9 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 30.2% per year over the past 5 years.
Net income has grown slower than revenue (4.7% vs 30.2% per year).
Operating margin has expanded, at 6.6% in the latest year.
Free cash flow has grown 40.4% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$1.3B
$59M
23.6%
6.6%
11.3%
7.9%
$192M
—
$112M
2024
$1.2B
$54M
21.7%
5.8%
12.9%
9.0%
$174M
—
$162M
2023
$1.1B
$62M
21.9%
5.7%
11.2%
8.2%
$185M
—
$97M
2022
$787M
$30M
21.3%
3.0%
8.1%
5.6%
$77M
—
$120M
2021
$501M
$66M
22.4%
6.5%
26.1%
18.4%
$24M
—
$91M
2020
$345M
$46M
20.3%
2.4%
27.8%
18.3%
$35M
—
$70M
2019
—
-$9M
—
—
-7.5%
-5.7%
-$4M
—
$80M
2018
—
$661000
—
—
-0.7%
1.6%
$2M
—
$127000
2017
—
-$12M
—
—
12.8%
—
-$10M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$351M
$28M
25.5%
11.4%
6.2%
3.9%
$44M
—
$153M
Mar '26
$329M
$24M
25.3%
10.8%
5.5%
3.5%
$40M
—
$132M
Dec '25
$318M
$12M
24.1%
4.8%
2.4%
1.7%
$49M
—
$112M
Sep '25
$313M
$14M
23.2%
6.9%
2.5%
1.7%
$46M
—
$134M
Jun '25
$333M
$17M
23.7%
7.3%
3.3%
2.2%
$50M
—
$133M
Mar '25
$324M
$15M
23.4%
7.5%
3.2%
2.1%
$47M
—
$109M
Dec '24
$298M
$11M
21.3%
5.3%
2.5%
1.7%
$50M
—
$162M
Sep '24
$287M
$10M
20.7%
4.3%
2.4%
1.6%
$43M
—
$91M
Jun '24
$304M
$16M
22.5%
6.8%
3.6%
2.4%
$56M
—
$95M
Mar '24
$278M
$17M
22.4%
6.7%
3.0%
2.1%
$25M
—
$115M
Dec '23
$270M
$13M
21.1%
5.1%
2.4%
1.8%
$37M
—
$97M
Sep '23
$281M
$16M
22.3%
6.5%
3.1%
2.2%
$53M
—
$158M
Jun '23
$279M
$15M
21.7%
5.4%
3.2%
2.2%
$75M
—
$171M
Mar '23
$258M
$18M
22.7%
5.8%
4.2%
2.7%
$20M
—
$155M
Dec '22
$214M
$3M
20.8%
1.5%
0.9%
0.6%
$51M
—
$120M
Sep '22
$205M
$13M
22.4%
5.5%
3.8%
2.6%
$20M
—
$73M
Jun '22
$195M
$9M
22.5%
4.5%
2.8%
1.9%
$19M
—
$55M
Mar '22
$172M
$5M
19.1%
-0.0%
1.8%
1.2%
-$12M
—
$39M
Dec '21
$128M
$15M
19.7%
-0.1%
6.0%
4.2%
$8M
—
$91M
Sep '21
$122M
$17M
23.3%
7.4%
7.5%
5.0%
$23M
—
$92M
Valuation over time
How the market has priced PGNY against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 82.1× (Mar '23) to 38.6× (Nov '26).
The price-to-sales ratio has fallen from 3.2× (Mar '23) to 1.8× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is PGNY growing its revenue and profit?
Over the past 5 years, Progyny, Inc.'s revenue has grown 30.2% per year, and net income grown 4.7% per year. These are computed facts, not advice.
How much debt does PGNY have?
As of FY2025, Progyny, Inc. reported — of total debt against $112M of cash.
What is PGNY's profit margin?
In FY2025, gross margin was 23.6%, operating margin 6.6%, and net margin 4.5%.
What is PGNY's P/E ratio?
Progyny, Inc.'s P/E (TTM) is 28.71 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the PGNY stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 38.6× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.