Progyny, Inc. (PGNY) Q2 2025 Earnings Call Transcript

Progyny, Inc. (NASDAQ:PGNY) Q2 2025 Earnings Conference Call August 7, 2025 4:45 PM ET

Company Participants

James Hart – Vice President of Investor Relations
Mark S. Livingston – Chief Financial Officer
Michael Sturmer – President
Peter Anevski – CEO & Director

Conference Call Participants

Brian Gil Tanquilut – Jefferies LLC, Research Division
Daniel Christopher Clark – Leerink Partners LLC, Research Division
David Michael Larsen – BTIG, LLC, Research Division
Jailendra P. Singh – Truist Securities, Inc., Research Division
Sarah Elizabeth James – Cantor Fitzgerald & Co., Research Division
Scott Anthony Schoenhaus – KeyBanc Capital Markets Inc., Research Division

Operator

Good day, everyone. Welcome to the Progyny, Inc. Second Quarter 2025 Earnings Call. [Operator Instructions]

It is now my pleasure to turn the floor over to your host, James Hart. The floor is yours.

James Hart

Thank you, Kelly, and good afternoon to everyone. Welcome to our second quarter conference call. With me today are Pete Anevski, CEO of Progyny; Michael Sturmer, President; and Mark Livingston, CFO. We will begin with some prepared remarks before we open the call for your questions.

Before we begin, I’d like to remind you that our comments and responses to your questions today reflect management’s views as of today only and will include statements related to our financial outlook for both the third quarter and full year 2025, and the assumptions and drivers underlying such guidance, our anticipated number of clients and covered lives for 2025, the demand for our solutions, our expectations for our selling season for 2026 launches, anticipated employment levels of our clients and the industries that we serve, the timing of client decisions, our expected utilization rates and mix, the potential benefits of our solution, our ability to acquire new clients and retain and upsell existing clients, our market opportunity and our business strategy, plans, goals and expectations concerning our market position, future operations and