StepStone Group Inc. reported its financial results for the third quarter of fiscal year 2025, which ended December 31, 2024. The company posted total revenues of $339.0 million for the quarter.
A GAAP net loss attributable to StepStone Group Inc. of $(287.2) million was reported for the quarter, resulting in a basic loss per share of $(2.61). Despite the GAAP loss, non-GAAP Fee-Related Earnings (FRE) reached $74.1 million, and Adjusted Net Income (ANI) per share was $0.44.
As of December 31, 2024, StepStone's assets under management (AUM) stood at $179.2 billion, with total capital responsibility at approximately $698 billion. The Board of Directors declared a quarterly cash dividend of $0.24 per share of Class A common stock, payable on March 14, 2025.
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