StepStone Group Inc. [Rocket]

In millions, except per share items	Mar-31-22	Mar-31-21	Mar-31-20	Mar-31-19	Mar-31-18
	10-K	10-K	10-K	10-K	S-1
Revenues
Service fees	1,365.5	787.7	446.6	256.3	264.3
Service fees growth	73.4%	76.4%	74.3%	-3.0%
Carried interest allocations:
Total revenues	1,365.5	787.7	446.6	256.3	264.3
Total revenues growth	73.4%	76.4%	74.3%	-3.0%
Expenses
Compensation and benefits:
Cash-based compensation	197.5	157.1	130.7	108.3
Equity-based compensation	14.0	7.9	1.9	1.7	0.2

Performance fee-related compensation:
Realized	91.2	30.5	27.0	20.3
Unrealized	312.9	215.5	82.7
Total performance fee-related compensation	404.1	246.0	109.7	31.5
Legacy Greenspring performance fee-related compensation	187.1
Total compensation and benefits	802.7	411.1	242.3	141.5
General, administrative and other	110.5	48.5	52.4	48.3	35.9
Total expenses	913.2	459.5	294.7	189.8	182.7

Other income (expense)
Investment income (loss)	26.2	16.4	6.9	4.1
Interest income	0.3	0.4	1.4	1.5	0.1
Interest expense	-1.1	-7.4	-10.2	-10.3	-0.9
Other income (loss)	2.2	0.2	-1.4	-0.2	0.0
Total other income (expense)	60.2	9.7	-3.2	-4.8
Income (loss) before income tax	512.6	337.8	148.7	61.6
Income tax expense	28.3	23.3	4.0	1.6	2.0
Net income (loss)	484.3	314.6	144.8	60.0

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.	193.9	62.6			83.8

Net income (loss) per share of Class A common stock:
Basic (in dollars per share)	$3.89	$2.11
Diluted (in dollars per share)	$3.84	$2.06

Weighted-average shares of Class A common stock:
Basic (in shares)	49.8	29.7
Diluted (in shares)	53.6	33.3