StepStone Group Reports $535.8M FY26 GAAP Net Loss, EPS ($6.78)
STEP sits 29% above its 52-week low of $40.58.
Summary
StepStone Group reported a significant GAAP net loss of $535.8 million for fiscal year 2026, leading to diluted EPS of ($6.78), according to its 10-K filing. This substantial loss is largely due to a $1.74 billion non-cash equity compensation expense. While GAAP results were negative, the company achieved strong revenue growth of 69.7% to $1.99 billion, fueled by higher performance and management fees. Fee-earning AUM also increased 19% to $144 billion. This 10-K provides the full GAAP financial details following the earlier 8-K that focused on adjusted earnings.
At the time of this announcement, STEP was trading at $52.30 on NASDAQ in the Finance sector, with a market capitalization of approximately $6.2B. The 52-week trading range was $40.58 to $77.80. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.