STEPSTONE GROUP INC.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2021 | — | 43.8% | 8.0% |
| FY2022 | — | 37.6% | 14.2% |
| FY2023 | — | 55.1% | 27.2% |
| FY2024 | — | 28.8% | 8.2% |
| FY2025 | — | -18.9% | -15.3% |
When you sell in desperation, you always sell cheap.