StepStone (STEP) EBITDA (2019 - 2025)
StepStone posted quarterly EBITDA of -$123.5 million for Q4 2025, up 56.96% year-on-year from -$78.7 million in Q4 2024, and up 81.6% on a QoQ basis from -$671.4 million in Q3 2025.
StepStone (STEP) has 7 years of EBITDA data on file, last reported at -$123.5 million in Q4 2025.
- For the quarter ending Q4 2025, EBITDA rose 56.96% year-over-year to -$123.5 million; the trailing twelve-month figure through Dec 2025 stood at -$797.6 million (down 1030.41% YoY), and the FY2025 full-year result was -$209.3 million, down 202.25% from the prior year.
- EBITDA for Q4 2025 stood at -$123.5 million, up from -$671.4 million in the prior quarter.
- Across five years, EBITDA topped out at $162.9 million in Q1 2021 and bottomed at -$671.4 million in Q3 2025.
- The 5-year median for EBITDA is $58.9 million (2023), against an average of -$6.1 million.
- The widest annual swing landed in 2023, when EBITDA jumped 406.43%; it then plunged 1229.72% in 2024.
- A 5-year view of EBITDA shows it stood at $142.6 million in 2021, then tumbled by 109.24% to -$13.2 million in 2022, then plunged by 63.78% to -$21.6 million in 2023, then slumped by 1229.72% to -$287.0 million in 2024, then surged by 56.96% to -$123.5 million in 2025.
- The last three EBITDA figures came in at -$123.5 million (Q4 2025), -$671.4 million (Q3 2025), and -$15.8 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 2.81 Bn |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 1.59 Bn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 1.99 Bn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 733.00 Mn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 79.00 Mn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 2.79 Bn |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 901.00 Mn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 2.28 Bn |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 363.68 Mn |
| 10 | StepStone | 3.79 Bn | 4.63 Bn | - | -123.51 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -123.51 Mn |
| Sep 30, 2025 | -671.40 Mn |
| Jun 30, 2025 | -15.82 Mn |
| Mar 31, 2025 | 13.14 Mn |
| Dec 31, 2024 | -286.95 Mn |
| Sep 30, 2024 | 61.40 Mn |
| Jun 30, 2024 | 57.83 Mn |
| Mar 31, 2024 | 97.16 Mn |
| Dec 31, 2023 | -21.58 Mn |
| Sep 30, 2023 | 69.09 Mn |
| Jun 30, 2023 | 60.06 Mn |
| Mar 31, 2023 | 69.18 Mn |
| Dec 31, 2022 | -13.18 Mn |
| Sep 30, 2022 | -73.67 Mn |
| Jun 30, 2022 | -19.60 Mn |
| Mar 31, 2022 | 116.32 Mn |
| Dec 31, 2021 | 142.62 Mn |
| Sep 30, 2021 | 113.81 Mn |
| Jun 30, 2021 | 140.95 Mn |
| Mar 31, 2021 | 162.87 Mn |
| Dec 31, 2020 | 116.96 Mn |
| Sep 30, 2020 | 114.52 Mn |
| Jun 30, 2020 | -49.15 Mn |
| Mar 31, 2020 | 53.93 Mn |
| Dec 31, 2019 | 20.67 Mn |
| Sep 30, 2019 | 49.98 Mn |