---
schema_version: "secwatch.filing_event.v1"
accession: "0001551306-23-000005"
form_type: "8-K"
ticker: "PGNY"
cik: "0001551306"
company_name: "Progyny, Inc."
filed_at: "2023-01-09T23:59:59+00:00"
generated_at: "2026-06-20T17:48:37.124226+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Progyny reaffirms FY2022 high-end guidance; expects record Q4 operating cash flow ~$50M

## Summary
- Q4 and FY2022 revenue, net income, Adj. EBITDA expected at or near high-end of guidance issued Nov 28, 2022.
- Record Q4 operating cash flow of ~$50M; full-year ~$79M, reflecting high capital efficiency.
- More than 370 clients and 5.4 million covered lives for 2023; substantially all new clients already launched.
- Record new client wins in 2022; over 25% of existing clients expanded relationships despite macro environment.
- Early 2023 selling season activity very encouraging; family building benefits remain top employer priority.

## SEC filing metadata
- accession: 0001551306-23-000005
- form_type: 8-K
- ticker: PGNY
- cik: 0001551306
- company_name: Progyny, Inc.
- filed_at: 2023-01-09T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1551306/000155130623000005/0001551306-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1551306/000155130623000005/pgny-20230109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001551306-23-000005
- JSON: https://secwatch.observer/filing/0001551306-23-000005.json
- Plain text: https://secwatch.observer/filing/0001551306-23-000005.txt

## Key facts
- Earnings Releases
  Progyny, Inc. updated its quarter and year ended December 31, 2022 guidance (reaffirmed).
  - Period: quarter and year ended December 31, 2022
  - Guidance: reaffirmed
  - Result: guidance update
  source text: Progyny, Inc. (the “Company”) issued a press release to reaffirm the Company’s previously issued financial guidance for the three months and year ending December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1551306/000155130623000005/0001551306-23-000005-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.