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Side-by-side financial comparison of BioRestorative Therapies, Inc. (BRTX) and Progyny, Inc. (PGNY). Click either name above to swap in a different company.

Progyny, Inc. is the larger business by last-quarter revenue ($318.4M vs $19.6K, roughly 16245.1× BioRestorative Therapies, Inc.). Progyny, Inc. runs the higher net margin — 3.9% vs -16365.5%, a 16369.4% gap on every dollar of revenue. On growth, Progyny, Inc. posted the faster year-over-year revenue change (6.7% vs -54.7%). Progyny, Inc. produced more free cash flow last quarter ($48.6M vs $-2.5M). Over the past eight quarters, Progyny, Inc.'s revenue compounded faster (7.0% CAGR vs -25.2%).

BioRestorative Therapies, Inc. is a clinical-stage biotechnology company focused on developing innovative regenerative medicine therapies. Its core pipeline includes candidate treatments for chronic lower back pain, metabolic disorders and other unmet medical needs, primarily serving markets in North America as it advances novel cell-based therapeutic candidates through clinical trials.

Progyny, Inc. is a leading fertility and family building benefits provider operating primarily in the United States. It partners with employers to offer benefits including in vitro fertilization, fertility preservation, adoption assistance, and surrogacy support, serving millions of members across diverse industry segments.

BRTX vs PGNY — Head-to-Head

Bigger by revenue
PGNY
PGNY
16245.1× larger
PGNY
$318.4M
$19.6K
BRTX
Growing faster (revenue YoY)
PGNY
PGNY
+61.4% gap
PGNY
6.7%
-54.7%
BRTX
Higher net margin
PGNY
PGNY
16369.4% more per $
PGNY
3.9%
-16365.5%
BRTX
More free cash flow
PGNY
PGNY
$51.1M more FCF
PGNY
$48.6M
$-2.5M
BRTX
Faster 2-yr revenue CAGR
PGNY
PGNY
Annualised
PGNY
7.0%
-25.2%
BRTX

Income Statement — Q4 2025 vs Q4 2025

Metric
BRTX
BRTX
PGNY
PGNY
Revenue
$19.6K
$318.4M
Net Profit
$-3.2M
$12.5M
Gross Margin
91.7%
24.1%
Operating Margin
-19516.8%
4.8%
Net Margin
-16365.5%
3.9%
Revenue YoY
-54.7%
6.7%
Net Profit YoY
-96.0%
18.5%
EPS (diluted)
$-0.31
$0.14

