{"id":991661,"date":"2026-08-06T18:31:07","date_gmt":"2026-08-06T22:31:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/progyny-inc-announces-second-quarter-2026-results\/"},"modified":"2026-08-06T18:31:07","modified_gmt":"2026-08-06T22:31:07","slug":"progyny-inc-announces-second-quarter-2026-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/progyny-inc-announces-second-quarter-2026-results\/","title":{"rendered":"Progyny, Inc. Announces Second Quarter 2026 Results"},"content":{"rendered":"
\n

Reports Record Quarterly Revenue, Gross Profit and Adjusted EBITDA
Robust Selling Season Activity Continues to Reflect Strong Demand for Women’s Health, Family Building Solutions
Value Returned to Shareholders Through the Repurchase of Over 2 Million Shares Under Current Authorization<\/p>\n

NEW YORK, Aug. 06, 2026 (GLOBE NEWSWIRE) — Progyny, Inc. (Nasdaq: PGNY) (\u201cProgyny\u201d or the \u201cCompany\u201d), a global leader in women’s health and family building solutions, today announced its financial results for the three-month period ended June\u00a030, 2026 (\u201cthe second quarter of 2026\u201d), as compared to the three-month period ended June\u00a030, 2025 (\u201cthe second quarter of 2025\u201d or \u201cthe prior year period\u201d).<\/p>\n

\u201cThe strong second quarter results reflect that member engagement trended to the higher end of our expectations, as members continued to pursue the services they need in order to address their family building and overall health and well-being goals,\u201d said Pete Anevski, Chief Executive Officer of Progyny.<\/p>\n

\u201cAs we enter the heart of the selling season, momentum continues to be favorable and we’re extremely pleased with our overall progress,\u201d continued Anevski.\u00a0 \u201cNew lives and expected contribution from early commitments are pacing meaningfully ahead of this time last year; regarding renewals, based on commitments received to date, we’ve removed the vast majority of client retention risk with our largest accounts as well.\u201d<\/p>\n

\u201cThe second quarter results reflect strong topline growth, gross margin expansion, and the continued high conversion of Adjusted EBITDA to operating cash flow, which has given us the flexibility to continue investing in our platform while also returning value to shareholders through the repurchase of 2 million shares to date under the most recent authorization,\u201d said Mark Livingston, Chief Financial Officer of Progyny.<\/p>\n

\n Second Quarter 2026 Highlights:<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
(unaudited; in thousands, except per share amounts)<\/td>\n\n 2Q 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2Q 2025<\/strong>\n <\/td>\n<\/tr>\n
Revenue<\/td>\n$350,511<\/td>\n\u00a0<\/td>\n$332,874<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gross Profit<\/td>\n$89,301<\/td>\n\u00a0<\/td>\n$78,973<\/td>\n<\/tr>\n
\n Gross Margin<\/em>\n <\/td>\n\n 25.5<\/em>
\n %<\/em>\n <\/td>\n		\u00a0<\/td>\n\n 23.7<\/em>
\n %<\/em>\n <\/td>\n<\/tr>\n
Net Income<\/td>\n$28,052<\/td>\n\u00a0<\/td>\n$17,112<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net Income per Diluted Share1<\/sup><\/td>\n$0.34<\/td>\n\u00a0<\/td>\n$0.19<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjusted Earnings per Diluted Share2<\/sup><\/td>\n$0.55<\/td>\n\u00a0<\/td>\n$0.48<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjusted EBITDA2<\/sup><\/td>\n$62,104<\/td>\n\u00a0<\/td>\n$57,946<\/td>\n<\/tr>\n
\n Adjusted EBITDA Margin2<\/sup><\/em>\n <\/td>\n\n 17.7<\/em>
\n %<\/em>\n <\/td>\n		\u00a0<\/td>\n\n 17.4<\/em>
\n %<\/em>\n <\/td>\n<\/tr>\n
Trailing Twelve-Month Operating Cash Flow<\/td>\n$201,248<\/td>\n\u00a0<\/td>\n$201,997<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n
    \n
  1. Net income per diluted share reflects weighted-average shares outstanding as adjusted for potential dilutive securities, including options, restricted stock units, and shares issuable under the employee stock purchase plan.<\/li>\n
  2. Adjusted Earnings per Diluted Share, Adjusted EBITDA, and Adjusted EBITDA margin are financial measures that are not required by, or presented in accordance with U.S. generally accepted accounting principles (“GAAP”). Please see Annex A of this press release for a reconciliation of Adjusted Earnings per Diluted Share to earnings per share, and Adjusted EBITDA to net income, the most directly comparable financial measures stated in accordance with GAAP for each of the periods presented.\u00a0 We calculate Adjusted Earnings per Diluted Share as net income per diluted share excluding the impact of stock-based compensation, adjusted for the impact of taxes.\u00a0 We calculate Adjusted EBITDA margin as Adjusted EBITDA divided by revenue.<\/li>\n<\/ol>\n

    \n Financial Highlights<\/strong>\n <\/p>\n

    Revenue was $350.5 million, a 5.3% increase as compared to the $332.9 million reported in the second quarter of 2025, as the increase in the number of clients and covered lives was partially offset by the impact of the previously disclosed large client who did not renew its services for 2025, though it provided for an extended transition period over the first half of 2025 for members meeting certain criteria.\u00a0 There was no contribution from this client in the second quarter of 2026, and excluding the $17.2 million of revenue from this client in the second quarter of 2025, revenue increased 11.0%.<\/p>\n

      \n
    • Fertility benefit services revenue was $230.2 million, a 7.6% increase from the $213.9 million reported in the second quarter of 2025.<\/li>\n
    • Pharmacy benefit services revenue was $120.3 million, a 1.2% increase as compared to the $118.9 million reported in the second quarter of 2025.<\/li>\n<\/ul>\n

      Gross profit was $89.3 million, an increase of 13% from the $79.0 million reported in the second quarter of 2025, reflecting ongoing efficiencies realized in the delivery of our care management services as well as a decrease in stock-based compensation expense.\u00a0 Gross margin was 25.5%, as compared to 23.7% reported in the prior year.<\/p>\n

      Net income was $28.1 million, or $0.34 income per diluted share, as compared to the $17.1 million, or $0.19 income per diluted share, reported in the second quarter of 2025.\u00a0 The higher net income was due primarily to the higher operating profit and lower stock-based compensation expense, which was partially offset by lower interest and other income, net, and a higher provision for income taxes.<\/p>\n

      Adjusted EBITDA was $62.1 million, a increase of 7.2% as compared to the $57.9 million reported in the second quarter of 2025, as the higher gross profit was partially offset by planned investments to expand the features and functionality of our platform.\u00a0 Adjusted EBITDA margin was 17.7% as compared to the 17.4% Adjusted EBITDA margin in the second quarter of 2025.\u00a0 Refer to Annex A for a reconciliation of Adjusted EBITDA to net income.<\/p>\n

