Progyny, Inc. Provides Business Update and Announces Details for Its Second Quarter 2025 Results Report

Core Viewpoint - Progyny, Inc. has enhanced its operational and financial flexibility by entering into a new revolving credit facility of up to $200 million, which is expected to support its growth and market leadership [1][2] Financial Performance - The company anticipates that its financial results for the second quarter ending June 30, 2025, will be slightly above the previously provided guidance ranges [4][5] - Member activity has progressed favorably, leading to expectations of improved revenue, adjusted net income, and adjusted EBITDA for the second quarter [5] Credit Facility Details - The revolving credit facility is undrawn and has no planned immediate use, allowing the company to maintain its capital priorities, which include stock repurchases, product portfolio expansion, and select acquisitions [3][1] - The facility matures on July 1, 2030, providing the company with significant time to utilize the credit as needed [1] Company Overview - Progyny is recognized as a global leader in women's health and family building solutions, serving leading employers and health plans [9][10] - The company has received multiple accolades for its leadership and growth, including being named a TIME100 Most Influential Company and a CNBC Disruptor 50 [11]