v3.26.1
Condensed Consolidated Statements of Loss (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Revenues    
Total revenues $ 378,889 $ 364,287
Compensation and benefits:    
Cash-based compensation 117,234 95,985
Equity-based compensation 317,277 188,718
Performance fee-related compensation:    
Realized 13,862 11,705
Unrealized 44,686 44,357
Total performance fee-related compensation 58,548 56,062
Legacy Greenspring performance fee-related compensation [1] 37,171 39,637
Total compensation and benefits 530,230 380,402
General, administrative and other 53,469 42,914
Total expenses 583,699 423,316
Other income (expense)    
Investment income 10,823 10,512
Legacy Greenspring investment income [1] (5,247) 3,382
Investment income of Consolidated Funds 2,844 21,671
Interest income 4,721 2,496
Interest expense (4,338) (4,534)
Other income (loss) (4,243) 5,152
Total other income 4,560 38,679
Loss before income tax (200,250) (20,350)
Income tax benefit (29,884) (8,339)
Net loss (170,366) (12,011)
Less: Net income attributable to redeemable non-controlling interests 3,663 20,957
Net loss attributable to StepStone Group Inc. $ (115,816) $ (38,424)
Net loss per share of Class A common stock:    
Basic (in dollars per share) $ (1.41) $ (0.49)
Diluted (in dollars per share) $ (1.41) $ (0.49)
Weighted-average shares of Class A common stock:    
Basic (in shares) 81,995,674 77,846,710
Diluted (in shares) 81,995,674 77,846,710
Non-Controlling Interests in Subsidiaries    
Other income (expense)    
Less: Net income (loss) attributable to non-controlling interests $ 22,731 $ 28,617
Less: Net income attributable to redeemable non-controlling interests 437 579
Non-Controlling Interests in Legacy Greenspring Entities    
Performance fee-related compensation:    
Unrealized 36,547 34,772
Other income (expense)    
Less: Net income (loss) attributable to non-controlling interests [1] (5,247) 3,382
Non-Controlling Interests in the Partnership    
Other income (expense)    
Less: Net income (loss) attributable to non-controlling interests (76,134) (27,122)
Management and advisory fees, net    
Revenues    
Total revenues 269,171 211,173
Performance fees    
Revenues    
Total revenues 109,718 153,114
Incentive fees    
Revenues    
Total revenues 0 190
Carried interest allocations    
Revenues    
Total revenues 72,547 113,287
Realized    
Revenues    
Total revenues 28,572 24,404
Unrealized    
Revenues    
Total revenues 43,975 88,883
Legacy Greenspring carried interest allocations    
Revenues    
Total revenues [1] $ 37,171 $ 39,637
[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.