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Side-by-side financial comparison of StepStone Group Inc. (STEP) and Verisign (VRSN). Click either name above to swap in a different company.
StepStone Group Inc. is the larger business by last-quarter revenue ($586.5M vs $425.3M, roughly 1.4× Verisign). Verisign runs the higher net margin — 48.5% vs -21.0%, a 69.5% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs 7.6%). Verisign produced more free cash flow last quarter ($285.1M vs $26.7M). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% CAGR vs 5.2%).
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.
Verisign, Inc. is an American company based in Reston, Virginia, that operates a diverse array of network infrastructure, including two of the Internet's thirteen root nameservers, the authoritative registry for the .com, .net, and .name generic top-level domains and the .cc country-code top-level domains, and the back-end systems for the .jobs and .edu sponsored top-level domains.
STEP vs VRSN — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $586.5M | $425.3M |
| Net Profit | $-123.5M | $206.2M |
| Gross Margin | — | 88.5% |
| Operating Margin | -33.2% | 67.0% |
| Net Margin | -21.0% | 48.5% |
| Revenue YoY | 73.0% | 7.6% |
| Net Profit YoY | 35.7% | 7.7% |
| EPS (diluted) | $-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 | $586.5M | $425.3M | ||
| Q3 25 | $454.2M | $419.1M | ||
| Q2 25 | $364.3M | $409.9M | ||
| Q1 25 | $377.7M | $402.3M | ||
| Q4 24 | $339.0M | $395.4M | ||
| Q3 24 | $271.7M | $390.6M | ||
| Q2 24 | $186.4M | $387.1M | ||
| Q1 24 | $356.8M | $384.3M |
| Q4 25 | $-123.5M | $206.2M | ||
| Q3 25 | $-366.1M | $212.8M | ||
| Q2 25 | $-38.4M | $207.4M | ||
| Q1 25 | $-18.5M | $199.3M | ||
| Q4 24 | $-192.0M | $191.5M | ||
| Q3 24 | $17.6M | $201.3M | ||
| Q2 24 | $13.3M | $198.8M | ||
| Q1 24 | $30.8M | $194.1M |
| Q4 25 | — | 88.5% | ||
| Q3 25 | — | 88.4% | ||
| Q2 25 | — | 88.0% | ||
| Q1 25 | — | 87.7% | ||
| Q4 24 | — | 87.8% | ||
| Q3 24 | — | 88.0% | ||
| Q2 24 | — | 87.8% | ||
| Q1 24 | — | 87.2% |
| Q4 25 | -33.2% | 67.0% | ||
| Q3 25 | -148.8% | 67.8% | ||
| Q2 25 | -5.6% | 68.5% | ||
| Q1 25 | 2.6% | 67.4% | ||
| Q4 24 | -101.7% | 66.7% | ||
| Q3 24 | 21.3% | 68.9% | ||
| Q2 24 | 29.4% | 68.8% | ||
| Q1 24 | 26.5% | 67.4% |
| Q4 25 | -21.0% | 48.5% | ||
| Q3 25 | -80.6% | 50.8% | ||
| Q2 25 | -10.5% | 50.6% | ||
| Q1 25 | -4.9% | 49.5% | ||
| Q4 24 | -56.6% | 48.4% | ||
| Q3 24 | 6.5% | 51.5% | ||
| Q2 24 | 7.2% | 51.4% | ||
| Q1 24 | 8.6% | 50.5% |
| Q4 25 | $-1.55 | — | ||
| Q3 25 | $-4.66 | — | ||
| Q2 25 | $-0.49 | — | ||
| Q1 25 | $-0.37 | — | ||
