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Companies / Health Care / Progyny, Inc.
PGNY

Progyny, Inc.

Health CareHealth Services
Ticker PGNYNEW YORK, NYFiscal year ends DecemberBook value per share $5.00Diluted shares 82.7M

Progyny, Inc. (Nasdaq: PGNY) provides employer-sponsored fertility, family-building and women’s health benefits. Its services include fertility treatment benefits using its Smart Cycle plan design, integrated fertility pharmacy benefits through Progyny Rx, pregnancy and postpartum support, menopause and midlife care,… From the company’s description.

Over the twelve months to Sep 30, 2026, Progyny, Inc. reported revenue of $1.34B, up 5.5% from a year earlier, and net income of $91.02M. Its operating margin was 9.4%, and operations generated $207.18M in cash. In fiscal 2025, it reported revenue of $1.29B, up 10.4% from fiscal 2024, and net income of $58.52M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$1.29BFY2025
+10.4% year over year
Last 12 mo $1.34B
6.62%FY2025
+0.8 percentage points
Last 12 mo 9.40%
$58.52MFY2025
+7.7% year over year
Last 12 mo $91.02M
11.34%FY2025
−1.5 percentage points
Last 12 mo 21.98%
Cash & financing
$210.19MFY2025
+17.4% year over year
Last 12 mo $207.18M
$191.78MFY2025
+10.4% year over year
Last 12 mo $179.64M
—
89.9MFY2025
−5.9% year over year
Last 12 mo 82.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Progyny, Inc. does

In the company’s own words

Progyny, Inc. (Nasdaq: PGNY) provides employer-sponsored fertility, family-building and women’s health benefits. Its services include fertility treatment benefits using its Smart Cycle plan design, integrated fertility pharmacy benefits through Progyny Rx, pregnancy and postpartum support, menopause and midlife care, benefit and leave navigation, and parent and child wellbeing programs. Employers contract for these benefits for employees and covered dependents; members receive clinical guidance, concierge support and access to a network of fertility and women’s health providers. The company also administers reimbursements for services such as adoption, surrogacy, doula care and travel for medical treatment, and offers benefits internationally. Progyny launched its fertility benefits solution in 2016 and has since expanded into additional areas of women’s health and family building. As of December 31, 2025, it had contracts with more than 590 employers covering approximately 7.2 million lives, and employed 856 people. Its registered brands include Progyny, Smart Cycle and UnPack It.

Company details
Sector
Health Care
Industry (SIC)
Health Services
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
1551306
SIC
8090

Financial performance, year by year

Fiscal 2019–2025 · USD
$-143.29M$260.88M$665.05M$1.07B$1.47B2019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Progyny, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

290
funds hold it
0 of 35
superinvestors hold it
$914.86M
held by funds, at market
48.2%
of shares held by funds

Largest fund holders · Progyny, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.11%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
3.25%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.06%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.02%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Progyny, Inc. and its peers compare on margins and cash generation over ten years?”
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