CorVel Corporation reported increased revenues and earnings for Q2 2026, driven by workforce investments and technological advancements.
Quiver AI Summary
CorVel Corporation reported its financial results for the quarter ending September 30, 2025, showing a revenue increase to $240 million, up from $224 million the previous year. Earnings per share rose to $0.54 from $0.45, reflecting a 20% increase. For the first half of the fiscal year, revenues reached $474 million, a growth from $436 million, with earnings per share at $1.06 compared to $0.87 the previous year. The company highlighted its strategic initiatives in workforce development through CorVel University, addressing industry challenges with a lack of experienced professionals and emphasizing its commitment to responsible use of AI technologies to enhance operational efficiency and improve claims management. The company ended the quarter with $207 million in cash and purchasing $12.8 million in common stock.
Potential Positives
- Revenues for the quarter reached $240 million, marking a 7% increase compared to the previous year, indicating strong financial growth.
- Earnings per share increased by 20% to $0.54, showcasing improved profitability and performance relative to the same quarter last year.
- CorVel ended the quarter with $207 million in cash and no borrowings, demonstrating robust financial health and liquidity.
- The company's investment in AI technologies, such as Agentic AI, is enhancing operational efficiency and may provide a competitive advantage in the marketplace.
Potential Negatives
- Despite revenue and earnings growth, the press release fails to address potential risks that could impact future performance, particularly those related to broader labor constraints and pricing pressures in the commercial health sector.
- The mention of a generational shift creating a shortage of experienced professionals highlights a significant operational challenge the company is facing, which could affect long-term service delivery and quality.
- While the company promotes its investments in people and technology, it does not provide specific details on how these initiatives will scale or be measured for effectiveness, leaving stakeholders uncertain about their impact.
FAQ
What were CorVel's revenues for the quarter ended September 30, 2025?
CorVel's revenues for the quarter were $240 million, an increase from $224 million in the same quarter of 2024.
How much did CorVel earn per share in Q2 fiscal 2026?
CorVel reported earnings per share of $0.54 for the quarter, up from $0.45 in the previous year.
What are CorVel's revenue figures for the six months ended September 30, 2025?
For the six months ended September 30, 2025, CorVel's revenues were $474 million, compared to $436 million in 2024.
How did CorVel address workforce challenges?
CorVel is developing new talent through CorVel University to overcome workforce challenges and enhance retention.
What technologies is CorVel utilizing for operational efficiency?
CorVel is leveraging emerging technologies, including Agentic AI, to improve efficiency, speed, and scalability across operations.
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 21 times in the past 6 months. Of those trades, 0 have been purchases and 21 have been sales.
Here’s a breakdown of recent trading of $CRVL stock by insiders over the last 6 months:
- HOLDINGS INC CORSTAR has made 0 purchases and 2 sales selling 110,000 shares for an estimated $9,956,120.
- MAXIM SHISHIN (Chief Information Officer) has made 0 purchases and 4 sales selling 32,400 shares for an estimated $2,910,215.
- R JUDD JESSUP has made 0 purchases and 4 sales selling 8,123 shares for an estimated $900,529.
- ALAN HOOPS has made 0 purchases and 4 sales selling 8,000 shares for an estimated $841,155.
- BRANDON O'BRIEN (Chief Financial Officer) has made 0 purchases and 3 sales selling 7,932 shares for an estimated $835,266.
- MICHAEL G COMBS (CEO & President) sold 2,816 shares for an estimated $316,396
- MARK E. BERTELS (EVP - Risk Management Services) has made 0 purchases and 2 sales selling 1,800 shares for an estimated $182,253.
- JENNIFER YOSS (Vice President of Accounting) sold 1,050 shares for an estimated $116,959
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$CRVL Hedge Fund Activity
We have seen 160 institutional investors add shares of $CRVL stock to their portfolio, and 123 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NEUBERGER BERMAN GROUP LLC removed 448,951 shares (-53.5%) from their portfolio in Q2 2025, for an estimated $46,143,183
- MILLENNIUM MANAGEMENT LLC added 184,868 shares (+383.7%) to their portfolio in Q2 2025, for an estimated $19,000,733
- DIMENSIONAL FUND ADVISORS LP removed 153,154 shares (-10.6%) from their portfolio in Q2 2025, for an estimated $15,741,168
- KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC removed 148,147 shares (-2.6%) from their portfolio in Q2 2025, for an estimated $15,226,548
- JANUS HENDERSON GROUP PLC removed 105,337 shares (-89.2%) from their portfolio in Q2 2025, for an estimated $10,826,536
- CERITY PARTNERS LLC removed 87,396 shares (-67.9%) from their portfolio in Q3 2025, for an estimated $6,766,198
- CUBIST SYSTEMATIC STRATEGIES, LLC added 83,757 shares (+249.0%) to their portfolio in Q2 2025, for an estimated $8,608,544
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
FORT WORTH, Texas, Nov. 04, 2025 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL) announced the results for the quarter ended September 30, 2025. Revenues for the quarter were $240 million, an increase from $224 million in the September quarter of 2024. Earnings per share for the quarter were $0.54, compared to $0.45 in the same quarter of the prior year. Revenues for the six months ended September 30, 2025 were $474 million, an increase from $436 million during the six months ended September 30, 2024. Earnings per share for the six months ended September 30, 2025 were $1.06, compared to $0.87 during the six months ended September 30, 2024. The earnings per share numbers for the current and prior year have been adjusted to reflect the three-for-one stock split of its common stock which was paid on December 24, 2024.
