StepStone (STEP) EBT (2019 - 2025)
StepStone (STEP) recorded EBT of -$675.83 million in fiscal Q2 2026 (quarter ended Sep 30, 2025), compared with $57.89 million a year earlier.
StepStone (STEP) EBT (2019 - 2025) Analysis & Trends
On a TTM basis, StepStone's EBT came in at -$1.03 billion as of Sep 30, 2025; for FY2025 (ended Mar 31, 2025), it came in at -$222.04 million.
- Across earlier fiscal years, EBT came in at $195.4 million in FY2024, -$41.45 million in FY2023, $512.58 million in FY2022 (+51.7%) and $337.85 million in FY2021 (+127.1%).
- The fiscal Q2 2026 figure is the lowest quarterly EBT in data going back to fiscal Q2 2020.
- On a year-over-year basis, EBT rose in 1 of the last four quarters, with an average decline of 17.1%.
- Peak year-over-year performance for EBT in the last five years was growth of 541.4% in fiscal Q3 2021, against a decline of 89.5% in fiscal Q4 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at -$20.35 million (Q1 2026), $9.95 million (Q4 2025) and -$344.72 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 165.57 Bn | 111.92 Bn | - | 2.72 Bn |
| 2 | Spdr Gold Trust | 134.78 Bn | -423.22 Bn | - | - |
| 3 | Blackstone | 85.82 Bn | 80.74 Bn | - | 2.81 Bn |
| 4 | Kkr | 83.68 Bn | 50.16 Bn | - | 1.37 Bn |
| 5 | Brookfield | 82.01 Bn | -83.38 Bn | 4.47 Bn | -10.18 Bn |
| 6 | Brookfield Asset Management | 71.83 Bn | 68.08 Bn | - | 1.33 Bn |
| 7 | Apollo Global Management | 68.53 Bn | 6.22 Bn | 10.56 Bn | 2.49 Bn |
| 8 | Wheaton Precious Metals | 61.44 Bn | 56.87 Bn | 687.86 Mn | 676.13 Mn |
| 9 | Franco Nevada | 47.81 Bn | 45.18 Bn | 451.00 Mn | 452.80 Mn |
| 10 | StepStone | 5.14 Bn | 4.44 Bn | - | - |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | -675.83 Mn |
| Jun 30, 2025 | -20.35 Mn |
| Mar 31, 2025 | 9.95 Mn |
| Dec 31, 2024 | -344.72 Mn |
| Sep 30, 2024 | 57.89 Mn |
| Jun 30, 2024 | 54.84 Mn |
| Mar 31, 2024 | 94.52 Mn |
| Dec 31, 2023 | -24.14 Mn |
| Sep 30, 2023 | 66.98 Mn |
| Jun 30, 2023 | 58.04 Mn |
| Mar 31, 2023 | 67.51 Mn |
| Dec 31, 2022 | -14.29 Mn |
| Sep 30, 2022 | -74.49 Mn |
| Jun 30, 2022 | -20.19 Mn |
| Mar 31, 2022 | 115.84 Mn |
| Dec 31, 2021 | 142.08 Mn |
| Sep 30, 2021 | 113.72 Mn |
| Jun 30, 2021 | 140.94 Mn |
| Mar 31, 2021 | 162.87 Mn |
| Dec 31, 2020 | 116.94 Mn |
StepStone EBT 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=ebt&ticker=STEP&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt", "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=ebt&ticker=STEP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();