StepStone Group Inc. (STEP) Revenue-to-Profit Sankey Flow & SEC XBRL Financials
StepStone Group Inc. (STEP) carries a Roarable Rating of C (Hold) with 65/100 RQD Confidence. The underlying business is intact, so current owners don’t need to panic-sell—but mixed big-money flow or rich pricing means new buyers can afford to wait for either a pullback or a B-or-higher upgrade.
How STEP Turns Every Dollar of Sales Into Real Bottom-Line Profit
Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory
| Fiscal Year | Revenue | Gross Margin | Op Margin | Net Profit | Free Cash Flow | ROIC % |
|---|---|---|---|---|---|---|
| FY 2025 | $1.99B | 44% | -44% | -$743.3M | $63.9M | -45% |
| FY 2024 | $1.17B | 44% | -17.4% | -$172.8M | $59.8M | -17.8% |
| FY 2023 | $711.6M | 44% | 27.8% | $167.8M | $129.5M | 8.8% |
Red-Light Warning Desk: How Pros Profit When Overhyped Stocks Crack (Featuring STEP)
- ✓Live walkthrough of STEP's RQD Radar, SEC cash-conversion gap & downside levels
- ✓3 asymmetric Bear/Hedge setups institutions use when 10-year yields stay elevated
- ✓Includes instant 24/7 email alert whenever any of your stocks flip to Red
STEP Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure
Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).
vs. +69.7% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).
No active Ellis Vennor swing setup published on STEP today. View full Setup Ledger →
No direct multi-tier Butterfly edges indexed yet for STEP. Explore sector supply chains on /butterfly.
STEP Investor FAQ & Complete 8-Part Research Index
100% OPEN ACCESS • SEC EDGAR × CBOE × FREDHow profitable is StepStone Group Inc. (STEP)?
In FY 2025 (10-K), STEP converted $2.0B of revenue into a 44% gross margin, 0% operating margin, and $63.9M in free cash flow (3.2% FCF margin).