← StepStone Group Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | $256.3m |
$446.6m
+74.27%
|
$787.7m
+76.38%
|
$1.4b
+73.35%
|
($67.6m)
-104.95%
|
$711.6m
+1153.11%
|
$1.2b
+65.09%
|
$2.0b
+69.69%
|
$2.0b
+0.73%
|
|
| Interest expense | ($10.3m) | ($10.2m) | ($7.4m) | ($1.1m) | ($4.2m) | ($9.3m) | ($12.7m) | ($18.5m) | $18.3m | |
| Investment income | $4.1m | $6.9m | $16.4m | $26.2m | ($2.5m) | $7.5m | $15.1m | $40.8m | — | |
| Investment income of Consolidated Funds | — | — | $0 | $0 | $9.3m | $28.5m | $65.4m | $92.4m | — | |
| Interest income | $1.5m | $1.4m | $413k | $337k | $1.9m | $3.7m | $10.8m | $11.8m | $14.1m | |
| Other income (expense) | ||||||||||
| Total other income | ($4.8m) | ($3.2m) | $9.7m | $60.2m | ($41.0m) | $23.6m | $44.8m | $132.2m | — | |
| Income (loss) before income tax | $61.6m | $148.7m | $337.8m | $512.6m | ($41.5m) | $195.4m | ($222.0m) | ($891.2m) | — | |
| Income tax expense (benefit) | $1.6m | $4.0m | $23.3m | $28.3m | $3.8m | $27.6m | ($49.2m) | ($147.9m) | ($169.4m) | |
| Net income | $60.0m |
$144.8m
+141.47%
|
$314.6m
+117.28%
|
$484.3m
+53.94%
|
($45.3m)
-109.35%
|
$167.8m
+470.67%
|
($172.8m)
-202.98%
|
($743.3m)
-330.07%
|
($613.2m)
+17.50%
|
|
| Less: Net income attributable to non-controlling interests | $60.0m | $144.8m | $252.0m | $290.4m | ($28.7m) | $88.1m | ($47.8m) | ($275.9m) | — | |
| Less: Net income attributable to redeemable non-controlling interests | — | — | $0 | $0 | $1.8m | $21.6m | $53.7m | $66.0m | — | |
| Net income (loss) attributable to StepStone Group Inc. | $0 | $0 | $5 | $2 | $2 | $3 | $1 | $1 | ($613.2m) | |
| Basic (in dollars per share) | — | — | $10.61 | $9.72 | ($0.73) | $2.64 | ($2.43) | ($9.40) | — | |
| Diluted (in dollars per share) | — | — | $9.45 | $9.04 | ($0.73) | $2.52 | ($2.43) | ($9.40) | — | |
| Dividends declared per share of Class A common stock (in dollars per share) | — | — | $0.07 | $0.44 | $0.80 | $1.08 | $1.08 | $1.48 | — | |
| Cash-based compensation | $108.3m | $130.7m | $157.1m | $197.5m | $252.2m | $293.0m | $331.8m | $414.1m | — | |
| Equity-based compensation | $1.7m | $1.9m | $7.9m | $14.0m | $24.9m | $42.4m | $669.1m | $1.7b | — | |
| Realized | $20.3m | $27.0m | $30.5m | $91.2m | $79.8m | $37.7m | $94.7m | $192.6m | — | |
| Unrealized | $11.2m | $82.7m | $215.5m | $312.9m | ($119.0m) | $74.7m | $94.3m | $342.2m | — | |
| Legacy Greenspring performance fee-related compensation | — | $0 | $0 | $187.1m | ($452.2m) | ($75.2m) | $74.3m | $138.7m | — | |
| General, administrative and other | $48.3m | $52.4m | $48.5m | $110.5m | $147.2m | $167.3m | $177.4m | $187.3m | — | |
| Legacy Greenspring investment loss | — | $0 | $0 | $32.6m | ($44.1m) | ($9.1m) | ($1.2m) | $4.9m | — | |
| Total performance fee-related compensation | $31.5m | $109.7m | $246.0m | $404.1m | ($39.2m) | $112.4m | $189.0m | $534.8m | — | |
| Total compensation and benefits | $141.5m | $242.3m | $411.1m | $802.7m | ($214.2m) | $372.5m | $1.3b | $2.8b | — | |
| Total expenses | $189.8m | $294.7m | $459.5m | $913.2m | ($67.1m) | $539.9m | $1.4b | $3.0b | $3.2b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.