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6Mar 13, 2026·SEC
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Progyny, Inc. (PGNY) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Progyny, Inc. (PGNY) stock price & volume — 10-year historical chart
Progyny, Inc. (PGNY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Progyny, Inc. (PGNY) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 26, 2026 | $0.15vs $0.15+2.0% | $318Mvs $307M+3.6% |
| Q4 2025 | Nov 6, 2025 | $0.45vs $0.39+15.4% | $313Mvs $314M-0.3% |
| Q3 2025 | Aug 7, 2025 | $0.48vs $0.44+9.1% | $333Mvs $299M+11.2% |
| Q2 2025 | May 8, 2025 | $0.48vs $0.45+6.7% | $324Mvs $308M+5.3% |
Progyny, Inc. (PGNY) competitors in Payer and Benefits Administration — business model, growth, and fundamentals comparison
Progyny, Inc. (PGNY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Progyny, Inc. (PGNY) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 48.58M | 105.4M | 229.68M | 344.86M | 500.62M | 786.91M | 1.09B | 1.17B | 1.29B |
| Revenue Growth % | - | 116.94% | 117.92% | 50.15% | 45.17% | 57.19% | 38.34% | 7.22% | 10.4% |
| Cost of Goods Sold | 41.18M | 85.97M | 184.18M | 274.8M | 388.49M | 619.59M | 849.8M | 913.86M | 984.18M |
| COGS % of Revenue | 84.77% | 81.56% | 80.19% | 79.68% | 77.6% | 78.74% | 78.06% | 78.29% | 76.37% |
| Gross Profit | 7.4M▲ 0% | 19.43M▲ 162.6% | 45.51M▲ 134.2% | 70.06M▲ 54.0% | 112.14M▲ 60.1% | 167.32M▲ 49.2% | 238.8M▲ 42.7% | 253.36M▲ 6.1% | 304.48M▲ 20.2% |
| Gross Margin % | 15.23% | 18.44% | 19.81% | 20.32% | 22.4% | 21.26% | 21.94% | 21.71% | 23.63% |
| Gross Profit Growth % | - | 162.62% | 134.15% | 53.96% | 60.06% | 49.22% | 42.72% | 6.1% | 20.18% |
| Operating Expenses | 18.41M | 22.89M | 35.83M | 61.71M | 79.8M | 143.98M | 176.62M | 185.91M | 219.21M |
| OpEx % of Revenue | 37.88% | 21.71% | 15.6% | 17.89% | 15.94% | 18.3% | 16.22% | 15.93% | 17.01% |
| Selling, General & Admin | 18.41M | 22.89M | 35.83M | 61.71M | 79.8M | 143.98M | 176.62M | 185.91M | 219.21M |
| SG&A % of Revenue | 37.88% | 21.71% | 15.6% | 17.89% | 15.94% | 18.3% | 16.22% | 15.93% | 17.01% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -11.01M▲ 0% | -3.45M▲ 68.6% | 9.68M▲ 380.3% | 8.35M▼ 13.7% | 32.34M▲ 287.4% | 23.34M▼ 27.8% | 62.18M▲ 166.4% | 67.45M▲ 8.5% | 85.28M▲ 26.4% |
| Operating Margin % | -22.65% | -3.28% | 4.21% | 2.42% | 6.46% | 2.97% | 5.71% | 5.78% | 6.62% |
| Operating Income Growth % | - | 68.63% | 380.33% | -13.73% | 287.4% | -27.83% | 166.42% | 8.48% | 26.42% |
| EBITDA | -9.45M | -1.57M | 11.81M | 10.25M | 33.64M | 24.94M | 64.47M | 70.63M | 90.22M |
| EBITDA Margin % | -19.44% | -1.49% | 5.14% | 2.97% | 6.72% | 3.17% | 5.92% | 6.05% | 7% |
| EBITDA Growth % | - | 83.39% | 852.71% | -13.18% | 228.08% | -25.86% | 158.46% | 9.56% | 27.74% |
