NASDAQ$STEP
StepStone Group LP · Q3 2025 earnings
Q3 2025 earnings · · After market close · Investor relations
Briefing
StepStone Group Inc. reported its third quarter fiscal year 2025 results, showing significant growth in revenues and key financial metrics.
StepStone Group Inc. reported a substantial increase in total revenues for the third quarter of fiscal year 2025, reaching $339,023,000, up from a loss in the previous year. Despite this, the company reported a net loss of $287,163,000 for the quarter. Key business drivers like AUM and FEAUM also saw significant growth.
- Total revenues for Q3 FY25 were $339,023,000, a significant turnaround from a loss of $14,612,000 in Q3 FY24.
- The company reported a net loss of $287,163,000 for the quarter, compared to a net income of $85,278,000 in the same period last year.
- Adjusted Net Income (ANI) for the quarter was $52,659,000, showing a 25% increase compared to the previous year.
- Assets Under Management (AUM) increased by 20% to $179,212,000,000, and Fee-Earning AUM (FEAUM) grew by 28% to $114,166,000,000.
Headline financials
Revenue & EPS history
StepStone · Revenue · Quarterly
$339M
Revenue by segment
StepStone · $260M total across 4 segments · Q4 2026
- Focused commingled funds$161M—61.8%
- Separately managed accounts$76.3M—29.3%
- Advisory and other services$20M—7.7%
- Fund reimbursement revenues$3.18M—1.2%
Forward guidance
The company's forward-looking statements indicate a focus on continued business execution, favorable private markets fundraising, and successful integration of acquisitions, while acknowledging inherent uncertainties and market conditions.
Tailwinds
- Successful execution of business and growth strategies.
- Favorable private markets fundraising environment.
- Successful integration of acquired businesses.
- Continued focus on providing customized investment solutions and advisory services.
- Commitment to achieving future plans, estimates, or expectations.
Headwinds
- Global and domestic market and business conditions pose risks.
- Regulatory factors relevant to the business can impact results.
- Uncertainties inherent in forward-looking statements.
- Future plans, estimates, or expectations may not be achieved.
- Results could differ materially from forward-looking statements due to various risks and assumptions.
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 Q3 2025
+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
| Quarter | Report date | Reaction (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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