📊 STEP Key Takeaways
Is StepStone Group Inc. (STEP) a Good Investment?
StepStone Group faces severe financial distress with negative stockholders' equity of -378.8M, indicating technical insolvency where liabilities exceed assets. Despite 65.1% revenue growth and positive free cash flow of 87.8M, the company suffers from massive operating losses (-890.8M) and a crippling -63.4% operating margin, revealing the revenue growth is unprofitable.
Why Buy StepStone Group Inc. Stock? STEP Key Strengths
- Strong revenue growth of 65.1% year-over-year indicates market demand and scaling
- Positive operating cash flow of 89.7M and free cash flow of 87.8M suggest cash generation despite losses
- Adequate cash position of 378.0M provides near-term liquidity runway
STEP Stock Risks: StepStone Group Inc. Investment Risks
- Negative stockholders' equity of -378.8M represents technical insolvency and financial distress
- Massive operating loss of -890.8M with -37.6% net margin indicates fundamentally unprofitable business model
- Negative interest coverage of -95.5x signals inability to service debt from operations, creating refinancing risk
Key Metrics to Watch
- Path to operating profitability and timeline for returning to positive net income
- Stockholders' equity recovery trajectory and covenant compliance on 270.2M long-term debt
- Operating cash flow sustainability as revenue growth moderates and losses stabilize
StepStone Group Inc. (STEP) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
STEP Profit Margin, ROE & Profitability Analysis
STEP vs Market Sector: How StepStone Group Inc. Compares
How StepStone Group Inc. compares to Market sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is StepStone Group Inc. Stock Overvalued? STEP Valuation Analysis 2026
Based on fundamental analysis, StepStone Group Inc. has mixed fundamental signals relative to the Market sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
StepStone Group Inc. Balance Sheet: STEP Debt, Cash & Liquidity
STEP Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: StepStone Group Inc.'s revenue has grown significantly by 49% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.30 indicates the company is currently unprofitable.
STEP Revenue Growth, EPS Growth & YoY Performance
STEP Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2026 | $339.0M | -$123.5M | $-1.55 |
| Q2 2026 | $271.7M | $17.6M | $0.26 |
| Q1 2026 | $186.4M | $13.3M | $0.20 |
| Q3 2025 | -$14.6M | -$20.2M | $-0.32 |
| Q2 2025 | $191.4M | $17.6M | $0.26 |
| Q1 2025 | $178.0M | $13.3M | $0.20 |
| Q3 2024 | -$239.9M | -$6.9M | $-0.11 |
| Q2 2024 | -$235.7M | $26.2M | $0.42 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
StepStone Group Inc. Dividends, Buybacks & Capital Allocation
STEP SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for StepStone Group Inc. (CIK: 0001796022)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Apr 2, 2026 | 4 | xslF345X06/wk-form4_1775155355.xml | View → |
| Apr 2, 2026 | 4 | xslF345X06/wk-form4_1775155329.xml | View → |
| Mar 17, 2026 | 4 | xslF345X05/wk-form4_1773788326.xml | View → |
| Mar 17, 2026 | 4 | xslF345X05/wk-form4_1773788288.xml | View → |
| Mar 17, 2026 | 4 | xslF345X05/wk-form4_1773788260.xml | View → |
❓ Frequently Asked Questions about STEP
What is the AI rating for STEP?
StepStone Group Inc. (STEP) has an AI rating of STRONG SELL with 75% confidence, based on fundamental analysis of SEC EDGAR filings.
What are STEP's key strengths?
Claude: Strong revenue growth of 65.1% year-over-year indicates market demand and scaling. Positive operating cash flow of 89.7M and free cash flow of 87.8M suggest cash generation despite losses.
What are the risks of investing in STEP?
Claude: Negative stockholders' equity of -378.8M represents technical insolvency and financial distress. Massive operating loss of -890.8M with -37.6% net margin indicates fundamentally unprofitable business model.
What is STEP's revenue and growth?
StepStone Group Inc. reported revenue of $1.4B.
Does STEP pay dividends?
StepStone Group Inc. pays dividends, with $94.4M distributed to shareholders in the trailing twelve months.
Where can I find STEP SEC filings?
Official SEC filings for StepStone Group Inc. (CIK: 0001796022) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is STEP's EPS?
StepStone Group Inc. has a diluted EPS of $-6.72.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is STEP a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, StepStone Group Inc. has a STRONG SELL rating with 75% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is STEP stock overvalued or undervalued?
Valuation metrics for STEP: ROE of N/A (sector avg: 15%), net margin of -37.6% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy STEP stock in 2026?
Our dual AI analysis gives StepStone Group Inc. a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is STEP's free cash flow?
StepStone Group Inc.'s operating cash flow is $89.7M, with capital expenditures of $1.9M. FCF margin is 6.3%.
How does STEP compare to other Market stocks?
Vs Default sector averages: Net margin -37.6% (avg: 12%), ROE N/A (avg: 15%), current ratio N/A (avg: 1.8).