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Income Statement
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StepStone Group Inc.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Dec-31-22Sep-30-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21
   10-Q10-Q10-Q10-Q10-K10-Q10-Q10-Q
Revenues          
Service fees  178.0-4.2-158.5-77.2364.7410.5281.8308.6
            Service fees growth  -330.5%-101.0%-156.3%-125.0%1.6%66.1%16.0%-602.5%
Carried interest allocations:          
    Total revenues  178.0-4.2-158.5-77.2364.7410.5281.8308.6
            Total revenues growth  -330.5%-101.0%-156.3%-125.0%1.6%66.1%16.0%-602.5%
Expenses          
Compensation and benefits:          
Cash-based compensation  70.162.659.560.159.351.743.942.7
Equity-based compensation  8.58.13.83.73.63.43.23.7
   
Performance fee-related compensation:          
Realized  9.111.713.641.75.134.026.825.3
Unrealized  24.2-31.9-86.1-54.684.868.474.285.6
    Total performance fee-related compensation  33.3-20.1-72.5-12.889.8102.4101.0110.9
Legacy Greenspring performance fee-related compensation  -23.9-88.9-128.7-153.682.1105.0  
    Total compensation and benefits  87.9-38.3-137.9-102.7234.9262.4148.1157.3
General, administrative and other  33.343.633.734.238.430.325.316.4
    Total expenses  121.2-38.3-104.2-68.4273.3292.7173.4173.7
   
Other income (expense)          
Investment income (loss)  3.1-0.7-3.7-1.15.37.27.26.4
Legacy Greenspring investment loss  -2.9  -8.6    
Investment income of Consolidated Funds  2.44.9      
Interest income  0.40.70.40.00.00.00.20.1
Interest expense  -2.0-1.1-0.8-0.6-0.5-0.5-0.10.0
Other income (loss)  0.20.4-0.6-1.14.9-0.3-2.0-0.4
    Total other income (expense)  1.2-4.8-20.1-11.424.524.35.46.1
    Income (loss) before income tax  58.0-14.3-74.5-20.2115.8142.1113.7140.9
Income tax expense  8.6-0.7-7.41.312.215.8-14.114.4
    Net income (loss)  49.4-13.6-67.1-21.5103.6126.3127.9126.5
   
Less: Net income attributable to non-controlling interests          
Less: Net income attributable to redeemable non-controlling interests in Consolidated Funds          
    Net income (loss) attributable to StepStone Group Inc.  21.3-6.9-29.2-11.041.848.362.141.7
   
Net income (loss) per share of Class A common stock:          
Basic (in dollars per share)  $0.34($0.11)($0.48)($0.18)$0.60$0.84$1.49$1.07
Diluted (in dollars per share)  $0.34($0.11)($0.48)($0.18)$0.62$0.83$1.45$1.06
   
Weighted-average shares of Class A common stock:          
Basic (in shares)  62.862.261.461.149.857.941.739.0
Diluted (in shares)  65.762.261.461.153.661.545.942.9

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