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Earnings Per Share (Tables)

6 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Schedule of Reconciliations of Basic and Diluted Earnings Per Share of Class A Common Stock

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings per share of Class A common stock:


			Three Months Ended September 30, 2021						Period from IPO date to September 30, 2020						Six Months Ended September 30, 2021
(in thousands, except share and per share amounts)
Numerator:
Net income (loss) attributable to StepStone Group Inc. – Basic			$	62,074					$	(790)					$	103,724
Incremental income from assumed vesting of RSUs			1,856						—						2,797
Incremental income from assumed vesting and exchange of Class B2 units			2,693						—						4,519
Net income (loss) attributable to StepStone Group Inc. – Diluted			$	66,623					$	(790)					$	111,040

Denominator:
Weighted-average shares of Class A common stock outstanding – Basic			41,745,492						29,237,500						40,401,379
Assumed vesting of RSUs			1,691,661						—						1,523,631
Assumed vesting and exchange of Class B2 units			2,471,208						—						2,480,045
Weighted-average shares of Class A common stock outstanding – Diluted			45,908,361						29,237,500						44,405,055

Net income (loss) per share of Class A common stock:
Basic			$	1.49					$	(0.03)					$	2.57
Diluted			$	1.45					$	(0.03)					$	2.50