STEP Earnings Prediction
The chart below shows how STEP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, STEP sees a -4.11% change in stock price 10 days leading up to the earnings, and a +3.72% change 10 days following the report. On the earnings day itself, the stock moves by +0.12%. This data can give you a slight idea of what to expect for the next quarter's release.
STEP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
264.94M
925.18%
11.69%
Gross Margin
--
--
--
Operating Margin
-135.13%
-669.45%
-704.34%
Net Margin
-108.39%
-522.90%
-583.88%
EPS
-2.61
-715.62%
-1144.00%
No Data Available
STEP Earnings Analysis
StepStone Group Inc Corporation (STEP.O) Earnings Conference Call
Positive
Fee-Related Earnings Surge: Generated fee-related earnings of $74.1 million, up 46% from the prior year quarter, with a FRE margin of 39%.
Record AUM Growth: Increased fee-earning assets under management by nearly $10 billion, marking the strongest quarter of organic growth in StepStone’s history, totaling over $114 billion in fee-earning AUM, up 28% year-over-year.
Management Fee Growth: Achieved $192 million in management and advisory fees, a 26% increase year-over-year, driven by strong growth in fee-earning AUM and a higher blended average fee rate.
Record Growth in Private Wealth: Private wealth platform grew to over $6 billion, raising over $1 billion in new subscriptions, marking the best growth quarter ever for private wealth.
AUM Inflows Breakdown: Generated over $27 billion of gross AUM inflows in the last twelve months, with $18 billion from separately managed accounts and over $9 billion from focused commingled funds.
Negative
Q3 Net Loss Impact: StepStone Group Inc. reported a GAAP net loss of $287 million for Q3 2025, significantly impacting overall financial performance.
Earnings Missed Expectations: The company missed earnings expectations with an EPS of $0.44, falling short of the anticipated $0.47.
Cash Compensation Increase: Cash-based compensation increased to $86 million, up 4% from the previous quarter, indicating rising operational costs.
Rising Administrative Expenses: General and administrative expenses rose to $30 million, up approximately $2 million sequentially, contributing to higher operational overhead.
Net Loss from Buy-In: The GAAP accounting treatment related to the potential buy-in of StepStone Private Wealth's profits interest resulted in a substantial net loss this quarter.
STEP FAQs
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STEP Earning Call Sentiment
StepStone Group Inc. (NASDAQ:STEP) Q3 2025 Earnings Call Transcript
STEP.O
6.46%Positive
The earnings call reflects strong fee-related earnings growth, increased management and advisory fees, and a positive outlook for future performance fees. Despite a GAAP net loss, adjusted net income has improved. The Q&A section indicates active market participation and strategic asset deployment. The shareholder return plan includes potential buybacks, which is favorable. Although there are some uncertainties regarding future fundraising, overall financial health and strategic initiatives suggest a positive sentiment. Given the company's market cap, the stock is likely to react positively, potentially within the 2% to 8% range.
