v3.26.1
Consolidated Statements of Income (Loss) - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Revenues      
Total revenues $ 1,993,603 $ 1,174,830 $ 711,631
Compensation and benefits:      
Cash-based compensation 414,147 331,808 292,962
Equity-based compensation 1,742,057 669,126 42,357
Performance fee-related compensation:      
Realized 192,577 94,748 37,687
Unrealized 342,225 94,272 74,694
Total performance fee-related compensation 534,802 189,020 112,381
Legacy Greenspring performance fee-related compensation [1] 138,711 74,341 (75,157)
Total compensation and benefits 2,829,717 1,264,295 372,543
General, administrative and other 187,254 177,354 167,317
Total expenses 3,016,971 1,441,649 539,860
Other income (expense)      
Investment income 40,819 15,096 7,452
Legacy Greenspring investment loss [1] 4,945 (1,185) (9,087)
Investment income of Consolidated Funds 92,407 65,374 28,472
Interest income 11,833 10,850 3,664
Interest expense (18,502) (12,701) (9,331)
Other income (loss) 697 (32,650) 2,455
Total other income 132,199 44,784 23,625
Income (loss) before income tax (891,169) (222,035) 195,396
Income tax expense (benefit) (147,893) (49,208) 27,576
Net income (743,276) (172,827) 167,820
Less: Net income attributable to redeemable non-controlling interests 65,988 53,731 15,838
Net income (loss) attributable to StepStone Group Inc. $ (535,808) $ (179,563) $ 58,091
Net income (loss) per share of Class A common stock:      
Basic (in dollars per share) $ (6.78) $ (2.52) $ 0.91
Diluted (in dollars per share) $ (6.78) $ (2.52) $ 0.91
Weighted-average shares of Class A common stock:      
Basic (in shares) 79,039,229 71,142,916 63,489,135
Diluted (in shares) 79,039,229 71,142,916 66,544,038
Dividends declared per share of Class A common stock (in dollars per share) $ 1.48 $ 1.08 $ 1.08
Non-Controlling Interests in Subsidiaries      
Other income (expense)      
Less: Net income attributable to non-controlling interests $ 103,782 $ 79,282 $ 37,240
Less: Net income attributable to redeemable non-controlling interests 2,450 758 5,782
Non-Controlling Interests in Legacy Greenspring Entities      
Performance fee-related compensation:      
Unrealized 118,969 11,211 (134,906)
Other income (expense)      
Less: Net income attributable to non-controlling interests [1] 4,945 (1,185) (9,087)
Non-Controlling Interests in the Partnership      
Other income (expense)      
Less: Net income attributable to non-controlling interests (384,633) (125,850) 59,956
Management and advisory fees, net      
Revenues      
Total revenues 926,465 767,014 585,140
Performance Fees      
Revenues      
Total revenues 1,067,138 407,816 126,491
Incentive fees      
Revenues      
Total revenues 220,133 32,275 25,339
Carried Interest Allocations      
Revenues      
Total revenues 708,294 301,200 176,309
Realized      
Revenues      
Total revenues 168,582 159,653 49,401
Unrealized      
Revenues      
Total revenues 539,712 141,547 126,908
Legacy Greenspring Carried Interest Allocations      
Revenues      
Total revenues [1] $ 138,711 $ 74,341 $ (75,157)
[1] Reflects amounts attributable to consolidated VIEs for which the Company did not acquire any direct economic interests. See notes 2, 3 and 5 for more information.