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Sep 30, 2022
StepStone Q2 2023 Earnings Report
StepStone Group's second quarter results for fiscal year 2023 were announced.
Key Takeaways
StepStone Group reported a GAAP net loss of $67.1 million, with a net loss attributable to StepStone Group Inc. of $29.2 million, or $0.48 per share. Adjusted revenues were $150.6 million, and fee-related earnings were $39.0 million.
Declared a dividend of $0.20 per share of Class A common stock, payable on December 15, 2022.
Updating approach to capital management, plan to augment the normal quarterly dividend with a recurring, supplemental, annual dividend funded by excess cash generation that is tied to performance-based earnings.
Raised a total of $11 billion of new SMA capital over the last twelve months.
Total retail platform assets surpassed $1 billion in AUM.
StepStone
StepStone
Forward Guidance
No specific forward guidance was provided in the transcript.