Quarterly ResultMay 20, 2026, 04:13 PM
StepStone Group FY26 Revenue $1.99B, Net Loss $(743M); Q4 Dividend $0.28
AI Summary
StepStone Group reported its financial results for the fourth quarter and full fiscal year ended March 31, 2026, showing robust revenue growth and significant increases in assets under management. For the full fiscal year 2026, total revenues surged 70% to $1.99 billion, while the company recorded a GAAP net loss of $(743.3) million, a substantial increase from the prior year. Despite the GAAP loss, Adjusted Net Income (ANI) for FY26 increased by 8% to $264.6 million, and Fee-Related Earnings (FRE) grew by 14% to $354.4 million. The Board of Directors also declared a quarterly cash dividend of $0.28 per share and a supplemental cash dividend of $0.55 per share.
Key Highlights
- Board declared a quarterly cash dividend of $0.28 per share and a supplemental cash dividend of $0.55 per share.
- FY26 total revenues increased 70% to $1.99 billion from $1.17 billion in FY25.
- FY26 GAAP net loss was $(743.3) million, a 330% increase from $(172.8) million in FY25.
- FY26 Adjusted Net Income (ANI) grew 8% to $264.6 million from $244.1 million in FY25.
- Q4 2026 total revenues rose 56% to $588.6 million from $377.7 million in Q4 2025.
- Q4 2026 GAAP net income was $6.7 million, down 49% from $13.2 million in Q4 2025.
- Assets under management (AUM) increased 23% to $233.3 billion as of March 31, 2026.
- Undeployed fee-earning capital (UFEC) grew 63% to $40.1 billion as of March 31, 2026.
Price Impact
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