Stepstone Group, Inc. ( (STEP) ) has released its Q1 earnings. Here is a breakdown of the information Stepstone Group, Inc. presented to its investors.
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StepStone Group Inc. is a global private markets investment firm that specializes in providing customized investment solutions, advisory, and data services across various asset classes, including private equity, infrastructure, private debt, and real estate. The firm caters to a diverse clientele, including pension funds, sovereign wealth funds, insurance companies, and private wealth clients.
In its latest earnings report for the first quarter of fiscal year 2026, StepStone Group announced a quarterly cash dividend of $0.28 per share of Class A common stock. The company reported total revenues of $364.3 million, marking a significant 95% increase compared to the same quarter last year. However, the company faced a net loss of $12 million, a notable decline from the net income of $48 million reported in the previous year.
Key financial metrics revealed a 19% increase in management and advisory fees, reaching $211.2 million. The assets under management (AUM) grew by 18% year-over-year, amounting to $199.3 billion. Despite the growth in revenue and AUM, the company experienced a decrease in adjusted net income by 15%, totaling $48.5 million, and a decline in fee-related earnings margin to 38% from 44% in the previous quarter.
Looking ahead, StepStone Group remains focused on expanding its assets under management and continuing to provide tailored investment solutions to its clients. The management’s strategic outlook suggests a commitment to navigating the challenges in the private markets and leveraging growth opportunities to enhance shareholder value.