NASDAQ$STEP

StepStone Group LP · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported second quarter fiscal year 2024 results.

StepStone Group reported results for the quarter ended September 30, 2023. StepStone was responsible for approximately $659 billion of total capital, including $146 billion of assets under management.

  • Declared a quarterly cash dividend of $0.21 per share of Class A common stock.
  • Total capital responsibility reached $659 billion.
  • Assets Under Management reached $146 billion.
  • Assets Under Advisement reached $513 billion.

Headline financials

Total Revenue

$191M

Previous: -$158M+220.8%
EPS (adj)

$0.26

Previous: $0.33-21.2%
Fee-earning AUM

$87.3B

No prior period
Assets under management

$146B

Previous: $135B+8.0%
Capital Expenditures

-$14.6M

Previous: -$2.1M-597.1%
Free Cash Flow

$114M

Previous: $144M-20.5%
Net Income

$26.2M

Previous: -$29.2M+189.7%
Operating Income

$149M

Previous: -$203M+173.3%
Gross Profit

$191M

Previous: -$158M+220.8%
Cash & Equivalents

$117M

Previous: $144M-18.2%
Total Assets

$3.61B

Previous: $3.58B+0.9%
Stock-Based Comp

$5.92M

Previous: $3.78M+56.4%

Revenue & EPS history

StepStone · Revenue · Quarterly

$191M

Q2 2024-220.8%vs Q2 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

StepStone · $85.9M total across 3 segments · Q2 2024

  • Focused commingled funds
    $70.5M
  • Advisory and other services
    $13.7M
  • Fund reimbursement revenues
    $1.68M

Forward guidance

No specific forward guidance was provided in the press release.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

+2.4%

Avg return

Earnings day

+2.4%

Avg return

5 days after

-2.1%

Avg return

30 days after

74%

17 / 23 earnings

Positive

+11.0%

Q4 2024

Best reaction

-7.0%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+5.4%+1.2%-13.0%
Q3 2026+5.5%+0.2%-22.8%
Q2 2026-1.6%+0.9%+1.0%
Q1 2026+1.8%+8.6%+6.0%
Q4 2025+3.5%+6.3%-6.5%
Q3 2025+0.8%-6.5%-18.3%
Q2 2025+2.9%+2.9%-8.9%
Q1 2025+11.0%+12.4%+16.6%
Q4 2024+11.0%+18.3%+15.9%
Q3 2024+7.5%+2.5%-0.2%
Q2 2024-7.0%-9.3%-12.4%
Q1 2024+4.5%+1.8%+8.9%
Q4 2023-5.1%-2.8%+3.5%
Q3 2023-2.9%-5.0%-22.6%
Q2 2023+1.0%+0.3%+2.6%
Q1 2023-0.5%-2.1%-5.1%
Q4 2022+2.2%-0.2%+2.4%
Q3 2022+4.3%+1.1%-6.7%
Q2 2022+4.7%+11.7%-8.6%
Q1 2022-5.4%-1.8%-1.3%
Q4 2021+4.8%+8.0%+21.7%
Q3 2021+6.0%+4.1%-15.2%
Q2 2021+1.5%+3.6%+14.3%
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020

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