---
schema_version: "secwatch.filing_event.v1"
accession: "0001551306-24-000152"
form_type: "8-K"
ticker: "PGNY"
cik: "0001551306"
company_name: "Progyny, Inc."
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:15:15.848738+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Progyny Q2 beats on adjusted EBITDA but cuts full-year guidance on lower revenue per member

## Summary
- Q2 revenue $304.1M (+8.8% YoY), record Adj. EBITDA $54.5M (+15% YoY), margin 17.9%.
- Net income $16.5M ($0.17 diluted EPS); Adj. EPS $0.43 vs $0.36 a year ago.
- Board authorized $100M stock buyback; 6.8M shares repurchased YTD under prior programs.
- Full-year 2024 revenue guidance revised to $1.165-1.20B (7-10% growth); Adj. EBITDA $199-209M.
- Q3 2024 revenue guidance $290-303M; Adj. EBITDA $47.5-51.0M; citing lower revenue per utilizing member.

## SEC filing metadata
- accession: 0001551306-24-000152
- form_type: 8-K
- ticker: PGNY
- cik: 0001551306
- company_name: Progyny, Inc.
- filed_at: 2024-08-06T23:59:59+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/1551306/000155130624000152/0001551306-24-000152-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1551306/000155130624000152/pgny-20240806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001551306-24-000152
- JSON: https://secwatch.observer/filing/0001551306-24-000152.json
- Plain text: https://secwatch.observer/filing/0001551306-24-000152.txt

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