StepStone Group Inc.

StepStone Group Inc.

STEPยทNASDAQ

$43.63

+3.2%
Financial ServicesAsset Management

StepStone Group Inc. is an investment firm specializing in direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, and buyout investments in mature and middle market companies. It prefers to invest in natural resources, technology, healthcare, services, materials, manufacturing, consumer durables, apparel, hotels, restaurants and leisure, media, retailing, consumer staples, financials, telecommunication services, energy, infrastructure, real estate, and real asset. The firm invests globally with a focus on United States, North America, Europe, Asia, Latin America, Middle East, Africa, Brazil, Mexico, Argentina, Colombia, New Zealand, China, India, Korea, Japan, Taiwan, and Australia region. It typically invests between $15 million and $200 million in firms with enterprise value between $150 million and $25000 million. The firm invests between 5% and 40% in emerging markets. For fund of fund investment, it seeks to invest in private equity funds, venture capital funds, Special situation funds, Real estate funds, Infrastructure funds, mezzanine funds, and turnaround/distressed funds. It considers investments in both domestic and international funds. It also seeks to make co-investments and follow-on investments and considers partial interests in funds. StepStone Group Inc. was founded in 2007 and is based in New York, New York with additional offices across North America, South America, Europe, Australia, and Asia.

At a Glance

Live Snapshot
Market Cap$5.50B
EPS-6.8400
P/E Ratio-6.38
Earnings Date08/06/2026
3Y-70.0%
5Y-2.0%
10Y+37.0%
3Y-79.0%
5Y-221.0%
10Y+381.0%
3Y-224.0%
5Y-268.0%
10Y-483.0%
STEP

StepStone Group Inc. Cash Conversion Engine

STEP ยท NASDAQ
Net Income-172.83M
Depreciation & Amortization45.49M
Stock-Based Compensation650.13M
Change in Working Capital-19.81M
Others-363.00M
Capital Expenditures-5.10M
Free Cash Flow59.83M

Cash Flow Quality Analysis

FCF Conversion Rate

-34.6%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

7.9%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-57.8%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$19.81M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

StepStone Group Inc. Cash Flow Statement

STEP โ€ข NASDAQ

StepStone Group Inc. Cash Flow StatementMar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017
OPERATING ACTIVITIES
-172.8M
58.1M
-45.3M
484.3M
314.6M
144.8M
60M
83.8M
40.3M
45.5M
47.6M
47.4M
27M
5.5M
7.1M
7.9M
4.3M
3M
-75.1M
9.2M
-12.7M
6.2M
15.9M
0.0
0.0
0.0
-2.6M
650.1M
74.7M
24.9M
14M
7.9M
1.9M
1.7M
189K
599K
-363M
-46.9M
169.5M
-308.6M
-223.9M
-81.5M
-16.4M
-93.8M
-30.1M
(14.1M)
(14.3M)
(29.5M)
(11.7M)
(3.4M)
(2.8M)
(1.7M)
(1.9M)
(0.0)
-19.8M
18.9M
-32.8M
-8.6M
29.3M
-6.4M
-1.7M
59.1M
36.4M
64.9M
161.5M
151.2M
214.3M
149.3M
65.9M
51.5M
53.6M
47.5M
INVESTING ACTIVITIES
-5.1M
-19.6M
-5.6M
-2.1M
-1.3M
-837K
-3M
-3.4M
-413K
-19.6M
(0.0)
-13.4M
-181.5M
(0.0)
(0.0)
-9M
(0.0)
(0.0)
-58.6M
-113M
-21.6M
-39.6M
-14M
-40.2M
-100.6M
-5.9M
-8.6M
0.0
67.4M
0.0
0.0
0.0
71.3M
46.5M
0.0
0.0
39.8M
17.9M
9.8M
13M
4.1M
5.5M
4.2M
2.7M
0.0
-43.5M
-47.3M
-30.8M
-210.2M
-11.2M
(35.8M)
-61.9M
-6.6M
-9M
FINANCING ACTIVITIES
22.1M
12.5M
0.0
0.0
337.8M
0.0
0.0
0.0
271K
125M
50M
35M
65M
-147M
-1.5M
-1.5M
135.8M
4.2M
-75.8M
-68.5M
-50M
-23.9M
-2M
(0.0)
(0.0)
-88.4M
-23.7M
16.2M
-52M
-93M
-111.6M
-234.1M
-50.7M
-54.2M
-8.8M
-3.6M
87.5M
-58M
-108M
-70.4M
-45.3M
-52.2M
-55.5M
38.8M
-22.8M
CASH FLOW SUMMARY
-1.4M
-3.4M
-287K
-15K
1.1M
-252K
288K
76K
305K
107.5M
52.8M
12.1M
-66.4M
93.9M
49.3M
-65.7M
85.9M
16M
182.3M
129.5M
117.4M
183.9M
89.9M
40.6M
106.3M
20.4M
4.4M
289.8M
182.3M
129.5M
117.4M
183.9M
89.9M
40.6M
106.3M
20.4M
59.8M
141.9M
145.6M
212.2M
148M
65.1M
48.4M
50.2M
47.1M

SEC Filings

STEP - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

June 01, 2026
May 29, 2026
2026
10-K

10-K 2026 FY

FY

May 27, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 20, 2026
May 20, 2026
2026
10-Q

10-Q 2025 Q4

Q4

February 05, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 05, 2026
February 05, 2026
2026
10-Q

10-Q 2025 Q3

Q3

November 06, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

November 06, 2025
November 06, 2025
2025
8-K

8-K 2025

N/A

September 19, 2025
September 18, 2025
2025
8-K

8-K 2025

N/A

September 11, 2025
September 09, 2025
2025
8-K

8-K 2025

N/A

August 07, 2025
August 07, 2025
2025
Showing 1 to 10 of 80 filings