      \n Cash Flow<\/strong>
      \n
      Net cash provided by operating activities in the second quarter of 2026 was $50.4 million, as compared to $55.5 million provided by operating activities in the prior year period.\u00a0 Cash flow reflects the timing impact of certain working capital items in both periods.<\/p>\n

      \n Balance Sheet and Financial Position<\/strong>
      \n
      As of June\u00a030, 2026, the Company had total working capital of approximately $272.9 million and no debt.\u00a0 This included cash and cash equivalents and marketable securities of $236.9 million,\u00a0 an increase of $11.8 million from the balances as of March 31, 2026 as the operating cash flow generated during the quarter was partially offset by share repurchase activity during the quarter. The Company’s $200 million revolving credit facility remains undrawn, and the Company has no planned use for the facility at this time.<\/p>\n

      \n Share Repurchase Activity<\/strong>
      \n
      During the second quarter of 2026, the Company repurchased nearly 1.2 million shares of its common stock for a total cost of $31.5 million through its May 2026 share repurchase program, which provided for a total authorization of up to $200 million.\u00a0 To date, the Company has repurchased a cumulative 2 million shares of its common stock under this most recent program, and approximately $142.5 million remains under the existing authorization.\u00a0 In combination with its predecessor program which began in November 2025 and concluded earlier this year, the Company has now repurchased an aggregate 10.8 million shares under both its May 2026 and November 2025 share repurchase programs.<\/p>\n

      \n Key Metrics<\/strong>
      \n
      The Company had 604 fertility and family building clients as of June\u00a030, 2026, as compared to 542 clients as of June\u00a030, 2025.<\/p>\n\n\n\n\n\n\n\n\n
      \u00a0<\/td>\n\n Three Months Ended<\/strong>
      \n
      \n June 30,<\/strong>\n <\/td>\n      		\u00a0<\/td>\n\n Six Months Ended<\/strong>
      \n
      \n June 30,<\/strong>\n <\/td>\n<\/tr>\n
      \u00a0<\/td>\n\n 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2025<\/strong>\n <\/td>\n<\/tr>\n
      Assisted Reproductive Treatment (ART) Cycles(*)<\/sup><\/td>\n16,998<\/td>\n\u00a0<\/td>\n16,938<\/td>\n\u00a0<\/td>\n32,645<\/td>\n\u00a0<\/td>\n33,098<\/td>\n<\/tr>\n
      Utilization – All Members(**)<\/sup><\/td>\n0.56%<\/td>\n\u00a0<\/td>\n0.55%<\/td>\n\u00a0<\/td>\n0.85%<\/td>\n\u00a0<\/td>\n0.82%<\/td>\n<\/tr>\n
      Utilization – Female Only(**)<\/sup><\/td>\n0.49%<\/td>\n\u00a0<\/td>\n0.48%<\/td>\n\u00a0<\/td>\n0.71%<\/td>\n\u00a0<\/td>\n0.69%<\/td>\n<\/tr>\n
      Average Members(***)<\/sup><\/td>\n7,185,000<\/td>\n\u00a0<\/td>\n6,743,000<\/td>\n\u00a0<\/td>\n7,176,000<\/td>\n\u00a0<\/td>\n6,723,000<\/td>\n<\/tr>\n
      \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

      \n \n <\/p>\n\n\n\n\n\n
      *<\/td>\nRepresents the number of ART cycles performed, including IVF with a fresh embryo transfer, IVF freeze all cycles\/embryo banking, frozen embryo transfers, and egg freezing.\u00a0 Includes ART cycles performed in the first half of 2025 under the extended transition of care agreement with the large client who did not renew its service agreement.<\/td>\n<\/tr>\n
      **<\/td>\nRepresents the member utilization rate for all fertility and family building services, including, but not limited to, ART cycles, initial consultations, IUIs, and genetic testing.\u00a0 The utilization rate for all members includes all unique members (female and male) who utilize the benefit during that period, while the utilization rate for female only includes only unique females who utilize the benefit during that period.\u00a0 For purposes of calculating utilization rates in any given period, the results reflect the number of unique members utilizing the benefit for that period.\u00a0 Individual periods cannot be combined as member treatments may span multiple periods.\u00a0 Utilization for 2025 excludes activity under the extended transition of care agreement that ended June 30, 2025 with the large client who did not renew its service agreement, as only members meeting certain criteria were eligible to use the benefit.<\/td>\n<\/tr>\n
      ***<\/td>\nIncludes approximately 300,000 members from a single client who are not reflected in utilization as a result of the client’s chosen benefit design.\u00a0 2025 excludes the limited number of members who were eligible to use the benefit under the extended transition of care agreement that ended June 30, 2025 with the large client who did not renew its service agreement.<\/td>\n<\/tr>\n
      \u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

      \n Financial Outlook<\/strong>\n <\/p>\n

      Member engagement typically lessens during the peak of the summer months, and the third quarter guidance reflects a slightly more pronounced seasonal impact on member activity.\u00a0 With our present visibility, activity in September is consistent with the engagement seen over the first half of the year, and this is reflected in the assumptions for the remainder of the year.<\/p>\n

      The Company is providing the following financial guidance for both the three-month and full year periods ending September 30, 2026.<\/p>\n

        \n
      • Full Year 2026 Outlook:\n
          \n
        • Revenue is projected to be $1.360 billion to $1.385 billion, reflecting growth of 5.5% to 7.5%; excluding the $48.5 million of revenue in 2025 from the large client who was under a transition agreement in the first half of 2025, revenue is expected to increase by 9.7% to 11.7%<\/li>\n
        • Net income is projected to be $104.8 million to $109.9 million, or $1.26 to $1.32 per diluted share, on the basis of approximately 83 million assumed weighted-average fully diluted-shares outstanding<\/li>\n
        • Adjusted EBITDA1<\/sup> is projected to be $233.0 million to $240.0 million<\/li>\n
        • Adjusted earnings per diluted share1<\/sup> is projected to be $2.04 to $2.10\n<\/li>\n<\/ul>\n<\/li>\n
        • Third Quarter of 2026 Outlook:\n
            \n
          • Revenue is projected to be $335.0 million to $345.0 million, reflecting growth of 6.9% to 10.1%<\/li>\n
          • Net income is projected to be $24.5 million to $26.7 million, or $0.30 to $0.33 per diluted share, on the basis of approximately 82 million assumed weighted-average fully diluted-shares outstanding<\/li>\n
          • Adjusted EBITDA1<\/sup> is projected to be $56.0 million to $59.0 million<\/li>\n
          • Adjusted earnings per diluted share1<\/sup> is projected to be $0.50 to $0.52<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n
              \n
            1. Adjusted EBITDA and Adjusted earnings per diluted share are financial measures that are not required by, or presented in accordance with, GAAP.\u00a0 Please see Annex A of this press release for a reconciliation of forward-looking Adjusted EBITDA to forward-looking net income and Adjusted net income to net income, the most directly comparable financial measures stated in accordance with GAAP, for the period presented.<\/li>\n<\/ol>\n

