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StepStone Group Inc. STEP Contract Liabilities

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Other financials

Income statement

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Revenue$378.9M+4.0%
Net income-$115.8M-201%
EPS (diluted)-$1.41-188%

Balance sheet

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Cash & equivalents$703.1M+187%
Total debt$391.5M+2.5%
Total equity-$539.2M-450%
Total assets$7.8B+62.4%

Cash flow

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Operating cash flow-$457.5M-1,089%
CapEx$549.0K-49.9%
Free cash flow-$458.1M-1,114%

Valuation

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Market cap$4.14B-9.7%
Enterprise value$3.83B-18.9%
P/S2.1×-1.3×

Profitability

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Net margin-30.5%+112pp
FCF margin11.8%

Returns & leverage

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Return on equity-88.8%-97.7pp
Debt / equity2.5×+1.7×

Where this comes from

Reported directly by StepStone Group Inc. in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The source filing: StepStone Group Inc.’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:02 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001628280-26-054818

As of June 30, 2026 and March 31, 2026, the Company had $24.4 million and $23.8 million, respectively, of deferred revenues, which is included in accounts payable, accrued expenses and other liabilities in the condensed consolidated balance sheets. During the three months ended June 30, 2026, the Company had recognized $2.7 million as revenue from amounts included in the deferred revenue balance as of March 31, 2026.

Item 1. Financial Statements

FAQ

What is StepStone Group Inc.'s contract liabilities?
StepStone Group Inc. (STEP) reported contract liabilities of $24.4M in Q2 2026.
How has StepStone Group Inc.'s contract liabilities changed year-over-year?
StepStone Group Inc.'s contract liabilities decreased by 5.8% year-over-year, from $25.9M to $24.4M.
What is the long-term trend for StepStone Group Inc.'s contract liabilities?
Over 5 years (2021 to 2026), StepStone Group Inc.'s contract liabilities has grown at a 11.4% compound annual growth rate (CAGR), from $13.9M to $23.8M.
What does contract liabilities mean?
Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

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