Progyny Inc (PGNY) financials
Progyny revenue and earnings by year
Progyny's revenue was $1.29 billion in the fiscal year to December 31, 2025, up 10.4% from the year before. Net income was $58.5 million, 4.5% of revenue. Since the fiscal year to December 31, 2017, revenue has grown 50.6% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 9 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.29 | 1.17 | 1.09 | 0.79 | 0.50 | 0.34 | 0.23 | 0.11 | 0.05 |
| Revenue growth | 10.4% | 7.2% | 38.3% | 57.2% | 45.2% | 50.1% | 117.9% | 116.9% | — |
| Gross profit | 0.30 | 0.25 | 0.24 | 0.17 | 0.11 | 0.07 | 0.05 | 0.02 | 0.01 |
| Gross margin | 23.6% | 21.7% | 21.9% | 21.3% | 22.4% | 20.3% | 19.8% | 18.4% | 15.2% |
| Operating income | 0.09 | 0.07 | 0.06 | 0.02 | 0.03 | 0.01 | 0.01 | -0.00 | -0.01 |
| Operating margin | 6.6% | 5.8% | 5.7% | 3.0% | 6.5% | 2.4% | 4.2% | -3.3% | -22.7% |
| Net income | 0.06 | 0.05 | 0.06 | 0.03 | 0.07 | 0.05 | -0.01 | -0.01 | -0.01 |
| Net margin | 4.5% | 4.7% | 5.7% | 3.9% | 13.1% | 13.5% | -3.7% | -5.3% | -25.6% |
| Diluted EPS | $0.65 | $0.57 | $0.62 | $0.30 | $0.66 | $0.47 | — | — | — |
| Free cash flow | 0.19 | 0.17 | 0.19 | 0.08 | 0.02 | 0.04 | -0.00 | 0.00 | -0.01 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open PGNY in Markets.
How Progyny makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Fertility Benefit Services | $230M | 65.7% |
| Pharmacy Benefit Services | $120M | 34.3% |
See also: PGNY valuation and P/E history · PGNY returns
No forecast, no recommendation. This page describes Progyny Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.