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| Date | Value |
|---|---|
| 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 |