StepStone (STEP) EBITDA (2019 - 2025)
StepStone's (STEP) quarterly EBITDA came in at -$532.2 million in Q3 2025, down 639.51% YoY from $98.6 million in Q3 2024, and down 516.41% on a QoQ basis from $127.8 million in Q2 2025.
StepStone (STEP) EBITDA (2019 - 2025) Analysis & Trends
StepStone (STEP) has 7 years of EBITDA data on file, last reported at -$532.2 million in Q3 2025.
- Quarterly EBITDA fell 639.51% year-over-year to -$532.2 million in Q3 2025, while the trailing twelve-month figure through Sep 2025 was -$692.3 million (down 227.25% YoY) and the FY2025 annual result came in at -$162.0 million, down 177.53% from the prior year.
- EBITDA slipped to -$532.2 million in Q3 2025, from $127.8 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $223.8 million in Q4 2021 to a low of -$532.2 million in Q3 2025.
- A 5-year average of $67.6 million and a median of $119.5 million in 2022 frame the typical range for EBITDA.
- Annual changes were most pronounced in 2023 — EBITDA soared 1410.04% — and 2025, when it plunged 639.51%.
- Tracing STEP's EBITDA over 5 years: stood at $223.8 million in 2021, then sank by 31.16% to $154.1 million in 2022, then slipped by 11.59% to $136.2 million in 2023, then slumped by 323.11% to -$304.0 million in 2024, then plunged by 75.09% to -$532.2 million in 2025.
- The last three EBITDA figures came in at -$532.2 million (Q3 2025), $127.8 million (Q2 2025), and $16.0 million (Q1 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.29 Bn | 165.42 Bn | - | 2.46 Bn |
| 2 | Blackstone | 114.53 Bn | 112.02 Bn | - | 2.95 Bn |
| 3 | Kkr | 96.64 Bn | -180.43 Bn | - | 2.04 Bn |
| 4 | Brookfield | 93.26 Bn | 45.85 Bn | - | - |
| 5 | Brookfield Asset Management | 83.47 Bn | 81.97 Bn | - | 1.39 Bn |
| 6 | Apollo Global Management | 78.22 Bn | 52.85 Bn | 10.54 Bn | 5.35 Bn |
| 7 | State Street | 51.53 Bn | 51.53 Bn | - | 3.37 Bn |
| 8 | Ameriprise Financial | 51.10 Bn | 40.05 Bn | 4.72 Bn | 1.22 Bn |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - | 1.18 Bn |
| 10 | StepStone | 3.95 Bn | 3.04 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | -532.21 Mn |
| Jun 30, 2025 | 127.81 Mn |
| Mar 31, 2025 | 16.02 Mn |
| Dec 31, 2024 | -303.96 Mn |
| Sep 30, 2024 | 98.65 Mn |
| Jun 30, 2024 | 212.03 Mn |
| Mar 31, 2024 | 97.16 Mn |
| Dec 31, 2023 | 136.24 Mn |
| Sep 30, 2023 | 108.69 Mn |
| Jun 30, 2023 | 222.07 Mn |
| Mar 31, 2023 | 64.66 Mn |
| Dec 31, 2022 | 154.09 Mn |
| Sep 30, 2022 | 7.20 Mn |
| Jun 30, 2022 | 21.55 Mn |
| Mar 31, 2022 | 119.51 Mn |
| Dec 31, 2021 | 223.84 Mn |
| Sep 30, 2021 | 197.95 Mn |
| Jun 30, 2021 | 150.87 Mn |
| Mar 31, 2021 | 162.87 Mn |
| Dec 31, 2020 | 154.74 Mn |