CorVel Corporation reports increased fiscal year revenue and earnings per share, reflecting strong demand in healthcare cost management solutions.
Quiver AI Summary
CorVel Corporation recently announced its financial results for the fourth quarter and fiscal year ending March 31, 2026. The company reported revenue of $959 million for the fiscal year, marking a 7% increase from the previous year, with earnings per share rising 17% to $2.14. For the fourth quarter, revenue grew to $249 million, up from $232 million, and earnings per share reached $0.61, a 20% increase year-over-year. The company highlighted its health division, CERIS, which is capitalizing on the growing demand for payment accuracy and cost management solutions, leading to increased revenue visibility from large payer contracts. Additionally, CorVel is enhancing its technology offerings within workers' compensation through its CareMC platform, leveraging AI and real-time data for improved operational efficiency. The firm ended the quarter with $233 million in cash and no debt, while also repurchasing $20.1 million in common stock.
Potential Positives
- Revenues for the fiscal year increased by 7% to $959 million, indicating growth and positive business momentum.
- Earnings per share (EPS) rose significantly by 17% to $2.14, reflecting improved profitability.
- The company ended the quarter with $233 million in cash and no borrowings, highlighting strong financial health and liquidity.
- Strong demand for CERIS's healthcare solutions suggests effective adaptation to market trends, enhancing revenue visibility and demand for their services.
Potential Negatives
- While the company reported a revenue increase, its cost of revenues also rose significantly, resulting in a lower gross margin percentage, which may indicate growing expense pressures.
- The increase in general and administrative expenses compared to the previous year raises concerns about cost management and efficiency improvements.
- The press release heavily relies on forward-looking statements which come with risks and uncertainties, potentially highlighting a lack of immediate clarity on future performance.
FAQ
What were CorVel Corporation's revenues for the fiscal year 2026?
CorVel Corporation reported revenues of $959 million for the fiscal year ended March 31, 2026, a 7% increase from the previous year.
How much did CorVel's earnings per share increase in fiscal year 2026?
Earnings per share for CorVel increased by 17% to $2.14 in fiscal year 2026, compared to $1.83 in fiscal year 2025.
What were the key financial highlights for CorVel in Q4 2026?
In Q4 2026, CorVel reported revenues of $249 million and a 20% increase in earnings per share to $0.61.
How is CorVel enhancing claims accuracy in healthcare?
CorVel's CERIS health division focuses on proactive payment accuracy through an integrated platform that improves claims precision and reduces administrative burdens.
What investments is CorVel making to improve operational efficiency?
CorVel is investing in AI, automation, telemedicine, and API-driven connectivity to enhance scalability and operational efficiency in claim processes.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CRVL Insider Trading Activity
$CRVL insiders have traded $CRVL stock on the open market 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.
Here’s a breakdown of recent trading of $CRVL stock by insiders over the last 6 months:
- STEVEN J HAMERSLAG has made 0 purchases and 2 sales selling 20,000 shares for an estimated $955,800.
- MICHAEL G COMBS (CEO & President) sold 8,013 shares for an estimated $432,702
- MAXIM SHISHIN (Chief Information Officer) sold 2,400 shares for an estimated $129,603
- MARK E. BERTELS (EVP - Risk Management Services) sold 1,200 shares for an estimated $86,820
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$CRVL Revenue
$CRVL had revenues of $235.6M in Q3 2025. This is an increase of 3.36% from the same period in the prior year.
You can track CRVL financials on Quiver Quantitative's CRVL stock page.
You can access data on CRVL stock through the Quiver Quantitative API.
$CRVL Hedge Fund Activity
We have seen 157 institutional investors add shares of $CRVL stock to their portfolio, and 157 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- OWLS NEST PARTNERS IA, LLC added 348,329 shares (+inf%) to their portfolio in Q1 2026, for an estimated $19,036,179
- THRIVENT FINANCIAL FOR LUTHERANS removed 287,218 shares (-93.2%) from their portfolio in Q1 2026, for an estimated $15,696,463
- PRICE T ROWE ASSOCIATES INC /MD/ removed 185,491 shares (-82.8%) from their portfolio in Q1 2026, for an estimated $10,137,083
- MORGAN STANLEY added 147,429 shares (+26.9%) to their portfolio in Q1 2026, for an estimated $8,056,994
- ROCKEFELLER CAPITAL MANAGEMENT L.P. added 141,313 shares (+24619.0%) to their portfolio in Q1 2026, for an estimated $7,722,755
- KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC removed 118,660 shares (-2.4%) from their portfolio in Q1 2026, for an estimated $6,484,769
- MARSHALL WACE, LLP added 114,015 shares (+228.3%) to their portfolio in Q1 2026, for an estimated $6,230,919
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
FORT WORTH, Texas, May 20, 2026 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL) announced the results for the quarter and fiscal year ended March 31, 2026. Revenues for the fiscal year ended March 31, 2026 were $959 million, a 7% increase from $896 million during the fiscal year ended March 31, 2025. Earnings per share for the fiscal year ended March 31, 2026 were $2.14, up 17% compared to $1.83 during the fiscal year ended March 31, 2025. Revenues for the quarter were $249 million, an increase from $232 million in the March quarter of 2025. Earnings per share for the quarter were $0.61, up 20% compared to $0.51 in the same quarter of the prior year.
Fourth Quarter Fiscal Year 2026 Highlights
- Revenue increased 7% to $249 million, compared to fourth quarter of fiscal year 2025.
- Gross profit increased 9% to $63.0 million, at 25% gross margin, compared to fourth quarter of fiscal year 2025 gross profit of $58.0 million.
