Progyny (PGNY) Research & Development (2018 - 2026)
Progyny's (PGNY) quarterly Research & Development came in at $18.1 million in Q2 2026, down 1.8% year-over-year from $18.4 million in Q2 2025, and up 7.05% quarter-over-quarter from $16.9 million in Q1 2026.
Analysis
Progyny (PGNY) Research & Development (2018 - 2026) Analysis & Trends
Progyny (PGNY) has reported Research & Development for 9 consecutive years, with $18.1 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Research & Development fell 1.8% year-over-year to $18.1 million in Q2 2026; TTM through Jun 2026 was $70.9 million, a 3.83% increase from a year earlier, with the FY2025 full-year figure at $72.1 million, up 12.77% from the prior year.
- Research & Development was $18.1 million for Q2 2026 at Progyny, up from $16.9 million in the prior quarter.
- Over five years, Research & Development peaked at $18.4 million in Q2 2025 and troughed at $10.0 million in Q1 2022.
- A 5-year average of $15.3 million and a median of $15.5 million in 2024 frame the typical range for Research & Development.
- Across the five-year window, Research & Development surged 185.4% in 2022 and decreased 5.07% in 2026, its largest moves.
- Over 5 years, Research & Development stood at $13.0 million in 2022, then gained by 14.88% to $14.9 million in 2023, then rose by 4.73% to $15.6 million in 2024, then gained by 15.18% to $18.0 million in 2025, then climbed by 0.48% to $18.1 million in 2026.
- The last three Research & Development figures came in at $18.1 million (Q2 2026), $16.9 million (Q1 2026), and $18.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Davita | 11.74 Bn | 11.05 Bn | 1.16 Bn | - |
| 2 | RadNet | 5.78 Bn | 5.06 Bn | 88.08 Mn | - |
| 3 | Fresenius Medical Care AG | 4.79 Bn | 4.09 Bn | 1.52 Bn | 46.06 Mn |
| 4 | Concentra Group Holdings Parent | 4.28 Bn | 4.12 Bn | 192.10 Mn | - |
| 5 | Privia Health | 2.57 Bn | 2.16 Bn | - | 8.00 Mn |
| 6 | Progyny | 2.12 Bn | 1.88 Bn | 89.30 Mn | 18.07 Mn |
| 7 | Pediatrix Medical | 2.12 Bn | 1.71 Bn | - | - |
| 8 | Surgery Partners | 1.82 Bn | 1.60 Bn | 622.10 Mn | - |
| 9 | U S Physical Therapy | 1.17 Bn | 1.15 Bn | 41.94 Mn | - |
| 10 | Evolent Health | 468.74 Mn | 327.27 Mn | 80.84 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.07 Mn |
| 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 |