Progyny, Inc. · NASDAQ:PGNY
Progyny — Q1 2026 Earnings Presentation
12 slides from Progyny's earnings presentation, May 7, 2026
Slide 1: 1st Quarter 2026 Earnings Supplement
1st Quarter 2026 Earnings Supplement May 2026 1 PLEASE REFER TO SLIDE 2 FOR THE SAFE HARBOR LANGUAGE REGARDING THIS PRESENTATION
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the
Slide 3: 1st Quarter 2026 Results: Key Highlights
1st Quarter 2026 Results: Key Highlights 1Q Financial Highlights Other Highlights • Revenue: • Share repurchase program: • 1.4% growth vs. 1Q 2025 • During 1Q, 5.5 million shares were • 12.2% growth when excluding impact of a repurchased for $116.4 million large, former client through the November 2
Slide 4: 1st Quarter 2026 Results: Revenue, Gross Profit, Adj. EBITDA, Op. Cash Flow
1st Quarter 2026 Results Highlights for 3-Month Period Ending March 31, 2026 Revenue Gross Profit Contribution from Large, Former Client* $M $M +1.4% +10% • 10% increase in gross $324.0 as reported • 1.4% growth vs. 1Q25; profit vs. 1Q25 +12% 12% when excluding the impact of large, • Gross margin ex
Slide 5: 1st Quarter 2026 Results: Business Metrics
1st Quarter 2026 Results Business Metrics Avg. Eligible Utilization1 Members Female Utilization In 000s 0.55% • 1Q26 utilization of • 7% increase in 0.48% 7,185 average members 0.45% 6,695 vs. prior year period • Longer-term utilization continues • A handful of 0.35% within the customary additional
Slide 6: 1st Quarter 2026 Results: Last Twelve Months Trends
1st Quarter 2026 Results Last Twelve Months Trends LTM Revenue LTM Gross Profit $M $B $312M $1.29B $1.21B $267M • $312M in trailing • $1.29B in trailing twelve-month gross twelve-month profit, an increase of revenue, an 17% relative to the increase of 6.6% year ago period relative to the year ago pe
Slide 7: Balance Sheet and Cash Position
Balance Sheet and Cash Position • Maintaining balance sheet strength and operational flexibility: • $225 million in cash, cash equivalents and marketable securities as of March 31, 2026 • No debt, and the $200 million revolving credit facility remains undrawn • 5.5 million shares repurchased during
Slide 8: 1st Quarter 2026 Results: Guidance Recap
1st Quarter 2026 Results Guidance Recap Three Month Period Ending Twelve Month Period Ending June 30, 2026 December 31, 2026 Revenue $342 - $355 million $1.365 - $1.405 billion Revenue growth 2.7% – 6.6%, or 8.3% - 12.4% excluding the $17.2M 5.9% - 9.0%, or 10.1% - 13.3% excluding the $48.5M of reve
Slide 9: Appendix
Appendix 9 PLEASE REFER TO SLIDE 2 FOR THE SAFE HARBOR LANGUAGE REGARDING THIS PRESENTATION
Slide 10: Reconciliations of Non-GAAP Financial Guidance
Reconciliations of Non-GAAP Financial Guidance Three Months Ending Year Ending (in thousands) June 30, 2026 December 31, 2026 Low High Low High Revenue $342,000 $355,000 $1,365,000 $1,405,000 Net Income $25,800 $28,700 $103,700 $112,300 Add: Depreciation and Amortization 2,500 2,500 11,000 11,000 St
Slide 11: Reconciliations of Non-GAAP Financial Guidance
Reconciliations of Non-GAAP Financial Guidance Three Months Ending Year Ending (in thousands) June 30, 2026 December 31, 2026 Low High Low High Net Income $25,800 $28,700 $103,700 $112,300 Add: Stock-based Compensation Expense 21,000 21,000 80,000 80,000 Income tax effect of non-GAAP (5,300) (5,300)
Slide 12: Reconciliations of GAAP to Non-GAAP Financial Measures
Reconciliations of GAAP to Non-GAAP Financial Measures (in thousands) 1Q 25 2Q 25 3Q 25 4Q 25 1Q26 Net income $15,059 $17,112 $13,864 $12,485 $24,232 Add: Depreciation and 1,108 1,205 1,268 1,367 1,483 amortization Stock-based 32,512 32,383 32,173 34,799 19,721 compensation expense Interest and othe