StepStone Group Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 24, 2023 at 09:05 pm
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StepStone Group Inc. reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported revenue was USD 172.37 million compared to USD 364.69 million a year ago. Net income was USD 28.8 million compared to USD 41.82 million a year ago. Basic earnings per share from continuing operations was USD 0.46 compared to USD 0.69 a year ago. Diluted earnings per share from continuing operations was USD 0.46 compared to USD 0.69 a year ago.
For the full year, negative revenue was USD 67.57 million compared to revenue of USD 1,365.53 million a year ago. Net loss was USD 18.4 million compared to net income of USD 193.89 million a year ago. Basic loss per share from continuing operations was USD 0.3 compared to basic earnings per share from continuing operations of USD 3.89 a year ago. Diluted loss per share from continuing operations was USD 0.3 compared to diluted earnings per share from continuing operations of USD 3.84 a year ago.
StepStone Group Inc. is a private markets investment firm. It is focused on providing customized investment solutions and advisory, data and administrative services to its clients. The Company partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes. Its portfolios utilize several types of synergistic investment strategies with third-party fund managers, including commitments to funds, acquiring stakes in existing funds on the secondary market and investing directly into companies. Its solutions are offered across various commercial structures, including separately managed accounts, focused commingled funds, advisory, data and administrative services, and portfolio analytics and reporting. Its advisory, data and administrative services include recurring support of portfolio construction and design, and discrete or project-based due diligence.
STEPSTONE GROUP LP 
