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Progyny PGNY Q4 2025 Annual earnings

Reported February 26, 2026 · After market close

Revenue$318.4MBeat by $11.0M
EPS$0.15Beat by $0.00
Revenue estimate$307.4M
EPS estimate$0.15

Next report

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

Financials

Q4 2025

Income statement

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Revenue$318.4M+6.7%
Gross profit$76.9M+21.2%
Operating income$15.2M-3.6%
Net income$12.5M+18.5%
EPS (diluted)$0.14+16.7%

Balance sheet

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Cash & equivalents$112.2M-30.9%
Total debt$27.7M+43.9%
Total equity$516.0M+22.3%
Total assets$742.4M+22.3%

Cash flow

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Operating cash flow$54.2M+3.9%
CapEx$5.6M+196%
Free cash flow$48.6M-3.3%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$2.21B+50.7%
Enterprise value$2.13B+60.6%
P/E37.8×+10.8×
P/S1.7×+0.5×

Profitability

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Gross margin23.6%+1.9pp
Operating margin6.6%+0.8pp
Net margin4.5%-0.1pp
FCF margin14.9%0.0pp

Returns & leverage

See full
Return on equity12.5%+1.3pp
Debt / equity0.1×0.0×
Current ratio2.7×-0.1×

Segments

By product

See full
Fertility benefits services revenue$208.6M+11.3%
Pharmacy benefits services revenue$109.8M-1.1%

By segment

See full
Reportable segment$318.4M+6.7%

Versus estimates

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Questions, answered.

When did Progyny report Q4 2025 earnings?
Progyny (PGNY) reported Q4 2025 earnings on February 26, 2026 after market close.
What were Progyny's Q4 2025 revenue and EPS?
Progyny reported revenue of $318.4M and eps of $0.15 for Q4 2025.
Did Progyny beat estimates in Q4 2025?
Revenue beat the consensus estimate of $307.4M by $11.0M. EPS beat the consensus estimate of $0.15 by $0.00.
How did Progyny's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 6.7% from $298.4M a year earlier and eps declined 64.3% from $0.42.
Where can I find Progyny's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001551306-26-000012) and the 10-K periodic report (0001551306-26-000020) directly on SEC EDGAR. The filing index links above go to sec.gov.