Progyny, Inc. (PGNY)
Progyny, Inc. functions as a benefits management corporation, dedicated to providing specialized solutions for fertility and broader family-building initiatives to employers throughout the United States. Its core fertility offering is characterized by a distinctive benefits plan architecture, paired with personalized, white-glove member support services and access to a meticulously chosen network of top-tier fertility specialists. Additionally, the company presents Progyny Rx, an all-encompassing pharmacy benefits solution that ensures its members can readily acquire the essential medications for their treatments. Moreover, Progyny facilitates employer-sponsored reimbursement programs to support surrogacy and adoption journeys. The company, which was established in 2008 and has its main offices in New York City, previously operated as Auxogyn, Inc. before adopting the Progyny, Inc. moniker in 2015.
Sector: Services-Misc Health & Allied Services, NEC
Industry: Medical - Healthcare Plans
Progyny, Inc.
NASDAQ:PGNYHealthcare · Medical - Healthcare Information Services
+1.37%$34.84
Prev close$34.37+1.37%Close$34.84-0.40%AH close$34.70
AH$34.70-0.40%vs close
Mkt Cap$2.57B
Float68.61M
O/S73.65M
Inst Own-
SI7.1%
Dilution
Financials Summary
Revenue$1.29B
Net Income$58.52M
Total Assets$742.43M
Free Cash Flow$191.78M
Debt & Equity
Debt 5%
Equity 95%
Total Debt$27.73M
Total Equity$516.04M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in PGNY's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$742.43M
Liabilities$226.39M
Accounts Receivable$220.29M
Accounts Payable$124.07M
Inventory$0
PP&E (Net)$54.92M
Goodwill$19.98M
Intangible Assets$6.22M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Revenue | $1.29B | $1.17B | $1.09B | $786.91M | $500.62M | $344.86M | $229.68M | $105.4M | $48.58M |
| YoY Growth | 10.4% | 7.2% | 38.3% | 57.2% | 45.2% | 50.1% | 117.9% | 116.9% | - |
| Cost of Revenue | $984.18M | $913.86M | $849.8M | $619.59M | $388.49M | $274.8M | $184.18M | $85.97M | $41.18M |
| Gross Profit | $304.48M | $253.36M | $238.8M | $167.32M | $112.14M | $70.06M | $45.51M | $19.43M | $7.4M |
| Gross Margin | 23.6% | 21.7% | 21.9% | 21.3% | 22.4% | 20.3% | 19.8% | 18.4% | 15.2% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $219.21M | $185.91M | $176.62M | $143.98M | $79.8M | $61.71M | $35.83M | $22.89M | $18.41M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $219.21M | $185.91M | $176.62M | $143.98M | $79.8M | $61.71M | $35.83M | $22.89M | $18.41M |
| Operating Income (EBIT) | $85.28M | $67.45M | $62.18M | $23.34M | $32.34M | $8.35M | $9.68M | -$3.45M | -$11.01M |
| Operating Margin | 6.6% | 5.8% | 5.7% | 3.0% | 6.5% | 2.4% | 4.2% | -3.3% | -22.7% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $58K | $497K | $740K |
| Interest Income | $10.15M | $15.75M | $8.51M | $814K | $461K | $121K | $0 | $0 | $0 |
| Other Income (Expense) | $10.15M | $15.75M | $8.51M | $1.1M | $95K | $331K | -$18.23M | -$3.44M | -$1.45M |
| Income Before Tax (EBT) | $95.43M | $83.2M | $70.69M | $24.44M | $32.44M | $8.68M | -$8.56M | -$6.89M | -$12.46M |
| Income Tax Expense | $36.91M | $28.87M | $8.65M | -$5.92M | -$33.33M | -$37.78M | $12K | -$1.78M | -$3K |
| Net Income | $58.52M | $54.34M | $62.04M | $30.36M | $65.77M | $46.46M | -$8.57M | $661K | -$12.45M |
| Net Income Margin | 4.5% | 4.7% | 5.7% | 3.9% | 13.1% | 13.5% | -3.7% | 0.6% | -25.6% |
| Supplementary Data | |||||||||
| EPS | 0.68 | 0.59 | 0.65 | 0.33 | 0.74 | 0.54 | -0.10 | 0.01 | -2.19 |
| Diluted EPS | 0.65 | 0.57 | 0.62 | 0.30 | 0.66 | 0.47 | -0.10 | 0.01 | -2.19 |