Second Quarter Fiscal Year 2026 Highlights
- Revenue increased 7% to $240 million, compared to second quarter of fiscal year 2025.
- Gross profit increased 15% to $58.2 million, at 24% gross margin, compared to second quarter of fiscal year 2025 gross profit of $50.7 million.
- Diluted earnings per share increased 20% to $0.54, compared to second quarter of fiscal year 2025 diluted earnings per share of $0.45.
- Exited the quarter with $207 million of cash, cash equivalents, and no borrowings.
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The Company repurchased $12.8 million of common stock during the quarter.
During the quarter, CorVel effectively navigated an evolving market shaped by workforce challenges, pricing pressures in the commercial health sector, and rapid advancements in artificial intelligence. Within Workers’ Compensation, a generational shift has created a shortage of experienced professionals, which is being addressed by developing new talent and strengthening long-term capability. Through CorVel University, the Company is not only building a skilled pipeline of professionals but also establishing a distinct competitive advantage, positioning CorVel as a leader in workforce development. While broader labor constraints remain, the intentional investment in people is delivering improved retention and sustained service quality for the Company's partners.
At the same time, CorVel is leveraging emerging technologies, including Agentic AI, to enhance efficiency, speed, and scalability across operations. Agentic AI is enabling the automation of complex, multi-step processes, supporting claims professionals and accelerating software development. Within CERIS, AI-driven review and automation tools are improving accuracy, compliance, and partner savings, while within Property & Casualty, new supervisory and communication platforms are enhancing claims management and customer engagement. Across all business lines, CorVel remains committed to responsible AI practices that augment human expertise, drive innovation, and strengthen the Company’s value proposition.
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 quarter ended June 30, 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 Six Months Ended September 30, 2025 (unaudited) and September 30, 2024 (unaudited) |
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| Quarter Ended | September 30, 2025 | September 30, 2024 | ||||||
| Revenues | $ | 239,643,000 | $ | 224,380,000 | ||||
| Cost of revenues | 181,466,000 | 173,632,000 | ||||||
| Gross profit | 58,177,000 | 50,748,000 | ||||||
| General and administrative | 22,277,000 | 22,078,000 | ||||||
| Income from operations | 35,900,000 | 28,670,000 | ||||||
| Income tax provision | 7,994,000 | 5,272,000 | ||||||
| Net income | $ | 27,906,000 | $ | 23,398,000 | ||||
| Earnings Per Share: | ||||||||
| Basic | $ | 0.54 | $ | 0.46 | ||||
| Diluted | $ | 0.54 | $ | 0.45 | ||||
| Weighted Shares | ||||||||
| Basic | 51,314,000 | 51,399,000 | ||||||
| Diluted | 51,723,000 | 52,023,000 | ||||||
| Six Months Ended | September 30, 2025 | September 30, 2024 | ||||||
| Revenues | $ | 474,354,000 | $ | 436,102,000 | ||||
| Cost of revenues | 359,552,000 | 337,200,000 | ||||||
| Gross profit | 114,802,000 | 98,902,000 | ||||||
| General and administrative | 43,619,000 | 42,198,000 | ||||||
| Income from operations | 71,183,000 | 56,704,000 | ||||||
| Income tax provision | 16,042,000 | 11,729,000 | ||||||
| Net income | $ | 55,141,000 | $ | 44,975,000 | ||||
| Earnings Per Share: | ||||||||
| Basic | $ | 1.07 | $ | 0.88 | ||||
| Diluted | $ | 1.06 | $ | 0.87 | ||||
| Weighted Shares | ||||||||
| Basic | 51,333,000 | 51,381,000 | ||||||
| Diluted | 51,817,000 | 51,981,000 | ||||||
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CorVel Corporation
Quarterly Results – Condensed Balance Sheet September 30, 2025 (unaudited) and March 31, 2025 |
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| September 30, 2025 | March 31, 2025 | |||||||
| Cash | $ | 207,453,000 | $ | 170,584,000 | ||||
| Customer deposits | 112,302,000 | 101,472,000 | ||||||
| Accounts receivable, net | 104,919,000 | 104,126,000 | ||||||
| Prepaid taxes and expenses | 9,593,000 | 10,507,000 | ||||||
| Property, net | 111,174,000 | 92,052,000 | ||||||
| Goodwill and other assets | 47,062,000 | 46,410,000 | ||||||
| Right-of-use asset, net | 19,178,000 | 20,825,000 | ||||||
| Total | $ | 611,681,000 | $ | 545,976,000 | ||||
| Accounts and taxes payable | $ | 23,110,000 | $ | 16,792,000 | ||||
| Accrued liabilities | 207,219,000 | 187,244,000 | ||||||
| Long-term lease liabilities | 18,575,000 | 19,953,000 | ||||||
| Paid-in capital | 258,516,000 | 250,412,000 | ||||||
| Treasury stock | (853,965,000 | ) | (831,510,000 | ) | ||||
| Retained earnings | 958,226,000 | 903,085,000 | ||||||
| Total | $ | 611,681,000 | $ | 545,976,000 | ||||
Contact: Melissa Storan
Phone: 949-851-1473
www.corvel.com