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BRTX
BRTX
PGNY
PGNY
Q4 25
$19.6K
$318.4M
Q3 25
$11.8K
$313.3M
Q2 25
$303.3K
$332.9M
Q1 25
$25.0K
$324.0M
Q4 24
$43.3K
$298.4M
Q3 24
$233.6K
$286.6M
Q2 24
$89.1K
$304.1M
Q1 24
$35.0K
$278.1M
Net Profit
BRTX
BRTX
PGNY
PGNY
Q4 25
$-3.2M
$12.5M
Q3 25
$-3.0M
$13.9M
Q2 25
$-2.7M
$17.1M
Q1 25
$-5.3M
$15.1M
Q4 24
$-1.6M
$10.5M
Q3 24
$-1.1M
$10.4M
Q2 24
$-4.0M
$16.5M
Q1 24
$-2.2M
$16.9M
Gross Margin
BRTX
BRTX
PGNY
PGNY
Q4 25
91.7%
24.1%
Q3 25
10.4%
23.2%
Q2 25
97.1%
23.7%
Q1 25
88.4%
23.4%
Q4 24
92.3%
21.3%
Q3 24
92.2%
20.7%
Q2 24
92.7%
22.5%
Q1 24
100.0%
22.4%
Operating Margin
BRTX
BRTX
PGNY
PGNY
Q4 25
-19516.8%
4.8%
Q3 25
-31432.3%
6.9%
Q2 25
-1089.8%
7.3%
Q1 25
-19230.1%
7.5%
Q4 24
-6212.8%
5.3%
Q3 24
-979.0%
4.3%
Q2 24
-2770.8%
6.8%
Q1 24
-11740.7%
6.7%
Net Margin
BRTX
BRTX
PGNY
PGNY
Q4 25
-16365.5%
3.9%
Q3 25
-25748.1%
4.4%
Q2 25
-875.8%
5.1%
Q1 25
-21359.2%
4.6%
Q4 24
-3778.6%
3.5%
Q3 24
-467.2%
3.6%
Q2 24
-4521.4%
5.4%
Q1 24
-6352.2%
6.1%
EPS (diluted)
BRTX
BRTX
PGNY
PGNY
Q4 25
$-0.31
$0.14
Q3 25
$-0.33
$0.15
Q2 25
$-0.30
$0.19
Q1 25
$-0.64
$0.17
Q4 24
$-0.20
$0.12
Q3 24
$-0.13
$0.11
Q2 24
$-0.50
$0.17
Q1 24
$-0.33
$0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BRTX
BRTX
PGNY
PGNY
Cash + ST InvestmentsLiquidity on hand
$3.0M
$112.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$356.7K
$516.0M
Total Assets
$4.1M
$742.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRTX
BRTX
PGNY
PGNY
Q4 25
$3.0M
$112.2M
Q3 25
$4.5M
$134.0M
Q2 25
$7.4M
$132.5M
Q1 25
$9.1M
$109.2M
Q4 24
$10.7M
$162.3M
Q3 24
$13.1M
$91.5M
Q2 24
$14.7M
$95.0M
Q1 24
$16.4M
$115.0M
Stockholders' Equity
BRTX
BRTX
PGNY
PGNY
Q4 25
$356.7K
$516.0M
Q3 25
$2.2M
$560.0M
Q2 25
$4.8M
$515.0M
Q1 25
$6.1M
$467.2M
Q4 24
$8.5M
$422.1M
Q3 24
$10.0M
$434.9M
Q2 24
$10.8M
$456.2M
Q1 24
$14.5M
$571.6M
Total Assets
BRTX
BRTX
PGNY
PGNY
Q4 25
$4.1M
$742.4M
Q3 25
$5.6M
$795.2M
Q2 25
$8.5M
$761.0M
Q1 25
$10.3M
$730.3M
Q4 24
$12.3M
$607.1M
Q3 24
$14.6M
$660.0M
Q2 24
$16.1M
$698.6M
Q1 24
$18.0M
$794.3M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BRTX
BRTX
PGNY
PGNY
Operating Cash FlowLast quarter
$-2.4M
$54.2M
Free Cash FlowOCF − Capex
$-2.5M
$48.6M
FCF MarginFCF / Revenue
-12728.8%
15.3%
Capex IntensityCapex / Revenue
406.5%
1.8%
Cash ConversionOCF / Net Profit
4.34×
TTM Free Cash FlowTrailing 4 quarters
$191.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRTX
BRTX
PGNY
PGNY
Q4 25
$-2.4M
$54.2M
Q3 25
$-2.9M
$50.7M
Q2 25
$-2.7M
$55.5M
Q1 25
$-2.8M
$49.8M
Q4 24
$-2.3M
$52.2M
Q3 24
$-1.7M
$44.5M
Q2 24
$-1.9M
$56.7M
Q1 24
$-2.3M
$25.7M
Free Cash Flow
BRTX
BRTX
PGNY
PGNY
Q4 25
$-2.5M
$48.6M
Q3 25
$46.0M
Q2 25
$50.2M
Q1 25
$-2.8M
$47.0M
Q4 24
$50.3M
Q3 24
$-1.8M
$42.7M
Q2 24
$55.8M
Q1 24
$24.9M
FCF Margin
BRTX
BRTX
PGNY
PGNY
Q4 25
-12728.8%
15.3%
Q3 25
14.7%
Q2 25
15.1%
Q1 25
-11260.7%
14.5%
Q4 24
16.8%
Q3 24
-752.6%
14.9%
Q2 24
18.4%
Q1 24
8.9%
Capex Intensity
BRTX
BRTX
PGNY
PGNY
Q4 25
406.5%
1.8%
Q3 25
0.0%
1.5%
Q2 25
0.0%
1.6%
Q1 25
145.6%
0.9%
Q4 24
0.6%
Q3 24
25.0%
0.6%
Q2 24
0.3%
Q1 24
0.3%
Cash Conversion
BRTX
BRTX
PGNY
PGNY
Q4 25
4.34×
Q3 25
3.65×
Q2 25
3.24×
Q1 25
3.31×
Q4 24
4.95×
Q3 24
4.27×
Q2 24
3.44×
Q1 24
1.52×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BRTX
BRTX

Segment breakdown not available.

PGNY
PGNY

Fertility Benefit Services$208.6M66%
Pharmacy Benefit Services$109.8M34%

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