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

StepStone Q4 revenue more than doubled to $356.8 million; full-year net income turned positive

Positive Impact 3 of 5 earnings Written later

StepStone Group reported results for the fourth quarter and fiscal year ended March 31, 2024, in a press release furnished as Exhibit 99.1. Quarterly total revenues rose to $356.8 million from $172.4 million, and net income attributable to StepStone was $30.8 million, or $0.48 per diluted share, versus $28.8 million, or $0.46, a year earlier. Adjusted net income for the full year fell 2% to $139.4 million, so shareholders should note that the non-GAAP earnings measure declined even as GAAP results improved.

Key points

  • Q4 total revenues were $356.8 million, up from $172.4 million; diluted EPS was $0.48 versus $0.46.
  • Full-year net income attributable to StepStone was $58.1 million, or $0.91 per diluted share, compared with a loss of $18.4 million, or $(0.30), in fiscal 2023.
  • Full-year adjusted net income was $139.4 million ($1.21 per share), down from $142.7 million ($1.24 per share) in fiscal 2023.
  • The board declared a quarterly dividend of $0.21 and a supplemental dividend of $0.15 per Class A share, payable June 28, 2024, to holders of record on June 14, 2024.

The filing

CompanyStepStone (STEP)
Form8-K, current report
Filed with the SECMay 23, 2024, 4:06 PM ET
Accession number0001796022-24-000037

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 May 23, 2024.

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.