StepStone Group Inc

For the period ended Dec 31, 2023. Filed Feb 8, 2024.

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.

Dec 31, 2023 · Filed Feb 8, 2024

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	Retained Earnings	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 September 30, 2023	$64	$46	$628,977	$165,240	$338	$30,394	$144,255	$669,097	$1,638,411
Net income (loss)	—	—	—	(20,226)	—	13,552	(2,222)	(20,111)	(29,007)
Other comprehensive loss	—	—	—	—	(152)	(278)	—	(115)	(545)
Contributed capital	—	—	—	—	—	—	4,248	9	4,257
Equity-based compensation	—	—	2,874	—	—	148	—	2,166	5,188
Distributions	—	—	—	—	—	(6,989)	(543)	(5,681)	(13,213)
Dividends declared	—	—	—	(13,676)	—	—	—	—	(13,676)
Deferred tax effect resulting from transactions affecting ownership in the Partnership, including net amounts payable under Tax Receivable Agreements(1)	—	—	(1,643)	—	—	—	—	—	(1,643)
Balance at December 31, 2023	$64	$46	$630,208	$131,338	$186	$36,827	$145,738	$645,365	$1,589,772
Balance at March 31, 2023	$63	$46	$610,567	$160,430	$461	$36,380	$152,658	$668,182	$1,628,787
Net income	—	—	—	27,268	—	32,797	(9,054)	22,677	73,688
Other comprehensive loss	—	—	—	—	(284)	(488)	—	(218)	(990)
Contributed capital	—	—	—	—	—	—	8,833	37	8,870
Equity-based compensation	—	—	7,949	—	—	444	—	6,117	14,510
Distributions	—	—	—	—	—	(30,961)	(6,699)	(40,569)	(78,229)
Dividends declared	—	—	—	(56,360)	—	—	—	—	(56,360)
Vesting of RSUs, net of shares withheld for employee taxes	—	—	(345)	—	—	—	—	(268)	(613)
Exchange of Class B and Class C units for Class A common stock and redemption of corresponding Class B common shares	1	—	(1)	—	—	—	—	—	—
Sale of non-controlling interests	—	—	851	—	—	1,553	—	641	3,045
Equity reallocation between controlling and non-controlling interests	—	—	14,123	—	9	(2,898)	—	(11,234)	—
Deferred tax effect resulting from transactions affecting ownership in the Partnership, including net amounts payable under Tax Receivable Agreements(1)	—	—	(2,936)	—	—	—	—	—	(2,936)
Balance at December 31, 2023	$64	$46	$630,208	$131,338	$186	$36,827	$145,738	$645,365	$1,589,772

(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	Retained Earnings	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 September 30, 2022	$62	$47	$596,355	$164,044	$671	$28,922	$173,443	$677,565	$1,641,109
Net income (loss)	—	—	—	(6,938)	—	9,575	(8,966)	(7,617)	(13,946)
Other comprehensive loss	—	—	—	—	(68)	(118)	—	(54)	(240)
Contributed capital	—	—	—	—	—	142	1,849	20	2,011
Equity-based compensation	—	—	2,259	—	—	252	—	1,797	4,308
Distributions	—	—	—	—	—	(4,463)	(981)	(8,908)	(14,352)
Dividends declared	—	—	—	(12,606)	—	—	—	—	(12,606)
Exchange of Class B units for Class A common stock and redemption of corresponding Class B common shares	1	(1)	(1)	—	—	—	—	—	(1)
Equity reallocation between controlling and non-controlling interests	—	—	8,950	—	7	1	—	(8,958)	—
Deferred tax effect resulting from transactions affecting ownership in the Partnership, including net amounts payable under Tax Receivable Agreements(1)	—	—	(1,066)	—	—	—	—	—	(1,066)
Balance at December 31, 2022	$63	$46	$606,497	$144,500	$610	$34,311	$165,345	$653,845	$1,605,217
Balance at March 31, 2022	$61	$48	$587,243	$229,615	$658	$32,063	$194,480	$780,162	$1,824,330
Net income (loss)	—	—	—	(47,199)	—	25,836	(32,927)	(48,192)	(102,482)
Other comprehensive loss	—	—	—	—	(51)	(88)	—	(40)	(179)
Contributed capital	—	—	—	—	—	142	10,634	37	10,813
Equity-based compensation	—	—	6,385	—	—	260	—	5,160	11,805
Distributions	—	—	—	—	—	(23,903)	(6,842)	(63,254)	(93,999)
Dividends declared	—	—	—	(37,916)	—	—	—	—	(37,916)
Vesting of RSUs, net of shares withheld for employee taxes	—	—	(1,504)	—	—	—	—	(1,203)	(2,707)
Exchange of Class B units for Class A common stock and redemption of corresponding Class B common shares	2	(2)	(1)	—	—	—	—	—	(1)
Equity reallocation between controlling and non-controlling interests	—	—	18,821	—	3	1	—	(18,825)	—
Deferred tax effect resulting from transactions affecting ownership in the Partnership, including net amounts payable under Tax Receivable Agreements(1)	—	—	(4,447)	—	—	—	—	—	(4,447)
Balance at December 31, 2022	$63	$46	$606,497	$144,500	$610	$34,311	$165,345	$653,845	$1,605,217

(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.