              \n
              \n Conference Call Information<\/u>
              \n <\/strong>
              \n
              Progyny will host a conference call at 4:45 P.M. Eastern Time (1:45 P.M. Pacific Time) today, August 6, 2026, to discuss its financial results. Interested participants from the United States may join by calling 1.866.825.7331 and using conference ID 265484. Participants from international locations may join by calling 1.973.413.6106 and using the same conference ID. A replay of the call will be available until August 13, 2026 at 5:00 P.M. Eastern Time by dialing 1.800.332.6854 (U.S. participants) or 1.973.528.0005 (international) and entering passcode 265484. A live audio webcast of the call and subsequent replay will also be available through the Events & Presentations section of the Company\u2019s Investor Relations website at investors.progyny.com.<\/p>\n

              \n
              \n About Progyny<\/u>
              \n <\/strong>
              \n
              Progyny (Nasdaq: PGNY) is a global leader in women’s health and family building solutions, trusted by the nation’s leading employers, health plans and benefit purchasers. We envision a world where everyone can realize their dreams of family and ideal health. Our outcomes prove that comprehensive, inclusive and intentionally designed solutions simultaneously benefit employers, patients, and physicians.<\/p>\n

              Our benefits solution empowers patients with concierge support, coaching, education, and digital tools; provides access to a premier network of fertility and women’s health specialists who use the latest science and technologies; drives optimal clinical outcomes; and reduces healthcare costs.<\/p>\n

              Headquartered in New York City, Progyny has been recognized for its leadership and growth as a TIME100 Most Influential Company, CNBC Disruptor 50, Modern Healthcare\u2019s Best Places to Work in Healthcare, Forbes’ Best Employers, Financial Times Fastest Growing Companies, INC. 5000, INC. Power Partners and Crain\u2019s Fast 50 for NYC. For more information, visit www.progyny.com.<\/p>\n

              \n
              \n Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995<\/u>
              \n <\/strong>
              \n
              This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.\u00a0 We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our financial outlook for the third quarter and full year 2026, including the impact of our sales season and client launches; our anticipated number of clients and covered lives for 2026; our expected utilization rates and mix; the demand for our solutions; our expectations for our selling season for 2027 launches; our positioning to successfully manage economic uncertainty on our business; the timing of client decisions; our ability to retain existing clients and acquire new clients; and our business strategy, plans, goals and expectations concerning our market position, future operations, and other financial and operating information.\u00a0 The words \u201canticipates,\u201d \u201cassumes,\u201d \u201cbelieve,\u201d \u201ccontemplate,\u201d \u201ccontinues, \u201d \u201ccould,\u201d \u201cestimates,\u201d \u201cexpects,\u201d \u201cfuture,\u201d \u201cintends,\u201d \u201cmay,\u201d \u201cplans,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201cproject,\u201d \u201cseeks,\u201d \u201cshould,\u201d \u201ctarget,\u201d \u201cwill,\u201d and the negative of these or similar expressions and phrases are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions.<\/p>\n

              Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks include, without limitation, failure to meet our publicly announced guidance or other expectations about our business; competition in the market in which we operate; our history of operating losses and ability to sustain profitability; unfavorable conditions in our industry or the United States economy; our limited operating history and the difficulty in predicting our future results of operations; our ability to attract and retain clients and increase the adoption of services within our client base; the loss of any of our largest client accounts; changes in the technology industry; changes or developments in the health insurance market; negative publicity in the health benefits industry; lags, failures or security breaches in our computer systems or those of our vendors; a significant change in the utilization of our solutions; our ability to offer high-quality support; positive references from our existing clients; our ability to develop and expand our marketing and sales capabilities; the rate of growth of our future revenue; the accuracy of the estimates and assumptions we use to determine the size of target markets; our ability to successfully manage our growth; reductions in employee benefits spending; seasonal fluctuations in our sales; the adoption of new solutions and services by our clients or members; our ability to innovate and develop new offerings; our ability to adapt and respond to the changing medical landscape, regulations, and client needs, requirements or preferences; our ability to maintain and enhance our brand; our ability to attract and retain members of our management team, key employees, or other qualified personnel; risks related to any litigation against us; our ability to maintain our Center of Excellence network of healthcare providers; our strategic relationships with and monitoring of third parties; our ability to maintain our pharmacy distribution network if there is a disruption to our network or its associated supply chains; our relationship with key pharmacy program partners or any decline in rebates provided by them; our ability to maintain our relationships with benefits consultants; exposure to credit risk from our members; risks related to government regulation; risks related to our business with government entities; our ability to protect our intellectual property rights; risks related to acquisitions, strategic investments, or partnerships; federal tax reform and changes to our effective tax rate; the imposition of state and local state taxes; our ability to utilize a portion of our net operating loss or research tax credit carryforwards; our ability to develop or maintain effective internal control over financial reporting; and our ability to adapt and respond to the changing SEC or stakeholder expectations regarding environmental, social and governance practices. For a detailed discussion of these and other risk factors, please refer to our filings with the Securities and Exchange Commission (the \u201cSEC\u201d), including in the section entitled \u201cRisk Factors\u201d in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and subsequent reports that we file with the SEC, which are available at http:\/\/investors.progyny.com<\/em> and on the SEC\u2019s website at https:\/\/www.sec.gov<\/em>.<\/p>\n

              Forward-looking statements represent our management\u2019s beliefs and assumptions only as of the date of this press release. Our actual future results could differ materially from what we expect. Except as required by law, we assume no obligation to update these forward-looking statements publicly, or to update the reasons.<\/p>\n

              \n
              \n Non-GAAP Financial Measures<\/u>
              \n <\/strong>
              \n
              In addition to disclosing financial measures prepared in accordance with U.S. generally accepted accounting principles (\u201cGAAP\u201d), this press release and the accompanying tables include the non-GAAP financial measures Adjusted EBITDA, Adjusted EBITDA margin, and Adjusted earnings per diluted share.<\/p>\n

