secwatch.observer — SEC 8-K summary
======================================

Issuer:     Progyny, Inc. (PGNY)
CIK:        0001551306
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001551306-25-000092
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Progyny Q1 revenue $324M (+16.5% YoY), raises FY2025 guidance above prior outlook
--------------------------------------------------------------------------------

- Q1 revenue $324.0M (+16.5% YoY); gross margin 23.4% vs 22.4% a year ago.
- Adjusted EBITDA $57.8M (17.8% margin) vs $50.3M (18.1% margin) in Q1 2024.
- Net income $15.1M ($0.17 EPS); adjusted EPS $0.48 vs $0.39 in prior year.
- FY2025 revenue guidance raised to $1.185B-$1.235B; adjusted EBITDA guided $190M-$203M.
- Fertility clients 532 (up from 451); ART cycles 16,160 (+9.2% YoY). Large client transition contributed $31.3M revenue in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1551306/000155130625000092/0001551306-25-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1551306/000155130625000092/pgny-20250508.htm
  HTML page:      https://secwatch.observer/filing/0001551306-25-000092

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