STEPSTONE GROUP INC. (STEP) FY2027 Q1 Statement of Cash Flows
2026-04-01 to 2026-06-30
Statement of Cash Flows
2026-04-01 to 2026-06-30
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STEPSTONE GROUP INC. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026
Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Mar 31, 2026
- 1,119,001,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- negative 457,511,000 US dollars. Net cash used. The remaining amount is calculated by subtracting the other displayed items from the operating total. The filing's tagged operating lines do not add up to the operating total; this is the difference. It may combine inflows and outflows.
- Net loss
- negative 170,366,000 US dollars
- Depreciation and amortization
- 11,369,000 US dollars
- Unrealized carried interest allocations and investment income - Consolidated Entities, Excluding Legacy Entities
- negative 53,919,000 US dollars
- Unrealized carried interest allocations and investment income - Non-Controlling Interests in Legacy Greenspring Entities
- negative 31,128,000 US dollars
- Unrealized performance fee-related compensation
- 44,686,000 US dollars
- Amortization of deferred financing costs
- 326,000 US dollars
- Equity-based compensation
- 292,806,000 US dollars
- Change in deferred income taxes
- negative 42,528,000 US dollars
- Unrealized (income) loss on investments of Consolidated Funds
- 10,308,000 US dollars
- Unrealized income from notes payable of Consolidated Funds
- negative 18,098,000 US dollars
- Contributions to investments of Consolidated Funds
- negative 903,683,000 US dollars
- Distributions received from investments of Consolidated Funds
- 289,036,000 US dollars
- Fees and accounts receivable
- 23,576,000 US dollars
- Due from affiliates
- negative 39,869,000 US dollars
- Other assets and receivables - Consolidated Entity, Excluding Consolidated VIE
- negative 2,911,000 US dollars
- Other assets and receivables - Consolidated funds
- 86,363,000 US dollars
- Accounts payable, accrued expenses and other liabilities
- negative 16,901,000 US dollars
- Accrued compensation and benefits
- 34,795,000 US dollars
- Due to affiliates
- 7,038,000 US dollars
- Lease right-of-use assets, net and lease liabilities
- negative 792,000 US dollars
- Other liabilities and payables - Consolidated funds
- negative 14,166,000 US dollars
- Remaining operating cash flows, net (calculated)
- 36,547,000 US dollars
- Investing activities
- 21,402,000 US dollars. Net cash provided.
- Contributions to investments - Consolidated Entities, Excluding Legacy Entities
- negative 11,116,000 US dollars
- Contributions to investments - Non-Controlling Interests in Legacy Greenspring Entities
- negative 200,000 US dollars
- Distributions received from investments - Consolidated Entities, Excluding Legacy Entities
- 5,128,000 US dollars
- Distributions received from investments - Non-Controlling Interests in Legacy Greenspring Entities
- 557,000 US dollars
- Net cash recognized upon initial consolidation of funds
- 27,582,000 US dollars
- Purchases of property and equipment
- negative 549,000 US dollars
- Financing activities
- 19,080,000 US dollars. Net cash provided.
- Proceeds from capital contributions from non-controlling interests - Non-Controlling Interests in Subsidiaries
- 7,703,000 US dollars
- Proceeds from capital contributions from non-controlling interests - Non-Controlling Interests in Legacy Greenspring Entities
- 200,000 US dollars
- Proceeds from capital contributions from non-controlling interests - Consolidated funds
- 143,372,000 US dollars
- Purchase of non-controlling interests
- negative 9,589,000 US dollars
- Distributions to non-controlling interests - Non-Controlling Interests in Subsidiaries
- negative 53,864,000 US dollars
- Distributions to non-controlling interests - Non-Controlling Interests in Legacy Greenspring Entities
- negative 731,000 US dollars
- Distributions to non-controlling interests - Consolidated funds
- negative 276,296,000 US dollars
- Dividends paid to common stockholders
- negative 68,618,000 US dollars
- Payments for repurchases of Class A common stock
- negative 19,221,000 US dollars
- Payments to related parties under Tax Receivable Agreements
- negative 16,205,000 US dollars
- Other financing activities
- negative 1,000 US dollars
- Issuance of notes payable - Consolidated funds
- 31,344,000 US dollars
- Proceeds from borrowings on fund credit facilities - Consolidated funds
- 241,102,000 US dollars
- Payments on fund credit facilities - Consolidated funds
- negative 25,275,000 US dollars
- Payment of debt issuance costs on fund credit facilities - Consolidated funds
- negative 4,855,000 US dollars
- Contributions from redeemable non-controlling interests in Consolidated Funds - Consolidated funds
- 72,005,000 US dollars
- Redemptions of redeemable non-controlling interests in Consolidated Funds - Consolidated funds
- negative 1,991,000 US dollars
- Operating adjustment reconciliation
- 1,294,361,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
- financing gross reconciliation
- 495,726,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 33,267,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- 1,129,000 US dollars
- Ending cash on Jun 30, 2026
- 703,101,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 1,160,612,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- negative 415,900,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
- Operating cash flow
- negative 457,511,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 549,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- negative 458,060,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net loss −$170.37M − net operating adjustments $287.15M = operating cash −$457.51M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: negative 457,511,000 US dollars minus 549,000 US dollars equals negative 458,060,000 US dollars.
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