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Income Statement ()
| Q1 '26 | QoQ | |
|---|---|---|
| Revenue | 329M | 3.2% |
| Gross Profit | 83M | 8.1% |
| Cost of Revenue | 245M | 1.6% |
| Operating expense | 48M | 22.7% |
| Net Income | 24M | 94.1% |
| EBITDA | 35M | 84.1% |
Balance Sheet ()
| Q1 '26 | QoQ | |
|---|---|---|
| Total Assets | 698M | 5.9% |
| Total Liabilities | 259M | 14.4% |
| Total Equity | 439M | 14.9% |
| Shares Outstanding | 85M | 5.3% |
Cash Flow ()
| Q1 '26 | QoQ | |
|---|---|---|
| Cash from operations | 46M | 15.2% |
| Cash from investing | 97M | 1070% |
| Cash from financing | -123M | 39.5% |
EPS
Financial Highlights for Progyny in Q1 '26
Progyny reported a revenue of 329M, which is a 3.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 83M, marking a 8.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 245M, a 1.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 48M, showing a -22.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 24M, showing a 94.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 35M, showing a 84.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Progyny with growth in revenue, gross profit, and net income.