| D&A (Non-Cash Add-back) | 1.56M | 1.88M | 2.13M | 1.91M | 1.3M | 1.6M | 2.28M | 3.17M | 4.95M |
| EBIT | -11.01M | -3.45M | 9.68M | 8.35M | 32.34M | 23.34M | 62.18M | 67.45M | 95.43M |
| Net Interest Income | -740K | -497K | -58K | 121K | 461K | 814K | 8.51M | 15.75M | 0 |
| Interest Income | 0 | 0 | 0 | 121K | 461K | 814K | 8.51M | 15.75M | 0 |
| Interest Expense | 740K | 497K | 58K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -1.45M | -3.44M | -18.23M | 331K | 95K | 1.1M | 8.51M | 15.75M | 10.15M |
| Pretax Income | -12.46M▲ 0% | -6.89M▲ 44.7% | -8.56M▼ 24.1% | 8.68M▲ 201.4% | 32.44M▲ 273.7% | 24.44M▼ 24.6% | 70.69M▲ 189.2% | 83.2M▲ 17.7% | 95.43M▲ 14.7% |
| Pretax Margin % | -25.64% | -6.54% | -3.73% | 2.52% | 6.48% | 3.11% | 6.49% | 7.13% | 7.41% |
| Income Tax | -3K | -1.78M | 12K | -37.78M | -33.33M | -5.92M | 8.65M | 28.87M | 36.91M |
| Effective Tax Rate % | 0.02% | 25.78% | -0.14% | -435.3% | -102.77% | -24.21% | 12.24% | 34.69% | 38.68% |
| Net Income | -12.45M▲ 0% | 661K▲ 105.3% | -8.57M▼ 1396.4% | 46.46M▲ 642.2% | 65.77M▲ 41.6% | 30.36M▼ 53.8% | 62.04M▲ 104.4% | 54.34M▼ 12.4% | 58.52M▲ 7.7% |
| Net Margin % | -25.63% | 0.63% | -3.73% | 13.47% | 13.14% | 3.86% | 5.7% | 4.66% | 4.54% |
| Net Income Growth % | - | 105.31% | -1396.37% | 642.18% | 41.56% | -53.84% | 104.35% | -12.41% | 7.7% |
| Net Income (Continuing) | -12.46M | -5.12M | -8.57M | 46.46M | 65.77M | 30.36M | 62.04M | 54.34M | 58.52M |
| Discontinued Operations | 4K | 5.78M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -2.19▲ 0% | 0.01▲ 100.4% | -0.10▼ 1334.6% | 0.47▲ 570.0% | 0.66▲ 40.4% | 0.30▼ 54.5% | 0.62▲ 106.7% | 0.57▼ 8.1% | 0.65▲ 14.0% |
| EPS Growth % | - | 100.37% | - | 570% | 40.43% | -54.55% | 106.67% | -8.06% | 14.04% |
| EPS (Basic) | -2.19 | 0.01 | -0.10 | 0.54 | 0.74 | 0.33 | 0.65 | 0.59 | 0.68 |
| Diluted Shares Outstanding | 5.69M | 81.56M | 83.57M | 99.06M | 100.36M | 99.96M | 100.67M | 95.45M | 89.46M |
| Basic Shares Outstanding | 5.69M | 81.56M | 83.57M | 85.72M | 89.11M | 92.2M | 95.02M | 91.48M | 85.23M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Progyny, Inc. (PGNY) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 16.77M | 24.54M | 132.44M | 190.22M | 258.54M | 433.86M | 640.41M | 472.72M | 551.77M |
| Cash & Short-Term Investments | 4.69M | 127K | 80.38M | 109.3M | 119.42M | 189.3M | 371.09M | 227.95M | 310.1M |
| Cash Only | 4.69M | 127K | 80.38M | 70.31M | 91.41M | 120.08M | 97.3M | 162.31M | 112.24M |
| Short-Term Investments | 0 | 0 | 0 | 38.99M | 28M | 69.22M | 273.79M | 65.64M | 197.86M |
| Accounts Receivable | 11.37M | 23.32M | 47.06M | 75.66M | 134.56M | 240.07M | 241.87M | 235.32M | 220.29M |
