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StepStone Group Inc. STEP Legacy carried interest allocation, SMAs — Total carried interest allocations

Other product segments

Carried interest allocation, focused commingled funds
$93.21M+420%
Carried interest allocations, SMAs
-$20.66M-122%
Legacy gross carried interest allocation, focused comingled funds
$600K-87.8%

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HOGInterest income — Financial services
$60.52M-71.8%

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:RevenueNotFromContractWithCustomer.

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
Legacy Greenspring Carried Interest AllocationsThree Months Ended June 30, 2026Three Months Ended June 30, 2025
SMAs$35$98
Focused commingled funds37,13639,539
Total legacy Greenspring carried interest allocations(1)$37,171$39,637

Item 1. Financial Statements

FAQ

What is StepStone Group Inc.'s legacy carried interest allocation, smas — total carried interest allocations?
StepStone Group Inc. (STEP) reported legacy carried interest allocation, smas — total carried interest allocations of $35K in Q2 2026.
How has StepStone Group Inc.'s legacy carried interest allocation, smas — total carried interest allocations changed year-over-year?
StepStone Group Inc.'s legacy carried interest allocation, smas — total carried interest allocations decreased by 64.3% year-over-year, from $98K to $35K.
What does legacy carried interest allocation, smas — total carried interest allocations mean?
This metric represents the total amount of carried interest allocated to the firm from legacy separately managed account (SMA) investment vehicles. It reflects the performance-based compensation earned by the firm as a general partner or investment manager on historical private market assets. Monitoring this figure helps investors assess the realization of performance fees from older investment vintages within customized client portfolios.

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