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Side-by-side financial comparison of Five9, Inc. (FIVN) and StepStone Group Inc. (STEP). Click either name above to swap in a different company.
StepStone Group Inc. is the larger business by last-quarter revenue ($586.5M vs $300.3M, roughly 2.0× Five9, Inc.). On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs 7.8%). Five9, Inc. produced more free cash flow last quarter ($77.3M vs $26.7M). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% CAGR vs 10.3%).
Five9, Inc. is a leading global provider of cloud-native contact center software and solutions. It serves enterprises of all sizes across retail, healthcare, financial services, and technology sectors, offering omnichannel customer engagement tools, AI-powered automation, workforce management, and analytics to boost customer experience and operational efficiency.
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.
FIVN vs STEP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $300.3M | $586.5M |
| Net Profit | — | $-123.5M |
| Gross Margin | 55.4% | — |
| Operating Margin | 6.6% | -33.2% |
| Net Margin | — | -21.0% |
| Revenue YoY | 7.8% | 73.0% |
| Net Profit YoY | — | 35.7% |
| EPS (diluted) | $0.22 | $-1.55 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $300.3M | $586.5M | ||
| Q3 25 | $285.8M | $454.2M | ||
| Q2 25 | $283.3M | $364.3M | ||
| Q1 25 | $279.7M | $377.7M | ||
| Q4 24 | $278.7M | $339.0M | ||
| Q3 24 | $264.2M | $271.7M | ||
| Q2 24 | $252.1M | $186.4M | ||
| Q1 24 | $247.0M | $356.8M |
| Q4 25 | — | $-123.5M | ||
| Q3 25 | $18.0M | $-366.1M | ||
| Q2 25 | $1.2M | $-38.4M | ||
| Q1 25 | $576.0K | $-18.5M | ||
| Q4 24 | — | $-192.0M | ||
| Q3 24 | $-4.5M | $17.6M | ||
| Q2 24 | $-12.8M | $13.3M | ||
| Q1 24 | $-7.1M | $30.8M |
| Q4 25 | 55.4% | — | ||
| Q3 25 | 55.0% | — | ||
| Q2 25 | 54.9% | — | ||
| Q1 25 | 55.0% | — | ||
| Q4 24 | 56.0% | — | ||
| Q3 24 | 53.8% | — | ||
| Q2 24 | 53.0% | — | ||
| Q1 24 | 53.6% | — |
| Q4 25 | 6.6% | -33.2% | ||
| Q3 25 | 5.6% | -148.8% | ||
| Q2 25 | -0.6% | -5.6% | ||
| Q1 25 | -1.9% | 2.6% | ||
| Q4 24 | 1.5% | -101.7% | ||
| Q3 24 | -5.8% | 21.3% | ||
| Q2 24 | -7.7% | 29.4% | ||
| Q1 24 | -8.4% | 26.5% |
| Q4 25 | — | -21.0% | ||
| Q3 25 | 6.3% | -80.6% | ||
| Q2 25 | 0.4% | -10.5% | ||
| Q1 25 | 0.2% | -4.9% | ||
| Q4 24 | — | -56.6% | ||
| Q3 24 | -1.7% | 6.5% | ||
| Q2 24 | -5.1% | 7.2% | ||
| Q1 24 | -2.9% | 8.6% |
| Q4 25 | $0.22 | $-1.55 | ||
| Q3 25 | $0.21 | $-4.66 | ||
| Q2 25 | $0.01 | $-0.49 | ||
| Q1 25 | $0.01 | $-0.37 | ||
| Q4 24 | $0.16 | $-2.61 | ||
| Q3 24 | $-0.06 | $0.26 | ||
| Q2 24 | $-0.17 | $0.20 | ||
| Q1 24 | $-0.10 | $0.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $232.1M | — |
| Total DebtLower is stronger | — | $270.2M |
| Stockholders' EquityBook value | $785.8M | $-378.8M |
| Total Assets | $1.8B | $5.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $232.1M | — | ||
| Q3 25 | $193.4M | — | ||
| Q2 25 | $205.5M | — | ||
| Q1 25 | $370.3M | — | ||
| Q4 24 | $362.5M | — | ||
