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Jun 30, 2024

StepStone Q1 2025 Earnings Report

Reported results for the first quarter of the fiscal year ending March 31, 2025.

Key Takeaways

StepStone Group reported strong Q1 2025 results with a 29% increase in adjusted management and advisory fees and a 45% increase in adjusted revenues.

Adjusted management and advisory fees increased by 29% compared to FQ1 2024.

Adjusted revenues increased by 45% compared to FQ1 2024.

Fee-related earnings increased by 61% compared to FQ1 2024.

Assets under management reached $169.3 billion, a 19% increase compared to FQ1 2024.

Total Revenue
$188M
Previous year: $153M
+22.7%
EPS
$0.48
Previous year: $0.26
+84.6%
Assets Under Management
$169B
Previous year: $143B
+18.7%
Fee-Earning AUM
$100B
Undeployed FEAUM
$27.6B
Previous year: $16.9B
+63.3%
Gross Profit
$176M
Previous year: $98.6M
+78.7%
Cash and Equivalents
$142M
Previous year: $91.7M
+54.4%
Free Cash Flow
$74.8M
Previous year: $49.8M
+50.2%
Total Assets
$3.83B
Previous year: $3.53B
+8.6%

StepStone

StepStone

StepStone Revenue by Segment

Forward Guidance

No forward guidance was provided in the earnings report.

Revenue & Expenses

Visualization of income flow from segment revenue to net income