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Dec 31, 2024
StepStone Q3 2025 Earnings Report
StepStone Group Inc. reported its third quarter fiscal year 2025 results, showing significant growth in revenues and key financial metrics.
Key Takeaways
StepStone Group Inc. reported a substantial increase in total revenues for the third quarter of fiscal year 2025, reaching $339,023,000, up from a loss in the previous year. Despite this, the company reported a net loss of $287,163,000 for the quarter. Key business drivers like AUM and FEAUM also saw significant growth.
Total revenues for Q3 FY25 were $339,023,000, a significant turnaround from a loss of $14,612,000 in Q3 FY24.
The company reported a net loss of $287,163,000 for the quarter, compared to a net income of $85,278,000 in the same period last year.
Adjusted Net Income (ANI) for the quarter was $52,659,000, showing a 25% increase compared to the previous year.
Assets Under Management (AUM) increased by 20% to $179,212,000,000, and Fee-Earning AUM (FEAUM) grew by 28% to $114,166,000,000.
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
The company's forward-looking statements indicate a focus on continued business execution, favorable private markets fundraising, and successful integration of acquisitions, while acknowledging inherent uncertainties and market conditions.
Positive Outlook
- Successful execution of business and growth strategies.
- Favorable private markets fundraising environment.
- Successful integration of acquired businesses.
- Continued focus on providing customized investment solutions and advisory services.
- Commitment to achieving future plans, estimates, or expectations.
Challenges Ahead
- Global and domestic market and business conditions pose risks.
- Regulatory factors relevant to the business can impact results.
- Uncertainties inherent in forward-looking statements.
- Future plans, estimates, or expectations may not be achieved.
- Results could differ materially from forward-looking statements due to various risks and assumptions.