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Mar 31, 2023

StepStone Q4 2023 Earnings Report

Reported fourth quarter and fiscal year 2023 results.

Key Takeaways

StepStone Group reported mixed results for Q4 2023, with a decrease in total revenues and net income compared to the same quarter last year, but an increase in management and advisory fees.

Management and advisory fees increased by 18% compared to Q4 2022.

Total revenues decreased by 53% compared to Q4 2022.

Net income decreased by 45% compared to Q4 2022.

Assets under management increased to $138.4 billion.

Total Revenue
$172M
Previous year: $365M
-52.7%
EPS
$0.24
Previous year: $0.38
-36.8%
Assets Under Management
$138B
Previous year: $135B
+2.9%
Fee-Earning AUM
$85.4B
Previous year: $75.2B
+13.6%
Fee-Related Earnings
$37.8M
Previous year: $35.9M
+5.3%
Gross Profit
$117M
Previous year: $133M
-12.3%
Cash and Equivalents
$130M
Previous year: $116M
+11.3%
Free Cash Flow
-$2.99M
Previous year: $31.8M
-109.4%
Total Assets
$3.5B
Previous year: $4.19B
-16.5%

StepStone

StepStone

StepStone Revenue by Segment

Forward Guidance

The earnings report does not include any forward guidance.

Revenue & Expenses

Visualization of income flow from segment revenue to net income