| Days Sales Outstanding | 85.44 | 80.77 | 74.78 | 80.08 | 98.1 | 111.35 | 81.1 | 73.59 | 62.39 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 200K | 0 | 0 | 0 | 4.49M | 27.45M | 9.44M | 21.39M |
| Total Non-Current Assets | 18.19M | 16.79M | 17.99M | 63.7M | 99.53M | 109.13M | 116.21M | 134.38M | 190.66M |
| Property, Plant & Equipment | 597K | 776K | 3.08M | 12.07M | 12.83M | 15.27M | 27.82M | 29.63M | 54.92M |
| Fixed Asset Turnover | 81.38x | 135.82x | 74.50x | 28.58x | 39.01x | 51.52x | 39.13x | 39.39x | 23.47x |
| Goodwill | 11.88M | 11.88M | 11.88M | 11.88M | 11.88M | 11.88M | 11.88M | 15.53M | 19.98M |
| Intangible Assets | 5.34M | 3.86M | 2.38M | 1.21M | 599K | 99K | 0 | 1.3M | 6.22M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 372K | 272K | 652K | 573K | 2.94M | 3.99M | 3.4M | 2.98M | 16.54M |
| Total Assets | 34.96M▲ 0% | 41.32M▲ 18.2% | 150.43M▲ 264.0% | 253.93M▲ 68.8% | 358.06M▲ 41.0% | 542.99M▲ 51.6% | 756.62M▲ 39.3% | 607.1M▼ 19.8% | 742.43M▲ 22.3% |
| Asset Turnover | 1.39x | 2.55x | 1.53x | 1.36x | 1.40x | 1.45x | 1.44x | 1.92x | 1.74x |
| Asset Growth % | - | 18.2% | 264.04% | 68.8% | 41.01% | 51.64% | 39.34% | -19.76% | 22.29% |
| Total Current Liabilities | 17.77M | 30.2M | 36.16M | 77.79M | 98.82M | 159.54M | 185.95M | 168.63M | 202.39M |
| Accounts Payable | 5.13M | 15.58M | 19.39M | 43.51M | 61.4M | 109.29M | 125.43M | 95.1M | 124.07M |
| Days Payables Outstanding | 45.47 | 66.14 | 38.42 | 57.8 | 57.69 | 64.38 | 53.87 | 37.98 | 46.01 |
| Short-Term Debt | 3.56M | 253K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 7.13M | 9.39M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 6.73M | 11.64M | 13M | 7.69M | 12.26M | 8.88M | 13.05M | 19.87M | 78.32M |
| Current Ratio | 0.94x | 0.81x | 3.66x | 2.45x | 2.62x | 2.72x | 3.44x | 2.80x | 2.73x |
| Quick Ratio | 0.94x | 0.81x | 3.66x | 2.45x | 2.62x | 2.72x | 3.44x | 2.80x | 2.73x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 6.5M | 106.24M | 0 | 9.19M | 7.42M | 6.48M | 17.24M | 16.41M | 24M |
| Long-Term Debt | 1.63M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 8.32M | 7.42M | 6.48M | 17.24M | 16.41M | 24M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 4.87M | 0 | 0 | 876K | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 24.27M | 30.2M | 36.16M | 86.98M | 106.24M | 166.02M | 203.19M | 185.04M | 226.39M |
| Total Debt | 5.19M | 253K | 0 | 9.55M | 8.65M | 7.71M | 19.39M | 19.27M | 24M |
| Net Debt | 497K | 126K | -80.38M | -60.76M | -82.76M | -112.36M | -77.91M | -143.04M | -88.24M |
| Debt / Equity | 0.49x | 0.02x | - | 0.06x | 0.03x | 0.02x | 0.04x | 0.05x | 0.05x |
| Debt / EBITDA | - | - | - | 0.93x | 0.26x | 0.31x | 0.30x | 0.27x | 0.27x |
| Net Debt / EBITDA | - | - | -6.81x | -5.93x | -2.46x | -4.51x | -1.21x | -2.03x | -0.98x |
| Interest Coverage | -14.87x | -6.95x | 166.84x | - | - | - | - | - | - |
