StepStone Q1 FY27: revenue +4% to $378.9M; net loss widens to -$170.4M on equity comp

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

• high

  Net loss widened to -$170.4M (-1318.4%) from $12.0M profit prior year, driven by $317.3M equity-based compensation expense (up 68% YoY) tied to SPW option liability remeasurement; operating results remained positive.

  MD&A: Equity-based compensation / Notes: Equity-based compensation verify on EDGAR →
• high

  Total capital under management grew 26% to $913B; AUM rose 23% to $245B; focused commingled fund AUM surged 41% to $89B, the fastest-growing category, driven by new fund launches and private wealth fund growth.

  MD&A: Total capital under management verify on EDGAR →
• high

  New $100M stock repurchase program launched March 2026; $19.2M repurchased in Q1 FY27, leaving $72.1M remaining. Quarterly dividend raised 18% to $0.33/share; supplemental dividend up 38% to $0.55/share.

  MD&A: Stock repurchase program / Dividends verify on EDGAR →