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Jun 30, 2023

StepStone Q1 2024 Earnings Report

Reported first quarter fiscal year 2024 results.

Key Takeaways

StepStone Group reported its Q1 fiscal year 2024 results, with total capital responsibility reaching approximately $640 billion, including $143 billion in assets under management.

Management and advisory fees increased by 18% to $138.115 million.

Net income was $49.446 million, or $0.34 per share of Class A common stock.

Assets under management (AUM) reached $142.6 billion, a 4% increase.

Assets under advisement (AUA) increased by 10% to $497.0 billion.

Total Revenue
$153M
Previous year: $190M
-19.7%
EPS
$0.26
Previous year: $0.41
-36.6%
Assets Under Management
$143B
Previous year: $137B
+4.5%
Undeployed FEAUM
$16.9B
Previous year: $17.1B
-1.2%
Gross Profit
$98.6M
Previous year: -$180M
-154.8%
Cash and Equivalents
$91.7M
Previous year: $106M
-13.7%
Free Cash Flow
$49.8M
Previous year: $57.1M
-12.8%
Total Assets
$3.53B
Previous year: $3.91B
-9.6%

StepStone

StepStone

StepStone Revenue by Segment

Forward Guidance

No specific forward guidance was provided in the press release.

Revenue & Expenses

Visualization of income flow from segment revenue to net income