Progyny Q1 net income rises 61% to $ 24.23 million; revenue climbs 1% to $ 328.5 million

• Progyny posted Q1 revenue of $ USD 328.5 million, up 1%, while net income climbed 61% to $ USD 24.2 million.
• Operating income rose to $ USD 35.4 million, lifting operating margin to 10.8% from 7.5% a year earlier.
• Gross margin widened 190 basis points to 25.3%, while adjusted EBITDA edged down 2.09% to $ USD 56.6 million.
• Client count increased to 595, covered lives under contract grew to 7,179,000, and utilization for all members ticked up to 0.56% from 0.54%.
• Share repurchases totaled 5,511,824 shares for $ USD 116.6 million, completing the November 2025 $ USD 200 million program.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Progyny Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001551306-26-000068), on May 08, 2026, and is solely responsible for the information contained therein.