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

StepStone Q3 GAAP net loss widens to $192.0 million; revenue rises to $339.0 million

Mixed Impact 3 of 5 earnings Written later

StepStone reported results for the quarter ended December 31, 2024, with total revenues of $339.0 million, compared with negative $14.6 million a year earlier. The GAAP net loss attributable to StepStone widened to $192.0 million, or $2.61 per diluted share, as equity-based compensation rose to $486.4 million, while non-GAAP measures such as fee-related earnings and adjusted net income grew, and the board declared a $0.24 quarterly dividend.

Key points

  • GAAP net loss attributable to StepStone was $192.0 million, or $2.61 per diluted share, versus a loss of $20.2 million, or $0.32 per share, a year earlier.
  • Equity-based compensation was $486.4 million, compared with $14.0 million in the prior-year quarter.
  • Adjusted revenues were $243.9 million, up 32%; fee-related earnings were $74.1 million, up 46%; ANI per share was $0.44 versus $0.37.
  • Board declared a $0.24 per share quarterly dividend, payable March 14, 2025, to holders of record on February 28, 2025.

The filing

CompanyStepStone (STEP)
Form8-K, current report
Filed with the SECFeb 6, 2025, 4:06 PM ET
Accession number0001796022-25-000007

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing 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 February 06, 2025.

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