StepStone (STEP) Intangibles (2020 - 2025)

StepStone (STEP) reported Intangibles of $233.3 million for Q4 2025, down 14.91% on a YoY basis from $274.1 million in Q4 2024, and down 4.19% quarter-over-quarter from $243.5 million in Q3 2025.

StepStone (STEP) Intangibles (2020 - 2025) Analysis & Trends

StepStone has reported Intangibles for 6 years, with the latest figure at $233.3 million in Q4 2025.

  • For the quarter ending Q4 2025, Intangibles fell 14.91% year-over-year to $233.3 million; the trailing twelve-month figure through Dec 2025 stood at $233.3 million (down 14.91% YoY), and the FY2025 full-year result was $263.9 million, down 13.45% from the prior year.
  • Intangibles for Q4 2025 stood at $233.3 million, down from $243.5 million in the prior quarter.
  • The five-year high for Intangibles was $420.1 million in Q3 2021, with the low at $4.9 million in Q2 2021.
  • Historically, Intangibles has averaged $293.3 million across 5 years, with a median of $310.1 million in 2023.
  • Annual changes were most pronounced in 2021 — Intangibles plunged 37.81% — and 2022, when it jumped 7851.85%.
  • StepStone's Intangibles stood at $409.2 million in 2021, then slipped by 10.67% to $365.5 million in 2022, then dropped by 13.74% to $315.3 million in 2023, then slipped by 13.06% to $274.1 million in 2024, then slipped by 14.91% to $233.3 million in 2025.
  • The last three Intangibles figures came in at $233.3 million (Q4 2025), $243.5 million (Q3 2025), and $253.7 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Intangibles (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - 20.43 Bn
2 Blackstone 96.85 Bn 95.80 Bn - 122.32 Mn
3 Kkr 86.45 Bn 133.96 Bn - 5.93 Bn
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn -
5 State Street 46.95 Bn 21.27 Bn - -
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn -
7 Northern Trust 31.92 Bn 31.92 Bn - -
8 Raymond James Financial 30.62 Bn 19.37 Bn - -
9 Ares Management 29.04 Bn 32.41 Bn - 777.40 Mn
10 StepStone 3.56 Bn 4.40 Bn - 233.25 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 233.25 Mn
Sep 30, 2025 243.46 Mn
Jun 30, 2025 253.67 Mn
Mar 31, 2025 263.87 Mn
Dec 31, 2024 274.12 Mn
Sep 30, 2024 284.37 Mn
Jun 30, 2024 294.62 Mn
Mar 31, 2024 304.87 Mn
Dec 31, 2023 315.30 Mn
Sep 30, 2023 333.32 Mn
Jun 30, 2023 343.98 Mn
Mar 31, 2023 354.65 Mn
Dec 31, 2022 365.52 Mn
Sep 30, 2022 376.39 Mn
Jun 30, 2022 387.26 Mn
Mar 31, 2022 398.13 Mn
Dec 31, 2021 409.17 Mn
Sep 30, 2021 420.13 Mn
Jun 30, 2021 4.87 Mn
Mar 31, 2021 5.49 Mn