- Exited the quarter with $233 million of cash, cash equivalents, and no borrowings.
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The Company repurchased $20.1 million of common stock during the quarter.
CERIS, CorVel’s health division, is benefiting from the healthcare industry’s shift toward proactive payment accuracy and cost management, with strong demand for its integrated prepay and post-pay platform that improves claims accuracy, reduces administrative burden, and enhances revenue visibility. During the quarter, multiple large payer sales with enterprise-scale implementations reflect the strength of the value proposition and provide increased revenue visibility as they are deployed and scaled over time. As adoption of prepay solutions expands, CERIS is accelerating revenue realization cycles while maintaining strong margin profiles, supported by ongoing investment in AI and automation.
Within workers’ compensation and risk management, P&C services are advancing its technology-enabled, clinically integrated model through the CorVel Connected TM interface within its proprietary Care MC platform. By combining AI, real-time data integration, and embedded clinical expertise, CorVel is improving decision-making support, operational efficiency, and claim outcomes across the lifecycle of a claim. Ongoing investments in automation, telemedicine, cybersecurity, and API-driven connectivity further strengthen scalability and the Company’s ability to deliver consistent clinical and financial results for its partners in environments where reliability, control, and measurable outcomes are critical.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on the Company’s current expectations, estimates and projections about the Company, management’s beliefs, and certain assumptions made by the Company, and events beyond the Company’s control, all of which are subject to change. Such forward-looking statements include, but are not limited to, improved productivity resulting from automation and augmentation across enterprise business systems. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause the Company’s actual results to differ materially and adversely from those expressed in any forward-looking statement results of operations and financial condition is greater than our initial assessment. The risks and uncertainties referred to above include but are not limited to factors described in this press release and the Company’s filings with the Securities and Exchange Commission, including but not limited to “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended March 31, 2025, and the Company’s Quarterly Report on Form 10-Q for the quarters ended June 30, 2025, September 30, 2025, and December 31, 2025. The forward-looking statements in this press release speak only as of the date they are made. The Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.
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CorVel Corporation
Quarterly Results – Income Statement Quarters and Fiscal Year Ended March 31, 2026 and March 31, 2025 |
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| Quarter Ended | March 31, 2026 | March 31, 2025 | ||||||
| Revenues | $ | 248,548,000 | $ | 231,514,000 | ||||
| Cost of revenues | 185,539,000 | 173,547,000 | ||||||
| Gross profit | 63,009,000 | 57,967,000 | ||||||
| General and administrative | 23,293,000 | 24,647,000 | ||||||
| Income from operations | 39,716,000 | 33,320,000 | ||||||
| Income tax provision | 8,687,000 | 6,901,000 | ||||||
| Net income | $ | 31,029,000 | $ | 26,419,000 | ||||
| Earnings Per Share: | ||||||||
| Basic | $ | 0.61 | $ | 0.51 | ||||
| Diluted | $ | 0.61 | $ | 0.51 | ||||
| Weighted Shares | ||||||||
| Basic | 51,150,000 | 51,366,000 | ||||||
| Diluted | 51,285,000 | 51,979,000 | ||||||
| Fiscal Year Ended | March 31, 2026 | March 31, 2025 | ||||||
| Revenues | $ | 958,527,000 | $ | 895,589,000 | ||||
| Cost of revenues | 725,664,000 | 685,861,000 | ||||||
| Gross profit | 232,863,000 | 209,728,000 | ||||||
| General and administrative | 89,732,000 | 88,904,000 | ||||||
| Income from operations | 143,131,000 | 120,824,000 | ||||||
| Income tax provision | 32,787,000 | 25,659,000 | ||||||
| Net income | $ | 110,344,000 | $ | 95,165,000 | ||||
| Earnings Per Share: | ||||||||
| Basic | $ | 2.15 | $ | 1.85 | ||||
| Diluted | $ | 2.14 | $ | 1.83 | ||||
| Weighted Shares | ||||||||
| Basic | 51,283,000 | 51,379,000 | ||||||
| Diluted | 51,625,000 | 51,994,000 | ||||||
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CorVel Corporation
Quarterly Results – Condensed Balance Sheet March 31, 2026 and March 31, 2025 |
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| March 31, 2026 | March 31, 2025 | |||||||
| Cash | $ | 233,072,000 | $ | 170,584,000 | ||||
| Customer deposits | 115,706,000 | 101,472,000 | ||||||
| Accounts receivable, net | 101,313,000 | 104,126,000 | ||||||
| Prepaid taxes and expenses | 12,206,000 | 10,507,000 | ||||||
| Property, net | 117,906,000 | 92,052,000 | ||||||
| Goodwill and other assets | 41,619,000 | 46,410,000 | ||||||
| Right-of-use asset, net | 21,164,000 | 20,825,000 | ||||||
| Total | $ | 642,986,000 | $ | 545,976,000 | ||||
| Accounts and taxes payable | $ | 24,550,000 | $ | 16,792,000 | ||||
| Accrued liabilities | 203,518,000 | 187,244,000 | ||||||
| Long-term lease liabilities | 20,687,000 | 19,953,000 | ||||||
| Paid-in capital | 268,518,000 | 250,412,000 | ||||||
| Treasury stock | (887,716,000 | ) | (831,510,000 | ) | ||||
| Retained earnings | 1,013,429,000 | 903,085,000 | ||||||
| Total | $ | 642,986,000 | $ | 545,976,000 | ||||
Contact: Melissa Storan
Phone: 949-851-1473
www.corvel.com
