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Dec 31, 2020
StepStone Q3 2021 Earnings Report
Reports third quarter fiscal 2021 results
Key Takeaways
StepStone Group reported strong third quarter fiscal 2021 results, with AUM increasing by 12% to $80.5 billion and fee-earning AUM increasing by 5% to $46.6 billion. The company also saw a 6% increase in management and advisory fee revenue and a 50% increase in adjusted net income.
AUM increased by $8.5 billion (or 12%) in the quarter to $80.5 billion (+30% from prior year)
Fee-Earning AUM increased $2.3 billion (or 5%) in the quarter to $46.6 billion (+18% from prior year)
GAAP revenue was $247.2 million for the quarter and GAAP net income was $107.4 million for the quarter
Adjusted Net Income was $27.0 million (or $0.28 per share) for the quarter, up 50% year-to-year
StepStone
StepStone
StepStone Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income