Earnings ·
StepStone reports Q2 fiscal 2027 net loss of $71.2M and declares $0.33 quarterly dividend
STEPStepStone Group Inc.
StepStone Group Inc. reported a net loss attributable to the company of $71.2 million, or $0.87 per share, for its second fiscal quarter ended September 30, 2026. This compares to a net loss of $366.1 million in the prior-year period. Total revenues surged 70% year-over-year to $773.1 million, driven by a 101% increase in total performance fees to $480.0 million and a 36% rise in management and advisory fees to $293.1 million. Adjusted net income (ANI) per share was $0.66, up 22% from the prior year. The Board of Directors declared a quarterly cash dividend of $0.33 per share of Class A common stock, payable on December 15, 2026, to holders of record as of November 30, 2026. StepStone Group Inc. is a global private markets investment firm focused on providing customized investment solutions and advisory and data services.