Quarterly ResultAug 7, 2026, 04:08 PM
StepStone Group Q2 Net Loss Widens to $115.8M; EPS Loss $1.41
AI Summary
StepStone Group Inc. reported a significant widening of its net loss attributable to the company for the three months ended June 30, 2026, reaching $115.8 million, compared to a $38.4 million loss in the prior year. Diluted loss per share also increased to $1.41 from $0.49. While total revenues saw a modest increase of 4.0% to $378.9 million, driven by higher management and advisory fees, performance fees experienced a notable decline. The company also saw a substantial outflow in cash from operating activities.
Key Highlights
- Net loss attributable to StepStone Group Inc. widened to $115.8 million, up 201.4% YoY.
- Diluted loss per share increased to $1.41, compared to $0.49 in the prior year period.
- Total revenues rose 4.0% to $378.9 million for the three months ended June 30, 2026.
- Management and advisory fees increased 27.4% to $269.2 million.
- Total performance fees decreased 28.3% to $109.7 million.
- Net cash used in operating activities was $457.5 million, a significant shift from $46.3 million provided in the prior year.
- Total assets grew 14.8% to $7.77 billion as of June 30, 2026.
- Total stockholders' equity increased 40.4% to $970.5 million.
Price Impact
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