              Adjusted EBITDA, Adjusted EBITDA margin, and Adjusted earnings per diluted share are supplemental financial measures that are not required by, or presented in accordance with, GAAP. We believe that these non-GAAP measures, when taken together with our GAAP financial results, provide meaningful supplemental information regarding our operating performance and facilitates internal comparisons of our historical operating performance on a more consistent basis by excluding certain items that may not be indicative of our business, results of operations or outlook. In particular, we believe that the use of Adjusted EBITDA, Adjusted EBITDA margin, and Adjusted earnings per diluted share are helpful to our investors as they are measures used by management in assessing the health of our business, determining incentive compensation, evaluating our operating performance, and for internal planning and forecasting purposes.<\/p>\n

              Adjusted EBITDA, Adjusted EBITDA margin, and Adjusted earnings per diluted share are presented for supplemental informational purposes only, have limitations as analytical tools and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. Some of the limitations of Adjusted EBITDA, Adjusted EBITDA margin, and Adjusted earnings per diluted share include: (1) it does not properly reflect capital commitments to be paid in the future; (2) although depreciation and amortization are non-cash charges, the underlying assets may need to be replaced and Adjusted EBITDA does not reflect these capital expenditures; (3) it does not consider the impact of stock-based compensation expense; (4) it does not reflect other non-operating income and expenses, including interest and other income, net; and (5) it does not reflect tax payments that may represent a reduction in cash available to us. In addition, our non-GAAP measures may not be comparable to similarly titled measures of other companies because they may not calculate such measures in the same manner as we calculate these measures, limiting their usefulness as comparative measures. Because of these limitations, when evaluating our performance, you should consider Adjusted EBITDA, Adjusted EBITDA margin, and Adjusted earnings per diluted share alongside other financial performance measures, including our net income, gross margin, and our other GAAP results.<\/p>\n

              We calculate Adjusted EBITDA as net income, adjusted to exclude depreciation and amortization; stock-based compensation expense; interest and other income, net; and provision for income taxes. We calculate Adjusted EBITDA margin as Adjusted EBITDA divided by revenue. We calculate Adjusted earnings per diluted share as net income per diluted share excluding the impact of stock-based compensation, adjusted for the associated impact of taxes. Please see Annex A: \u201cReconciliation of GAAP to Non-GAAP Financial Measures\u201d elsewhere in this press release.<\/p>\n\n\n\n\n\n\n
              \n
              \n For Further Information, Please Contact:<\/u>
              \n <\/strong>\n <\/td>\n              		\u00a0<\/td>\n<\/tr>\n
              Investors:<\/td>\nMedia:<\/td>\n<\/tr>\n
              James Hart<\/td>\nAlexis Ford<\/td>\n<\/tr>\n
              investors@progyny.com<\/td>\nmedia@progyny.com<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

              \n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
              \n PROGYNY, INC.
              <\/strong>\n <\/td>\n<\/tr>\n
              \n Consolidated Balance Sheets
              <\/strong>\n <\/td>\n<\/tr>\n
              \n
              \n (Unaudited)<\/em>
              \n
              \n <\/strong>\n <\/td>\n<\/tr>\n
              \n
              \n (in thousands, except share and per share amounts)<\/em>
              \n
              \n <\/strong>\n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\n June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n December 31,<\/strong>\n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n\n 2026<\/strong>
              \n \n <\/td>\n              		\u00a0<\/td>\n\n 2025<\/strong>
              \n \n <\/td>\n<\/tr>\n
              \n ASSETS<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Current assets:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Cash and cash equivalents<\/td>\n$<\/td>\n152,632<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n112,238<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Marketable securities<\/td>\n\u00a0<\/td>\n84,293<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n197,858<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Accounts receivable, net of $54,735 and $55,659 of allowances at June\u00a030, 2026 and December\u00a031, 2025, respectively<\/td>\n\u00a0<\/td>\n257,476<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n220,287<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Prepaid expenses and other current assets<\/td>\n\u00a0<\/td>\n18,617<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,392<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Total current assets<\/td>\n\u00a0<\/td>\n513,018<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n551,775<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Property and equipment, net<\/td>\n\u00a0<\/td>\n41,992<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29,927<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Operating lease right-of-use assets<\/td>\n\u00a0<\/td>\n23,577<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,990<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Goodwill<\/td>\n\u00a0<\/td>\n19,853<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,978<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Intangible assets, net<\/td>\n\u00a0<\/td>\n5,748<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,216<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Deferred tax assets, net<\/td>\n\u00a0<\/td>\n93,077<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n93,013<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Other noncurrent assets<\/td>\n\u00a0<\/td>\n18,571<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,536<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \n Total assets<\/strong>\n <\/td>\n$<\/td>\n715,836<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n742,435<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \n LIABILITIES AND STOCKHOLDERS\u2019 EQUITY<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Current liabilities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Accounts payable<\/td>\n$<\/td>\n152,050<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n124,071<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Accrued expenses and other current liabilities<\/td>\n\u00a0<\/td>\n88,034<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78,320<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Total current liabilities<\/td>\n\u00a0<\/td>\n240,084<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n202,391<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Operating lease noncurrent liabilities<\/td>\n\u00a0<\/td>\n22,495<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,000<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \n Total liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n262,579<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n226,391<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Commitments and Contingencies<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \n STOCKHOLDERS’ EQUITY<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Common stock, $0.0001 par value; 1,000,000,000 shares authorized; at June\u00a030, 2026 and December\u00a031, 2025, respectively; 99,774,414 and 99,049,485 shares issued; 77,390,288 and 83,365,696 outstanding at June\u00a030, 2026 and December\u00a031, 2025, respectively<\/td>\n\u00a0<\/td>\n9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Additional paid-in capital<\/td>\n\u00a0<\/td>\n735,417<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n700,785<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Treasury stock, at cost, $0.0001 par value; 23,000,106 and 16,299,769 shares at June\u00a030, 2026 and December\u00a031, 2025, respectively<\/td>\n\u00a0<\/td>\n(537,525<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(388,075<\/td>\n)<\/td>\n<\/tr>\n
              Accumulated earnings<\/td>\n\u00a0<\/td>\n255,111<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n202,827<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Accumulated other comprehensive income<\/td>\n\u00a0<\/td>\n245<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n498<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \n Total stockholders\u2019 equity<\/strong>\n <\/td>\n\u00a0<\/td>\n453,257<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n516,044<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \n Total liabilities and stockholders\u2019 equity<\/strong>\n <\/td>\n$<\/td>\n715,836<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n742,435<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

