StepStone Group Inc. (STEP) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Cash from Operations | 82.41M | 27.16M | 16.24M | 46.28M | -66.52M | 27.59M | 53.7M | 50.17M | 7.63M | 25.18M | 71.13M | 57.59M | -516K | 5.99M | 88.23M | 57.48M | 32.3M | 46.48M | 59.77M | 76.73M |
| Operating CF Margin % | 14% | 4.63% | 3.58% | 12.7% | -17.61% | 8.14% | 19.76% | 26.92% | 2.14% | -172.3% | 37.16% | 32.35% | -0.3% | -141.32% | -55.67% | -74.44% | 8.86% | 11.32% | 21.21% | 24.86% |
| Operating CF Growth % | 223.88% | -1.55% | -69.75% | -7.75% | -971.98% | 9.57% | -24.51% | -12.88% | 1578.49% | 320.65% | -19.38% | 0.18% | -101.6% | -87.12% | 47.62% | -25.08% | 11.38% | 24.16% | 10.81% | 165.31% |
| Net Income | 228.58M | -162.44M | -575.49M | -12.01M | 13.15M | -287.16M | 53.14M | 48.05M | 30.82M | -23.42M | 59.25M | 49.45M | 56.82M | -13.55M | -67.06M | -21.47M | 103.61M | 126.29M | 127.86M | 41.65M |
| Depreciation & Amortization | 11.44M | 11.41M | 11.46M | 11.42M | 11.4M | 11.38M | 11.37M | 11.34M | 11.45M | 12.16M | 11.99M | 11.99M | 12.11M | 12.06M | 11.72M | 11.52M | 11.69M | 11.66M | 2.45M | 1.18M |
| Stock-Based Compensation | -1.1B | 380.39M | 875.5M | 181.65M | 120.34M | 476.26M | 34.98M | 18.55M | 13.76M | 14.21M | 5.92M | 8.47M | 9.34M | 8.11M | 3.78M | 3.71M | 3.63M | 3.41M | 3.21M | 0 |
| Deferred Taxes | -26.34M | -41.81M | -112.69M | -14.1M | -17.5M | -60.08M | 1.49M | 1.03M | 6.97M | -9.98M | 7.25M | 4.98M | 5.93M | -5.51M | -10.29M | -2.82M | -4M | 13.92M | -16.25M | 0 |
| Other Non-Cash Items | 980M | -123.05M | -221.64M | -133.89M | -147.05M | -124.64M | -83.11M | -8.2M | -30.16M | 44.5M | -52.6M | -34.36M | -52.52M | 30.32M | 115.69M | 76.06M | -57.41M | -82.13M | -72.98M | 8.35M |
| Working Capital Changes | -15.68M | -37.34M | 39.1M | 13.21M | -46.87M | 11.82M | 35.84M | -20.59M | -25.22M | -12.29M | 39.33M | 17.06M | -32.19M | -25.44M | 34.39M | -9.52M | -25.22M | -26.67M | 15.48M | 25.55M |
| Change in Receivables | 170.18M | -227.54M | -3.33M | -19.53M | -12.65M | -11.73M | 10.23M | -34.31M | 1.36M | -27.64M | 12.04M | -10.23M | 0 | -30.66M | 25.49M | -19.84M | -9.78M | 767K | 5M | -9.25M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 18.25M | -4.49M | 17.49M | -14.73M | 17.86M | -7.58M | 1.4M | 1.47M | 14.1M | -3.19M | 3.54M | 2.19M | 5.42M | -4.63M | 10.58M | -12.6M | 11.79M | -5.26M | -4.94M | 3.43M |
| Cash from Investing | 729.42M | -67.27M | -9.78M | -11.79M | -6.8M | -2.58M | -20.88M | -13.21M | -9.08M | -10.86M | -12.92M | -14.49M | -7.39M | -6.1M | -9.71M | -7.6M | -8.77M | -11.48M | -184.34M | -7.25M |
| Capital Expenditures | -762K | -432K | -331K | -1.09M | -2.67M | -566K | -1.29M | -575K | -915K | -4.09M | -6.85M | -7.76M | -2.48M | -1.05M | -1.75M | -348K | -459K | -323K | -127K | -1.19M |
