CorVel Announces Revenues and Earnings
CorVel Corporation (NASDAQ: CRVL) reported strong financial results for Q1 FY2026. The company achieved revenue of $235 million, an 11% increase from the previous year, while earnings per share grew 24% to $0.52. Gross profit rose 18% to $56.8 million, maintaining a 24% gross margin.
The company ended the quarter with a robust cash position of $202 million and no debt, while executing $9.6 million in share repurchases. Additionally, CorVel completed a strategic acquisition of assets and talent from a private technology firm to enhance its CERIS group health division capabilities, expected to be accretive to growth in the medium term.
CorVel Corporation (NASDAQ: CRVL) ha riportato risultati finanziari solidi per il primo trimestre dell'anno fiscale 2026. L'azienda ha raggiunto un fatturato di 235 milioni di dollari, con un aumento dell'11% rispetto all'anno precedente, mentre gli utili per azione sono cresciuti del 24% attestandosi a 0,52 dollari. Il profitto lordo 猫 salito del 18% a 56,8 milioni di dollari, mantenendo un margine lordo del 24%.
La societ脿 ha chiuso il trimestre con una solida posizione di cassa di 202 milioni di dollari e senza debiti, effettuando inoltre riacquisti di azioni per 9,6 milioni di dollari. Inoltre, CorVel ha completato un'acquisizione strategica di asset e talenti da una societ脿 privata di tecnologia per potenziare le capacit脿 della sua divisione sanitaria CERIS, operazione che si prevede contribuir脿 alla crescita nel medio termine.
CorVel Corporation (NASDAQ: CRVL) report贸 s贸lidos resultados financieros para el primer trimestre del a帽o fiscal 2026. La compa帽铆a alcanz贸 unos ingresos de 235 millones de d贸lares, un aumento del 11% respecto al a帽o anterior, mientras que las ganancias por acci贸n crecieron un 24% hasta 0,52 d贸lares. La ganancia bruta aument贸 un 18% hasta 56,8 millones de d贸lares, manteniendo un margen bruto del 24%.
La empresa finaliz贸 el trimestre con una fuerte posici贸n de efectivo de 202 millones de d贸lares y sin deuda, ejecutando adem谩s recompras de acciones por 9,6 millones de d贸lares. Adicionalmente, CorVel complet贸 una adquisici贸n estrat茅gica de activos y talento de una empresa tecnol贸gica privada para mejorar las capacidades de su divisi贸n de salud grupal CERIS, que se espera contribuya al crecimiento a mediano plazo.
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CorVel Corporation (NASDAQ : CRVL) a publi茅 de solides r茅sultats financiers pour le premier trimestre de l'exercice 2026. La soci茅t茅 a r茅alis茅 un chiffre d'affaires de 235 millions de dollars, soit une augmentation de 11 % par rapport 脿 l'ann茅e pr茅c茅dente, tandis que le b茅n茅fice par action a progress茅 de 24 % pour atteindre 0,52 dollar. Le b茅n茅fice brut a augment茅 de 18 % pour atteindre 56,8 millions de dollars, maintenant une marge brute de 24 %.
L'entreprise a termin茅 le trimestre avec une position de tr茅sorerie robuste de 202 millions de dollars et sans dette, tout en r茅alisant des rachats d'actions pour 9,6 millions de dollars. De plus, CorVel a finalis茅 une acquisition strat茅gique d'actifs et de talents aupr猫s d'une entreprise technologique priv茅e afin de renforcer les capacit茅s de sa division sant茅 de groupe CERIS, ce qui devrait contribuer 脿 la croissance 脿 moyen terme.
CorVel Corporation (NASDAQ: CRVL) meldete starke Finanzergebnisse f眉r das erste Quartal des Gesch盲ftsjahres 2026. Das Unternehmen erzielte einen Umsatz von 235 Millionen US-Dollar, was einer Steigerung von 11 % gegen眉ber dem Vorjahr entspricht, w盲hrend der Gewinn je Aktie um 24 % auf 0,52 US-Dollar stieg. Der Bruttogewinn stieg um 18 % auf 56,8 Millionen US-Dollar und hielt eine Bruttomarge von 24 %.
Das Unternehmen beendete das Quartal mit einer soliden Cash-Position von 202 Millionen US-Dollar und ohne Schulden, wobei Aktienr眉ckk盲ufe im Wert von 9,6 Millionen US-Dollar durchgef眉hrt wurden. Zus盲tzlich schloss CorVel eine strategische 脺bernahme von Verm枚genswerten und Talenten eines privaten Technologieunternehmens ab, um die F盲higkeiten seiner CERIS-Gruppengesundheitsdivision zu st盲rken, was mittelfristig wachstumsf枚rdernd erwartet wird.
- Revenue increased 11% year-over-year to $235 million
- Earnings per share grew 24% to $0.52
- Gross profit improved 18% to $56.8 million with 24% margins
- Strong cash position of $202 million with zero debt
- Strategic technology acquisition to enhance CERIS division capabilities
- Slight decrease in weighted shares from 51,939,000 to 51,912,000
- General and administrative expenses increased 6.7% to $21.5 million
Insights
CorVel delivered strong Q1 FY2026 results with double-digit growth across revenue, profit, and EPS, while expanding margins and making strategic acquisitions.