              \n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
              \n PROGYNY, INC.
              <\/strong>\n <\/td>\n<\/tr>\n
              \n Consolidated Statements of Operations
              <\/strong>\n <\/td>\n<\/tr>\n
              \n
              \n (Unaudited)<\/em>
              \n
              \n <\/strong>\n <\/td>\n<\/tr>\n
              \n
              \n (in thousands, except share and per share amounts)<\/em>
              \n
              \n <\/strong>\n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\n Three Months Ended<\/strong>
              \n
              \n June 30,<\/strong>\n <\/td>\n              		\u00a0<\/td>\n\n Six Months Ended<\/strong>
              \n
              \n June 30,<\/strong>\n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n\n 2026<\/strong>
              \n \n <\/td>\n              		\u00a0<\/td>\n\n 2025<\/strong>
              \n \n <\/td>\n              		\u00a0<\/td>\n\n 2026<\/strong>
              \n \n <\/td>\n              		\u00a0<\/td>\n\n 2025<\/strong>
              \n \n <\/td>\n<\/tr>\n
              Revenue<\/td>\n$<\/td>\n350,511<\/td>\n\u00a0<\/td>\n$<\/td>\n332,874<\/td>\n\u00a0<\/td>\n$<\/td>\n679,015<\/td>\n\u00a0<\/td>\n$<\/td>\n656,912<\/td>\n<\/tr>\n
              Cost of services<\/td>\n\u00a0<\/td>\n261,210<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n253,901<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n506,643<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n502,144<\/td>\n<\/tr>\n
              Gross profit<\/td>\n\u00a0<\/td>\n89,301<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78,973<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n172,372<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n154,768<\/td>\n<\/tr>\n
              Operating expenses:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Sales and marketing<\/td>\n\u00a0<\/td>\n18,074<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,405<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34,958<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n36,191<\/td>\n<\/tr>\n
              General and administrative<\/td>\n\u00a0<\/td>\n31,224<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n36,210<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n62,032<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n70,049<\/td>\n<\/tr>\n
              Total operating expenses<\/td>\n\u00a0<\/td>\n49,298<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n54,615<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n96,990<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n106,240<\/td>\n<\/tr>\n
              Income from operations<\/td>\n\u00a0<\/td>\n40,003<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,358<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n75,382<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n48,528<\/td>\n<\/tr>\n
              Interest and other income, net<\/td>\n\u00a0<\/td>\n1,134<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,719<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,638<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,086<\/td>\n<\/tr>\n
              Income before income taxes<\/td>\n\u00a0<\/td>\n41,137<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27,077<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78,020<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n53,614<\/td>\n<\/tr>\n
              Provision for income taxes<\/td>\n\u00a0<\/td>\n13,085<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,965<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,736<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,443<\/td>\n<\/tr>\n
              Net income<\/td>\n$<\/td>\n28,052<\/td>\n\u00a0<\/td>\n$<\/td>\n17,112<\/td>\n\u00a0<\/td>\n$<\/td>\n52,284<\/td>\n\u00a0<\/td>\n$<\/td>\n32,171<\/td>\n<\/tr>\n
              Net income per share:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Basic<\/td>\n$<\/td>\n0.36<\/td>\n\u00a0<\/td>\n$<\/td>\n0.20<\/td>\n\u00a0<\/td>\n$<\/td>\n0.66<\/td>\n\u00a0<\/td>\n$<\/td>\n0.38<\/td>\n<\/tr>\n
              Diluted<\/td>\n$<\/td>\n0.34<\/td>\n\u00a0<\/td>\n$<\/td>\n0.19<\/td>\n\u00a0<\/td>\n$<\/td>\n0.63<\/td>\n\u00a0<\/td>\n$<\/td>\n0.36<\/td>\n<\/tr>\n
              Weighted-average shares used in computing net income per share:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Basic<\/td>\n\u00a0<\/td>\n78,165,235<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n85,766,254<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n79,528,569<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n85,644,091<\/td>\n<\/tr>\n
              Diluted<\/td>\n\u00a0<\/td>\n82,141,428<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n89,638,677<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n83,476,446<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n89,507,906<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

              \n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
              \n PROGYNY, INC.
              <\/strong>\n <\/td>\n<\/tr>\n
              \n Consolidated Statements of Cash Flows
              <\/strong>\n <\/td>\n<\/tr>\n
              \n
              \n (Unaudited)<\/em>
              \n
              \n <\/strong>\n <\/td>\n<\/tr>\n
              \n
              \n (in thousands)<\/em>
              \n
              \n <\/strong>\n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\n Six Months Ended<\/strong>
              \n
              \n June 30,<\/strong>\n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n\n 2026<\/strong>
              \n \n <\/td>\n              		\u00a0<\/td>\n\n 2025<\/strong>
              \n \n <\/td>\n<\/tr>\n
              \n OPERATING ACTIVITIES<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Net income<\/td>\n$<\/td>\n52,284<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n32,171<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Adjustments to reconcile net income to net cash provided by operating activities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Deferred tax expense<\/td>\n\u00a0<\/td>\n20<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Non-cash interest expense<\/td>\n\u00a0<\/td>\n437<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Depreciation and amortization<\/td>\n\u00a0<\/td>\n3,106<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,313<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Loss on disposal of property and equipment<\/td>\n\u00a0<\/td>\n580<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n79<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Stock-based compensation expense<\/td>\n\u00a0<\/td>\n40,199<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n64,895<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Bad debt expense<\/td>\n\u00a0<\/td>\n10,176<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,017<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Net accretion of discounts on marketable securities<\/td>\n\u00a0<\/td>\n566<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Changes in operating assets and liabilities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Accounts receivable, net<\/td>\n\u00a0<\/td>\n(47,388<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(47,166<\/td>\n)<\/td>\n<\/tr>\n
              Prepaid expenses and other current assets<\/td>\n\u00a0<\/td>\n3,808<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7,946<\/td>\n)<\/td>\n<\/tr>\n
              Accounts payable<\/td>\n\u00a0<\/td>\n27,843<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n45,207<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Accrued expenses and other current liabilities<\/td>\n\u00a0<\/td>\n7,979<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,852<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Other noncurrent assets and liabilities<\/td>\n\u00a0<\/td>\n(3,236<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,154<\/td>\n)<\/td>\n<\/tr>\n
              Net cash provided by operating activities<\/td>\n\u00a0<\/td>\n96,374<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n105,318<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \n INVESTING ACTIVITIES<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Purchase of property and equipment, net<\/td>\n\u00a0<\/td>\n(12,566<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(8,112<\/td>\n)<\/td>\n<\/tr>\n
              Purchase of marketable securities<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(200,088<\/td>\n)<\/td>\n<\/tr>\n
              Sale of marketable securities<\/td>\n\u00a0<\/td>\n112,712<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n93,015<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Acquisition of business, net of cash acquired<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(9,340<\/td>\n)<\/td>\n<\/tr>\n
              Net cash provided by (used in) investing activities<\/td>\n\u00a0<\/td>\n100,146<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(124,525<\/td>\n)<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \n FINANCING ACTIVITIES<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Repurchase of common stock<\/td>\n\u00a0<\/td>\n(148,630<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Payment of excise tax from repurchase of common stock<\/td>\n\u00a0<\/td>\n(528<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Proceeds from exercise of stock options<\/td>\n\u00a0<\/td>\n31<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Payment of employee taxes related to equity awards<\/td>\n\u00a0<\/td>\n(7,547<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6,195<\/td>\n)<\/td>\n<\/tr>\n
              Proceeds from contributions to employee stock purchase plan<\/td>\n\u00a0<\/td>\n666<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n560<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Net cash used in financing activities<\/td>\n\u00a0<\/td>\n(156,008<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,617<\/td>\n)<\/td>\n<\/tr>\n
              Effect of exchange rate changes on cash, cash equivalents, and restricted cash<\/td>\n\u00a0<\/td>\n(102<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n52<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Net increase (decrease) in cash, cash equivalents, and restricted cash<\/td>\n\u00a0<\/td>\n40,410<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(24,772<\/td>\n)<\/td>\n<\/tr>\n
              Cash, cash equivalents, and restricted cash, beginning of period<\/td>\n\u00a0<\/td>\n114,193<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n162,314<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Cash, cash equivalents, and restricted cash, end of period<\/td>\n$<\/td>\n154,603<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n137,542<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Cash and cash equivalents<\/td>\n$<\/td>\n152,632<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n132,506<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Restricted cash included within prepaid expenses and other current assets<\/td>\n\u00a0<\/td>\n1,046<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Restricted cash included within other noncurrent assets<\/td>\n\u00a0<\/td>\n925<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,036<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Total cash, cash equivalents, and restricted cash<\/td>\n$<\/td>\n154,603<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n137,542<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \n SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Cash paid for income taxes, net of refunds received<\/td>\n$<\/td>\n18,981<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n24,342<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \n SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Additions of property and equipment, net included in accounts payable and accrued expenses<\/td>\n$<\/td>\n2,116<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n468<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Repurchases of common stock recorded in accrued expenses and other current liabilities<\/td>\n$<\/td>\n1,501<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Excise tax payable on common stock included in accrued expenses and other current liabilities<\/td>\n$<\/td>\n1,321<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Payment of employee taxes related to equity awards included in accrued expenses and other current liabilities<\/td>\n$<\/td>\n971<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n22<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

