---
schema_version: "secwatch.filing_event.v1"
accession: "0001551306-25-000022"
form_type: "8-K"
ticker: "PGNY"
cik: "0001551306"
company_name: "Progyny, Inc."
filed_at: "2025-02-27T23:59:59+00:00"
generated_at: "2026-05-26T01:43:05.330335+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Progyny Q4 rev $298.4M (+10.6%); large client non-renewal pressures 2025 guide of 1-5% growth

## Summary
- Q4 revenue $298.4M (+10.6% YoY); net income $10.5M ($0.12 diluted EPS) vs $13.5M ($0.13) prior year.
- Adjusted Q4 EPS $0.42 vs $0.32 prior year; Adjusted EBITDA $47.5M (+10%).
- Full year 2024 revenue $1,167.2M (+7.2%); net income $54.3M ($0.57) vs $62.0M ($0.62).
- One large client did not renew for 2025; excluding it, 2024 revenue grew 8.5%; expects >530 clients in 2025.
- FY2025 guidance: revenue $1.175B-$1.225B (1-5% growth), adjusted EBITDA $188M-$201M, adjusted EPS $1.52-$1.62.

## SEC filing metadata
- accession: 0001551306-25-000022
- form_type: 8-K
- ticker: PGNY
- cik: 0001551306
- company_name: Progyny, Inc.
- filed_at: 2025-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1551306/000155130625000022/0001551306-25-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1551306/000155130625000022/pgny-20250227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001551306-25-000022
- JSON: https://secwatch.observer/filing/0001551306-25-000022.json
- Plain text: https://secwatch.observer/filing/0001551306-25-000022.txt

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