What is Progyny's cash ratio?

Progyny (PGNY) reported cash ratio of 0.6× in Q1 2026.

How has Progyny's cash ratio changed year-over-year?

Progyny's cash ratio increased by 21.2% year-over-year, from 0.5× to 0.6×.

What is the long-term trend for Progyny's cash ratio?

Over 5 years (2020 to 2025), Progyny's cash ratio has grown at a -9.3% compound annual growth rate (CAGR), from 0.9× to 0.6×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Progyny PGNY Cash ratio

Cash ratio at other companies

CVS HealthCVS

0.1×0.0×

UnitedHealth GroupUNH

0.2×0.0×

Natera, Inc.NTRA

1.9×-0.7×

Pediatrix Medical GroupMD

0.5×+0.1×

OrganonOGN

0.4×+0.2×

BillionToOne, Inc. BLLN

9.4×—

Other financials

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

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Market cap$2.11B-27.1%

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×

Where this comes from

Calculated from Progyny’s reported figures.

cash and equivalents/total current liabilities=0.6×

Based on the most recent quarter.

The official record: Progyny’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Progyny's cash ratio?: Progyny (PGNY) reported cash ratio of 0.6× in Q1 2026.
How has Progyny's cash ratio changed year-over-year?: Progyny's cash ratio increased by 21.2% year-over-year, from 0.5× to 0.6×.
What is the long-term trend for Progyny's cash ratio?: Over 5 years (2020 to 2025), Progyny's cash ratio has grown at a -9.3% compound annual growth rate (CAGR), from 0.9× to 0.6×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.