Growth Metrics

StepStone (STEP) Total Liabilities (2019 - 2025)

StepStone posted quarterly Total Liabilities of $4.7 billion for Q4 2025, up 81.18% year-on-year from $2.6 billion in Q4 2024, and up 14.99% on a QoQ basis from $4.1 billion in Q3 2025.

StepStone (STEP) has 7 years of Total Liabilities data on file, last reported at $4.7 billion in Q4 2025.

  • For the quarter ending Q4 2025, Total Liabilities rose 81.18% year-over-year to $4.7 billion; the trailing twelve-month figure through Dec 2025 stood at $4.7 billion (up 81.18% YoY), and the FY2025 full-year result was $2.8 billion, up 46.81% from the prior year.
  • Total Liabilities for Q4 2025 stood at $4.7 billion, up from $4.1 billion in the prior quarter.
  • Across five years, Total Liabilities topped out at $4.7 billion in Q4 2025 and bottomed at $661.1 million in Q1 2021.
  • The 5-year median for Total Liabilities is $2.0 billion (2022), against an average of $2.2 billion.
  • The widest annual swing landed in 2021, when Total Liabilities jumped 652.11%; it then dropped 21.99% in 2023.
  • A 5-year view of Total Liabilities shows it stood at $2.2 billion in 2021, then dropped by 14.68% to $1.9 billion in 2022, then dropped by 4.79% to $1.8 billion in 2023, then soared by 44.6% to $2.6 billion in 2024, then soared by 81.18% to $4.7 billion in 2025.
  • The last three Total Liabilities figures came in at $4.7 billion (Q4 2025), $4.1 billion (Q3 2025), and $3.1 billion (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Liabilities (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 106.92 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 26.91 Bn
3 Kkr 84.94 Bn 132.45 Bn - 331.28 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 6.70 Bn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 428.00 Bn
6 State Street 44.42 Bn 18.75 Bn - 364.42 Bn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 178.24 Bn
8 Northern Trust 31.21 Bn 31.21 Bn - 161.59 Bn
9 Ares Management 28.85 Bn 32.22 Bn - 20.01 Bn
10 StepStone 3.79 Bn 4.63 Bn - 4.72 Bn

Historic Data

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DateValue
Dec 31, 2025 4.72 Bn
Sep 30, 2025 4.11 Bn
Jun 30, 2025 3.08 Bn
Mar 31, 2025 2.81 Bn
Dec 31, 2024 2.61 Bn
Sep 30, 2024 2.04 Bn
Jun 30, 2024 1.89 Bn
Mar 31, 2024 1.92 Bn
Dec 31, 2023 1.80 Bn
Sep 30, 2023 1.91 Bn
Jun 30, 2023 1.86 Bn
Mar 31, 2023 1.84 Bn
Dec 31, 2022 1.89 Bn
Sep 30, 2022 1.93 Bn
Jun 30, 2022 2.16 Bn
Mar 31, 2022 2.36 Bn
Dec 31, 2021 2.22 Bn
Sep 30, 2021 2.10 Bn
Jun 30, 2021 861.63 Mn
Mar 31, 2021 661.08 Mn
Dec 31, 2020 460.69 Mn
Sep 30, 2020 393.33 Mn
Jun 30, 2020 -156.06 Mn
Mar 31, 2020 443.86 Mn
Dec 31, 2019 -207.99 Mn
Sep 30, 2019 -196.82 Mn