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StepStone Group Inc. STEP Realized — Total revenues

Other product segments

Focused commingled funds
$160.45M+29.9%
SMAs
$76.34M+12.8%
Advisory and other services
$20M+0.4%
Income Based Incentive Fees
$7.1M+109%
Fund reimbursement revenues
$3.08M+37.1%

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$22.31M+3,495%
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BXReal Estate — Performance Revenue Realized
$42.07M+121%
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BXReal Estate — Realized Income Net
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ARESReal Assets Group — Performance income—realized
$11.66M-82.1%

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 us-gaap:Revenues.

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 realized — total revenues?
StepStone Group Inc. (STEP) reported realized — total revenues of $38.6M in Q1 2026.
How has StepStone Group Inc.'s realized — total revenues changed year-over-year?
StepStone Group Inc.'s realized — total revenues decreased by 49.2% year-over-year, from $75.94M to $38.6M.
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.