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StepStone Group Inc. STEP Q2 2026 earnings

Reported November 6, 2025 · After market close

Revenue$454.2MBeat by $181.9MDiluted EPS$0.54Beat by $0.05
Revenue estimate$272.3M
EPS estimate$0.49

Next report

Aug 6, 2026 (In 3 weeks)
Revenue estimate$309.8M
EPS estimate$0.55

Financials

Q2 2026

Income statement

See full
Revenue$454.2M+67.2%
Net income-$366.1M-2,177%
EPS (diluted)-$4.66-1,892%

Balance sheet

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Cash & equivalents$366.7M+62.7%
Total debt$379.4M+31.5%
Total equity-$233.5M-159%
Total assets$5.3B+32.0%

Cash flow

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Operating cash flow$16.2M-69.8%
CapEx$331.0K-74.4%
Free cash flow$15.9M-69.6%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$5.13B+36.4%
Enterprise value$5.14B+34.5%
P/S3.3×-1.4×

Profitability

See full
Net margin-40.1%-45.3pp

Segments

By product

See full
Focused commingled funds$125.3M+16.8%
SMAs$71.7M+16.8%
Advisory and other services$16.3M+9.1%
Income Based Incentive Fees$5.3M+308%
Fund reimbursement revenues$2.2M+85.6%

Versus estimates

Revenue

Q4 2026$305.8MBeat by $13.7MQ3 2026$494.5MBeat by $99.5M
Q2 2026$454.2MBeat by $181.9M
Q1 2026$364.3MBeat by $125.8MQ4 2025$377.7MBeat by $148.4MQ3 2025$339.0MBeat by $112.8M

Diluted EPS

Q4 2026$0.57Beat by $0.06Q3 2026$0.65Beat by $0.05
Q2 2026$0.54Beat by $0.05
Q1 2026-$0.49Miss by $0.92Q4 2025$0.68Beat by $0.24Q3 2025$0.44Miss by $0.03

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Questions, answered.

When did StepStone Group Inc. report Q2 2026 earnings?
StepStone Group Inc. (STEP) reported Q2 2026 earnings on November 6, 2025 after market close.
What were StepStone Group Inc.'s Q2 2026 revenue and EPS?
StepStone Group Inc. reported revenue of $454.2M and diluted EPS of $0.54 for Q2 2026.
Did StepStone Group Inc. beat estimates in Q2 2026?
Revenue beat the consensus estimate of $272.3M by $181.9M. EPS beat the consensus estimate of $0.49 by $0.05.
How did StepStone Group Inc.'s Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 67.2% from $271.7M a year earlier and diluted EPS grew 20.0% from $0.45.
Where can I find StepStone Group Inc.'s Q2 2026 SEC filings?
You can read the 8-K earnings release (0001796022-25-000073) and the 10-Q periodic report (0001628280-25-050217) directly on SEC EDGAR. The filing index links above go to sec.gov.