What is Progyny's net debt?

Progyny (PGNY) reported net debt of -$104.33M in Q1 2026.

How has Progyny's net debt changed year-over-year?

Progyny's net debt decreased by 29.9% year-over-year, from -$80.34M to -$104.33M.

What is the long-term trend for Progyny's net debt?

Over 5 years (2020 to 2025), Progyny's net debt has grown at a 6.8% compound annual growth rate (CAGR), from -$60.76M to -$84.51M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Progyny PGNY Net debt

Discontinued — last reported Q1 '26

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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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Gross margin24.1%+2.1pp

Operating margin7.5%+1.4pp

Net margin5.2%+0.9pp

FCF margin14.3%-1.9pp

Returns & leverage

See full

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.

$27.3Mtotal debt−$131.6Mcash and equivalents=-$104.33M

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 net debt?: Progyny (PGNY) reported net debt of -$104.33M in Q1 2026.
How has Progyny's net debt changed year-over-year?: Progyny's net debt decreased by 29.9% year-over-year, from -$80.34M to -$104.33M.
What is the long-term trend for Progyny's net debt?: Over 5 years (2020 to 2025), Progyny's net debt has grown at a 6.8% compound annual growth rate (CAGR), from -$60.76M to -$84.51M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.