---
schema_version: "secwatch.filing_event.v1"
accession: "0001551306-26-000062"
form_type: "8-K"
ticker: "PGNY"
cik: "0001551306"
company_name: "Progyny, Inc."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:40:32.634849+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Progyny Q1 rev $328.5M (+1.4%), adj EPS $0.50; guides FY rev $1.365-1.405B

## Summary
- Q1 revenue $328.5M (+1.4% YoY); ex-lost client revenue grew 12.2%. Net income $24.2M ($0.29 diluted) vs $15.1M.
- Gross margin improved to 25.3% from 23.4%; Adjusted EBITDA $56.6M (17.2% margin) vs $57.8M (17.8%).
- Completed $200M buyback; repurchased 8.8M shares total. Board evaluating new program, decision by end of May.
- Client count 595 (up 63 YoY); covered lives ~7.2M. ART cycles 15,647 vs 16,160 (transition impact).
- FY 2026 guidance: rev $1.365-1.405B, adj EBITDA $232-244M, adj EPS $1.98-2.09. Q2: rev $342-355M.

## SEC filing metadata
- accession: 0001551306-26-000062
- form_type: 8-K
- ticker: PGNY
- cik: 0001551306
- company_name: Progyny, Inc.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1551306/000155130626000062/0001551306-26-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1551306/000155130626000062/pgny-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001551306-26-000062
- JSON: https://secwatch.observer/filing/0001551306-26-000062.json
- Plain text: https://secwatch.observer/filing/0001551306-26-000062.txt

## Source-grounded claims
- claim_id: 548ef457c494a5633321158011d7cf7b12ec01f7
  claim: Progyny, Inc. reported the three-month period ended March 31, 2026 results: revenue $328,504, net income $24,232, EPS $0.29.
  evidence_excerpt: returned value to our investors by repurchasing 8.8 million shares.” First Quarter 2026 Highlights: (unaudited; in thousands, except per share amounts) 1Q 2026 1Q 2025 Revenue $328,504 $324,038 Gross Profit $83,071 $75,795 Gross Margin 25.3% 23.4% Net Income $24,232 $15,059 Net Income per Diluted Share 1 $0.29 $0.17 Adjusted Earnings per Diluted Share 2 $0.50
  evidence_url: https://www.sec.gov/Archives/edgar/data/1551306/000155130626000062/0001551306-26-000062-index.htm

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