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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.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
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