10-Q quarterly report · filed Nov 6, 2025

StepStone Group Inc. (STEP) Q3 2025 10-Q Quarterly Report

Short answer

StepStone Group Inc. (STEP) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $454M (up 67.2% year over year) with net income of −$366M.

Q3 2025 key financials · XBRL

Revenue
$454M
+67.2% YoY · +24.7% QoQ
Net income
−$366M
−2176.6% YoY · −852.9% QoQ
EPS (diluted)
−$4.68
−1900.0% YoY · −855.1% QoQ

Source: XBRL data from the StepStone Group Inc. (STEP) Q3 2025 10-Q on SEC EDGAR. USD.

StepStone Group Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Capital responsibility $771B, including $209B AUM and $562B AUA as of September 30, 2025
  • 2025 Exchange: approximately $10M cash, 756,105 Class A shares, and 2,438,403 Class D units
  • Headwinds: slower fundraising and capital deployment, delayed management fees, and delayed or reduced performance fees
  • Monitoring inflation, interest rates, trade, currencies, banking volatility, geopolitical tensions, and government shutdown risks

Risk Factors

  • No risk-factors section provided in submitted text
  • Executive trading arrangement: 211,210 Class A shares subject to sale through December 31, 2025
  • No defaults upon senior securities reported
  • No mine-safety disclosures applicable

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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