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Dec 31, 2023
StepStone Q3 2024 Earnings Report
Reported third quarter fiscal year 2024 results.
Key Takeaways
StepStone Group reported mixed results for Q3 2024, with a GAAP net loss of $23.4 million, but adjusted net income (ANI) of $42.1 million. AUM increased to $149 billion, while AUA reached $510.5 billion.
Management and advisory fees, net, increased by 18% year-over-year to $151.5 million.
Total revenues decreased significantly due to a large negative swing in total performance fees.
Adjusted Net Income (ANI) increased 35% year-over-year to $42.1 million, or $0.37 per share.
Assets Under Management (AUM) grew to $149 billion, and Assets Under Advisement (AUA) reached $510.5 billion.
StepStone
StepStone
StepStone Revenue by Segment
Revenue by Segment
Focused commingled funds Revenue
CapyFin.comSeparately managed accounts Revenue
CapyFin.comAdvisory and other services Revenue
CapyFin.comFund reimbursement revenues Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income