Progyny, Inc. income statement
In fiscal 2025, Progyny, Inc. reported revenue of $1.29bn, up 10.4% on the year before, operating income of $85.3m (a 6.6% margin) and net income of $58.5m, or $0.65 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 49 | 105 | 230 | 345 | 501 | 787 | 1,089 | 1,167 | 1,289 | 1,311 |
| Cost of revenue | 41 | 86 | 184 | 275 | 388 | 620 | 850 | 914 | 984 | 989 |
| Gross profit | 7 | 19 | 46 | 70 | 112 | 167 | 239 | 253 | 304 | 322 |
| Research and development | — | — | — | — | — | — | — | — | 10 | 12 |
| Selling and marketing | 4 | 7 | 12 | 15 | 20 | 46 | 59 | 64 | 72 | 71 |
| General and administrative | 14 | 16 | 24 | 47 | 60 | 98 | 117 | 122 | 147 | 139 |
| Operating income | −11 | −3 | 10 | 8 | 32 | 23 | 62 | 67 | 85 | 112 |
| Net interest income | −1 | −0 | −0 | 0 | 0 | 1 | 3 | — | — | — |
| Income before tax | −12 | −7 | −9 | 9 | 32 | 24 | 71 | 83 | 95 | 120 |
| Income tax | −0 | −2 | 0 | −38 | −33 | −6 | 9 | 29 | 37 | 41 |
| Net income | −12 | 1 | −9 | 46 | 66 | 30 | 62 | 54 | 59 | 79 |
| Diluted EPS | −$0.47 | $0.01 | −$0.08 | $0.47 | $0.66 | $0.30 | $0.62 | $0.57 | $0.65 | $0.91 |
| Diluted shares (average) | 28m | 28m | 104m | 99m | 100m | 100m | 101m | 95m | 90m | 87m |
| EBITDA | −9 | −2 | 12 | 10 | 34 | 25 | 64 | 71 | 90 | 118 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 287 | 298 | 324 | 333 | 313 | 318 | 329 | 351 |
| Cost of revenue | 227 | 235 | 248 | 254 | 241 | 242 | 245 | 261 |
| Gross profit | 59 | 63 | 76 | 79 | 73 | 77 | 83 | 89 |
| Research and development | — | — | 2 | 2 | 3 | 3 | 3 | 3 |
| Selling and marketing | 16 | 16 | 18 | 18 | 18 | 18 | 17 | 18 |
| General and administrative | 30 | 32 | 34 | 36 | 33 | 44 | 31 | 31 |
| Operating income | 12 | 16 | 24 | 24 | 22 | 15 | 35 | 40 |
| Income before tax | 18 | 18 | 27 | 27 | 24 | 18 | 37 | 41 |
| Income tax | 8 | 7 | 11 | 10 | 10 | 5 | 13 | 13 |
| Net income | 10 | 11 | 15 | 17 | 14 | 12 | 24 | 28 |
| Diluted EPS | $0.11 | $0.12 | $0.17 | $0.19 | $0.15 | $0.14 | $0.29 | $0.34 |
| EBITDA | 13 | 17 | 25 | 26 | 23 | 17 | 37 | 42 |
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