Progyny, Inc.PGNY

Progyny, Inc. Segments Disclosure

10-KFiled Feb 27, 20261 min read
Segment Reporting
Progyny is a benefits management company specializing in fertility, family building and women's health benefits solutions. Substantially, all of the Company's revenues and assets are attributable to the United States.
The chief operating decision maker (“CODM”) is the Chief Executive Officer. The Company determined it has one operating segment and one reportable segment, as the CODM manages the business and evaluates performance at the consolidated level.

The CODM uses net income to allocate resources (including personnel, technology, and capital resources) for the single segment to make decisions regarding the annual budget, ongoing operations, and strategic investments to drive the Company's strategy and mission.
Year Ended December 31,
202520242023
Revenue(1)
$1,288,661$1,167,221$1,088,598
Less:
Cost of services984,177913,858849,799
Sales and marketing72,11363,94859,488
General and administrative147,094121,960117,127
Interest and other income, net(10,155)(15,747)(8,507)
Provision for income taxes36,91228,8668,654
Net income$58,520$54,336$62,037
(1) Refer to footnote 3, for disaggregated revenue by service.
As of December 31,
20252024
Total Assets $742,435 $607,102 

Historical Timeline

Fiscal YearFiled
2025Feb 27, 2026Showing above
2024Mar 3, 2025

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

Other Available Disclosures

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