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Companies / Healthcare / Progyny, Inc.
PGNY

Progyny, Inc.

HealthcareHealth Services
Ticker PGNYNEW YORK, NYFiscal year ends DecemberBook value per share $5.43Diluted shares 83.5M

Progyny, Inc. (NASDAQ: PROG) is a global leader in women's health and family building solutions. The company operates through a comprehensive platform designed to address the continuum of women's health from fertility and family building through pregnancy, postpartum, menopause, and parent and child wellbeing.… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.29B
+10.4% year over year
Last 12 mo $1.31B
6.62%
+0.8 percentage points
Last 12 mo 8.55%
$58.52M
+7.7% year over year
Last 12 mo $78.63M
11.34%
−1.5 percentage points
Last 12 mo 17.35%
Cash & financing
$210.19M
+17.4% year over year
Last 12 mo $201.25M
$191.78M
+10.4% year over year
Last 12 mo $178.38M
—
89.9M
−5.9% year over year
Last 12 mo 83.5M

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: PROG) is a global leader in women's health and family building solutions. The company operates through a comprehensive platform designed to address the continuum of women's health from fertility and family building through pregnancy, postpartum, menopause, and parent and child wellbeing. Progyny's mission is to empower healthier, supported journeys through transformative fertility, family building and women's health benefits.

The company's core offering is its fertility benefits solution, which features the proprietary Smart Cycle approach—an innovative benefits design that provides equitable access to comprehensive fertility treatment bundles. Progyny also offers Progyny Rx, an integrated pharmacy benefits solution that manages medications needed during treatment. Additional solutions include pregnancy and postpartum support, menopause and midlife services, benefit and leave navigation, parent and child wellbeing programs, and assistance service reimbursement programs for adoption and surrogacy. Progyny Global extends these offerings internationally with country-specific compliance frameworks.

As of December 31, 2025, Progyny served over 590 employers across more than 40 industries, providing coverage to approximately 7.2 million employees and their covered dependents. The company maintains a selective network of over 1,100 fertility specialists practicing at more than 690 provider clinic locations throughout the United States, including 45 of the top 50 fertility practice groups by volume. The company employs 856 people, with 835 full-time employees.

Progyny's value proposition centers on delivering measurable financial value to employers through superior clinical outcomes and cost management, meaningful support to members through comprehensive coverage and high-touch concierge services, and collaborative value to providers through comprehensive member benefits and data sharing. The company's data collection process directly captures clinical outcomes from fertility providers, enabling active network management and continuous improvement of clinical protocols.

The company's website is www.progyny.com. Progyny operates primarily in the self-insured employer market and Taft-Hartley labor populations, with an addressable market estimated at approximately 106 million potential covered lives in the United States.

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

Financial performance, year by year

Fiscal 2019–2025 · USD
$-140.50M$255.30M$651.10M$1.05B$1.44B2019202020212022202320242025Last 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
46.3%
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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