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Progyny (PGNY) investor relations material
Progyny 44th Annual J.P. Morgan Healthcare Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Key business highlights
Achieved near 100% client retention for 10 years, adding 900,000 new lives in the 2025 selling season, now serving over 600 clients across 45+ industries.
Expanded offerings to include pregnancy, postpartum, parenting, leave and benefit navigation, and menopause services, with 2.7M lives enrolled in these new programs.
Diversified client base, reducing tech industry concentration from 18% to 15% of lives in two years; largest client now mid-single-digit revenue share.
Completed acquisition of Apryl to enhance global family-building benefits, with new services for pregnancy, postpartum, and menopause planned for 2026.
Fourth quarter results expected to be slightly above guidance due to strong demand and utilization.
Strategic initiatives and product innovation
Launched Progyny Select, a fully insured, pooled risk solution targeting small employers (100+ employees), expanding addressable market by 50 million lives to 156 million.
Progyny Select designed for predictable costs and margin parity with existing ASO model, with financial contribution expected from 2027.
New services powered by personalized member navigation, aiming to improve care coordination and member experience.
Investments in digital assets, AI, and operational infrastructure to support product expansion and member engagement.
Exploring addition of metabolic health/GLP-1 programs to address whole-person women's health.
Financial performance and outlook
Achieved 33% revenue CAGR and 51% Adjusted EBITDA CAGR since IPO, with 900+ basis points of Adjusted EBITDA margin expansion in 2025.
Medical cost trend for clients managed at 5% compounded increase over three years, compared to 27% industry average.
30% overall savings for plan sponsors due to favorable clinical outcomes and cost management.
Achieved over $500M in operating cash flow since 2023, with cash flow conversion rate consistently above 75% and reaching 110%.
Ongoing investments in new products and platforms expected to scale proportionally with business growth.
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- SOI
Q3 revenue €160m, up 18% sequentially, Edge & Cloud AI up 27%, Q4 set for 20% growth. - IFX
Q1 2026 revenue rose 7% year-over-year, driven by AI demand and increased investments. - ELS
2025 revenue soared 11x to $23M, with strong cash, major contracts, and a robust 2026 outlook. - V2RETAIL
Q3 FY26 saw 57% revenue and 99% PAT growth, with robust expansion and capital infusion. - UBSG
Net profit surged 53% in FY25, with integration and cost savings driving strong results. - 524348
Q3 FY26 revenue up 8% and PAT up 58%, with margin recovery and new projects ramping up. - BOTX
Record gold output and profit, with investments driving strong growth outlook for 2026. - BAJAJFINSV
Q3 FY26 profit was flat at ₹2,229 crore as strong growth was offset by one-time charges. - WAF
Sales and EBITDA fell, but 300 mm wafer demand grew as 2026 outlook remains challenging. - DEVYANI
Q3 FY26 saw double-digit revenue growth, margin gains, net losses, and major strategic changes.
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