CORVEL CORP

Listed Company

CRVLCIK 0000874866NasdaqLarge AcceleratedInsurance Agents, Brokers & ServiceDelawareFY ends Mar 31

Period

FY 2026

Revenue

$958.53M

Net Income

$110.34M

Total Assets

$642.99M

Equity

$394.23M

Shares Out

50.69M

Op. Cash Flow

$155.64M

CRVL$63.92−36.91% · past yearDBEQ Basic

Daily closing prices

Business

CorVel is an independent nationwide provider of medical cost containment and managed care services for workers' compensation, automobile insurance, and group health insurance claims. The company delivers integrated claims management, bill review, preferred provider networks, utilization management, case management, pharmacy services, directed care, and Medicare services to insurance companies, third-party administrators, government entities, and self-administered employers. CorVel offers its solutions as fully integrated end-to-end programs, discrete standalone modules, or targeted add-ons, with a national branch network and technology backbone including artificial intelligence and machine learning.

Summary from 10-K filed 2026-05-22

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Revenues	959	896	795	719	646
Cost of revenues	726	686	624	560	494
Gross profit	233	210	172	158	152
General and administrative	90	89	77	74	68
Income before income taxes	143	121	95	85	85
Income tax provision	33	26	19	18	18
Net income	110	95	76	66	66
Basic (per share)	2.15	1.85	1.48	1.28	3.74
Diluted (per share)	2.14	1.83	1.47	1.26	3.66
Basic (shares)	51	51	51	52	18
Diluted (shares)	52	52	52	53	18

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Cash and cash equivalents	233	171	106	71	98
Customer deposits	116	101	88	80	70
Accounts receivable (less allowance for expected credit losses of $3,969,000 at March 31, 2026 and $7,690,000 at March 31, 2025)	101	104	97	81	83
Prepaid expenses and income taxes	12	11	11	11	15
Total current assets	462	387	302	244	265
Property and equipment, net	118	92	86	83	76
Goodwill	37	37	37	37	37
Other intangible assets, net	263,000	438,000	821,000	1	2
Right-of-use asset, net	21	21	24	28	35
Deferred tax asset, net	4	9	4	224,000	0
Other assets	618,000	454,000	1	1	481,000
Total assets	643	546	455	394	415
Accounts and income taxes payable	25	17	17	15	14
Accrued liabilities	204	187	168	153	157
Total current liabilities	228	204	184	168	171
Long-term lease liabilities	21	20	23	24	30
Total liabilities	249	224	207	192	203
Commitments and contingencies	—	—	—	—	—
Common stock, $.0001 par value: 360,000,000 shares authorized at March 31, 2026 and 2025; 166,168,732 shares issued (50,909,297 shares outstanding, net of treasury shares) and 165,836,235 shares issued (51,359,544 shares outstanding, net of treasury shares) at March 31, 2026 and March 31, 2025, respectively	5,000	5,000	3,000	3,000	3,000
Paid-in-capital	269	250	234	219	202
Treasury stock, at cost (115,259,435 and 114,476,691 shares at March 31, 2026 and 2025, respectively)	−888	−832	−794	−748	−655
Retained earnings	1,013	903	808	732	665
Total stockholders' equity	394	322	248	202	212
Total liabilities and stockholders' equity	643	546	455	394	415

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Net income	110	95	76	66	66
Depreciation and amortization	32	30	26	25	24
Loss on write down or disposal of property, capitalized software or investment	710,000	443,000	290,000	415,000	122,000
Stock compensation expense	5	6	5	6	5
Provision for expected credit losses	115,000	3	2	1	158,000
Deferred income taxes	5	−5	−3	−2	2
Accounts receivable	3	−10	−18	336,000	−18
Customer deposits	−14	−13	−8	−10	−13
Prepaid expenses and income taxes	−2	910,000	−32,000	4	−7
Other assets	−190,000	863,000	60,000	−919,000	−135,000
Accounts and income taxes payable	−728,000	162,000	1	−4	1
Accrued liabilities	16	19	15	−4	8
Operating lease liabilities	395,000	653,000	2	1	−2
Net cash provided by operating activities	156	127	99	82	67
Purchases of property and equipment	−45	−36	−29	−26	−30
Net cash used in investing activities	−45	−36	−29	−26	−30
Exercise of employee stock purchase options	849,000	749,000	681,000	676,000	564,000
Exercise of common stock options	8	10	9	11	10
Purchase of treasury stock	−56	−38	−46	−94	−90
Net cash used in financing activities	−48	−27	−36	−82	−80
Net increase in cash and cash equivalents	62	65	34	−26	−42
Income taxes paid	31	28	23	20	19
Accrual of software license purchase	8	0	0	5	—
Asset acquisition for stock	4	0	0	—	—

Filings

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Frequently asked questions

What is CORVEL CORP's CIK number?

CORVEL CORP's SEC CIK number is 0000874866 (874866). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find CORVEL CORP's SEC filings?

All of CORVEL CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did CORVEL CORP last report earnings?

CORVEL CORP (CRVL) most recently filed an earnings 8-K with the SEC on May 20, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-231354). This is CORVEL CORP's most recent earnings filing of record — not a forecast of its next earnings date.

What is CORVEL CORP's most recent earnings 8-K?

CORVEL CORP's latest earnings 8-K (Item 2.02) was filed May 20, 2026 under accession 0001193125-26-231354. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View CORVEL CORP's latest earnings 8-K →
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