| Total Equity | 10.69M▲ 0% | 11.12M▲ 4.0% | 114.27M▲ 927.4% | 166.95M▲ 46.1% | 251.82M▲ 50.8% | 376.97M▲ 49.7% | 553.43M▲ 46.8% | 422.06M▼ 23.7% | 516.04M▲ 22.3% |
| Equity Growth % | - | 4.04% | 927.43% | 46.1% | 50.84% | 49.7% | 46.81% | -23.74% | 22.27% |
| Book Value per Share | 1.88 | 0.14 | 1.37 | 1.69 | 2.51 | 3.77 | 5.50 | 4.42 | 5.77 |
| Total Shareholders' Equity | 10.69M | 11.12M | 114.27M | 166.95M | 251.82M | 376.97M | 553.43M | 422.06M | 516.04M |
| Common Stock | 1K | 1K | 8K | 9K | 9K | 9K | 9K | 9K | 9K |
| Retained Earnings | -104.56M | -104.85M | -113.48M | -68.19M | -2.42M | 27.93M | 89.97M | 144.31M | 202.83M |
| Treasury Stock | 0 | -884K | -1.01M | -1.01M | -1.01M | -1.01M | -1.01M | -303.89M | -388.07M |
| Accumulated OCI | -83K | -483K | -150.43M | 1K | -93K | 501K | 2.82M | 39K | 498K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Progyny, Inc. (PGNY) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -9.47M | 2.27M | -1.53M | 36.2M | 26.04M | 80.39M | 188.81M | 179.1M | 210.19M |
| Operating CF Margin % | -19.5% | 2.16% | -0.67% | 10.5% | 5.2% | 10.22% | 17.34% | 15.34% | 16.31% |
| Operating CF Growth % | - | 123.98% | -167.52% | 2460.04% | -28.08% | 208.77% | 134.86% | -5.14% | 17.36% |
| Net Income | -12.45M | 661K | -8.57M | 46.46M | 65.77M | 30.36M | 62.04M | 54.34M | 58.52M |
| Depreciation & Amortization | 1.56M | 1.88M | 2.13M | 1.91M | 1.3M | 1.6M | 2.28M | 3.17M | 4.95M |
| Stock-Based Compensation | 1.56M | 3M | 5.06M | 12.82M | 0 | 100.75M | 122.61M | 128.13M | 131.87M |
| Deferred Taxes | -3K | -1.78M | 12K | -37.97M | -33.3M | -6.62M | 3.75M | -10.46M | -8.12M |
| Other Non-Cash Items | 1.29M | -1.85M | 19.78M | 5.64M | 43.53M | 13.79M | 15.56M | 15.7M | 20.17M |
| Working Capital Changes | -1.43M | 354K | -19.95M | 7.35M | -51.26M | -59.49M | -17.42M | -11.78M | 2.8M |
| Change in Receivables | -2.04M | -12.78M | -25.34M | -35.34M | -68.68M | -119.3M | -21.74M | -9.87M | -5.12M |
| Change in Inventory | 1.81M | 2.58M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -909K | 10.45M | 3.5M | 25.01M | 17.84M | 47.69M | 16.23M | -30.27M | 28.75M |
| Cash from Investing | -612K | 1.9M | -2.76M | -40.03M | 8.77M | -43.87M | -200.53M | 195.79M | -159.01M |
| Capital Expenditures | -612K | -579K | -2.96M | -1.04M | -2.13M | -3.24M | -3.64M | -5.41M | -18.41M |
| CapEx % of Revenue | 1.26% | 0.55% | 1.29% | 0.3% | 0.43% | 0.41% | 0.33% | 0.46% | 1.43% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5.3M | -9.34M |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 2.48M | 200K | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 11.77M | -8.74M | 84.55M | -6.25M | -13.7M | -7.86M | -11.07M | -309.88M | -99.36M |
