Progyny, Inc. (PGNY)

NASDAQ: PGNY · Real-Time Price · USD

27.15

+1.21 (4.66%)

At close: Sep 8, 2026, 4:00 PM EDT

26.95

+1.01 (3.89%)

After-hours: Sep 8, 2026, 7:30 PM EDT

Progyny Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,311	1,289	1,167	1,089	786.91	500.62
Revenue Growth	5.54%	10.40%	7.22%	38.34%	57.19%	45.17%
Gross Profit	322.09	304.48	253.36	238.8	167.33	112.14
Operating Income	119.83	92.98	67.46	62.18	23.34	32.34
Net Income	78.63	58.52	54.34	62.04	30.36	65.77
Earnings Per Share	0.91	0.65	0.57	0.62	0.30	0.66
EPS Growth	55.39%	14.04%	-8.06%	106.67%	-54.55%	40.43%

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Fertility Benefit Services	850.22	830.93	729.55	676.3	510.15	355.62
Pharmacy Benefit Services	570.45	457.73	437.67	412.3	276.77	145.01
Revenue (Total)	1,311	1,289	1,167	1,289	1,167	1,089

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	236.93	310.1	227.95	371.09	189.3	119.42
Total Debt	22.5	27.73	19.27	19.39	7.71	8.65
Net Cash (Debt)	214.43	282.37	208.68	351.7	181.59	110.77
Net Cash Growth	-22.44%	35.31%	-40.66%	93.68%	63.93%	11.05%
Net Cash Per Share	2.47	3.14	2.19	3.49	1.82	1.10

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	201.25	210.19	179.11	188.81	80.4	26.04
Capital Expenditures	-22.86	-18.41	-5.41	-3.64	-3.24	-2.13
Free Cash Flow	178.38	191.78	173.7	185.17	77.15	23.91
Free Cash Flow Growth	-6.21%	10.41%	-6.19%	140.00%	222.71%	-32.01%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	24.57%	23.63%	21.71%	21.94%	21.26%	22.40%
Operating Margin	9.14%	7.22%	5.78%	5.71%	2.97%	6.46%
Pretax Margin	9.14%	7.41%	7.13%	6.49%	3.11%	6.48%
Profit Margin	6.00%	4.54%	4.66%	5.70%	3.86%	13.14%
FCF Margin	13.61%	14.88%	14.88%	17.01%	9.80%	4.78%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 9, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	29.93	37.83	27.03	57.44	95.31	69.23
Forward PE	12.45	13.68	11.05	51.75	113.98	100.48
P/FCF Ratio	11.68	11.54	8.46	19.24	37.50	190.45
PS Ratio	1.59	1.72	1.26	3.27	3.68	9.10