| Q3 24 | $291.0M | — | ||
| Q2 24 | $175.7M | — | ||
| Q1 24 | $240.2M | — |
| Q4 25 | — | $270.2M | ||
| Q3 25 | — | $269.9M | ||
| Q2 25 | — | $269.6M | ||
| Q1 25 | — | $269.3M | ||
| Q4 24 | — | $168.9M | ||
| Q3 24 | — | $172.3M | ||
| Q2 24 | — | $172.1M | ||
| Q1 24 | — | $148.8M |
| Q4 25 | $785.8M | $-378.8M | ||
| Q3 25 | $775.3M | $-233.5M | ||
| Q2 25 | $717.4M | $153.9M | ||
| Q1 25 | $664.3M | $179.4M | ||
| Q4 24 | $622.2M | $209.8M | ||
| Q3 24 | $565.6M | $397.5M | ||
| Q2 24 | $525.9M | $366.9M | ||
| Q1 24 | $483.6M | $324.5M |
| Q4 25 | $1.8B | $5.2B | ||
| Q3 25 | $1.8B | $5.3B | ||
| Q2 25 | $1.7B | $4.8B | ||
| Q1 25 | $2.1B | $4.6B | ||
| Q4 24 | $2.1B | $4.3B | ||
| Q3 24 | $2.0B | $4.0B | ||
| Q2 24 | $1.9B | $3.8B | ||
| Q1 24 | $1.9B | $3.8B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | 1.50× | ||
| Q4 24 | — | 0.81× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.46× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $83.6M | $27.2M |
| Free Cash FlowOCF − Capex | $77.3M | $26.7M |
| FCF MarginFCF / Revenue | 25.8% | 4.6% |
| Capex IntensityCapex / Revenue | 2.1% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $201.2M | $18.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $83.6M | $27.2M | ||
| Q3 25 | $59.2M | $16.2M | ||
| Q2 25 | $35.1M | $46.3M | ||
| Q1 25 | $48.4M | $-66.5M | ||
| Q4 24 | $49.8M | $27.6M | ||
| Q3 24 | $41.1M | $53.7M | ||
| Q2 24 | $19.9M | $50.2M | ||
| Q1 24 | $32.4M | $7.6M |
| Q4 25 | $77.3M | $26.7M | ||
| Q3 25 | $48.7M | $15.9M | ||
| Q2 25 | $31.6M | $45.2M | ||
| Q1 25 | $43.7M | $-69.2M | ||
| Q4 24 | $40.5M | $27.0M | ||
| Q3 24 | $26.7M | $52.4M | ||
| Q2 24 | $13.1M | $49.6M | ||
| Q1 24 | $20.4M | $6.7M |
| Q4 25 | 25.8% | 4.6% | ||
| Q3 25 | 17.0% | 3.5% | ||
| Q2 25 | 11.1% | 12.4% | ||
| Q1 25 | 15.6% | -18.3% | ||
| Q4 24 | 14.5% | 8.0% | ||
| Q3 24 | 10.1% | 19.3% | ||
| Q2 24 | 5.2% | 26.6% | ||
| Q1 24 | 8.3% | 1.9% |
| Q4 25 | 2.1% | 0.1% | ||
| Q3 25 | 3.7% | 0.1% | ||
| Q2 25 | 1.2% | 0.3% | ||
| Q1 25 | 1.7% | 0.7% | ||
| Q4 24 | 3.3% | 0.2% | ||
| Q3 24 | 5.4% | 0.5% | ||
| Q2 24 | 2.7% | 0.3% | ||
| Q1 24 | 4.8% | 0.3% |
| Q4 25 | — | — | ||
| Q3 25 | 3.29× | — | ||
| Q2 25 | 30.38× | — | ||
| Q1 25 | 84.00× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.05× | ||
| Q2 24 | — | 3.76× | ||
| Q1 24 | — | 0.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FIVN
Segment breakdown not available.
STEP
| Other | $210.1M | 36% |
| Management And Advisory Fees Net Focused Commingled Funds | $143.3M | 24% |
| Carried Interest Allocation Focused Commingled Funds | $85.1M | 15% |
| Carried Interest Allocation Separately Managed Accounts | $63.6M | 11% |
| Carried Interest Allocation Realized | $46.7M | 8% |
| Management And Advisory Fees Net Advisory And Other Services | $18.3M | 3% |
| Legacy Carried Interest Allocation Focused Commingled Funds | $10.3M | 2% |
| Income Based Incentive Fees | $6.0M | 1% |
| Management And Advisory Fees Net Fund Reimbursement Revenues | $3.1M | 1% |
