CorVel Corp

Latest Results (14.05.2026):

CorVel Corp’s third quarter of fiscal 2026 (quarter ended December 31, 2025) showed modest top-line growth and slight EPS improvement: revenue was $235.6 million (reported as $236 million), up 3% year-over-year, and diluted EPS was $0.47, up 2% from $0.46 a year ago. Year-to-date (nine months) results were stronger—revenues of $710.0 million, up 7%, and diluted EPS of $1.53, up 16% versus the prior-year period—while gross profit and operating income also increased.

Quarter snapshot

Q3 FY2026 revenue of $235.6M vs. $227.97M a year earlier; gross profit $54.92M (23% margin) vs. $52.86M; income from operations $32.23M; net income $24.17M; diluted EPS $0.47 vs. $0.46 in Q3 FY2025.

Nine‑month / YTD performance

For the nine months ended Dec 31, 2025, revenues were $709.98M (up 7% vs. $664.08M), gross profit $169.85M, income from operations $103.42M, net income $79.32M, and diluted EPS $1.53 (up 16% vs. $1.32).

Profitability & margins

Gross profit rose 4% in the quarter to $54.9M with a 23% gross margin; operating income and net income both increased modestly year‑over‑year, supporting the EPS gain despite a slightly higher tax provision ($8.06M vs. $7.03M).

Balance sheet & capital returns

CorVel exited the quarter with $230.0M of cash and cash equivalents and no borrowings; customer deposits and accrued liabilities increased. The company repurchased $13.4M of common stock during the quarter.

Operational & strategic progress

Management reports material advancement of AI initiatives—using AI and agentic AI to boost development velocity, operational efficiency, and product/service outcomes—and says integration of a recent strategic acquisition is progressing ahead of plan, supporting product and technology expansion.