StepStone Group Inc. reported its financial results for the second quarter of fiscal year 2025, which ended September 30, 2024. The company announced total revenues of $271.7 million for the quarter, alongside a net income of $53.1 million.
Basic earnings per share (EPS) for the quarter stood at $0.26, while Adjusted Net Income (ANI) per share was $0.45. Fee-Related Earnings (FRE) reached $72.3 million, indicating strong recurring revenue generation from its core business operations.
As of September 30, 2024, StepStone's assets under management (AUM) totaled $176.1 billion, with total capital responsibility reaching approximately $682 billion. The Board of Directors also declared a quarterly cash dividend of $0.24 per share of Class A common stock, payable on December 13, 2024.
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