Progyny (PGNY) Research & Development (2018 - 2026)

Progyny's (PGNY) quarterly Research & Development came in at $16.9 million in Q1 2026, down 5.07% year-on-year from $17.8 million in Q1 2025, and down 6.13% on a QoQ basis from $18.0 million in Q4 2025.

Progyny (PGNY) Research & Development (2018 - 2026) Analysis & Trends

Progyny (PGNY) has 9 years of Research & Development data on file, last reported at $16.9 million in Q1 2026.

  • On a quarterly basis, Research & Development fell 5.07% year-over-year to $16.9 million in Q1 2026; TTM through Mar 2026 was $71.2 million, a 7.44% increase from a year earlier, with the FY2025 full-year figure at $72.1 million, up 12.77% from the prior year.
  • Research & Development for Q1 2026 stood at $16.9 million, down from $18.0 million in the prior quarter.
  • Over the last five years, Research & Development for PGNY reached as high as $18.4 million in Q2 2025 and fell as low as $10.0 million in Q1 2022.
  • Historically, Research & Development has averaged $15.2 million across 5 years, with a median of $15.5 million in 2024.
  • Across the five-year window, Research & Development jumped 185.4% in 2022 and retreated 5.07% in 2026, its largest moves.
  • Year by year, Research & Development stood at $13.0 million in 2022, then increased by 14.88% to $14.9 million in 2023, then grew by 4.73% to $15.6 million in 2024, then increased by 15.18% to $18.0 million in 2025, then declined by 6.13% to $16.9 million in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were $16.9 million in Q1 2026, $18.0 million in Q4 2025, and $17.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Unitedhealth 384.70 Bn 354.90 Bn 38.23 Bn -
2 Cvs Health 136.05 Bn 124.42 Bn 22.85 Bn -
3 Elevance Health 82.25 Bn 46.44 Bn 35.79 Bn -
4 Cigna 75.16 Bn 67.54 Bn -44.29 Bn -
5 Humana 47.47 Bn 25.57 Bn 5.94 Bn -
6 Centene 31.35 Bn 7.64 Bn 43.95 Bn -
7 Molina Healthcare 10.44 Bn 1.19 Bn 1.43 Bn -
8 Oscar Health 8.62 Bn 1.83 Bn 1.42 Bn -
9 Alignment Healthcare 4.13 Bn 3.41 Bn 144.48 Mn -
10 Progyny 2.48 Bn 2.26 Bn 83.07 Mn 16.88 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 16.88 Mn
Dec 31, 2025 17.99 Mn
Sep 30, 2025 17.94 Mn
Jun 30, 2025 18.41 Mn
Mar 31, 2025 17.79 Mn
Dec 31, 2024 15.62 Mn
Sep 30, 2024 16.46 Mn
Jun 30, 2024 16.42 Mn
Mar 31, 2024 15.45 Mn
Dec 31, 2023 14.91 Mn
Sep 30, 2023 14.91 Mn
Jun 30, 2023 15.38 Mn
Mar 31, 2023 14.28 Mn
Dec 31, 2022 12.98 Mn
Sep 30, 2022 11.17 Mn
Jun 30, 2022 11.50 Mn
Mar 31, 2022 10.02 Mn
Dec 31, 2021 7.70 Mn
Sep 30, 2021 4.44 Mn
Jun 30, 2021 4.03 Mn