↑  Read the latest from the desks  ·  fresh intelligence, published daily✦Quiet reading✦No ads, ever

✦Corporate brand & media services✦Made in Virginia Beach since 1997✦

Stepstone Group: Sound ship (one warning sign)Sound ship

Stepstone Group $STEP

Grew revenue 69.7% in FY2026 to $2.0 billion, equity -6.1% of assets, and dividend per share up 1 year running.

Last filing8-K · Item 5.07 Submission of Matters to a Vote of Security Holders, 8 Sept 2026

Health watchNo warning filings in 12 months
Next year, 80%$2.2B–$3.3B
Growth, on the year69.7%
Operating margin—
Equity of assets−6.1%
Track record0 of 2
Edgarette’s full reading · exposure, experience, soundness, credibility, range

🫧 Edgar looked up STEPSTONE GROUP INC. ($STEP). Last filing: 8-K (5.07 Submission of Matters to a Vote of Security Holders), 2026-09-08. 6 event filings (8-K) in the past twelve months.

🔖 Exposure: revenue $2.0B (FY2026). Experience: revenue up 69.7% on the year, up 9.9% a year over 4 years. Soundness: equity -6.1% of assets (liabilities exceed assets), dividend per share up 1 year running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $2.2B and $3.3B next year (method v3, set from 4,599 SEC company-years; on a year the method never saw, 83% landed inside). A statistical range, not company guidance. Against peers (22 filers, $50M+ revenue, investment advice): growth 69.7% against 7.5%.

Read from its own SEC filings · nothing written, nothing inferred

STEPSTONE GROUP INC. against its own record and its peers
Revenue, on the yearPeer median 7.5%69.7%Equity of assetsPeer median 27.8%-6.1%Gold tick: the median of 29–29 peers with $50M+ revenue in investment advice

Speed and cash · fiscal 2025

Cash Compass⚡ Fast, cash not yet · growing fast, but little cash arriving so far
Inside viewTurns 3.3% of revenue into operating cash; revenue growing 69.7% a year over three years; pays and raised its dividend; liabilities exceed assets.
Outside viewAmong $1B-10B companies: 13th percentile for cash, 99th for growth. cash growth

Both views must agree for a label · a description, not advice.

Cash flow (op · inv · fin · free)$66M · $733M · $37M · $64M
Investment book (cash · short · long)$1.1B · — · —
Revenue swing · equity of assets1.9% · -7.2%

Stepstone Group is growing faster than its size class, with steadier revenue. Its own audited SEC figures.

The figures, as filed

Fiscal year end2026-03-31
Revenue$2.0B
Revenue, on the year69.7%
Revenue, a year over the record9.9%
Operating margin—
Operating margin, prior year—
Net margin−37.3%
Research and developmentnot filed separately
Total debt—
Equity of assets−6.1%
Return on equity—
Payout of profit—
Dividend per share$1.48 · up 1 year running
Earnings per share$-6.78
Book value per share$-5.23
Revenue per share$25.22
Shares outstanding79,039,229
Audited years read5

Peers: the median of 22 filers with $50M+ revenue in investment advice.

Classic signals · fiscal 2026Altman Z″ not covered: built for industrial balance sheets, not banks or insurersPiotroski F 3 of 9 3 of 6 tested 2000Beneish M not covered: built for industrial filersSloan accruals -14.3% earnings backed by cash 1996DuPont ROE needs net income, revenue and two years of assets and equity

What a terminal subscription used to buy, a filing and arithmetic now give anyone. Published method, from the same filings. Display only: nothing here moves the range or its receipt. Why? →

Health HarborStepstone Group sails as: Sound ship

Health watch · 12 monthsquiet · none of the watched events filed

Sailing speed follows growth: 69.7% a year crosses the harbor in 30 seconds.

🌊 Visit the Bay →
  • liabilities exceed assets (often from years of share buybacks, not always distress)

Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an operating loss; negative free cash flow outside regulated utilities; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.

Recent filings

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company

1 · Follow

Follow their filings

Or tap watch on any row above. You get the company’s live filing feed and Edgar’s card. Nothing to sign up for.

On Bluesky: follow Edgar & Edgarette.

2 · Price it

A new leader’s rebrand and launch

Priced live by the same engine as our estimator, from the catalogue at wholesale.

Price the printing · Open the full estimator

✦ Build the kit yourself
3 · Confirm

Check it with Jenny

Most buyers check what they found, or what their AI found, with one person before they commit. That person is the principal.

Jenny Huang Goodman MPA MSc MHSA, Principal

Book a time (757) 390-0424
Independence. Every range, flag and score on these boards is identical for everyone. Clients of POPS4 or Hako Shikin receive no different numbers, no earlier access and no say in what is published. The service lines shown beside each board describe work we do; they never change the data. For reviewers: Method · Terms of use · Status
Free · unsponsored · source-linked

Clean data. No ads. Not now, not later.

Nine boards reading every SEC filing the business day after it lands, from the settled SEC daily index, ten editorial desks publishing daily, an open endpoint other AIs can query, and a 70,000-product house behind all of it. This is the public record end of it.

Every row is a filing.Straight from the company's own SEC document, linked. Nothing written, nothing inferred.
Nobody is watching you read.No ad trackers, no cookies from us. Our page counts are cookieless.
One email, one job.Watch a company and we hold that address for the alert alone. One tap ends it. Never shared, never passed on.
The house pays for this.Corporate event programs, corporate supplies and branded merchandise, since 1997. That is what funds the desks, under the house's own vendor standards.
Free to reuse with credit · CC BY 4.0 · how the boards are built
Data & Disclosure Notice: Edgar and Edgarette are automated software. Every figure on this page is calculated by software from public filings made by companies and funds with the U.S. Securities and Exchange Commission (EDGAR) and is published without individual human review. The accuracy and completeness of those filings are the responsibility of the filers; reports can contain errors and can be amended. Figures are shown as filed and as of each filing's date, and this page may be corrected or updated without notice. Ranges, expected returns, rankings, boats and other measures are statistical descriptions of past filings, not ratings, price forecasts, company guidance or recommendations; past results do not guarantee future results. This is general information published for all readers, not advice tailored to any person's portfolio, needs or circumstances, and nothing here is financial, investment, actuarial, legal, tax or other professional advice. Actuaries and other professionals who use these figures remain responsible for reviewing them for reasonableness and consistency against the original filings and for disclosing their reliance on them. No company, fund or reinsurer pays to be included or ranked. Provided as is, without warranty of any kind. Not affiliated with or endorsed by the SEC or by any company, fund or reinsurer named. All trademarks remain the property of their owners.