---
schema_version: "secwatch.filing_event.v1"
accession: "0001551306-25-000161"
form_type: "8-K"
ticker: "PGNY"
cik: "0001551306"
company_name: "Progyny, Inc."
filed_at: "2025-08-07T23:59:59+00:00"
generated_at: "2026-05-17T17:32:05.931217+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Progyny Q2 revenue $332.9M (+9.5% YoY); raises FY2025 guidance on strong member engagement

## Summary
- Q2 revenue $332.9M, up 9.5% YoY; ex-large-client transition revenue grew 18%.
- Adjusted EBITDA $57.9M (17.4% margin); adjusted EPS $0.48 vs $0.43 prior year.
- Raises FY2025 revenue guidance to $1.235B-$1.270B; adjusted EPS guidance to $1.70-$1.78.
- Record H1 operating cash flow $105.3M; no debt; entered $200M revolver (undrawn).
- Fertility clients grew to 542 from 463 YoY; ART cycles 16,938 (+8.8% YoY).

## SEC filing metadata
- accession: 0001551306-25-000161
- form_type: 8-K
- ticker: PGNY
- cik: 0001551306
- company_name: Progyny, Inc.
- filed_at: 2025-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1551306/000155130625000161/0001551306-25-000161-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1551306/000155130625000161/pgny-20250807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001551306-25-000161
- JSON: https://secwatch.observer/filing/0001551306-25-000161.json
- Plain text: https://secwatch.observer/filing/0001551306-25-000161.txt

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