secwatch.observer — SEC 8-K summary
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Issuer:     Progyny, Inc. (PGNY)
CIK:        0001551306
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0001551306-25-000161
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1551306/000155130625000161/0001551306-25-000161-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1551306/000155130625000161/pgny-20250807.htm
  HTML page:      https://secwatch.observer/filing/0001551306-25-000161

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