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PGNY Financials Progyny, Inc.

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
-$12M $638M $1B $0 2017 2018 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
0% 12% 24% 2017 2018 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-7% 10% 28% 0% 2017 2018 2019 2020 2021 2022 2023 2024 2025
ROEROA
Free cash flow (CFO − capex)
-$10M $91M $192M $0 2017 2018 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $81M $162M 2017 2018 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$310M -$50M $210M $0 2017 2018 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
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

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.

Price / earnings (P/E)
0.0 52.2 104.4 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 2.0 4.0 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
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?

As of Sep '26, Progyny, Inc. traded at a price-to-earnings ratio of about 34.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.