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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?

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.