivalents and restricted cash fell to $703,101 (in thousands), reflecting substantial capital movements within consolidated funds. Total assets were $7,767,674 (in thousands) and total liabilities $6,528,018 (in thousands), with complex non-controlling and redeemable non-controlling interests reflecting the firm’s multi-entity private markets structure.
StepStone Group Inc. reports sharply higher revenue but remains unprofitable for the quarter and year-to-date. For the three months ended December 31, 2025, total revenues rose to $586.5 million from $339.0 million, driven mainly by performance fees and higher management and advisory fees.
Nine-month revenues increased to $1.41 billion from $797.1 million, yet heavy compensation costs led to a net loss attributable to StepStone of $123.5 million for the quarter and $528.0 million year-to-date, both larger than prior-year losses.
Accrued carried interest allocations rose to $1.84 billion, but related compensation liabilities also grew, contributing to total liabilities of $4.72 billion. StepStone Group Inc. stockholders’ equity turned negative at $(378.8) million, while total equity fell to $339.7 million. Cash from operating activities was positive at $89.7 million for the nine months, with cash and cash equivalents of $266.1 million and total cash, equivalents and restricted cash of $378.0 million at period end.
StepStone Group Inc. (STEP) reported Q2 FY2026 results for the quarter ended September 30, 2025. Total revenues were $454.2 million, up from $271.7 million a year ago, driven by management and advisory fees of $215.5 million and performance fees of $238.7 million, including carried interest allocations of $206.7 million.
Expenses rose sharply to $1,177.0 million, primarily from equity-based compensation of $884.5 million and performance fee-related compensation of $119.7 million. The company reported a net loss attributable to StepStone Group Inc. of $366.1 million, or $4.66 per diluted share, versus net income of $17.6 million, or $0.26 per diluted share, in the prior-year quarter.
On the balance sheet, cash and cash equivalents were $229.8 million and debt obligations were $269.9 million. Accrued carried interest allocations increased to $1,733.9 million. As of November 4, 2025, shares outstanding were 79,124,247 Class A and 39,133,716 Class B. For the six months, total revenues were $818.5 million, while equity-based compensation totaled $1,073.2 million.