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StepStone Group Inc. STEP Reclassification and adjustment of non-controlling interests in subsidiaries to redeemable equity at redemption value

Reclassification and adjustment of non-controlling interests in subsidiaries to redeemable equity at redemption value at other companies

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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:ReclassificationsOfPermanentEquityToTemporaryEquityAndAdjustmentToRedemptionValue.

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 reclassification and adjustment of non-controlling interests in subsidiaries to redeemable equity at redemption value?
StepStone Group Inc. (STEP) reported reclassification and adjustment of non-controlling interests in subsidiaries to redeemable equity at redemption value of $0 in Q1 2026.
What does reclassification and adjustment of non-controlling interests in subsidiaries to redeemable equity at redemption value mean?
Represents the movement of equity from permanent capital to redeemable or temporary equity categories, often due to specific redemption rights or contractual obligations. This metric signals potential future liquidity requirements if these interests are redeemed by holders. It serves as a risk indicator regarding the stability of the company's capital base.