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AI brief of an SEC Form 8-K · StepStone (STEP)

StepStone net loss widens to $170.4 million as fee revenue rises 27%

Mixed Impact 3 of 5 earnings Written later

StepStone Group reported a first quarter fiscal 2027 GAAP net loss of $170.4 million for the quarter ended June 30, 2026, compared with a $12.0 million loss a year earlier. Total revenues rose 4% to $378.9 million, and fee revenues and fee-related earnings grew, but total performance fees fell 28%. The board also declared a $0.33 per share quarterly dividend.

Key points

  • GAAP net loss of $170.4 million, or $1.41 per share, versus a net loss of $12.0 million, or $0.49 per share, a year earlier
  • Total revenues of $378.9 million, up 4%; management and advisory fees, net of $269.2 million, up 27%
  • Total performance fees fell 28% to $109.7 million; fee-related earnings rose 30% to $105.6 million and ANI per share rose 20% to $0.48
  • Quarterly dividend of $0.33 per share, payable September 15, 2026, to holders of record as of August 31, 2026

The filing

CompanyStepStone (STEP)
Form8-K, current report
Filed with the SECAug 6, 2026, 4:08 PM ET
Accession number0001628280-26-054289

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.