Company Analysis

Progyny, Inc. (PGNY)

Nasdaq: PGNY · Services-Misc Health & Allied Services, NEC · New York, NY · filing with the SEC since 2012
Grade6.6
◀ Past 8.4● Present 6.3▶ Future 5.2

The grade of Progyny, Inc.

Nine metrics read from its own filings, by tense
Headline grade
6.6/10
◀ Past8.430% of the headline
● Present6.340% of the headline
▶ Future5.230% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

8.4/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
8.2/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 82nd percentile among 11 sector filers · read for itself

From the record

Progyny, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
8.4/10

What has it actually done, year after year?

+30.2% a year over 6 filed years; profitable in 6 of 6.

weight 45% of this tense · 84th percentile among 10 sector filers · read for its customers

From the record

Progyny, Inc.'s 6 filed years say what it did: revenue went from $345 million in fiscal 2020 to $1.3 billion in fiscal 2025, up 30.2% a year; it rose in 5 of 5 years; it never fell from a peak; net income was positive in 6 of 6 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span30.2%top 25% of its family
  • the share of years revenue rosetop 10% of its family
  • the share of filed years with a profittop 20% of its family
  • the deepest fall from a revenue peak0.0%top 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
8.8/10

How has it treated the people who own it?

Share count shrank 3.5% a year. 66% of cash flow returned. Insiders: 37 sales, 1 purchases.

weight 22% of this tense · 88th percentile among 7 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Progyny, Inc.'s diluted share count shrank about 3.5% a year, and dividends and buybacks returned about 66% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 37 sales (32 under scheduled 10b5-1 plans) and 1 purchase of their own stock on the open market in the year to 2026-11-12, buying about $2 million (their Form 4 filings).

What it rests on

  • the share count over the yearstop 17% of its family
  • cash returned against operating cash flowtop 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.3/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
7.5/10

Is it financially healthy right now?

ROE 11%: 11¢ of profit per shareholder dollar. Leverage 30%: owes 30¢ per asset dollar.

weight 33% of this tense · 75th percentile among 10 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Progyny, Inc. earned about 11 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 41 cents per dollar of everything the company owns. Leverage: it owed about 30 cents per dollar of assets, and net share issuance: its share count shrank 5.9% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 35% of its family
  • return on equitytop 31% of its family
  • gross profit against assetstop 19% of its family
  • the share count against the year beforetop 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.7/10

How strong is its position in its industry?

top 43% of 10 in its family; net margin 4.5%.

weight 45% of this tense · 57th percentile among 10 sector filers · read for its customers

From the record

Progyny, Inc.'s standing among 10 graded names in its industry family: revenue of $1.3 billion in fiscal 2025 ranks in the top 28% by size; a net margin of 4.5% ranks in the bottom 45%; revenue growth of 17.9% a year over the last 3 filed years ranks in the top 45% (its annual reports).

What it rests on

  • revenue against the family$1.29Btop 28% of its family
  • net margin4.5%bottom 45% of its family
  • three-year revenue growth17.9%top 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
5.6/10

What are the people in charge doing?

top 44% of 7 in its family for leadership; chief executive since 2022.

weight 22% of this tense · 56th percentile among 7 sector filers · read for its shareholders

From the record

Progyny, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Anevski, Peter (CHIEF EXECUTIVE OFFICER, as filed), filing under that title since 2022-01-03, 4.9 years (bottom 44% of its family); the 15 officers and directors filing in the last fifteen months have been on the record a median of 6 years (top 36%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 15 people in charge now (top 39%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge3 in three years among 15 peopletop 39% of its family
  • the median years the people in charge have filed6.0 yearstop 36% of its family
  • the chief executive's years on the record4.9 yearsbottom 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.2/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.0/10

How much room does it have to grow?

bottom 50% of 10 in its family for room to expand.

weight 22% of this tense · 50th percentile among 10 sector filers · read for itself

From the record

Progyny, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $112 million against no long-term debt tagged leaves 15.1% of its assets as net cash, top 15% of its family; cash from operations less capital spending is 14.9% of revenue (top 15%); a gross margin of 23.6% (bottom 19%); research spending of 0.7% of revenue (bottom 10%) (its annual report).

What it rests on

  • cash less debt against assets15.1%top 15% of its family
  • cash from operations less capital spending against revenue14.9%top 15% of its family
  • gross margin23.6%bottom 19% of its family
  • research spending against revenue0.7%bottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.2/10

What could actually drive growth from here?

top 38% of 10 in its family for growth drivers.

weight 45% of this tense · 62nd percentile among 10 sector filers · read for its customers

From the record

Progyny, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 17.9% a year over the last three filed years against 30.2% over all 6, slowing (bottom 5% of its family); the newest year grew 10.4% (top 15%); capital spending grew 78.4% a year (top 5%) (its annual reports). Progyny, Inc. reported 2 product lines in fiscal 2025: Fertility Benefit Services at $831 million (65%), Pharmacy Benefit Services at $458 million (36%); 2 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-12.3 points a yearbottom 5% of its family
  • the newest year's revenue growth10.4%top 15% of its family
  • three-year growth of capital spending78.4%top 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
4.2/10

Did its newest year beat what its own record pointed to?

bottom 42% of 10 in its family for expectations against reality.

weight 33% of this tense · 42nd percentile among 10 sector filers · read for its shareholders

From the record

Progyny, Inc.'s newest year against its own record: revenue of $1.3 billion in fiscal 2025 came in 9.3% below the $1.4 billion its prior three years' pace pointed to (bottom 35% of its family); net income of $59 million against a prior three-year average of $49 million (top 45%); a net margin of 4.5% against 4.7% before (bottom 35%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-9.3%bottom 35% of its family
  • net income against the prior three years' average+20%top 45% of its family
  • net margin against its prior average-0.2 pointsbottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton PGNY · research, not advice