StepStone (STEP) Cash from Operations (2019 - 2025)
StepStone (STEP) reported Cash from Operations of $27.16 million for fiscal Q3 2026 (quarter ended Dec 31, 2025), down 1.5% from $27.59 million a year earlier but up 67.2% from the prior quarter.
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Analysis
StepStone (STEP) Cash from Operations (2019 - 2025) Analysis & Trends
Over the twelve months ended Dec 31, 2025, StepStone's Cash from Operations came in at $23.16 million, down 83.3% year-over-year; for FY2025 (ended Mar 31, 2025), it came in at $64.93 million, down 59.8% from FY2024.
- Cash from Operations has a five-year compound annual growth rate of -0.3% (FY2020 to FY2025).
- By fiscal year, Cash from Operations came in at $161.52 million in FY2024 (+6.8%), $151.18 million in FY2023 (-29.4%), $214.28 million in FY2022 (+43.5%) and $149.3 million in FY2021 (+126.5%).
- Five-year quarterly Cash from Operations spans a low of -$66.52 million in fiscal Q4 2025 and a high of $88.23 million in fiscal Q2 2023.
- Year over year, Cash from Operations has now declined in each of the last three quarters, with an average decline of 17.8% over the last six quarters.
- The high point for year-over-year Cash from Operations in five years was fiscal Q3 2024 (growth of 320.7%); the low point was fiscal Q3 2023 (a decline of 87.1%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $16.24 million (Q2 2026), $46.28 million (Q1 2026) and -$66.52 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 165.57 Bn | 111.92 Bn | - | 1.23 Bn |
| 2 | Spdr Gold Trust | 134.78 Bn | -423.22 Bn | - | - |
| 3 | Blackstone | 85.82 Bn | 80.74 Bn | - | 1.94 Bn |
| 4 | Kkr | 83.68 Bn | 50.16 Bn | - | 3.25 Bn |
| 5 | Brookfield | 82.01 Bn | -83.38 Bn | 4.47 Bn | - |
| 6 | Brookfield Asset Management | 71.83 Bn | 68.08 Bn | - | 545.00 Mn |
| 7 | Apollo Global Management | 68.53 Bn | 6.22 Bn | 10.56 Bn | 2.88 Bn |
| 8 | Wheaton Precious Metals | 61.44 Bn | 56.87 Bn | 687.86 Mn | 649.52 Mn |
| 9 | Franco Nevada | 47.81 Bn | 45.18 Bn | 451.00 Mn | 482.50 Mn |
| 10 | StepStone | 5.14 Bn | 4.44 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 27.16 Mn |
| Sep 30, 2025 | 16.24 Mn |
| Jun 30, 2025 | 46.28 Mn |
| Mar 31, 2025 | -66.52 Mn |
| Dec 31, 2024 | 27.59 Mn |
| Sep 30, 2024 | 53.70 Mn |
| Jun 30, 2024 | 50.17 Mn |
| Mar 31, 2024 | 7.63 Mn |
| Dec 31, 2023 | 25.18 Mn |
| Sep 30, 2023 | 71.13 Mn |
| Jun 30, 2023 | 57.59 Mn |
| Mar 31, 2023 | -516,000.00 |
| Dec 31, 2022 | 5.99 Mn |
| Sep 30, 2022 | 88.23 Mn |
| Jun 30, 2022 | 57.48 Mn |
| Mar 31, 2022 | 32.30 Mn |
| Dec 31, 2021 | 46.48 Mn |
| Sep 30, 2021 | 59.77 Mn |
| Jun 30, 2021 | 75.73 Mn |
| Mar 31, 2021 | 29.00 Mn |
API Access
StepStone Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=STEP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "STEP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=STEP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();