What is Progyny's gross margin?

Progyny (PGNY) reported gross margin of 24.1% in Q1 2026.

How has Progyny's gross margin changed year-over-year?

Progyny's gross margin increased by 9.6% year-over-year, from 22% to 24.1%.

What is the long-term trend for Progyny's gross margin?

Over 5 years (2020 to 2025), Progyny's gross margin has grown at a 3.1% compound annual growth rate (CAGR), from 20.3% to 23.6%.

What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

Progyny PGNY Gross margin

Gross margin at other companies

CVS HealthCVS

44.7%-0.1pp

UnitedHealth GroupUNH

88.6%+0.4pp

OrganonOGN

52.8%-4.4pp

BillionToOne, Inc. BLLN

70.4%—

BrightSpring Health Services, Inc.BTSG

12.2%-0.1pp

The Cooper Companies, Inc.COO

65.5%-1.6pp

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$2.09B-27.1%

Enterprise value$1.98B-29.6%

P/E30.8×-23.7×

P/S1.6×-0.7×

Profitability

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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.

gross profit/total revenue=24.1%

Based on trailing twelve months.

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 gross margin?: Progyny (PGNY) reported gross margin of 24.1% in Q1 2026.
How has Progyny's gross margin changed year-over-year?: Progyny's gross margin increased by 9.6% year-over-year, from 22% to 24.1%.
What is the long-term trend for Progyny's gross margin?: Over 5 years (2020 to 2025), Progyny's gross margin has grown at a 3.1% compound annual growth rate (CAGR), from 20.3% to 23.6%.
What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.