secwatch.observer — SEC 8-K summary
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Issuer:     Progyny, Inc. (PGNY)
CIK:        0001551306
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001551306-25-000022
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1551306/000155130625000022/0001551306-25-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1551306/000155130625000022/pgny-20250227.htm
  HTML page:      https://secwatch.observer/filing/0001551306-25-000022

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer