StepStone (STEP) Accumulated Expenses (2020 - 2025)

StepStone (STEP) has 6 years of Accumulated Expenses data on file, last reported at $2.4 billion in Q4 2025.

• For the quarter ending Q4 2025, Accumulated Expenses rose 248.28% year-over-year to $2.4 billion; the trailing twelve-month figure through Dec 2025 stood at $2.4 billion (up 248.28% YoY), and the FY2025 full-year result was $736.7 million, up 625.94% from the prior year.
• Accumulated Expenses for Q4 2025 stood at $2.4 billion, up from $1.8 billion in the prior quarter.
• Across five years, Accumulated Expenses topped out at $2.4 billion in Q4 2025 and bottomed at $34.2 million in Q1 2021.
• The 5-year median for Accumulated Expenses is $97.0 million (2023), against an average of $393.7 million.
• The widest annual swing landed in 2022, when Accumulated Expenses increased 15.23%; it then jumped 941.42% in 2025.
• A 5-year view of Accumulated Expenses shows it stood at $60.3 million in 2021, then soared by 30.89% to $78.9 million in 2022, then surged by 66.91% to $131.7 million in 2023, then surged by 424.02% to $690.3 million in 2024, then surged by 248.28% to $2.4 billion in 2025.
• The last three Accumulated Expenses figures came in at $2.4 billion (Q4 2025), $1.8 billion (Q3 2025), and $943.0 million (Q2 2025), per Business Quant data.

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