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StepStone Group Inc. STEP Realized — Total revenues

Other product segments

Focused commingled funds
$170.84M+44.0%
SMAs
$75.28M+7.0%
Advisory and other services
$19.45M-2.4%
Income-based incentive fees
$7M+59.1%
Fund reimbursement revenues
$3.6M+64.7%

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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:Revenues.

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
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025
Performance fees:
Incentive fees190
Carried interest allocations:
Realized28,57224,404
Unrealized43,97588,883
Total carried interest allocations72,547113,287
Legacy Greenspring carried interest allocations(1)37,17139,637
Total performance fees109,718153,114

Item 1. Financial Statements

FAQ

What is StepStone Group Inc.'s realized — total revenues?
StepStone Group Inc. (STEP) reported realized — total revenues of $28.57M in Q2 2026.
How has StepStone Group Inc.'s realized — total revenues changed year-over-year?
StepStone Group Inc.'s realized — total revenues increased by 17.1% year-over-year, from $24.4M to $28.57M.
What is the long-term trend for StepStone Group Inc.'s realized — total revenues?
Over 4 years (2022 to 2026), StepStone Group Inc.'s realized — total revenues has grown at a -4.3% compound annual growth rate (CAGR), from $200.72M to $168.58M.
What does realized — total revenues mean?
This metric represents the total revenue recognized by the firm from its realized investment activities within private markets. It captures the income generated when investment positions are exited or liquidated, reflecting the successful realization of value for clients and the firm. This figure is a key indicator of the firm's ability to monetize private market assets and generate performance-based returns.

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