Progyny (PGNY) Q2 FY26 earnings call

Progyny delivered a strong second quarter with record financial results, driven by gross margin expansion and robust cash flow generation. The company is experiencing significant sales momentum, with early commitments for new clients pacing ahead of last year and high retention rates, positioning it to meet its annual target for new lives. While a more pronounced seasonal slowdown is anticipated in Q3, management expects engagement to normalize, reaffirming its full-year outlook and commitment to strategic investments and shareholder returns.