| Weighted Average OS | 85.23M | 91.48M | 95.02M | 92.20M | 89.11M | 85.72M | 83.57M | 81.56M | 5.69M |
| EBITDA | $100.38M | $86.38M | $72.97M | $26.04M | $33.74M | $10.25M | $11.81M | -$1.57M | -$9.45M |
| EBITDA Margin | 7.8% | 7.4% | 6.7% | 3.3% | 6.7% | 3.0% | 5.1% | -1.5% | -19.4% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Assets | |||||||||
| Current Assets | |||||||||
| Cash and Cash Equivalents | $112.24M | $162.31M | $97.3M | $120.08M | $91.41M | $70.31M | $80.38M | $127K | $4.69M |
| Short-Term Investments | $197.86M | $65.64M | $273.79M | $69.22M | $28M | $38.99M | $0 | $0 | $0 |
| Cash and Short-Term Investments | $310.1M | $227.95M | $371.09M | $189.3M | $119.42M | $109.3M | $80.38M | $127K | $4.69M |
| Accounts Receivable | $220.29M | $235.32M | $241.87M | $240.07M | $134.56M | $75.66M | $47.06M | $23.32M | $11.37M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $21.39M | $9.44M | $27.45M | $4.49M | $0 | $0 | $0 | $200K | $0 |
| Total Current Assets | $551.77M | $472.72M | $640.41M | $433.86M | $258.54M | $190.22M | $132.44M | $24.54M | $16.77M |
| Long-Term Assets | |||||||||
| Property, Plant & Equipment Net | $54.92M | $29.63M | $27.82M | $15.27M | $12.83M | $12.07M | $3.08M | $776K | $597K |
| Goodwill | $19.98M | $15.53M | $11.88M | $11.88M | $11.88M | $11.88M | $11.88M | $11.88M | $11.88M |
| Intangible Assets | $6.22M | $1.3M | $0 | $99K | $599K | $1.21M | $2.38M | $3.86M | $5.34M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $93.01M | $84.93M | $73.12M | $77.89M | $71.27M | $37.97M | $0 | $0 | $0 |
| Other Long-Term Assets | $16.54M | $2.98M | $3.4M | $3.99M | $2.94M | $573K | $652K | $272K | $372K |
| Total Long-Term Assets | $190.66M | $134.38M | $116.21M | $109.13M | $99.53M | $63.7M | $17.99M | $16.79M | $18.19M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $742.43M | $607.1M | $756.62M | $542.99M | $358.06M | $253.93M | $150.43M | $41.32M | $34.96M |
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts Payable | $124.07M | $95.1M | $125.43M | $109.29M | $61.4M | $43.51M | $19.39M | $15.58M | $5.13M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $253K | $3.56M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9.39M | $7.13M |
| Other Current Liabilities | $23.48M | $19.87M | $13.05M | $8.88M | $12.26M | $7.69M | $13M | $11.64M | $6.73M |
| Total Current Liabilities | $202.39M | $168.63M | $185.95M | $159.54M | $98.82M | $77.79M | $36.16M | $30.2M | $17.77M |
| Long-Term Liabilities | |||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.63M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $876K | $0 | $0 | $4.87M |
| Total Long-Term Liabilities | $24M | $16.41M | $17.24M | $6.48M | $7.42M | $9.19M | $0 | $106.24M | $6.5M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$106.24M | $0 |
| Total Liabilities | $226.39M | $185.04M | $203.19M | $166.02M | $106.24M | $86.98M | $36.16M | $30.2M | $24.27M |
| Stockholders' Equity | |||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $150.43M | $106.24M | $108.31M |
| Common Stock | $9K | $9K | $9K | $9K | $9K | $9K | $8K | $1K | $1K |
| Retained Earnings | $202.83M | $144.31M | $89.97M | $27.93M | -$2.42M | -$68.19M | -$113.48M | -$104.85M | -$104.56M |
| Comprehensive Income & Other | $498K | $39K | $2.82M | $501K | -$93K | $1K | -$150.43M | -$483K | -$83K |
| Other Stockholders' Equity | $313.21M | $277.75M | $463.45M | $349.02M | $254.24M | $235.13M | $227.75M | $115.97M | $115.25M |
| Total Equity | $516.04M | $422.06M | $553.43M | $376.97M | $251.82M | $166.95M | $114.27M | $11.12M | $10.69M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $742.43M | $607.1M | $756.62M | $542.99M | $358.06M | $253.93M | $150.43M | $41.32M | $34.96M |
