Progyny Inc (NAS:PGNY)
$ 26.36 +0.69 (+2.67%) Market Cap: 2.02 Bil Enterprise Value: 1.81 Bil PE Ratio: 28.66 PB Ratio: 4.50 GF Score: 93/100

Progyny Inc at Barclays Global Healthcare Conference Transcript

Mar 11, 2026 / 05:00PM GMT
Release Date Price: $17.51 (-2.23%)
Peter Warendorf
Barclays Services Corp - Equity Analyst

All right. Thanks, everybody, for joining us today. We're happy to be hosting Progyny. And to my right, I have Pete Anevski, the CEO. For anyone that doesn't know me, my name is Peter Warendorf, I cover Progyny here at Barclays, as well as some of the other tech and distribution names.

So Pete, maybe to kick off the conversation, so there was strength in 4Q. It seems like you guys came in ahead of guidance, maybe utilization was more stable. Can you give us a quick recap of the quarter, any highlights you think are worth mentioning?

I know there was some nuance around membership that we'll dive into in a minute, and there was growth of around 20% in 2025 ex the one customer. Would you -- how would you characterize where the business is at more generally?

Questions & Answers

Peter Anevski
Progyny Inc - Chief Executive Officer, Director

Sure. Hello, everybody, by the way, and thank you for joining us. So the business is in really good shape. As you mentioned, Peter, the -- we

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