StepStone (STEP) EBITDA (2019 - 2025)

StepStone's EBITDA history runs 7 years deep, the most recent figure standing at -$532.2 million for 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 -$703.1 million (down 230.79% YoY) and the FY2025 annual result came in at -$162.0 million, down 177.53% from the prior year.
• EBITDA was -$532.2 million for Q3 2025 at StepStone, down from $127.8 million in the prior quarter.
• Across five years, EBITDA topped out at $223.8 million in Q4 2021 and bottomed at -$532.2 million in Q3 2025.
• A 5-year average of $67.1 million and a median of $118.8 million in 2022 frame the typical range for EBITDA.
• Annual changes were most pronounced in 2023 — EBITDA soared 1410.04% — and 2025, when it tumbled 639.51%.
• StepStone's EBITDA stood at $223.8 million in 2021, then tumbled by 31.16% to $154.1 million in 2022, then declined by 11.59% to $136.2 million in 2023, then plunged by 323.11% to -$304.0 million in 2024, then slumped by 75.09% to -$532.2 million in 2025.
• Business Quant data shows STEP's EBITDA at -$532.2 million in Q3 2025, $127.8 million in Q2 2025, and $5.3 million in Q1 2025.