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Stocks · Health care · Services-Misc Health & Allied Services, NEC

Progyny, Inc.

PGNY Clue Score69
United States Fiscal year ends December CIK 0001551306
$27.93 +0.36% Close, 9 Oct 2026
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Price $27.93 −51.54% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 25 Oct 2019. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue48.6Operating income−11.0Net income−12.5EPS, diluted−2.37Fiscal year 2018Revenue105.4 +116.9%Operating income−3.5Net income0.7EPS, diluted0.04Fiscal year 2019Revenue229.7 +117.9%Operating income9.7Net income−8.6 −1,396.4%EPS, diluted−0.41Fiscal year 2020Revenue344.9 +50.1%Operating income8.3Net income46.5EPS, diluted0.47Fiscal year 2021Revenue500.6 +45.2%Operating income32.3Net income65.8 +41.6%EPS, diluted0.66Fiscal year 2022Revenue786.9 +57.2%Operating income23.3Net income30.4 −53.8%EPS, diluted0.30Fiscal year 2023Revenue1,088.6 +38.3%Operating income62.2Net income62.0 +104.4%EPS, diluted0.62Fiscal year 2024Revenue1,167.2 +7.2%Operating income67.5Net income54.3 −12.4%EPS, diluted0.57Fiscal year 2025Revenue1,288.7 +10.4%Operating income85.3Net income58.5 +7.7%EPS, diluted0.65
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 48.6 105.4 229.7 344.9 500.6 786.9 1,088.6 1,167.2 1,288.7
Growth +116.9% +117.9% +50.1% +45.2% +57.2% +38.3% +7.2% +10.4%
Operating income −11.0 −3.5 9.7 8.3 32.3 23.3 62.2 67.5 85.3
Net income −12.5 0.7 −8.6 46.5 65.8 30.4 62.0 54.3 58.5
Growth −1,396.4% +41.6% −53.8% +104.4% −12.4% +7.7%
EPS, diluted −2.37 0.04 −0.41 0.47 0.66 0.30 0.62 0.57 0.65

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin15.2%Operating margin−22.7%Net margin−25.6%Free cash flow margin−20.8%Fiscal year 2018Gross margin18.4%Operating margin−3.3%Net margin0.6%Free cash flow margin1.6%Fiscal year 2019Gross margin19.8%Operating margin4.2%Net margin−3.7%Free cash flow margin−2.0%Fiscal year 2020Gross margin20.3%Operating margin2.4%Net margin13.5%Free cash flow margin10.2%Fiscal year 2021Gross margin22.4%Operating margin6.5%Net margin13.1%Free cash flow margin4.8%Fiscal year 2022Gross margin21.3%Operating margin3.0%Net margin3.9%Free cash flow margin9.8%Fiscal year 2023Gross margin21.9%Operating margin5.7%Net margin5.7%Free cash flow margin17.0%Fiscal year 2024Gross margin21.7%Operating margin5.8%Net margin4.7%Free cash flow margin14.9%Fiscal year 2025Gross margin23.6%Operating margin6.6%Net margin4.5%Free cash flow margin14.9%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 15.2% 18.4% 19.8% 20.3% 22.4% 21.3% 21.9% 21.7% 23.6%
Operating margin −22.7% −3.3% 4.2% 2.4% 6.5% 3.0% 5.7% 5.8% 6.6%
Net margin −25.6% 0.6% −3.7% 13.5% 13.1% 3.9% 5.7% 4.7% 4.5%
Free cash flow margin −20.8% 1.6% −2.0% 10.2% 4.8% 9.8% 17.0% 14.9% 14.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow−9.5Capital expenditure−0.6Free cash flow−10.1Fiscal year 2018Operating cash flow2.3Capital expenditure−0.6Free cash flow1.7Buybacks−1.2Fiscal year 2019Operating cash flow−1.5Capital expenditure−3.0Free cash flow−4.5 −365.2%Buybacks−0.2Fiscal year 2020Operating cash flow36.2Capital expenditure−1.0Free cash flow35.2Fiscal year 2021Operating cash flow26.0Capital expenditure−2.1Free cash flow23.9 −32.0%Fiscal year 2022Operating cash flow80.4Capital expenditure−3.2Free cash flow77.2 +222.7%Buybacks0.0Fiscal year 2023Operating cash flow188.8Capital expenditure−3.6Free cash flow185.2 +140.0%Buybacks0.0Fiscal year 2024Operating cash flow179.1Capital expenditure−5.4Free cash flow173.7 −6.2%Buybacks−300.3Fiscal year 2025Operating cash flow210.2Capital expenditure−18.4Free cash flow191.8 +10.4%Buybacks−81.7
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −9.5 2.3 −1.5 36.2 26.0 80.4 188.8 179.1 210.2
Capital expenditure −0.6 −0.6 −3.0 −1.0 −2.1 −3.2 −3.6 −5.4 −18.4
Free cash flow −10.1 1.7 −4.5 35.2 23.9 77.2 185.2 173.7 191.8
Growth −365.2% −32.0% +222.7% +140.0% −6.2% +10.4%
Buybacks n/a −1.2 −0.2 n/a n/a 0.0 0.0 −300.3 −81.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2017Shareholders’ equity−97.6Fiscal year 2018Cash0.1Shareholders’ equity−95.1Fiscal year 2019Cash80.4Shareholders’ equity114.3Fiscal year 2020Cash70.3Shareholders’ equity166.9Fiscal year 2021Cash91.4Shareholders’ equity251.8Fiscal year 2022Cash120.1Shareholders’ equity377.0Fiscal year 2023Cash97.3Shareholders’ equity553.4Fiscal year 2024Cash162.3Shareholders’ equity422.1Fiscal year 2025Cash112.2Shareholders’ equity516.0
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash n/a 0.1 80.4 70.3 91.4 120.1 97.3 162.3 112.2
Shareholders’ equity −97.6 −95.1 114.3 166.9 251.8 377.0 553.4 422.1 516.0

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
15.2% 18.4% 19.8% 20.3% 22.4% 21.3% 21.9% 21.7% 23.6%
−22.7% −3.3% 4.2% 2.4% 6.5% 3.0% 5.7% 5.8% 6.6%
−25.6% −6.5% −3.7% 2.5% 6.5% 3.1% 6.5% 7.1% 7.4%
−25.6% 0.6% −3.7% 13.5% 13.1% 3.9% 5.7% 4.7% 4.5%
−20.8% 1.6% −2.0% 10.2% 4.8% 9.8% 17.0% 14.9% 14.9%
Spending
n/a n/a n/a n/a n/a n/a n/a n/a 0.7%
29.1% 14.8% 10.4% 13.5% 11.9% 12.5% 10.8% 10.4% 11.4%
1.3% 0.5% 1.3% 0.3% 0.4% 0.4% 0.3% 0.5% 1.4%
n/a n/a n/a −435.3% −102.8% −24.2% 12.2% 34.7% 38.7%
Returns
n/a n/a −7.5% 27.8% 26.1% 8.1% 11.2% 12.9% 11.3%
n/a 1.6% −5.7% 18.3% 18.4% 5.6% 8.2% 9.0% 7.9%
Balance and payout
n/a 73.1% 24.0% 34.3% 29.7% 30.6% 26.9% 30.5% 30.5%
n/a 71.2% n/a n/a n/a 0.0% 0.0% 172.9% 42.6%