AMZNprintsminutestrendsdividendsdrawdownsP/E 28.4macronarrativesvolatilitybuybackssentiment+0.8%marginsMSFTPMI 52.1momentumdividendsflowsPMI 52.1digeststhreadsvolatilityearnings callsvolumesβ 1.24breakoutsnewsflow2s10sliquidityheadlines−1.2%breakoutsnoiseGOOGLbuybacksrevisionstrendsPMI 52.1briefstickersnoiseGDPsentimentchattertranscriptsGOOGLsentimentvolatilitybuybacksMSFTwhispersMETAsessionsyield curves13FfuturesdowngradesPMI 52.1headlinesthe tapeflowsdowngradesfutures+0.8%earnings callstranscriptsclosesgammacatalystsrevisionsvolatilitysentimentchatter+2.41%earnings callssentimentfilingstrends10y 4.21%cyclesbuybackswiresspx 0dtewhisperstickersQ3trendsnewsflowearnings callsWTI 78.2sentimentnoisethreadsrumorsnarrativesFOMCconsensusestimatesmomentumYoY +18%tickersmomentumprintsβ 1.24revisions

momentumheadlines52w hipositioning2s10sfilingstrendsprintstrendsmacrocyclesnoise2s10smacroQ3narrativesheadlinesflowscyclesnarrativesspreadstranscriptsdowngradesupgradeswhisperswhispersminutesthe tapeNDXfuturesminutesyield curves52w hithe tapeFOMCcatalystsbriefsthe tapeNVDAguidancetrends52w hidrawdowns2s10swhispersmomentumdrawdownsbuybacks

PCEliquiditysentimentbreakoutsdowngradesP/E 28.4threadsAAPLSPXvolatilityNDXflowscyclesliquidityestimatesEPS 4.12

STEP · NASDAQ · Asset Management

StepStone Group (STEP)

Builds customized private-markets portfolios across funds, secondaries, co-investments, and advisory services.

$46.81

vs last close−0.65 (−1.36%)

In millions of USD, except per-share figures

In millions	Q2 FY24Sep 2023	Q3 FY24Dec 2023	Q4 FY24Mar 2024	Q1 FY25Jun 2024	Q2 FY25Sep 2024	Q3 FY25Dec 2024	Q4 FY25Mar 2025	Q1 FY26Jun 2025	Q2 FY26Sep 2025	Q3 FY26Dec 2025	Q4 FY26Mar 2026	Q1 FY27Jun 2026
Revenue	191	−15	357	186	272	339	378	364	454	587	589	379
Cost of revenue	93	−43	201	98	171	655	341	192	247	288	250	0
Gross profit	99	28	156	88	101	−316	37	173	207	298	339	379
	38	62	68	38	39	41	43	232	930	519	359	584
	38	62	68	38	39	41	43	232	930	519	359	53
Selling & marketing	0	0	0	4	4	4	4	0	0	0	0	0
General & administrative	38	62	68	34	35	37	39	232	930	519	359	53
Other expenses	0	0	0	0	0	0	0	0	0	0	0	530
Operating income	61	−34	88	50	62	−357	−6	−59	−723	−221	−20	−205
	6	10	7	5	−4	12	16	39	47	27	20	5
Interest income	1	1	1	2	3	3	3	2	3	2	4	13
Interest expense	2	3	3	3	4	3	3	5	4	5	4	4
Other non-operating income	−8	−12	−10	0	0	0	0	−43	−51	−32	−24	−9
Income before tax	67	−24	95	55	58	−345	10	−20	−676	−195	0	−200
Income tax expense	8	−1	12	7	5	−58	−3	−8	−100	−32	−7	−30
Net income from continuing operations	59	−23	83	48	53	−287	13	−12	−575	−162	7	−170
Net income	26	−20	31	13	18	−192	−19	−38	−366	−123	−8	−116
EPS, basic	$0.42	−$0.32	$0.48	$0.20	$0.26	−$2.61	−$0.24	−$0.49	−$4.66	−$1.55	−$0.10	−$1.41
EPS, diluted	$0.41	−$0.32	$0.48	$0.20	$0.26	−$2.61	−$0.24	−$0.49	−$4.66	−$1.55	−$0.10	−$1.41
Weighted average shares, basic	63	63	64	66	69	74	76	78	79	79	80	82
Weighted average shares, diluted	66	64	67	69	70	74	76	78	79	79	80	82
EBITDA	81	−9	109	61	73	−346	5	−4	−660	−178	16	−196
Depreciation & amortization	12	12	11	11	11	11	11	11	11	11	11	0
EBIT	69	−22	97	50	62	−357	−6	−16	−671	−190	4	−196