---
schema_version: "secwatch.filing_event.v1"
accession: "0001551306-24-000096"
form_type: "8-K"
ticker: "PGNY"
cik: "0001551306"
company_name: "Progyny, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T05:50:48.736948+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Progyny Q1 revenue up 7.6% to $278M; cuts FY revenue guidance to $1.23-1.27B

## Summary
- Q1 revenue $278.1M (+7.6% YoY), net income $16.9M ($0.17 diluted EPS), adjusted EPS $0.39.
- Adjusted EBITDA $50.3M (+8%), margin 18.1% vs 17.9% prior year period.
- FY 2024 revenue guidance lowered to $1.23-1.27B (from prior $1.27-1.31B) citing lower March utilization.
- Repurchased 723,577 shares for $26.4M in Q1; $32M remains under $100M buyback authorization.
- Clients grew 19% YoY to 451; ART cycles increased 12.4% to 14,802.

## SEC filing metadata
- accession: 0001551306-24-000096
- form_type: 8-K
- ticker: PGNY
- cik: 0001551306
- company_name: Progyny, Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1551306/000155130624000096/0001551306-24-000096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1551306/000155130624000096/pgny-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001551306-24-000096
- JSON: https://secwatch.observer/filing/0001551306-24-000096.json
- Plain text: https://secwatch.observer/filing/0001551306-24-000096.txt

## Key facts
- Earnings Releases
  Progyny, Inc. reported the three-month period ended March 31, 2024 results: revenue $278,078, net income $16,898, EPS $0.17.
  - Period: the three-month period ended March 31, 2024
  - Revenue: $278,078
  - Net income: $16,898
  - EPS: $0.17
  - Result: reported results
  source text: of February,” said Mark Livingston, Progyny’s Chief Financial Officer. First Quarter 2024 Highlights: (unaudited; in thousands, except per share amounts) 1Q 2024 1Q 2023 Revenue $278,078 $258,394 Gross Profit $62,406 $58,640 Gross Margin 22.4% 22.7% Net Income $16,898 $17,678 Net Income per Diluted Share 1 $0.17 $0.18 Adjusted Earnings Per Diluted Share 2 $0.39
  evidence_url: https://www.sec.gov/Archives/edgar/data/1551306/000155130624000096/0001551306-24-000096-index.htm

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