---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-007387"
form_type: "8-K"
ticker: "PGNY"
cik: "0001551306"
company_name: "Progyny, Inc."
filed_at: "2022-05-05T23:59:59+00:00"
generated_at: "2026-06-25T23:39:10.216758+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Progyny Q1 revenue $172.2M (+41%); net income $5.0M; raises FY22 guidance lower end

## Summary
- Revenue $172.2M (+41% YoY); gross profit $32.9M (+14%); net income $5.0M ($0.05 EPS) vs $15.2M prior year.
- Adjusted EBITDA $24.8M (+44%); margin 14.4% vs 14.1%.
- Clients grew to 264 from 179 a year ago; avg members 3.93M.
- Full-year revenue guidance narrowed to $735M-$775M; Q2 guidance $188M-$193M (46-50% growth).
- Cash used by ops $11.3M vs +$0.5M; cash/securities $105.7M, no debt.

## SEC filing metadata
- accession: 0001558370-22-007387
- form_type: 8-K
- ticker: PGNY
- cik: 0001551306
- company_name: Progyny, Inc.
- filed_at: 2022-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1551306/000155837022007387/0001558370-22-007387-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1551306/000155837022007387/pgny-20220505x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-007387
- JSON: https://secwatch.observer/filing/0001558370-22-007387.json
- Plain text: https://secwatch.observer/filing/0001558370-22-007387.txt

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