Progyny, Inc. Announces First Quarter 2026 Results
Progyny reported Q1 revenue of $328.5 million, up 1.4% year-over-year, and net income of $24.2 million, or $0.29 per diluted share, significantly topping the prior year's $0.17. Gross margin expanded to 25.3% from 23.4% in the prior year, driven by operational efficiencies and lower stock-based compensation, while the company fully utilized its $200 million share repurchase authorization by buying back 8.8 million shares since November.
Key figures
- Eps
- 0.29
- Revenue
- 328500000
- Guidance
- FY26 Revenue $1.365B-$1.405B (growth 5.9%-9.0%; ex-client up 10.1%-13.3%); Adj EBITDA $232M-$244M; Adj EPS $1.98-$2.09
- Revenue Yoy
- 1.4%
- Net income
- 24232000
- Gross margin
- 25.3%
- Gross profit
- 83071000
- Adjusted ebitda
- 56583000
- Buyback cost q1
- 116400000
- Operating income
- 35379000
- Total buyback authorization
- 200000000
AI analysis
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