              \n \n <\/p>\n

              \n ANNEX A<\/strong>\n <\/p>\n

              \n PROGYNY, INC.<\/strong>
              \n
              \n Reconciliation of GAAP to Non-GAAP Financial Measures<\/strong>
              \n
              \n
              \n (Unaudited)<\/em>
              \n <\/strong>
              \n
              \n
              \n (in thousands, except share and per share amounts)<\/em>
              \n <\/strong>\n <\/p>\n

              \n
              \n Costs of Services, Gross Margin and Operating Expenses Excluding Stock-Based Compensation Calculation<\/u>
              \n <\/strong>
              \n
              The following table provides a reconciliation of cost of services, gross profit, sales and marketing and general and administrative expenses to each of these measures excluding the impact of stock-based compensation expense for each of the periods presented:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
              \u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n\n June 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\n June 30, 2025<\/strong>\n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n\n GAAP<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Stock-Based<\/strong>
              \n
              \n Compensation<\/strong>
              \n
              \n Expense<\/strong>\n <\/td>\n              		\u00a0<\/td>\n\n Non-GAAP<\/strong>\n <\/td>\n\u00a0<\/td>\n\n GAAP<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Stock-Based<\/strong>
              \n
              \n Compensation<\/strong>
              \n
              \n Expense<\/strong>\n <\/td>\n              		\u00a0<\/td>\n\n Non-GAAP<\/strong>\n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Cost of services<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 261,210<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (6,133<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 255,077<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 253,901<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (9,542<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 244,359<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Gross profit<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 89,301<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6,133<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 95,434<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 78,973<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 9,542<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 88,515<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Sales and marketing<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 18,074<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (5,570<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 12,504<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 18,405<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (8,184<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10,221<\/td>\n\u00a0<\/td>\n<\/tr>\n
              General and administrative<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 31,224<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (8,775<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 22,449<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 36,210<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (14,657<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 21,553<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \n Expressed as a Percentage of Revenue<\/u>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Gross margin<\/td>\n\u00a0<\/td>\n25.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.7<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27.2<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23.7<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.9<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26.6<\/td>\n%<\/td>\n<\/tr>\n
              Sales and marketing<\/td>\n\u00a0<\/td>\n5.2<\/td>\n%<\/td>\n\u00a0<\/td>\n(1.6) %<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.6<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5.5<\/td>\n%<\/td>\n\u00a0<\/td>\n(2.5) %<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.1<\/td>\n%<\/td>\n<\/tr>\n
              General and administrative<\/td>\n\u00a0<\/td>\n8.9<\/td>\n%<\/td>\n\u00a0<\/td>\n(2.5) %<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6.4<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.9<\/td>\n%<\/td>\n\u00a0<\/td>\n(4.4) %<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6.5<\/td>\n%<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\n Six Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Six Months Ended<\/strong>\n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n\n June 30, 2026<\/strong>\n <\/td>\n\u00a0<\/td>\n\n June 30, 2025<\/strong>\n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n\n GAAP<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Stock-Based<\/strong>
              \n
              \n Compensation<\/strong>
              \n
              \n Expense<\/strong>\n <\/td>\n              		\u00a0<\/td>\n\n Non-GAAP<\/strong>\n <\/td>\n\u00a0<\/td>\n\n GAAP<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Stock-Based<\/strong>
              \n
              \n Compensation<\/strong>
              \n
              \n Expense<\/strong>\n <\/td>\n              		\u00a0<\/td>\n\n Non-GAAP<\/strong>\n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Cost of services<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 506,643<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (12,403<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 494,240<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 502,144<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (18,940<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 483,204<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Gross profit<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 172,372<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 12,403<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 184,775<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 154,768<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 18,940<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 173,708<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Sales and marketing<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 34,958<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (11,125<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 23,833<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 36,191<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (16,059<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 20,132<\/td>\n\u00a0<\/td>\n<\/tr>\n
              General and administrative<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 62,032<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (16,671<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 45,361<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 70,049<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (29,896<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 40,153<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \n Expressed as a Percentage of Revenue<\/u>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Gross margin<\/td>\n\u00a0<\/td>\n25.4<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.8<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27.2<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23.6<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.9<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26.4<\/td>\n%<\/td>\n<\/tr>\n
              Sales and marketing<\/td>\n\u00a0<\/td>\n5.1<\/td>\n%<\/td>\n\u00a0<\/td>\n(1.6) %<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5.5<\/td>\n%<\/td>\n\u00a0<\/td>\n(2.4) %<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.1<\/td>\n%<\/td>\n<\/tr>\n
              General and administrative<\/td>\n\u00a0<\/td>\n9.1<\/td>\n%<\/td>\n\u00a0<\/td>\n(2.5) %<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6.7<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.7<\/td>\n%<\/td>\n\u00a0<\/td>\n(4.6) %<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6.1<\/td>\n%<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

