StepStone Group Inc.

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.

StepStone Group Inc. announced it will release its financial results for the first quarter of fiscal year 2027, ended June 30, 2026, after the market closes on Thursday, August 6, 2026. Management will host a webcast and conference call on the same day at 5:00 pm ET to discuss these results. The webcast will be accessible via the company's shareholder website, with a separate registration required for live Q&A participation.

StepStone Group Inc. announced its transition from a "controlled company" status, effective September 18, 2025, and is taking steps to comply with Nasdaq's corporate governance rules. The company will hold its 2026 Annual Meeting of Stockholders on September 8, 2026, where seven director nominees will be elected, ensuring a majority independent board. To facilitate this, two current directors are not being re-nominated, and the board size will be reduced to seven. Additionally, director compensation for committee chairs and members will be adjusted, with significant increases for Audit Committee chair and new retainers for other committee roles.

StepStone Group and PitchBook announced the general availability of SPI Deal Benchmarking, a solution providing deal-level performance and operating metrics directly within PitchBook workflows. This offering enables fund managers, investors, and service providers to access institutional-grade, granular benchmarking across various private market strategies. The solution aims to offer clearer insights into performance drivers, support rigorous deal underwriting, and enhance investor relations and investment strategy. This launch follows their partnership announcement in May 2026.

StepStone Group Inc. and StepStone Group LP completed the third exchange on May 29, 2026, as part of previously announced transactions to acquire equity interests in StepStone Group Real Estate LP, StepStone Group Real Assets LP, and StepStone Group Private Debt AG. This exchange involved acquiring approximately 5% of each Asset Class Entity, bringing the Partnership's total ownership to about 65% in each entity. The consideration included approximately $10 million in cash, 972,685 shares of Class A Common Stock, and 2,438,273 Class D Units, issued under Section 4(a)(2) of the Securities Act.

StepStone Group Inc. reported its annual business overview, highlighting significant growth in its total capital responsibility, which reached approximately $885 billion as of March 31, 2026. This included $233 billion in Assets Under Management (AUM) and $652 billion in Assets Under Advisement (AUA). The company also saw its management and advisory fees grow to $926 million in fiscal 2026, representing a 27% compounded annual growth rate since fiscal 2021. StepStone emphasized its strong investment performance track record and a scalable business model supported by a global presence and proprietary technology.

StepStone Group Inc. announced that its CEO, Scott Hart, and Head of Strategy, Mike McCabe, are scheduled to present at the Morgan Stanley US Financials Conference. The presentation will occur on Tuesday, June 9, 2026, at 11:15 am ET. A live webcast and replay of the event will be accessible through the company's shareholder relations website.

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.

StepStone Group reported its financial results for the fourth quarter and fiscal year ended March 31, 2026, showcasing significant growth in revenues and assets under management. The company's Board of Directors declared a quarterly cash dividend of $0.28 per share and a supplemental cash dividend of $0.55 per share of Class A common stock. While GAAP net loss increased, non-GAAP adjusted net income and key business drivers demonstrated strong positive performance.

StepStone Group Inc. announced the appointment of Taylor Benson as Head of U.S. Defined Contribution, leading the expansion of the firm's retirement efforts. This role reflects growing interest in private markets among retirement plan sponsors and fiduciaries. Benson will focus on helping fiduciaries evaluate and implement diversified private markets exposure aligned with plan governance, and StepStone is developing new collective investment trust (CIT) structures for retirement portfolios.