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StepStone Group Inc. STEP Number of separately managed accounts greater than or equal to 10% of incentive fees

Number of separately managed accounts greater than or equal to 10% of incentive fees at other companies

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$51.7M+19.4%
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Federated HermesFHI
$6.1M-12.9%
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$108.2M-30.6%
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$11.82M+19.3%
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The Carlyle GroupCG
$596M+0.3%

Other financials

Income statement

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Revenue$588.6M+55.8%
Net income-$7.8M+57.9%
EPS (diluted)-$0.06+70.0%

Balance sheet

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Cash & equivalents$378.0M+35.2%
Total debt$103.6M-72.9%
Total equity-$413.6M-331%
Total assets$6.8B+47.4%

Cash flow

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Operating cash flow$27.2M-1.5%
CapEx$762.0K-71.4%
Free cash flow$26.7M-1.1%

Valuation

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Market cap$3.51B-3.5%

Profitability

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Net margin-26.9%+84.4pp
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 step:SeparatelyManagedAccountsGreaterThanOrEqualTo10OfIncentiveFees.

The official record: StepStone Group Inc.’s 10-K, filed May 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is StepStone Group Inc.'s number of separately managed accounts greater than or equal to 10% of incentive fees?
StepStone Group Inc. (STEP) reported number of separately managed accounts greater than or equal to 10% of incentive fees of 500 in Q1 2024.
What does number of separately managed accounts greater than or equal to 10% of incentive fees mean?
The number of separately managed accounts (SMAs) that individually contribute at least 10% of the firm's total incentive fees. This metric assesses the concentration of performance-based revenue within bespoke client accounts. It helps investors evaluate the firm's reliance on a small number of large-scale institutional relationships.