Latest revenue
$586.5M
as of 2025-12-31
Latest net income
$-123.5M
as of 2025-12-31
Net margin
-21.0%
as of 2025-12-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- —
- Enterprise value
- —
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 2.8%
- 52-wk high
- $77.80
- 52-wk low
- $40.58
- Beta
- —
- Shares out
- —
5-year trend
dashed bar = fiscal Q4 derived from 10-K annual − Q1 − Q2 − Q3 (SEC requires only three 10-Qs per year).
What this company does
Item 1. Business. Our Company We are a global private markets investment firm focused on providing customized investment solutions and advisory and data services to our clients. Our clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. We partner with our clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset…
AI summary unavailable — showing raw filing excerpt
Generated from STEP's filing dated 2025-05-23
Key risks
Table of Contents Item 1A. Risk Factors. Investing in our securities involves uncertainty and risk due to a variety of factors. You should carefully consider the risks described below with all of the other information included in this annual report on Form 10-K. Some of the factors, events, and contingencies discussed below may have occurred in the past, and the disclosures below are not representations as to whether or not the factors, events, or contingencies have occurred in the past, but are provided because future occurrences of such factors, events, or contingencies could have a material adverse effect on our business, growth, reputation, prospects, financial condition, results of…
AI summary unavailable — showing raw filing excerpt
Generated from STEP's filing dated 2025-05-23
Profitability
Net margin
-15.3%
287.2%Return on equity
-100.1%
659.2%Return on assets
-3.9%
355.3%Leverage
Debt / equity
24.57×
130.2%Long-term debt / equity
1.50×
227.3%Debt / assets
96.1%
5.1%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q4 2025 2025-12-31 | $586.5M | +73.0% | $-123.5M | +23.3% | -21.0% |
Q3 2025 2025-09-30 | $454.2M | +67.2% | $-366.1M | -2176.6% | -80.6% |
Q2 2025 2025-06-30 | $364.3M | +95.4% | $-38.4M | -388.3% | -10.5% |
Q1 2025 2025-03-31 | $377.7M | -4.8% | $-49.5M | -260.5% | -13.1% |
Q4 2024 2024-12-31 | $339.0M | +2420.2% | $-161.1M | -696.3% | -47.5% |
Q3 2024 2024-09-30 | $271.7M | +41.9% | $17.6M | -32.8% | 6.5% |
Q2 2024 2024-06-30 | $186.4M | +35.0% | $13.3M | -37.3% | 7.2% |
Q1 2024 2024-03-31 | $396.7M | — | $30.8M | — | 7.8% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Investment Advice · SIC 6282
Your notes
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Insider activity
Insider buying
$565.8K
Insider selling
$54.9M
Net activity
−$54.4M
Distinct insiders
6
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns STEP
Institutional value
$1.99B
Total shares held
41.1M
Distinct holders
154
-107 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 11.8M | $564.4M | +1.2M (+11.3%) | Added |
| 2 | Pitcairn Wealth Advisors LLC | 4.0M | $259.3M | +0 (+0.0%) | No change |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 4.5M | $214.0M | — | New |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 3.5M | $168.3M | — | New |
| 5 | Capital World Investors | 3.3M | $156.1M | +214.7K (+7.0%) | Added |
| 6 | WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 1.9M | $91.4M | +1.2M (+185.7%) | Added |
| 7 | JPMORGAN CHASE & CO | 1.5M | $68.8M | +314.4K (+27.0%) | Added |
| 8 | WESTFIELD CAPITAL MANAGEMENT CO LP | 1.2M | $56.2M | +391.5K (+49.8%) | Added |
| 9 | FRANKLIN RESOURCES INC | 977.4K | $46.6M | -205.4K (-17.4%) | Trimmed |
| 10 | WASATCH ADVISORS LP | 921.7K | $44.0M | +4.3K (+0.5%) | Added |
| 11 | Capital Research Global Investors | 794.9K | $37.9M | +0 (+0.0%) | No change |
| 12 | UBS Group AG | 520.4K | $24.8M | +157.1K (+43.2%) | Added |
| 13 | VANGUARD FIDUCIARY TRUST CO | 514.0K | $24.5M | — | New |
| 14 | Invesco Ltd. | 500.7K | $23.9M | -3.5M (-87.5%) | Trimmed |
| 15 | Bank of New York Mellon Corp | 491.7K | $23.5M | -13.9K (-2.8%) | Trimmed |
| 16 | TimesSquare Capital Management, LLC | 390.8K | $18.6M | +37.1K (+10.5%) | Added |
| 17 | PRINCIPAL FINANCIAL GROUP INC | 360.3K | $17.2M | +12.3K (+3.5%) | Added |
| 18 | Nuveen, LLC | 299.4K | $14.3M | +557 (+0.2%) | Added |
| 19 | Public Sector Pension Investment Board | 263.8K | $12.6M | +11.8K (+4.7%) | Added |
| 20 | WELLS FARGO & COMPANY/MN | 223.0K | $10.6M | -49.9K (-18.3%) | Trimmed |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once STEP's latest filing finishes processing.