| Q4 24 | $-2.61 | — | ||
| Q3 24 | $0.26 | — | ||
| Q2 24 | $0.20 | — | ||
| Q1 24 | $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 | — | $580.5M |
| Total DebtLower is stronger | $270.2M | — |
| Stockholders' EquityBook value | $-378.8M | $-2.2B |
| Total Assets | $5.2B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $580.5M | ||
| Q3 25 | — | $617.7M | ||
| Q2 25 | — | $593.8M | ||
| Q1 25 | — | $648.5M | ||
| Q4 24 | — | $599.9M | ||
| Q3 24 | — | $644.9M | ||
| Q2 24 | — | $689.9M | ||
| Q1 24 | — | $924.7M |
| 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 | $-378.8M | $-2.2B | ||
| Q3 25 | $-233.5M | $-2.1B | ||
| Q2 25 | $153.9M | $-2.0B | ||
| Q1 25 | $179.4M | $-2.0B | ||
| Q4 24 | $209.8M | $-2.0B | ||
| Q3 24 | $397.5M | $-1.9B | ||
| Q2 24 | $366.9M | $-1.8B | ||
| Q1 24 | $324.5M | $-1.6B |
| Q4 25 | $5.2B | $1.3B | ||
| Q3 25 | $5.3B | $1.4B | ||
| Q2 25 | $4.8B | $1.4B | ||
| Q1 25 | $4.6B | $1.4B | ||
| Q4 24 | $4.3B | $1.4B | ||
| Q3 24 | $4.0B | $1.5B | ||
| Q2 24 | $3.8B | $1.5B | ||
| Q1 24 | $3.8B | $1.7B |
| 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 | $27.2M | $289.6M |
| Free Cash FlowOCF − Capex | $26.7M | $285.1M |
| FCF MarginFCF / Revenue | 4.6% | 67.0% |
| Capex IntensityCapex / Revenue | 0.1% | 1.1% |
| Cash ConversionOCF / Net Profit | — | 1.40× |
| TTM Free Cash FlowTrailing 4 quarters | $18.6M | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.2M | $289.6M | ||
| Q3 25 | $16.2M | $307.7M | ||
| Q2 25 | $46.3M | $202.5M | ||
| Q1 25 | $-66.5M | $291.3M | ||
| Q4 24 | $27.6M | $231.5M | ||
| Q3 24 | $53.7M | $253.4M | ||
| Q2 24 | $50.2M | $160.4M | ||
| Q1 24 | $7.6M | $257.3M |
| Q4 25 | $26.7M | $285.1M | ||
| Q3 25 | $15.9M | $303.0M | ||
| Q2 25 | $45.2M | $194.7M | ||
| Q1 25 | $-69.2M | $285.5M | ||
| Q4 24 | $27.0M | $222.0M | ||
| Q3 24 | $52.4M | $247.8M | ||
| Q2 24 | $49.6M | $151.2M | ||
| Q1 24 | $6.7M | $253.5M |
| Q4 25 | 4.6% | 67.0% | ||
| Q3 25 | 3.5% | 72.3% | ||
| Q2 25 | 12.4% | 47.5% | ||
| Q1 25 | -18.3% | 71.0% | ||
| Q4 24 | 8.0% | 56.1% | ||
| Q3 24 | 19.3% | 63.4% | ||
| Q2 24 | 26.6% | 39.1% | ||
| Q1 24 | 1.9% | 66.0% |
| Q4 25 | 0.1% | 1.1% | ||
| Q3 25 | 0.1% | 1.1% | ||
| Q2 25 | 0.3% | 1.9% | ||
| Q1 25 | 0.7% | 1.4% | ||
| Q4 24 | 0.2% | 2.4% | ||
| Q3 24 | 0.5% | 1.4% | ||
| Q2 24 | 0.3% | 2.4% | ||
| Q1 24 | 0.3% | 1.0% |
| Q4 25 | — | 1.40× | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.46× | ||
| Q4 24 | — | 1.21× | ||
| Q3 24 | 3.05× | 1.26× | ||
| Q2 24 | 3.76× | 0.81× | ||
| Q1 24 | 0.25× | 1.33× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
VRSN
Segment breakdown not available.
