Stepstone Group, Inc. ( (STEP) ) has released its Q3 earnings. Here is a breakdown of the information Stepstone Group, Inc. presented to its investors.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
StepStone Group Inc. is a global private markets investment firm known for offering tailored investment solutions, advisory, and data services across private equity, infrastructure, private debt, and real estate asset classes. The company announced its third-quarter fiscal year 2025 results, highlighting significant changes in its financial performance and strategic initiatives.
Key takeaways from the earnings report include a notable increase in management and advisory fees, reaching $190.8 million, and a total revenue of $339 million, marking a significant turnaround from a negative revenue in the previous year. Despite a substantial net loss of $287.2 million, the company reported an increase in assets under management to $179.2 billion, reflecting a 20% year-over-year growth. The company also declared a quarterly cash dividend of $0.24 per share of Class A common stock.
StepStone’s non-GAAP financial measures showed positive trends, with adjusted revenues increasing by 32% to $243.9 million and fee-related earnings seeing a 46% rise. The fee-related earnings margin remained stable at 39%, indicating efficiency in managing operational costs relative to revenue. Additionally, the adjusted net income per share increased by 19% to $0.44, demonstrating resilience and potential profitability under adjusted metrics.
Looking forward, StepStone Group remains focused on executing its growth strategies, with management optimistic about the private markets fundraising environment and the integration of acquired businesses. The company continues to monitor market conditions and adjust its strategies to maintain its position as a leader in providing investment solutions and advisory services globally.
