# StepStone Group Inc. (STEP)

**Exchange:** NASDAQ  
**Sector:** Financial Services  
**Market cap:** $3.35B  
**Price:** $42.35 (-1.60%)

> StepStone Group Inc. is a global private markets investment firm specializing in customized investment solutions, advisory, and data services for institutional and private wealth clients. It serves major pension funds, sovereign wealth funds, insurance companies, endowments, foundations, family offices, and high-net-worth individuals by developing tailored private markets portfolios across private equity, infrastructure, private debt, and real estate asset classes. The firm employs synergistic strategies including primary fund commitments, secondary market acquisitions, and direct co-investments with third-party managers, delivered through separately managed accounts, focused commingled funds, and advisory services. StepStone Group Inc. leverages proprietary platforms like SPI for research, performance monitoring, portfolio analytics, cash flow forecasting, and reporting to enhance client insights and operational efficiency. With a global presence in 27 cities across 16 countries, it combines local expertise with multi-asset class scale, reviewing thousands of opportunities annually to allocate capital effectively. Founded in 2007 and headquartered in New York, New York, StepStone Group Inc. plays a pivotal role in navigating the complexities of private markets for sophisticated investors.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $1.99B | $906M | -$1.02B | -$743M | $-6.78 |
| 2025 | $1.17B | $580M | -$267M | -$173M | $-2.52 |
| 2024 | $712M | $381M | $172M | $168M | $0.91 |
| 2023 | -$68M | $172M | -$497,000 | -$45M | $-0.30 |
| 2022 | $1.37B | $577M | $452M | $484M | $3.84 |
| 2021 | $788M | $385M | $328M | $315M | $2.06 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2026 | $6.76B | $5.88B | $886M | $1.12B | $1.21B |
| 2025 | $4.59B | $2.81B | $1.77B | $289M | $114M |
| 2024 | $3.79B | $1.92B | $1.87B | $182M | $120M |
| 2023 | $3.50B | $1.84B | $1.65B | $129M | $121M |
| 2022 | $4.19B | $2.36B | $1.82B | $116M | $71M |
| 2021 | $1.32B | $661M | $660M | $180M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2026 | $124M | -$3M | $64M |
| 2025 | $112M | -$5M | $60M |
| 2024 | $170M | -$20M | $142M |
| 2023 | $150M | -$6M | $146M |
| 2022 | $218M | -$2M | $212M |
| 2021 | $137M | -$1M | $148M |

Source: [CompaniesByCap](https://companiesbycap.com/company/STEP)