v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Mar. 31, 2025
Assets    
Restricted cash $ 579 $ 502
Fees and accounts receivable 133,287 80,871
Due from affiliates 113,150 92,723
Investments:    
Investments in funds 249,447 183,694
Accrued carried interest allocations 2,036,892 1,495,664
Legacy Greenspring investments in funds and accrued carried interest allocations [1] 752,776 629,228
Deferred income tax assets 614,788 382,886
Lease right-of-use assets, net 81,565 91,841
Intangibles, net 223,044 263,872
Goodwill 580,542 580,542
Total assets 6,762,702 4,586,693
Liabilities and stockholders’ equity    
Accounts payable, accrued expenses and other liabilities 102,685 89,731
Accrued compensation and benefits 2,360,770 736,695
Accrued carried interest-related compensation 1,100,604 757,968
Legacy Greenspring accrued carried interest-related compensation [1] 619,186 495,739
Due to affiliates 362,833 331,821
Lease liabilities 103,600 113,519
Total liabilities 5,876,676 2,812,321
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Additional paid-in capital 482,057 421,057
Accumulated deficit (896,879) (242,546)
Accumulated other comprehensive income 1,143 728
Total StepStone Group Inc. stockholders’ equity (413,559) 179,356
Total stockholders’ equity 691,013 1,390,148
Total liabilities and stockholders’ equity 6,762,702 4,586,693
Excluding Consolidated Funds    
Assets    
Cash and cash equivalents 213,065 244,791
Investments:    
Other assets and receivables 58,946 62,869
Liabilities and stockholders’ equity    
Debt obligations 270,572 269,268
Consolidated Funds    
Assets    
Cash and cash equivalents 905,357 44,511
Investments:    
Other assets and receivables 83,929 17,688
Investments, at fair value 715,335 415,011
Liabilities and stockholders’ equity    
Debt obligations 931,185 0
Other liabilities 25,241 17,580
Noncontrolling Interest in Consolidated Funds    
Liabilities and stockholders’ equity    
Redeemable non-controlling interests in Consolidated Funds 186,236 377,897
Non-Controlling Interests in Subsidiaries    
Liabilities and stockholders’ equity    
Redeemable non-controlling interests in Consolidated Funds 8,777 6,327
Stockholders’ equity:    
Non-controlling interests 1,373,242 1,056,510
Non-Controlling Interests in Legacy Greenspring Entities    
Stockholders’ equity:    
Non-controlling interests [1] 133,590 133,489
Non-Controlling Interests in the Partnership    
Stockholders’ equity:    
Non-controlling interests (402,260) 20,793
Consolidated VIEs    
Assets    
Restricted cash 579 502
Fees and accounts receivable 107,352 66,692
Due from affiliates 53,123 43,830
Investments:    
Investments in funds 77,202 47,362
Legacy Greenspring investments in funds and accrued carried interest allocations 752,776 629,228
Deferred income tax assets 4,491 275
Lease right-of-use assets, net 15,850 18,307
Total assets 2,822,532 1,376,034
Liabilities and stockholders’ equity    
Accounts payable, accrued expenses and other liabilities 36,438 29,484
Accrued compensation and benefits 2,321,815 699,015
Legacy Greenspring accrued carried interest-related compensation 619,186 495,739
Due to affiliates 18,292 18,072
Lease liabilities 17,048 18,814
Total liabilities 3,969,205 1,278,704
Consolidated VIEs | Excluding Consolidated Funds    
Assets    
Cash and cash equivalents 90,403 75,769
Investments:    
Other assets and receivables 16,135 16,859
Consolidated VIEs | Consolidated Funds    
Assets    
Cash and cash equivalents 905,357 44,511
Investments:    
Other assets and receivables 83,929 17,688
Investments, at fair value 715,335 415,011
Liabilities and stockholders’ equity    
Debt obligations 931,185 0
Other liabilities 25,241 17,580
Class A common stock, $0.001 par value, 650,000,000 authorized; 80,703,553 and 76,761,399 issued and outstanding as of March 31, 2026 and 2025, respectively    
Stockholders’ equity:    
Common stock 81 77
Class B common stock, $0.001 par value, 125,000,000 authorized; 38,637,761 and 39,656,954 issued and outstanding as of March 31, 2026 and 2025, respectively    
Stockholders’ equity:    
Common stock $ 39 $ 40
[1] Reflects amounts attributable to consolidated VIEs for which the Company did not acquire any direct economic interests. See notes 2 and 5 for more information.