StepStone Group Inc.STEPEarnings & Financial Report
Rosetta Stone Inc. is an American education technology software company that develops language, literacy and brain-fitness software. Best known for its language-learning products, in 2013, the company expanded beyond language into education-technology with its acquisitions of Livemocha, Lexia Learning, Fit Brains, and Tell Me More. In 2021, it became a subsidiary of IXL Learning.
Revenue
$377.7M
Gross Profit
N/A
Operating Profit
$9.9M
Net Profit
$-18.5M
Gross Margin
N/A
Operating Margin
2.6%
Net Margin
-4.9%
YoY Growth
5.9%
EPS
$-0.37
StepStone Group Inc. Q4 FY2025 Financial Summary
StepStone Group Inc. reported revenue of $377.7M (up 5.9% YoY) for Q4 FY2025, with a net profit of $-18.5M (down 160.0% YoY) (-4.9% margin).
Key Financial Metrics
| Total Revenue | $377.7M |
|---|---|
| Net Profit | $-18.5M |
| Gross Margin | N/A |
| Operating Margin | 2.6% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
StepStone Group Inc. Q4 FY2025 revenue of $377.7M breaks down across 8 segments, led by Management And Advisory Fees Net Focused Commingled Funds at $123.5M (32.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Management And Advisory Fees Net Focused Commingled Funds | $123.5M | 32.7% |
| Carried Interest Allocation Realized | $75.9M | 20.1% |
| Management And Advisory Fees Net Separately Managed Accounts | $67.7M | 17.9% |
| Legacy Carried Interest Allocation Focused Commingled Funds | $43.2M | 11.4% |
| Carried Interest Allocation Separately Managed Accounts | $32.5M | 8.6% |
| Management And Advisory Fees Net Advisory And Other Services | $19.9M | 5.3% |
| Legacy Gross Carried Interest Allocation Focused Commingled Funds | $6.3M | 1.7% |
| Management And Advisory Fees Net Fund Reimbursement Revenues | $2.2M | 0.6% |
StepStone Group Inc. Revenue by Segment — Quarterly Trend
StepStone Group Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Management And Advisory Fees Net Focused Commingled Funds and Carried Interest Allocation Realized) has evolved quarter over quarter.
| Segment | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Management And Advisory Fees Net Focused Commingled Funds | $143.3M | — | — | $123.5M |
| Carried Interest Allocation Realized | $46.7M | — | $24.4M | $75.9M |
| Management And Advisory Fees Net Separately Managed Accounts | — | $71.7M | $70.4M | $67.7M |
| Legacy Carried Interest Allocation Focused Commingled Funds | $10.3M | $26.8M | $39.5M | $43.2M |
| Carried Interest Allocation Separately Managed Accounts | $63.6M | — | $95.4M | $32.5M |
StepStone Group Inc. Annual Revenue by Year
StepStone Group Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.2B |
| 2024 | $711.6M |
| 2022 | $1.4B |
StepStone Group Inc. Quarterly Revenue & Net Profit History
StepStone Group Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $586.5M | +73.0% | $-123.5M | -21.0% |
| Q2 FY2026 | $454.2M | +67.2% | $-366.1M | -80.6% |
| Q1 FY2026 | $364.3M | +95.4% | $-38.4M | -10.5% |
| Q4 FY2025 | $377.7M | +5.9% | $-18.5M | -4.9% |
| Q3 FY2025 | $339.0M | +2420.2% | $-192.0M | -56.6% |
| Q2 FY2025 | $271.7M | +41.9% | $17.6M | 6.5% |
| Q1 FY2025 | $186.4M | +4.7% | $13.3M | 7.2% |
| Q4 FY2024 | $356.8M | +107.0% | $30.8M | 8.6% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $356.8M | $186.4M | $271.7M | $339.0M | $377.7M | $364.3M | $454.2M | $586.5M |
| YoY Growth | 107.0% | 4.7% | 41.9% | 2420.2% | 5.9% | 95.4% | 67.2% | 73.0% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.79B | $3.83B | $4.04B | $4.35B | $4.59B | $4.78B | $5.33B | $5.24B |
| Liabilities | $1.92B | $1.89B | $2.04B | $2.61B | $2.81B | $3.08B | $4.11B | $4.72B |
| Equity | $324.5M | $366.9M | $397.5M | $209.8M | $179.4M | $153.9M | $-233.5M | $-378.8M |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $7.6M | $50.2M | $53.7M | $27.6M | $-66.5M | $46.3M | $16.2M | $27.2M |