| Debt Issued (Net) | -3.26M | -5.1M | -253K | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 15M | -3.71M | 81.03M | 2.68M | 4.27M | 4.22M | 6.13M | -300.28M | -80.43M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -3.71M | -185K | 0 | 0 | 0 | 0 | -300.28M | -81.66M |
| Other Financing | 25K | 65K | 3.76M | -8.93M | -17.97M | -12.09M | -17.2M | -9.6M | -18.93M |
| Net Change in Cash | 1.68M▲ 0% | -4.56M▼ 371.7% | 80.25M▲ 1858.4% | -10.08M▼ 112.6% | 21.11M▲ 309.5% | 28.66M▲ 35.8% | -22.78M▼ 179.5% | 65.02M▲ 385.4% | -48.12M▼ 174.0% |
| Free Cash Flow | -10.09M▲ 0% | 1.69M▲ 116.8% | -4.49M▼ 365.2% | 35.17M▲ 883.2% | 23.91M▼ 32.0% | 77.15M▲ 222.7% | 185.17M▲ 140.0% | 173.7M▼ 6.2% | 191.78M▲ 10.4% |
| FCF Margin % | -20.76% | 1.61% | -1.95% | 10.2% | 4.78% | 9.8% | 17.01% | 14.88% | 14.88% |
| FCF Growth % | - | 116.79% | -365.21% | 883.21% | -32.01% | 222.71% | 140% | -6.19% | 10.41% |
| FCF per Share | -1.77 | 0.02 | -0.05 | 0.36 | 0.24 | 0.77 | 1.84 | 1.82 | 2.14 |
| FCF Conversion (FCF/Net Income) | 0.76x | 3.44x | 0.18x | 0.78x | 0.40x | 2.65x | 3.04x | 3.30x | 3.59x |
| Interest Paid | 0 | 0 | 176K | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40.45M | 0 |
Progyny, Inc. (PGNY) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -116.48% | 6.06% | -13.67% | 33.04% | 31.41% | 9.66% | 13.34% | 11.14% | 12.48% |
| Return on Invested Capital (ROIC) | -73.78% | -23.08% | 32.16% | 8.94% | 17.62% | 8.07% | 12.6% | 13.41% | 18.1% |
| Gross Margin | 15.23% | 18.44% | 19.81% | 20.32% | 22.4% | 21.26% | 21.94% | 21.71% | 23.63% |
| Net Margin | -25.63% | 0.63% | -3.73% | 13.47% | 13.14% | 3.86% | 5.7% | 4.66% | 4.54% |
| Debt / Equity | 0.49x | 0.02x | - | 0.06x | 0.03x | 0.02x | 0.04x | 0.05x | 0.05x |
| Interest Coverage | -14.87x | -6.95x | 166.84x | - | - | - | - | - | - |
| FCF Conversion | 0.76x | 3.44x | 0.18x | 0.78x | 0.40x | 2.65x | 3.04x | 3.30x | 3.59x |
| Revenue Growth | - | 116.94% | 117.92% | 50.15% | 45.17% | 57.19% | 38.34% | 7.22% | 10.4% |
Progyny, Inc. (PGNY) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 13, 2026·SEC
Feb 26, 2026·SEC
Jan 12, 2026·SEC
Progyny, Inc. (PGNY) stock FAQ — growth, dividends, profitability & financials explained
Progyny, Inc. (PGNY) reported $1.29B in revenue for fiscal year 2025. This represents a 2552% increase from $48.6M in 2017.
Progyny, Inc. (PGNY) grew revenue by 10.4% over the past year. This is steady growth.
Yes, Progyny, Inc. (PGNY) is profitable, generating $58.5M in net income for fiscal year 2025 (4.5% net margin).
Progyny, Inc. (PGNY) has a return on equity (ROE) of 12.5%. This is reasonable for most industries.
Progyny, Inc. (PGNY) generated $188.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Progyny, Inc. (PGNY) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates