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StepStone Group (STEP) Releases Q3 2026 Earnings: Revenue Soars but EPS Miss and Large Losses

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StepStone Group Inc. (STEP) reported Q3 2026 results showing a sharp top-line increase: revenue reached $586.5 million, up 259.4% year‑over‑year, while gross profit rose to $586.5 million, up 2400.1% year‑over‑year.

  • Operating loss of -$221.3 million, down 2022.2% year‑over‑year.
  • Net loss attributable to common shareholders of -$123.5 million, a decline of 2634.6% year‑over‑year.
  • Diluted earnings per share of -$1.55, down 1822.2% year‑over‑year.
  • The company beat analyst revenue expectations, delivering $586.5 million versus an estimated $402.8 million, but missed on earnings per share versus an estimate of $0.65.

  • Cash from operating activities rose 60.9% year‑over‑year to $27.2 million.
  • Capital expenditures (purchases of property, plant and equipment) were -$432,000, down 96.8% year‑over‑year.
  • On the balance sheet, cash and cash equivalents increased sharply to $111.4 million (up 6076.2% year‑over‑year), while total liabilities expanded to $4.72 billion (up 3223.0% year‑over‑year).

    Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

    StepStone Group Inc. Insider Trading Activity

    STEP Insider Trades

    StepStone Group Inc. insiders have traded $STEP stock on the open market 19 times in the past 6 months. Of those trades, 0 have been purchases and 19 have been sales.

    Here’s a breakdown of recent trading of $STEP stock by insiders over the last 6 months:

    • JOSE A FERNANDEZ (Co-Chief Operating Officer) has made 0 purchases and 7 sales selling 211,210 shares for an estimated $13,120,535.
    • MICHAEL I MCCABE (Head of Strategy) has made 0 purchases and 3 sales selling 192,052 shares for an estimated $12,709,728.
    • SCOTT W HART (Chief Executive Officer) has made 0 purchases and 8 sales selling 60,000 shares for an estimated $3,908,666.
    • DAVID Y PARK (Chief Financial Officer) sold 1,000 shares for an estimated $63,260

    To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

    StepStone Group Inc. Hedge Fund Activity

    We have seen 143 institutional investors add shares of StepStone Group Inc. stock to their portfolio, and 111 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

    StepStone Group Inc. Analyst Ratings

    Wall Street analysts have issued reports on $STEP in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

    Here are some recent analyst ratings:

    • Oppenheimer issued a "Outperform" rating on 10/14/2025
    • Goldman Sachs issued a "Buy" rating on 09/18/2025

    To track analyst ratings and price targets for StepStone Group Inc., check out Quiver Quantitative's $STEP forecast page.

    StepStone Group Inc. Price Targets

    Multiple analysts have issued price targets for $STEP recently. We have seen 8 analysts offer price targets for $STEP in the last 6 months, with a median target of $75.0.

    Here are some recent targets:

    • John Dunn from Evercore ISI Group set a target price of $76.0 on 01/22/2026
    • Benjamin Budish from Barclays set a target price of $71.0 on 12/12/2025
    • Kenneth Worthington from JP Morgan set a target price of $84.0 on 11/04/2025
    • Michael Cyprys from Morgan Stanley set a target price of $66.0 on 10/21/2025
    • Chris Kotowski from Oppenheimer set a target price of $83.0 on 10/14/2025
    • Brennan Hawken from BMO Capital set a target price of $74.0 on 10/03/2025
    • Keith Mackey from RBC Capital set a target price of $5.5 on 09/29/2025

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