NASDAQ$STEP
StepStone Group LP · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
StepStone Group reported Q4 2025, revenue of $377.7M, net income of $13.2M, diluted EPS of $-0.24.
For Q4 2025, StepStone Group reported revenue of $377.7M, net income of $13.2M, diluted EPS was $-0.24. Management discusses operating trends, capital, and sector risks in the quarterly filing.
- Q4 2025 revenue $377.7M.
- Net income $13.2M.
- Diluted EPS $-0.24.
Headline financials
Revenue & EPS history
StepStone · Revenue · Quarterly
$378M
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
Professional services and alt-asset firms cite backlog, fee-related earnings, and capital returns; BAH issued explicit FY26 revenue and adjusted EPS ranges in its earnings release.
Tailwinds
- Backlog and fee-related earnings support revenue visibility.
- Government and enterprise demand for analytics and AI.
- Dividends and buybacks where cash generation allows.
Headwinds
- Contract timing and federal budget dynamics.
- Competition for talent and utilization rates.
- Market volatility affecting performance fees.
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 Q4 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 | — | — | — |
Discussion
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