What is StepStone Group Inc.'s carried interest, contingent repayment obligations?

StepStone Group Inc. (STEP) reported carried interest, contingent repayment obligations of $419.6M in Q4 2025.

StepStone Group Inc. STEP Carried interest, contingent repayment obligations

Revenue$588.6M+55.8%

Net income-$7.8M+57.9%

EPS (diluted)-$0.06+70.0%

Cash & equivalents$378.0M+35.2%

Total debt$103.6M-72.9%

Total equity-$413.6M-331%

Total assets$6.8B+47.4%

Operating cash flow$27.2M-1.5%

CapEx$762.0K-71.4%

Free cash flow$26.7M-1.1%

Market cap$3.51B-3.5%

Net margin-26.9%+84.4pp

FCF margin11.8%—

Return on equity-88.8%-97.7pp

Debt / equity2.5×+1.7×

Reported directly by StepStone Group Inc. in its filing.

Tagged under the XBRL concept step:EquityMethodInvestmentCarriedInterestAllocationsMaximumAmountSubjectToContingentRepayment.

The official record: StepStone Group Inc.’s 10-Q, filed February 5, 2026, on SEC EDGAR. View the filing →

What is StepStone Group Inc.'s carried interest, contingent repayment obligations?: StepStone Group Inc. (STEP) reported carried interest, contingent repayment obligations of $419.6M in Q4 2025.
How has StepStone Group Inc.'s carried interest, contingent repayment obligations changed year-over-year?: StepStone Group Inc.'s carried interest, contingent repayment obligations increased by 32.3% year-over-year, from $317.2M to $419.6M.