Progyny, Inc. · Misc Health & Allied Services, NEC

PGNY

Low riskNext report: Around Nov 5 (est.)

View price ↗

The short version

A profitable company with steady sales.

Going well

Profitable
Sales up 10% last year
Brings in more cash than it spends

Money moves

Insiders sold $53K in the last 30 days, all through pre-planned sales
Institutions cut 1.2% from their holdings in the quarter ending June 2026 (149 bought, 160 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$28.14-2.9% that day

Company value: $2.2B; Share price times all shares
Price vs profit (P/E): 30.6x; You pay about $31 for each $1 of yearly profit
Price vs sales: 1.6x; Company value is 1.6 times a year of sales
Cash vs value: 7%; Cash as a share of company value

From PGNY's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$350.5M+5.3% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $1.3B, up 5.5% from the 12 months before. Over 5 years, sales grew about 30% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of PGNY. Starting points are the company's recent numbers.

Sales growth+6% a yearRecently: +5.5% a yearProfit margin6%Last 12 months: 6.0%P/E at the end31xToday: 30.6x. Many steady companies trade at 12x to 25xShare count change-3% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$1.8B

Profit in 5 years$105M

Price these guesses point to$49.52+76% vs $28.14 todayAbout +12% a year, before dividends

What today's price needs: with a 6% margin and a 31x P/E, sales could shrink about 5.3% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

3/7Mixed

MissReturn on equity 15%+Earns a lot on the money owners have in the business.12.5%
PassDebt under half of equityNot relying on borrowed money.No debt reported
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.4.5%
MissProfitable every yearSteady profits, not one good year.7 of 9 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$191.8M
PassShare count not growingNot diluting owners. Falling means buybacks.-10.1% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.23.6%

Revenue: $1.3B; +10.4% vs prior year
5-year growth: +30.2%/yr; revenue, per year
Total debt: None; 0.00x equity
Current ratio: 2.73x; short-term assets / bills due

From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 6

Revenue: $350.5M; +5.3% YoY
EPS: $0.34; vs $0.19
Op. margin: 11.4%; +4.1 pts
Gross margin: 25.5%; +1.8 pts
Free cash flow: $44.2M
Share count: -8.4%; vs a year ago

Insider rating

Last 90 days

47Mixed

Pre-planned sales of $154K (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

0/ 100

This week: 1
Normal week: 1.2
vs normal: 0.8x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady-1.2%

Institutions cut 1.2% from their holdings. 149 bought, 160 sold. 3 quarters of net selling in a row.

Shares held by institutions79.2M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-7.0%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

No debt reported

Shares outstandingLatest reported

77M

Earnings reports

Last 12

Next reportAround Nov 5 (est.)Estimated from the same quarter last year

Results filedAug 6
Results filedMay 7
Results filedFeb 26
Results filedJan 12
Results filedNov 6, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

5%+ holder update (passive)Oct 27 · View filing ↗Big holder 5%+ holder update (passive)Aug 6 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$154K2 insiders, 2 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Melissa B CummingsChief Operating Officer	Sell	2K	$28.00	$53K	66K	Oct 14Filing ↗
-2.7% of their holdings Pre-planned sale (10b5-1) Filed 2 days after
Allison SwartzEVP, GC	Sell	4K	$26.10	$102K	76K	Sep 23Filing ↗
-4.9% of their holdings Pre-planned sale (10b5-1) Filed 5 days after