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Progyny

PGNY

Progyny is a leading provider of specialized healthcare benefits solutions focused on women's health and family building.

Market cap
$2.47B+22.8%
Revenue$1.3B+6.6%
Net income$67.7M+29.0%
Free cash flow$184.4M-5.8%
EPS (diluted)$0.77+35.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$348.6M
EPS estimate$0.34

Financials

Q1 2026

Income statement

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Revenue$328.5M+1.4%
Gross profit$83.1M+9.6%
Operating income$35.4M+46.4%
Net income$24.2M+60.9%
EPS (diluted)$0.29+70.6%

Balance sheet

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Cash & equivalents$131.6M+20.5%
Total debt$27.3M-5.6%
Total equity$439.3M-6.0%
Total assets$698.3M-4.4%

Cash flow

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Operating cash flow$45.9M-7.7%
CapEx$6.3M+123%
Free cash flow$39.6M-15.7%

Valuation & ratios

Valuation

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Market cap$2.47B+22.8%
Enterprise value$2.37B+25.8%
P/E36.6×-0.9×
P/S1.9×+0.3×

Profitability

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Gross margin24.1%+2.1pp
Operating margin7.5%+1.4pp
Net margin5.2%+0.9pp
FCF margin14.3%-1.9pp

Returns & leverage

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Return on equity14.9%+4.8pp
Debt / equity0.1×0.0×
Current ratio2.1×-0.3×

Segments

By product

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Fertility benefits services revenue$209.4M+1.5%
Pharmacy benefits services revenue$119.1M+1.2%

By segment

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Reportable segment$328.5M+1.4%

Competitors

Profile

Progyny is a leading provider of specialized healthcare benefits solutions focused on women's health and family building. The company offers a data-driven platform that connects employees of large organizations to a premier network of fertility specialists and comprehensive clinical support. Their core value proposition centers on improving clinical outcomes, such as higher pregnancy rates and lower miscarriage rates, while reducing overall healthcare costs for self-insured employers.

Competitive position

Progyny is a market leader in the fertility benefits space, distinguished by its proprietary Smart Cycle model and a network that includes 45 of the top 50 fertility practice groups in the U.S.

GeographiesUnited States, Global
Customer segmentsEnterprise, Government, Labor Unions
Business modelB2B2C, Fee-for-service, Platform-as-a-Service
SuppliersFertility specialists and clinics, Reproductive endocrinologists, Pharmaceutical manufacturers, Specialty pharmacies
CustomersFortune 500 companies, Self-insured enterprise employers, Public sector entities, Labor unions
Listed2019
Employees566.0
CEOPete Anevski
FilingsSEC EDGAR

Questions, answered.

What is Progyny's market cap?
Progyny (PGNY) has a market capitalization of $2.5B and trades on NASDAQ.
What is Progyny's revenue and profitability?
Progyny generated $1.3B in trailing twelve-month revenue with net income of $67.7M, representing a net margin of 5.2%. Gross margin stands at 24.1%, with free cash flow of $184.4M. These figures are based on the Q1 2026 filing.
Who are Progyny's competitors?
Progyny's key competitors include UnitedHealth Group, CVS Health, Femasys Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Where is Progyny headquartered?
Progyny is headquartered in United States of America and employs approximately 566 people. It has been publicly traded since 2019.