StepStone Group Inc.

For the period ended Sep 30, 2026. Filed Nov 9, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Nov 9, 2026

STEP$49.18+0.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Stockholders’ Equity for the and

Condensed Consolidated Statements of Stockholders’ Equity (Unaudited)

	Class A Common Stock	Class B Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income	Non-Controlling Interests in Subsidiaries	Non-Controlling Interests in Legacy Greenspring Entities	Non-Controlling Interests in the Partnership	Total Stockholders’ Equity
Balance at June 30, 2026	$82	$38	$541,815	$(1,082,511)	$1,376	$1,867,651	$127,812	$(485,734)	$970,529
Net income (loss)	—	—	—	(71,216)	—	174,263	3,172	(50,416)	55,803
Other comprehensive income	—	—	—	—	5	3	—	2	10
Contributed capital	—	—	—	—	—	146,038	311	—	146,349
Equity-based compensation	—	—	4,307	—	—	157	—	2,239	6,703
Distributions	—	—	—	—	—	(51,128)	(3,229)	(22,165)	(76,522)
Dividends declared	—	—	—	(27,628)	—	—	—	—	(27,628)
Class A common stock issued under ESPP	—	—	1,387	—	—	—	—	722	2,109
Repurchases of Class A common stock	—	—	(1,367)	—	—	—	—	(711)	(2,078)
Initial consolidation of Consolidated Funds	—	—	—	—	—	167,231	—	—	167,231
Equity reallocation between controlling and non-controlling interests	—	—	(2,891)	—	—	1,821	—	1,070	—
Deferred tax effect resulting from equity transactions affecting ownership in the Partnership(1)	—	—	(1,011)	—	—	—	—	—	(1,011)
Balance at September 30, 2026	$82	$38	$542,240	$(1,181,355)	$1,381	$2,306,036	$128,066	$(554,993)	$1,241,495
Balance at March 31, 2026	$81	$39	$482,057	$(896,879)	$1,143	$1,373,242	$133,590	$(402,260)	$691,013
Net income (loss)	—	—	—	(187,032)	—	196,994	(2,075)	(126,550)	(118,663)
Other comprehensive income	—	—	—	—	134	111	—	70	315
Contributed capital	—	—	—	—	—	297,113	511	—	297,624
Equity-based compensation	—	—	8,825	—	—	314	—	4,630	13,769
Distributions	—	—	—	—	—	(343,395)	(3,960)	(60,058)	(407,413)
Dividends declared	—	—	—	(97,444)	—	—	—	—	(97,444)
Class A common stock issued under ESPP	—	—	1,387	—	—	—	—	722	2,109
Exchange of Class B, Class C and Class D units for Class A common stock and redemption of corresponding Class B common stock	1	(1)	(1)	—	—	—	—	—	(1)
Purchase of non-controlling interests	—	—	(6,236)	—	—	—	—	(3,353)	(9,589)
Class A common stock issued for purchase of asset class non-controlling interests	1	—	(1)	—	—	—	—	—	—
Repurchases of Class A common stock	(1)	—	(14,030)	—	—	—	—	(7,268)	(21,299)
Initial consolidation of Consolidated Funds	—	—	—	—	—	898,819	—	—	898,819
Equity reallocation between controlling and non-controlling interests	—	—	77,984	—	104	(117,162)	—	39,074	—
Deferred tax effect resulting from equity transactions affecting ownership in the Partnership(1)	—	—	(7,745)	—	—	—	—	—	(7,745)
Balance at September 30, 2026	$82	$38	$542,240	$(1,181,355)	$1,381	$2,306,036	$128,066	$(554,993)	$1,241,495

(1)See notes 10 and 13 for more information.

Condensed Consolidated Statements of Stockholders’ Equity (Unaudited)

	Class A Common Stock	Class B Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income	Non-Controlling Interests in Subsidiaries	Non-Controlling Interests in Legacy Greenspring Entities	Non-Controlling Interests in the Partnership	Total Stockholders’ Equity
Balance at June 30, 2025	$79	$40	$484,859	$(331,990)	$944	$946,033	$134,332	$(3,718)	$1,230,579
Net income (loss)	—	—	—	(366,142)	—	9,242	1,313	(259,946)	(615,533)
Other comprehensive loss	—	—	—	—	(9)	(9)	—	(5)	(23)
Contributed capital	—	—	—	—	—	63	388	—	451
Equity-based compensation	—	—	2,960	—	—	182	—	1,635	4,777
Distributions	—	—	—	—	—	(29,389)	(1,482)	(23,298)	(54,169)
Dividends declared	—	—	—	(22,299)	—	—	—	—	(22,299)
Class A common stock issued under ESPP	—	—	1,113	—	—	—	—	615	1,728
Exchange of Class B, Class C and Class D units for Class A common stock and redemption of corresponding Class B common stock	—	(1)	—	—	—	—	—	—	(1)
Equity reallocation between controlling and non-controlling interests	—	—	(4,294)	—	—	1,606	—	2,688	—
Deferred tax effect resulting from equity transactions affecting ownership in the Partnership(1)	—	—	1,281	—	—	—	—	—	1,281
Balance at September 30, 2025	$79	$39	$485,919	$(720,431)	$935	$927,728	$134,551	$(282,029)	$546,791
Balance at March 31, 2025	$77	$40	$421,057	$(242,546)	$728	$1,056,510	$133,489	$20,793	$1,390,148
Net income (loss)	—	—	—	(404,566)	—	37,859	4,695	(287,068)	(649,080)
Other comprehensive loss	—	—	—	—	(303)	(325)	—	(172)	(800)
Contributed capital	—	—	—	—	—	1,580	810	1	2,391
Equity-based compensation	—	—	5,826	—	—	364	—	3,256	9,446
Distributions	—	—	—	—	—	(51,286)	(4,443)	(61,568)	(117,297)
Dividends declared	—	—	—	(73,319)	—	—	—	—	(73,319)
Class A common stock issued under ESPP	—	—	1,113	—	—	—	—	615	1,728
Exchange of Class B, Class C and Class D units for Class A common stock and redemption of corresponding Class B common stock	1	(1)	(1)	—	—	—	—	—	(1)
Purchase of non-controlling interests	—	—	(6,566)	—	—	—	—	(3,773)	(10,339)
Class A common stock issued for purchase of asset class non-controlling interests	1	—	(1)	—	—	—	—	—	—
Equity reallocation between controlling and non-controlling interests	—	—	70,577	—	510	(116,974)	—	45,887	—
Deferred tax effect resulting from equity transactions affecting ownership in the Partnership(1)	—	—	(6,086)	—	—	—	—	—	(6,086)
Balance at September 30, 2025	$79	$39	$485,919	$(720,431)	$935	$927,728	$134,551	$(282,029)	$546,791

(1)See notes 10 and 13 for more information.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.