Progyny (PGNY) Research & Development (2018 - 2026)
Progyny (PGNY) posted quarterly Research & Development of $16.9 million for Q1 2026, down 5.07% year-over-year from $17.8 million in Q1 2025, and down 6.13% quarter-over-quarter from $18.0 million in Q4 2025.
Progyny (PGNY) Research & Development (2018 - 2026) Analysis & Trends
Progyny (PGNY) has reported Research & Development for 9 consecutive years, with $16.9 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development fell 5.07% year-over-year to $16.9 million; the TTM figure through Mar 2026 stood at $71.2 million (up 7.44% YoY), while the FY2025 annual figure was $72.1 million, up 12.77% from the prior year.
- Research & Development retreated to $16.9 million in Q1 2026 per PGNY's latest filing, from $18.0 million in the prior quarter.
- Across five years, Research & Development topped out at $18.4 million in Q2 2025 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Research & Development soared 185.4% — and 2026, when it slipped 5.07%.
- Progyny's Research & Development stood at $13.0 million in 2022, then climbed by 14.88% to $14.9 million in 2023, then advanced by 4.73% to $15.6 million in 2024, then climbed by 15.18% to $18.0 million in 2025, then slipped by 6.13% to $16.9 million in 2026.
- Business Quant data shows PGNY's Research & Development at $16.9 million in Q1 2026, $18.0 million in Q4 2025, and $17.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 350.97 Bn | 319.50 Bn | 36.67 Bn | - |
| 2 | Cvs Health | 119.62 Bn | 105.67 Bn | 47.23 Bn | - |
| 3 | Elevance Health | 87.01 Bn | 51.06 Bn | 13.45 Bn | - |
| 4 | Humana | 46.29 Bn | 22.42 Bn | 5.50 Bn | - |
| 5 | Centene | 32.00 Bn | 4.95 Bn | 14.55 Bn | - |
| 6 | Molina Healthcare | 10.30 Bn | 1.39 Bn | 1.43 Bn | - |
| 7 | Oscar Health | 9.41 Bn | 849.57 Mn | 1.09 Bn | - |
| 8 | Alignment Healthcare | 2.71 Bn | 2.01 Bn | 180.96 Mn | - |
| 9 | Clover Health Investments | 2.16 Bn | 1.92 Bn | 153.00 Mn | - |
| 10 | Progyny | 2.02 Bn | 1.79 Bn | 89.30 Mn | 18.07 Mn |
Historic Data
Download 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 |