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Progyny PGNY Business Segments — Cost of Services

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Other financials

Income statement

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Revenue$350.5M+5.3%
Gross profit$89.3M+13.1%
Operating income$40.0M+64.2%
Net income$28.1M+63.9%
EPS (diluted)$0.34+78.9%

Balance sheet

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Cash & equivalents$152.6M+15.2%
Total debt$27.0M-5.8%
Total equity$453.3M-12.0%
Total assets$715.8M-5.9%

Cash flow

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Operating cash flow$50.4M-9.2%
CapEx$6.2M+18.0%
Free cash flow$44.2M-12.0%

Valuation

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Market cap$2.37B+17.5%
Enterprise value$2.24B+17.3%
P/E30.1×-7.8×
P/S1.8×+0.2×

Profitability

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Gross margin24.6%+2.2pp
Operating margin8.6%+2.4pp
Net margin6%+1.7pp
FCF margin13.6%-1.7pp

Returns & leverage

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Return on equity16.2%+5.3pp
Debt / equity0.1×0.0×
Current ratio2.1×-0.6×

Where this comes from

Reported directly by Progyny in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Progyny’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 9:00 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001551306-26-000140
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenue$350,511$332,874$679,015$656,912
Cost of services261,210253,901506,643502,144
Gross profit89,30178,973172,372154,768
Operating expenses:
Sales and marketing18,07418,40534,95836,191
General and administrative31,22436,21062,03270,049
Total operating expenses49,29854,61596,990106,240
Income from operations40,00324,35875,38248,528

Item 1. Financial Statements (Unaudited)

FAQ

What is Progyny's business segments — cost of services?
Progyny (PGNY) reported business segments — cost of services of $261.21M in Q2 2026.
How has Progyny's business segments — cost of services changed year-over-year?
Progyny's business segments — cost of services increased by 2.9% year-over-year, from $253.9M to $261.21M.
What is the long-term trend for Progyny's business segments — cost of services?
Over 3 years (2022 to 2025), Progyny's business segments — cost of services has grown at a 16.7% compound annual growth rate (CAGR), from $619.59M to $984.18M.
What does business segments — cost of services mean?
This metric captures the direct costs associated with delivering fertility treatment services, including payments to network providers and clinical management expenses. It represents the primary variable costs required to support the company's service delivery model. Monitoring this helps assess the efficiency of the provider network and the direct cost of revenue generation.

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