Revenue: As of FY2026 Q4, the actual value is USD 588.58 M.EPS: As of FY2026 Q4, the actual value is USD -0.1.EBIT: As of FY2026 Q4, the actual value is USD -19.57 M.StepStone Group Inc. announced its financial results for the fourth quarter and full fiscal year ended March 31, 2026 .<h4>Fiscal Year Ended March 31, 2026 (GAAP Financial Highlights)</h4><ul><li>Total Revenues: StepStone Group Inc. reported total revenues of $1,993,603 thousand, a 70% increase from $1,174,830 thousand in the prior fiscal year .</li><li>Management and Advisory Fees, Net: These fees increased by 21% to $926,465 thousand from $767,014 thousand .</li><li>Total Performance Fees: These fees saw a significant increase of 162% to $1,067,138 thousand, up from $407,816 thousand .</li><li>Net Loss: The company reported a net loss of -$743,276 thousand for fiscal year 2026, compared to a net loss of -$172,827 thousand in fiscal year 2025, representing a 330% change .</li><li>Weighted-Average Shares of Class A Common Stock (Basic and Diluted): These increased by 11% to 79,039,229 from 71,142,916 .</li></ul><h4>Three Months Ended March 31, 2026 (Q4’26) (GAAP Financial Highlights)</h4><ul><li>Total Revenues: Total revenues were $588,580 thousand, a 56% increase from $377,729 thousand in Q4’25 .</li><li>Management and Advisory Fees, Net: These fees grew by 22% to $259,871 thousand from $213,401 thousand .</li><li>Total Performance Fees: These fees increased by 100% to $328,709 thousand from $164,328 thousand .</li><li>Net Income: Net income was $6,660 thousand in Q4’26, compared to $13,153 thousand in Q4’25, a -49% change .</li></ul><h4>Fiscal Year Ended March 31, 2026 (Non-GAAP Financial Highlights)</h4><ul><li>Fee Revenues: Fee revenues increased by 21% to $931,619 thousand from $770,489 thousand in fiscal year 2025 .</li><li>Adjusted Revenues: Adjusted revenues grew by 36% to $1,320,150 thousand from $969,719 thousand .</li><li>Fee-Related Earnings (FRE): FRE increased by 14% to $354,449 thousand from $312,204 thousand .</li><li>FRE Margin: FRE margin was 38% for fiscal year 2026, down from 41% in fiscal year 2025 .</li><li>Gross Realized Performance Fees: These fees increased by 95% to $388,531 thousand from $199,230 thousand .</li><li>Performance Fee-Related Earnings (PRE): PRE increased by 88% to $195,954 thousand from $104,482 thousand .</li><li>Adjusted Net Income (ANI): ANI increased by 8% to $264,560 thousand from $244,072 thousand .</li></ul><h4>Three Months Ended March 31, 2026 (Q4’26) (Non-GAAP Financial Highlights)</h4><ul><li>Fee Revenues: Fee revenues increased by 21% to $260,285 thousand from $214,662 thousand in Q4’25 .</li><li>Adjusted Revenues: Adjusted revenues increased by 3% to $305,841 thousand from $295,861 thousand .</li><li>FRE: FRE increased by 12% to $105,334 thousand from $94,081 thousand .</li><li>FRE Margin: FRE margin was 40%, compared to 44% in Q4’25 .</li><li>Gross Realized Performance Fees: These fees decreased by -44% to $45,556 thousand from $81,199 thousand .</li><li>PRE: PRE decreased by -57% to $17,894 thousand from $41,543 thousand .</li><li>ANI: ANI decreased by -14% to $69,459 thousand from $80,603 thousand .</li></ul><h4>GAAP Balance Sheet Items (As of March 31, 2026)</h4><ul><li>Total Assets: Total assets were $6,762,702 thousand, an increase from $4,586,693 thousand as of March 31, 2025 .</li><li>Cash and Cash Equivalents: Cash and cash equivalents were $213,065 thousand, down from $244,791 thousand .</li><li>Investments in Funds: Investments in funds increased to $249,447 thousand from $183,694 thousand .</li><li>Accrued Carried Interest Allocations (Asset): These increased to $2,036,892 thousand from $1,495,664 thousand .</li><li>Total Liabilities: Total liabilities were $5,876,676 thousand, up from $2,812,321 thousand .</li><li>Accrued Compensation and Benefits: These increased to $2,360,770 thousand from $736,695 thousand .</li><li>Debt Obligations of Consolidated Funds: These significantly increased to $931,185 thousand from $0 thousand .</li><li>Total Stockholders’ Equity: Total stockholders’ equity decreased to $691,013 thousand from $1,390,148 thousand .</li></ul><h4>GAAP Statements of Loss (Expenses) (Fiscal Year Ended March 31, 2026)</h4><ul><li>Total Expenses: Total expenses were $3,016,971 thousand, up from $1,441,649 thousand in fiscal year 2025 .</li><li>Total Compensation and Benefits: These increased to $2,829,717 thousand from $1,264,295 thousand .</li><li>General, Administrative and Other Expenses: These increased to $187,254 thousand from $177,354 thousand .</li></ul><h4>Operational Metrics (As of March 31, 2026)</h4><ul><li>Assets Under Management (AUM): AUM reached $233.3 billion, a 23% increase from $189.4 billion as of March 31, 2025 .</li><li>Assets Under Advisement (AUA): AUA increased by 25% to $651.8 billion from $519.7 billion .</li><li>Fee-Earning AUM (FEAUM): FEAUM grew by 19% to $144.0 billion from $121.4 billion .</li><li>Undeployed Fee-Earning Capital (UFEC): UFEC increased by 63% to $40.1 billion from $24.6 billion .</li><li>Total Capital Responsibility: Total capital responsibility, which includes AUM plus AUA, increased by 25% to $885.152 billion from $709.064 billion .</li></ul><h4>Outlook / Guidance</h4>The provided report does not contain specific forward-looking statements or guidance regarding future financial performance or operational targets . The “Forward-Looking Statements” section serves as a disclaimer regarding the inherent uncertainties of such statements .

Stepstone | 8-K: FY2026 Q4 Revenue: USD 588.58 M