              Note: percentages shown in the table may not cross foot due to rounding.<\/p>\n

              \n
              \n Adjusted Earnings Per Diluted Share Calculation<\/u>
              \n <\/strong>
              \n
              The following table provides a reconciliation of net income to Adjusted Earnings Per Diluted Share for each of the periods presented:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
              \u00a0<\/td>\n\n Three months ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Six Months Ended<\/strong>\n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n\n June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n June 30,<\/strong>\n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n\n 2026<\/strong>
              \n \n <\/td>\n              		\u00a0<\/td>\n\n 2025<\/strong>
              \n \n <\/td>\n              		\u00a0<\/td>\n\n 2026<\/strong>
              \n \n <\/td>\n              		\u00a0<\/td>\n\n 2025<\/strong>
              \n \n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Net Income<\/td>\n$<\/td>\n28,052<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n17,112<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n52,284<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n32,171<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Add:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Stock-based compensation expense<\/td>\n\u00a0<\/td>\n20,478<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32,383<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n40,199<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n64,895<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Income tax effect of non-GAAP adjustment<\/td>\n\u00a0<\/td>\n(3,316<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6,090<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,256<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(10,613<\/td>\n)<\/td>\n<\/tr>\n
              Adjusted Net income<\/td>\n$<\/td>\n45,214<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n43,405<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n87,227<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n86,453<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Diluted Shares<\/td>\n\u00a0<\/td>\n82,141,428<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n89,638,677<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n83,476,446<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n89,507,906<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Adjusted Earnings Per Diluted Share<\/td>\n$<\/td>\n0.55<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.48<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.04<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.97<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

              \n
              \n Adjusted EBITDA Calculation<\/u>
              \n <\/strong>
              \n
              The following table provides a reconciliation of net income to Adjusted EBITDA for each of the periods presented:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
              \u00a0<\/td>\n\n Three months ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Six Months Ended<\/strong>\n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n\n June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n June 30,<\/strong>\n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n\n 2026<\/strong>
              \n \n <\/td>\n              		\u00a0<\/td>\n\n 2025<\/strong>
              \n \n <\/td>\n              		\u00a0<\/td>\n\n 2026<\/strong>
              \n \n <\/td>\n              		\u00a0<\/td>\n\n 2025<\/strong>
              \n \n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Net income<\/td>\n$<\/td>\n28,052<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n17,112<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n52,284<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n32,171<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Add:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Depreciation and amortization<\/td>\n\u00a0<\/td>\n1,623<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,205<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,106<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,313<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Stock\u2011based compensation expense<\/td>\n\u00a0<\/td>\n20,478<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32,383<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n40,199<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n64,895<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Interest and other income, net<\/td>\n\u00a0<\/td>\n(1,134<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,719<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,638<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,086<\/td>\n)<\/td>\n<\/tr>\n
              Provision for income taxes<\/td>\n\u00a0<\/td>\n13,085<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,965<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,736<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,443<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Adjusted EBITDA<\/td>\n$<\/td>\n62,104<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n57,946<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n118,687<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n115,736<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Revenue<\/td>\n$<\/td>\n350,511<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n332,874<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n679,015<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n656,912<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

              \n
              \n Reconciliation of Non-GAAP Financial Guidance for the Three Months Ending September 30, 2026 and Year Ending December 31, 2026<\/u>
              \n <\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
              \u00a0<\/td>\n\n Three Months Ending<\/strong>
              \n
              \n September 30, 2026<\/strong>\n <\/td>\n              		\u00a0<\/td>\n\n Year Ending<\/strong>
              \n
              \n December 31, 2026<\/strong>\n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n\n Low<\/strong>\n <\/td>\n\u00a0<\/td>\n\n High<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Low<\/strong>\n <\/td>\n\u00a0<\/td>\n\n High<\/strong>\n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Revenue<\/td>\n$<\/td>\n335,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n345,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,360,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,385,000<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Net Income<\/td>\n$<\/td>\n24,500<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n26,700<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n104,800<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n109,900<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Add:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Depreciation and amortization<\/td>\n\u00a0<\/td>\n2,300<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,300<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,800<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,800<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Stock-based compensation expense<\/td>\n\u00a0<\/td>\n21,500<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,500<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n80,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n80,000<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Interest and other income, net<\/td>\n\u00a0<\/td>\n(2,000<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,000<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7,000<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7,000<\/td>\n)<\/td>\n<\/tr>\n
              Provision for income taxes<\/td>\n\u00a0<\/td>\n9,700<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,500<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n46,400<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n48,300<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Adjusted EBITDA*<\/td>\n$<\/td>\n56,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n59,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n233,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n240,000<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

              \n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
              \u00a0<\/td>\n\n Three Months Ending <\/strong>
              \n
              \n September 30, 2026<\/strong>\n <\/td>\n              		\u00a0<\/td>\n\n Year Ending <\/strong>
              \n
              \n December 31, 2026<\/strong>\n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n\n Low<\/strong>\n <\/td>\n\u00a0<\/td>\n\n High<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Low<\/strong>\n <\/td>\n\u00a0<\/td>\n\n High<\/strong>\n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \n Net Income<\/strong>\n <\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 24,500<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 26,700<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 104,800<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 109,900<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Add:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Stock-based compensation<\/td>\n\u00a0<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 21,500<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 21,500<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 80,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 80,000<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Income tax effect of non-GAAP adjustment<\/td>\n\u00a0<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (5,400<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (5,400<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (15,200<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (15,200<\/td>\n)<\/td>\n<\/tr>\n
              \n Adjusted Net income*<\/strong>\n <\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 40,600<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 42,800<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 169,600<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 174,700<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Diluted Shares<\/td>\n\u00a0<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 82,000,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 82,000,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 83,000,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 83,000,000<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \n Adjusted Earnings Per Diluted Share<\/strong>\n <\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.50<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.52<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2.04<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2.10<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

              * All of the numbers in the tables above reflect our future outlook as of the date hereof.\u00a0 Net income, Adjusted Net Income and Adjusted EBITDA ranges do not reflect any estimate for other potential activities and transactions, nor do they contemplate any discrete income tax items, including the income tax impact related to equity compensation activity.<\/p>\n

