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

Issuer:     Progyny, Inc. (PGNY)
CIK:        0001551306
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001551306-26-000062
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1551306/000155130626000062/0001551306-26-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1551306/000155130626000062/pgny-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001551306-26-000062

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