Progyny raises 2025 guidance as third-quarter revenue rises 9.3% to $313.3 million
Progyny reported third-quarter 2025 revenue of $313.3 million, up 9.3% from a year earlier, and net income of $13.9 million, or $0.15 per diluted share, versus $10.4 million, or $0.11, in the prior-year quarter. The company raised its full-year 2025 revenue and net income guidance and authorized a share repurchase of up to $200 million, which the guidance does not reflect. Revenue growth was reduced by a large client that did not renew, which contributed $32.8 million in the third quarter of 2024 and nothing in the third quarter of 2025.
Key points
- Q3 2025 revenue $313.3 million, up 9.3%; gross margin 23.2% vs 20.7%
- Q3 2025 net income $13.9 million, or $0.15 per diluted share, vs $10.4 million, or $0.11
- Full-year 2025 revenue guidance $1.263 billion to $1.278 billion; net income $58.5 million to $61.5 million
- Board authorized share repurchase of up to $200 million; guidance excludes its impact
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 06, 2025.
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