• Reported GAAP EPS of -$0.10 up 58.33% YoY • Reported revenue of $588.58M up 55.82% YoY
Bullish
StepStone Group Inc. achieved a 56% increase in total revenues and a 100% rise in total performance fees for the quarter. StepStone Group Inc. also reported strong growth in AUM, AUA, FEAUM, and undeployed capital.
Bearish
StepStone Group Inc. experienced a 49% decrease in net income and a 60% decline in diluted EPS for the quarter. Gross realized performance fees and FRE margin also decreased for StepStone Group Inc.