| Supplementary Data | |||||||||
| Total Debt | $27.73M | $19.27M | $19.39M | $7.71M | $8.65M | $9.55M | $0 | $253K | $5.19M |
| Net Debt | -$84.51M | -$143.04M | -$77.91M | -$112.36M | -$82.76M | -$60.76M | -$80.38M | $126K | $497K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Operating Activities | |||||||||
| Net Income | $58.52M | $54.34M | $62.04M | $30.36M | $65.77M | $46.46M | -$8.57M | $661K | -$12.45M |
| Depreciation & Amortization | $4.95M | $3.17M | $2.28M | $1.6M | $1.3M | $1.91M | $2.13M | $1.88M | $1.56M |
| Deferred Income Tax | -$8.12M | -$10.46M | $3.75M | -$6.62M | -$33.3M | -$37.97M | $12K | -$1.78M | -$3K |
| Stock-Based Compensation | $131.87M | $128.13M | $122.61M | $100.75M | $33.71M | $12.82M | $5.06M | $3M | $1.56M |
| Changes in Working Capital: | |||||||||
| Accounts Receivable | -$5.12M | -$9.87M | -$21.74M | -$119.3M | -$68.68M | -$35.34M | -$25.34M | -$12.78M | -$2.04M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.58M | $1.81M |
| Accounts Payable | $28.75M | -$30.27M | $16.23M | $47.69M | $17.84M | $25.01M | $3.5M | $10.45M | -$909K |
| Other Working Capital | -$20.84M | $28.37M | -$11.92M | $12.12M | -$421K | $17.68M | $1.89M | $100K | -$279K |
| Total Working Capital Change | $2.8M | -$11.78M | -$17.42M | -$59.49M | -$51.26M | $7.35M | -$19.95M | $354K | -$1.43M |
| Other Non-Cash Items | $20.17M | $15.7M | $15.56M | $13.79M | $9.82M | $5.64M | $19.78M | -$1.85M | $1.29M |
| Net Cash from Operating | $210.19M | $179.1M | $188.81M | $80.39M | $26.04M | $36.2M | -$1.53M | $2.27M | -$9.47M |
| Investing Activities | |||||||||
| Capital Expenditures | -$18.41M | -$5.41M | -$3.64M | -$3.24M | -$2.13M | -$1.04M | -$2.96M | -$579K | -$612K |
| Acquisitions | -$9.34M | -$5.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$354.96M | -$170.34M | -$429.69M | -$163.33M | -$111.48M | -$103.96M | $0 | $0 | $0 |
| Sales of Investments | $223.7M | $376.84M | $232.81M | $122.71M | $122.37M | $64.97M | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $200K | $2.48M | $0 |
| Net Cash from Investing | -$159.01M | $195.79M | -$200.53M | -$43.87M | $8.77M | -$40.03M | -$2.76M | $1.9M | -$612K |
| Financing Activities | |||||||||
| Debt Repaid | - | - | - | - | - | - | $253K | $5.1M | $3.26M |
| Common Stock Issuance | $1.23M | $2.4M | $6.13M | $4.22M | $4.27M | $2.68M | $81.22M | $65K | $15.03M |
| Common Stock Repurchases | -$81.66M | -$300.28M | $0 | $0 | $0 | $0 | -$185K | -$3.71M | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$18.93M | -$12M | -$17.2M | -$12.09M | -$17.97M | -$8.93M | $3.76M | $65K | $25K |
| Net Cash from Financing | -$99.36M | -$309.88M | -$11.07M | -$7.86M | -$13.7M | -$6.25M | $84.55M | -$8.74M | $11.77M |
| Forex Effect | $62K | $1K | $1K | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$48.12M | $65.02M | -$22.78M | $28.66M | $21.11M | -$10.08M | $80.25M | -$4.56M | $1.68M |
| Supplementary Data | |||||||||
| Operating Cash Flow | $210.19M | $179.1M | $188.81M | $80.39M | $26.04M | $36.2M | -$1.53M | $2.27M | -$9.47M |
| Capital Expenditure | -$18.41M | -$5.41M | -$3.64M | -$3.24M | -$2.13M | -$1.04M | -$2.96M | -$579K | -$612K |
| Free Cash Flow | $191.78M | $173.7M | $185.17M | $77.15M | $23.91M | $35.17M | -$4.49M | $1.69M | -$10.09M |
| Cash at Beginning | $162.31M | $97.3M | $120.08M | $91.41M | $70.31M | $80.38M | $127K | $4.69M | $3.01M |
| Cash at End | $114.19M | $162.31M | $97.3M | $120.08M | $91.41M | $70.31M | $80.38M | $127K | $4.69M |