Progyny, Inc. (PGNY) Barclays twenty eighth Annual World Healthcare Convention March 11, 2026 1:00 PM EDT
Firm Members
Peter Anevski – CEO & Director
Convention Name Members
Peter Warendorf – Barclays Financial institution PLC, Analysis Division
Presentation
Peter Warendorf
Barclays Financial institution PLC, Analysis Division
All proper. Thanks, all people, for becoming a member of us as we speak. We’re pleased to be internet hosting Progyny. And to my proper, I’ve Pete Anevski, the CEO. For anybody that does not know me, my identify is Peter Warendorf. I cowl Progyny right here at Barclays in addition to among the different tech and distribution names.
So Pete, perhaps to kick off the dialog, so there was power in 4Q. It looks as if you guys got here in forward of steerage, perhaps utilization was extra secure. Are you able to give us a fast recap of the quarter and any highlights you suppose are value mentioning? I do know there was some nuance round membership that we’ll dive into in a minute. And there was progress of round 20% in 2025 ex the one buyer. How would you characterize the place the enterprise is at extra typically?
Query-and-Reply Session
Peter Anevski
CEO & Director
Positive. Whats up, all people, by the best way, thanks for becoming a member of us. So the enterprise is in actually good condition. As you talked about, Peter, we exited the yr with 4 sturdy quarters of utilization in addition to progress. We’re positioned properly for 2026. We ended the yr with one other yr of 99% shopper retention, which is de facto necessary. Roughly 30% of our purchasers added or expanded to their profit not directly or one other of the present base. We had a powerful gross sales yr that we have been happy with. And total, we be ok with with the investments that we have made in ’25 and the investments we’re making in ’26, we really feel properly positioned for the longer term.