StepStone Group Inc. released its financial results showing notable changes in various key metrics. The company's total revenues increased to $377.7 million for the quarter ended March 31, 2025, up from $339.0 million in the previous quarter, marking a 6% increase. Over the fiscal year, total revenues rose significantly by 65%, reaching $1.175 billion compared to $711.6 million in the prior year. Management and advisory fees also saw an increase, with the most recent quarter reporting $213.4 million, up from $190.8 million in the previous quarter, representing a 12% rise. Year-over-year, these fees grew by 31%, totaling $767.0 million compared to $585.1 million. However, the company reported a net loss attributable to StepStone Group Inc. of $18.5 million for the most recent quarter, compared with a net income of $30.8 million in the same quarter of the previous year. Performance fees experienced a decline of 19% in the most recent quarter compared to the previous one, amounting to $164.3 million, yet they surged by 222% on a year-over-year basis. StepStone Group continues to focus on its core business operations to drive future growth, leveraging its expertise in management and advisory services.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.