| CapEx % of Revenue | 0.13% | 0.07% | 0.07% | 0.3% | 0.71% | 0.17% | 0.48% | 0.31% | 0.26% | -27.97% | 3.58% | 4.36% | 1.44% | -24.89% | -1.1% | -0.45% | 0.13% | 0.08% | 0.05% | 0.39% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 3.75B | 1.07B | 1.54B | 1.36B | 1.23B | 1.07B | 1.01B | 921.28M | 898.1M | 869.05M | 898.72M | 906.92M | 916.43M | 1.01B | 1.1B | 1.25B | 1.44B | 1.41B | 1.3B | 82.89M |
| Other Investing | 1.01B | 3.39M | 2.9M | 7.43M | 7.82M | 19.63M | 6.19M | 6.2M | 1.12M | 1.72M | 2.58M | 914K | -443K | 1.57M | 2.34M | 0 | 4K | 0 | 0 | 31K |
| Cash from Financing | -71.07M | 51.78M | 115.64M | -72.22M | 84.9M | 26.2M | -724K | -22.9M | 9.26M | -13.8M | -9.46M | -43.97M | -3.37M | -1.8M | -42.13M | -60.72M | -43.37M | -73.54M | 77.62M | -30.57M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -2.54M | 0 | 2.12M | 422K | 1.76M | 501K | 12.73M | 7.13M | 3.59M | 0 | -613K | 0 | -36K | 0 | 0 | 0 | 0 | 0 | 0 | -1.08M |
| Dividends Paid | 94.42M | -22.16M | -21.99M | -50.27M | -18.26M | -17.47M | -16.3M | -23.81M | -13.49M | -13.45M | -13.26M | -28.28M | -12.61M | -12.85M | -12.29M | -12.22M | -9.12M | -9.11M | -5.65M | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -613K | 0 | -36K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -162.95M | 91.44M | 118.01M | -22.37M | 9.31M | -136.11M | 2.85M | -31.22M | -5.84M | -350K | -20.59M | -15.7M | -5.72M | -8.95M | -29.84M | -48.5M | -34.25M | -14.43M | 83.27M | -29.49M |
| Net Change in Cash | 740.99M | 11.31M | 122.05M | -45.15M | 10.3M | 54.12M | 29.21M | 13.86M | 8M | -2.49M | 48.87M | -1.59M | -11.51M | -3.45M | 37.15M | -10.12M | -19.47M | -39.12M | -46.56M | 38.73M |
| Free Cash Flow | -23.96M | 26.73M | 15.91M | 45.19M | -69.19M | 27.02M | 52.4M | 49.59M | 6.71M | 21.09M | 64.28M | 49.83M | -2.99M | 4.93M | 86.48M | 57.13M | 31.84M | 46.16M | 59.64M | 75.53M |
| FCF Margin % | -4.07% | 4.56% | 3.5% | 12.4% | -18.32% | 7.97% | 19.29% | 26.61% | 1.88% | -144.33% | 33.58% | 27.99% | -1.74% | -116.43% | -54.57% | -73.99% | 8.73% | 11.24% | 21.17% | 24.48% |
| FCF Growth % | 65.37% | -1.08% | -69.64% | -8.89% | -1130.5% | 28.12% | -18.48% | -0.47% | 324.25% | 327.68% | -25.67% | -12.78% | -109.4% | -89.32% | 45% | -24.36% | 10.78% | 24.14% | 11.4% | 164.32% |
| FCF per Share | -0.30 | 0.34 | 0.20 | 0.58 | -0.91 | 0.37 | 0.75 | 0.72 | 0.10 | 0.33 | 0.97 | 0.76 | -0.05 | 0.08 | 1.41 | 0.93 | 0.55 | 0.75 | 1.30 | 1.76 |
| FCF Conversion (FCF/Net Income) | -10.58x | -0.22x | -0.04x | -1.20x | 3.59x | -0.14x | 3.05x | 3.76x | 0.25x | -1.24x | 2.71x | 2.71x | -0.02x | -0.86x | -3.02x | -5.21x | 0.77x | 0.96x | 0.96x | 1.84x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |