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Condensed Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Revenues    
Total revenues $ 186,401 $ 178,011
Compensation and benefits:    
Cash-based compensation 78,224 70,081
Equity-based compensation 19,179 8,472
Performance fee-related compensation:    
Realized 20,848 9,102
Unrealized (10,923) 24,211
Total performance fee-related compensation 9,925 33,313
Legacy Greenspring performance fee-related compensation [1] (9,089) (23,947)
Total compensation and benefits 98,239 87,919
General, administrative and other 41,011 33,277
Total expenses 139,250 121,196
Other income (expense)    
Investment income 2,595 3,086
Legacy Greenspring investment loss [1] (1,255) (2,866)
Investment income of Consolidated Funds 7,635 2,362
Interest income 2,057 431
Interest expense (2,990) (2,012)
Other income (loss) (351) 227
Total other income 7,691 1,228
Income before income tax 54,842 58,043
Income tax expense 6,797 8,597
Net income 48,045 49,446
Net income attributable to StepStone Group Inc. $ 13,328 $ 21,269
Net income per share of Class A common stock:    
Basic (in dollars per share) $ 0.20 $ 0.34
Diluted (in dollars per share) $ 0.20 $ 0.34
Weighted-average shares of Class A common stock:    
Basic (in shares) 66,187,754 62,834,818
Diluted (in shares) 68,593,761 65,739,470
Non-Controlling Interests in Subsidiaries    
Other income (expense)    
Less: Net income attributable to non-controlling interests $ 16,615 $ 9,630
Less: Net income attributable to redeemable non-controlling interests in Consolidated Funds 362 0
Non-Controlling Interests in Legacy Greenspring Entities    
Performance fee-related compensation:    
Unrealized (15,696) (24,876)
Other income (expense)    
Less: Net income attributable to non-controlling interests [1] (1,255) (2,866)
Non-Controlling Interests in the Partnership    
Other income (expense)    
Less: Net income attributable to non-controlling interests 13,324 19,860
Noncontrolling Interest In Consolidated Funds    
Other income (expense)    
Less: Net income attributable to redeemable non-controlling interests in Consolidated Funds 5,671 1,553
Management and advisory fees, net    
Revenues    
Total revenues 178,015 138,115
Performance fees    
Revenues    
Total revenues 8,386 39,896
Incentive fees    
Revenues    
Total revenues 841 6
Carried interest allocations    
Revenues    
Total revenues 16,634 63,837
Realized    
Revenues    
Total revenues 41,804 14,473
Unrealized    
Revenues    
Total revenues (25,170) 49,364
Legacy Greenspring carried interest allocations    
Revenues    
Total revenues [1] $ (9,089) $ (23,947)
[1] Reflects amounts attributable to consolidated VIEs for which the Company did not acquire any direct economic interests. See notes 3 and 5 for more information.