StepStone (STEP) Operating Expenses (2019 - 2025)

StepStone (STEP) has 7 years of Operating Expenses data on file, last reported at $1.2 billion in Q3 2025.

• For the quarter ending Q3 2025, Operating Expenses rose 433.3% year-over-year to $1.2 billion; the trailing twelve-month figure through Dec 2025 stood at $2.0 billion (up 49.48% YoY), and the FY2025 full-year result was $1.4 billion, up 167.04% from the prior year.
• Operating Expenses for Q3 2025 stood at $1.2 billion, up from $423.3 million in the prior quarter.
• Across five years, Operating Expenses topped out at $1.2 billion in Q3 2025 and bottomed at -$104.2 million in Q3 2022.
• The 5-year median for Operating Expenses is $173.7 million (2021), against an average of $243.8 million.
• The widest annual swing landed in 2022, when Operating Expenses sank 160.06%; it then jumped 3544.89% in 2024.
• A 5-year view of Operating Expenses shows it stood at $292.7 million in 2021, then plunged by 98.21% to $5.2 million in 2022, then surged by 264.96% to $19.2 million in 2023, then surged by 3544.89% to $698.1 million in 2024, then soared by 68.6% to $1.2 billion in 2025.
• The last three Operating Expenses figures came in at $1.2 billion (Q3 2025), $423.3 million (Q2 2025), and $383.6 million (Q1 2025), per Business Quant data.

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