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StepStone Group (STEP)
NASDAQ:STEP
Earnings Data
Report Date
May 22, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
0.46Last Year’s EPS
0.33Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: -8.40%
|Next Earnings Date:May 22, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant growth in fee-related earnings and assets under management, successful fundraising efforts, and notable achievements in venture capital. However, these were tempered by a GAAP net loss and increased non-controlling interests.Company Guidance
During the fiscal third quarter of 2025, StepStone Group reported a GAAP net loss of $287 million, with a GAAP net loss attributable to the company of $190 million or $2.61 per share. However, the company achieved a record fee-related earnings (FRE) of $74.1 million, marking a 46% increase from the previous year, alongside an FRE margin of 39%. Fee-earning assets under management (AUM) grew by nearly $10 billion, reaching over $114 billion, representing a 28% year-over-year increase. Retroactive fees contributed $9.7 million to revenue, compared to $8.6 million in the same quarter of the last fiscal year. StepStone earned $52.7 million in adjusted net income, or $0.44 per share, up from $42.1 million or $0.37 per share the previous year. The quarter was characterized by significant capital deployment, with over $2 billion of capital deployed and over $6.5 billion activated. The private wealth platform surpassed $6 billion, with over $1 billion in new subscriptions, marking its strongest growth quarter ever.Record Fee-Related Earnings and Asset Growth
Fee-related earnings reached $74 million, the highest level ever, and fee-earning assets under management increased by nearly $10 billion, marking the strongest quarter of organic growth in StepStone's history.
Significant Fundraising Achievements
Closed on inaugural infrastructure co-investment fund with a total size of $1.2 billion and grew the private wealth platform to over $6 billion, raising over $1 billion in new subscriptions.
High Fee-Related Earnings Margin
Fee-related earnings margin reached 39% for the quarter, marking the best quarterly and twelve-month core margin levels on record.
Venture Capital Business Success
Venture capital team exceeded revenue targets, doubling venture capital fee-earning AUM since the acquisition of GreenSpring.
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STEP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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STEP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $63.96 | $64.48 | +0.81% |
| Nov 07, 2024 | $64.61 | $67.78 | +4.91% |
| Aug 08, 2024 | $46.02 | $49.56 | +7.69% |
| May 23, 2024 | $37.26 | $41.03 | +10.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does StepStone Group (STEP) report earnings?
StepStone Group (STEP) is schdueled to report earning on May 22, 2025, TBA Not Confirmed.
What is StepStone Group (STEP) earnings time?
StepStone Group (STEP) earnings time is at May 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STEP EPS forecast?
STEP EPS forecast for the fiscal quarter 2025 (Q4) is 0.46.
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