              \n
              \n Assisted Reproductive Technology (ART) Cycles per Unique Female Utilizer<\/u>
              \n <\/strong>\n <\/p>\n

              The following tables provide historical trend and guidance assumptions for average members, female utilization rate, and ART Cycles per Unique Female Utilizer for the full year and quarterly periods presented:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Guidance Assumptions For:<\/strong>\n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Year Ending December 31, 2026<\/strong>\n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n\n Year Ending December 31,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Low End as of<\/strong>\n <\/td>\n\u00a0<\/td>\n\n High End as of<\/strong>\n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n\n 2021<\/strong>
              \n \n <\/td>\n              		\u00a0<\/td>\n\n 2022<\/strong>
              \n \n <\/td>\n              		\u00a0<\/td>\n\n 2023<\/strong>
              \n \n <\/td>\n              		\u00a0<\/td>\n\n 2024 1<\/sup><\/strong>
              \n \n <\/td>\n              		\u00a0<\/td>\n\n 2025 1<\/sup><\/strong>
              \n \n <\/td>\n              		\u00a0<\/td>\n\n August 6, 20261<\/sup><\/strong>\n <\/td>\n\u00a0<\/td>\n\n August 6, 20261<\/sup><\/strong>\n <\/td>\n<\/tr>\n
              Average Members<\/td>\n\u00a0<\/td>\n2,812,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,349,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,383,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,104,0001<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,419,0001<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,900,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,900,000<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Female Utilization Rate<\/td>\n\u00a0<\/td>\n1.07<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.03<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.09<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.07<\/td>\n%<\/td>\n\u00a0<\/td>\n1.04%2<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.04<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.05<\/td>\n%<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Female Unique Utilizers<\/td>\n\u00a0<\/td>\n30,053<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n44,600<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n58,596<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n65,077<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n66,7732<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n72,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n72,500<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              ART Cycles<\/td>\n\u00a0<\/td>\n28,413<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n42,598<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n58,013<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n61,114<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n65,006<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n66,700<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n68,000<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              ART Cycles per Unique Female Utilizer<\/td>\n\u00a0<\/td>\n0.95<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.96<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.99<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.94<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.93<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.93<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.94<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              Revenue ($ in millions)<\/td>\n$500.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$786.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$1,088.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$1,167.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$1,288.7<\/td>\n\u00a0<\/td>\n$1,360.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$1,385.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

              \n 1 <\/sup>Calculations for 2024, 2025, and 2026 exclude approximately 300,000 members from a single client not reflected in female utilizers as a result of the client’s chosen benefit design.
              2<\/sup> Calculations exclude activity from a large client whose program discontinued for 2025, but who allowed for an extended period of transition of care for certain members during the first half of 2025.<\/p>\n

              \n
              \n Quarterly ART Cycles per Unique Female Utilizer<\/u>
              \n <\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
              \u00a0<\/td>\n\u00a0<\/td>\n\n Three Months Ending<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Year Ending<\/strong>\n <\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\n March 31,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n September 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n December 31,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n December 31,<\/strong>\n <\/td>\n<\/tr>\n
              2022<\/td>\n\u00a0<\/td>\n0.50<\/td>\n\u00a0<\/td>\n0.55<\/td>\n\u00a0<\/td>\n0.56<\/td>\n\u00a0<\/td>\n0.58<\/td>\n\u00a0<\/td>\n0.96<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              2023<\/td>\n\u00a0<\/td>\n0.51<\/td>\n\u00a0<\/td>\n0.55<\/td>\n\u00a0<\/td>\n0.56<\/td>\n\u00a0<\/td>\n0.58<\/td>\n\u00a0<\/td>\n0.99<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              2024*<\/td>\n\u00a0<\/td>\n0.53<\/td>\n\u00a0<\/td>\n0.54<\/td>\n\u00a0<\/td>\n0.52<\/td>\n\u00a0<\/td>\n0.54<\/td>\n\u00a0<\/td>\n0.94<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              2025*<\/td>\n\u00a0<\/td>\n0.51<\/td>\n\u00a0<\/td>\n0.52<\/td>\n\u00a0<\/td>\n0.52<\/td>\n\u00a0<\/td>\n0.52<\/td>\n\u00a0<\/td>\n0.93<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              2026: Low End of Guidance Range*<\/td>\n\u00a0<\/td>\n0.48<\/td>\n\u00a0<\/td>\n0.51<\/td>\n\u00a0<\/td>\n0.51E<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.93E<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
              2026: High End of Guidance Range*<\/td>\n\u00a0<\/td>\n0.48<\/td>\n\u00a0<\/td>\n0.51<\/td>\n\u00a0<\/td>\n0.52E<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.94E<\/td>\n<\/tr>\n
              \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

              *Calculations for 2024, 2025, and 2026 exclude approximately 300,000 members from a single client not reflected in female utilizers as a result of the client’s chosen benefit design.
              E indicates the estimated value assumed.<\/p>\n

              \"\"
              \n
              \n \"\"\n <\/div>\n

              <\/div>\n","protected":false},"excerpt":{"rendered":"

              Reports Record Quarterly Revenue, Gross Profit and Adjusted EBITDARobust Selling Season Activity Continues to Reflect Strong Demand for Women’s Health, Family Building SolutionsValue Returned to Shareholders Through the Repurchase of Over 2 Million Shares Under Current Authorization NEW YORK, Aug. 06, 2026 (GLOBE NEWSWIRE) — Progyny, Inc. (Nasdaq: PGNY) (\u201cProgyny\u201d or the \u201cCompany\u201d), a global leader in women’s health and family building solutions, today announced its financial results for the three-month period ended June\u00a030, 2026 (\u201cthe second quarter of 2026\u201d), as compared to the three-month period ended June\u00a030, 2025 (\u201cthe second quarter of 2025\u201d or \u201cthe prior year period\u201d). \u201cThe strong second quarter results reflect that member engagement trended to the higher end of our expectations, as members continued to … <\/p>\n

              Continue reading “Progyny, Inc. Announces Second Quarter 2026 Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-991661","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nProgyny, Inc. Announces Second Quarter 2026 Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/progyny-inc-announces-second-quarter-2026-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Progyny, Inc. 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(Nasdaq: PGNY) (\u201cProgyny\u201d or the \u201cCompany\u201d), a global leader in women’s health and family building solutions, today announced its financial results for the three-month period ended June\u00a030, 2026 (\u201cthe second quarter of 2026\u201d), as compared to the three-month period ended June\u00a030, 2025 (\u201cthe second quarter of 2025\u201d or \u201cthe prior year period\u201d). \u201cThe strong second quarter results reflect that member engagement trended to the higher end of our expectations, as members continued to … Continue reading "Progyny, Inc. 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