v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Assets    
Restricted cash $ 581 $ 579
Fees and accounts receivable 109,711 133,287
Due from affiliates 153,019 113,150
Investments:    
Investments in funds 264,450 249,447
Accrued carried interest allocations 2,080,443 2,036,892
Legacy Greenspring investments in funds and accrued carried interest allocations [1] 783,847 752,776
Deferred income tax assets 663,333 614,788
Lease right-of-use assets, net 95,222 81,565
Intangibles, net 212,855 223,044
Goodwill 580,542 580,542
Total assets 7,767,674 6,762,702
Liabilities and stockholders’ equity    
Accounts payable, accrued expenses and other liabilities 84,915 102,685
Accrued compensation and benefits 2,681,305 2,360,770
Accrued carried interest-related compensation 1,145,080 1,100,604
Legacy Greenspring accrued carried interest-related compensation [1] 656,035 619,186
Due to affiliates 366,798 362,833
Lease liabilities 116,465 103,600
Total liabilities 6,528,018 5,876,676
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Additional paid-in capital 541,815 482,057
Accumulated deficit (1,082,511) (896,879)
Accumulated other comprehensive income 1,376 1,143
Total StepStone Group Inc. stockholders’ equity (539,200) (413,559)
Total stockholders’ equity 970,529 691,013
Total liabilities and stockholders’ equity 7,767,674 6,762,702
Class A Common Stock    
Stockholders’ equity:    
Common stock 82 81
Class B Common Stock    
Stockholders’ equity:    
Common stock 38 39
Noncontrolling Interest In Consolidated Funds    
Liabilities and stockholders’ equity    
Redeemable non-controlling interests in Consolidated Funds 259,913 186,236
Non-Controlling Interests in Subsidiaries    
Liabilities and stockholders’ equity    
Redeemable non-controlling interests in Consolidated Funds 9,214 8,777
Stockholders’ equity:    
Non-controlling interests 1,867,651 1,373,242
Non-Controlling Interests in Legacy Greenspring Entities    
Stockholders’ equity:    
Non-controlling interests [1] 127,812 133,590
Non-Controlling Interests in the Partnership    
Stockholders’ equity:    
Non-controlling interests (485,734) (402,260)
Consolidated funds    
Assets    
Restricted cash 581 579
Fees and accounts receivable 76,615 107,352
Due from affiliates 81,263 53,123
Investments:    
Investments in funds 80,609 77,202
Legacy Greenspring investments in funds and accrued carried interest allocations 783,847 752,776
Deferred income tax assets 4,111 4,491
Lease right-of-use assets, net 15,157 15,850
Total assets 3,721,852 2,822,532
Liabilities and stockholders’ equity    
Accounts payable, accrued expenses and other liabilities 28,336 36,438
Accrued compensation and benefits 2,620,971 2,321,815
Legacy Greenspring accrued carried interest-related compensation 656,035 619,186
Due to affiliates 25,331 18,292
Lease liabilities 16,484 17,048
Total liabilities 4,553,679 3,969,205
Excluding Consolidated Funds    
Assets    
Cash and cash equivalents 201,167 213,065
Investments:    
Other assets and receivables 59,861 58,946
Liabilities and stockholders’ equity    
Debt obligations 270,898 270,572
Excluding Consolidated Funds | Consolidated funds    
Assets    
Cash and cash equivalents 104,312 90,403
Investments:    
Other assets and receivables 12,714 16,135
Consolidated Funds    
Assets    
Cash and cash equivalents 501,353 905,357
Investments:    
Other assets and receivables 25,407 83,929
Investments, at fair value 2,035,883 715,335
Liabilities and stockholders’ equity    
Debt obligations 1,180,643 931,185
Other liabilities 25,879 25,241
Consolidated Funds | Consolidated funds    
Assets    
Cash and cash equivalents 501,353 905,357
Investments:    
Other assets and receivables 25,407 83,929
Investments, at fair value 2,035,883 715,335
Liabilities and stockholders’ equity    
Debt obligations 1,180,643 931,185
Other liabilities $ 25,879 $ 25,241
[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.