CorVel Corporation has posted impressive first quarter results for fiscal year 2026, with substantial growth across key financial metrics. Revenue increased
The bottom line showed even stronger improvement, with diluted earnings per share climbing
CorVel's balance sheet remains robust with
The acquisition of assets and talent from a private technology firm aligns with CorVel's innovation strategy, particularly in strengthening their CERIS group health division. Management expects this acquisition to accelerate growth in the medium term while enhancing their technological capabilities. The company's mention of R&D investments in agentic AI suggests a forward-looking approach to maintaining competitive advantages in their industry.
This quarter demonstrates CorVel's consistent execution capability and focus on balancing current performance with strategic long-term investments in technology and innovation.
FORT WORTH, Texas, Aug. 05, 2025 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL) announced the results for the quarter ended June 30, 2025. Revenues for the quarter were
First Quarter Fiscal Year 2026 Highlights听
- Revenue increased
11% to$235 million , compared to first quarter of fiscal year 2025. - Gross profit increased
18% to$56.8 million , at24% gross margin, compared to first quarter of fiscal year 2025 gross profit of$48.2 million . - Diluted earnings per share increased
24% to$0.52 , compared to first quarter of fiscal year 2025 diluted earnings per share of$0.42 . - Exited the quarter with
$202 million of cash, cash equivalents, and no borrowings. - The Company repurchased
$9.6 million of common stock during the quarter.
The results achieved in the quarter were driven by disciplined execution and a clear focus on long-term strategy. CorVel鈥檚 teams continue to advance innovation initiatives, including targeted R&D in agentic AI, strengthen operational capabilities, enhance customer outcomes, and deliver sustainable value for shareholders.
As part of CorVel鈥檚 ongoing commitment to innovation and long-term growth, the Company has completed the acquisition of assets and key talent from a privately held technology firm. The acquired assets include proprietary tools and intellectual property that are expected to enhance the capabilities of the CERIS group health division. This acquisition provides additional strength to foundational technologies and aligns with the strategic vision of delivering advanced, scalable solutions to CERIS partners. The integration of these assets will enhance innovation, reduce time-to-market, and increase the value provided in many areas. The transaction was completed in July and the Company expects the transaction to be accretive to growth over the medium term.
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鈥檚 current expectations, estimates and projections about the Company, management鈥檚 beliefs, and certain assumptions made by the Company, and events beyond the Company鈥檚 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.听 These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause the Company鈥檚 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.听 The risks and uncertainties referred to above include but are not limited to factors described in this press release and the Company鈥檚 filings with the Securities and Exchange Commission, including but not limited to 鈥淩isk Factors鈥� in the Company鈥檚 Annual Report on Form 10-K for the year ended March 31, 2025, and the Company鈥檚 Quarterly Report on Form 10-Q for the quarters ended June 30, 2024, September 30, 2024, and December 31, 2024. 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.
| CorVel Corporation Quarterly Results 鈥� Income Statement Quarters Ended June 30, 2025 (unaudited) and June 30, 2024 (unaudited) | ||||||||
| 听 | ||||||||
| Quarter Ended | 听 | June听30, 2025 | 听 | 听 | June听30, 2024 | 听 | ||
| Revenues | 听 | $ | 234,711,000 | 听 | 听 | $ | 211,722,000 | 听 |
| Cost of revenues | 听 | 听 | 177,950,000 | 听 | 听 | 听 | 163,567,000 | 听 |
| Gross profit | 听 | 听 | 56,761,000 | 听 | 听 | 听 | 48,155,000 | 听 |
| General and administrative | 听 | 听 | 21,478,000 | 听 | 听 | 听 | 20,120,000 | 听 |
| Income from operations | 听 | 听 | 35,283,000 | 听 | 听 | 听 | 28,035,000 | 听 |
| Income tax provision | 听 | 听 | 8,048,000 | 听 | 听 | 听 | 6,458,000 | 听 |
| Net income | 听 | $ | 27,235,000 | 听 | 听 | $ | 21,577,000 | 听 |
| Earnings Per Share: | 听 | 听 | 听 | 听 | 听 | 听 | ||
| Basic | 听 | $ | 0.53 | 听 | 听 | $ | 0.42 | 听 |
| Diluted | 听 | $ | 0.52 | 听 | 听 | $ | 0.42 | 听 |
| Weighted Shares | 听 | 听 | 听 | 听 | 听 | 听 | ||
| Basic | 听 | 听 | 51,352,000 | 听 | 听 | 听 | 51,366,000 | 听 |
| Diluted | 听 | 听 | 51,912,000 | 听 | 听 | 听 | 51,939,000 | 听 |
| CorVel Corporation Quarterly Results 鈥� Condensed Balance Sheet June 30, 2025 (unaudited) and March 31, 2025听 | ||||||||
| 听 | ||||||||
| 听 | 听 | June听30, 2025 | 听 | 听 | March听31, 2025 | 听 | ||
| Cash | 听 | $ | 202,025,000 | 听 | 听 | $ | 170,584,000 | 听 |
| Customer deposits | 听 | 听 | 108,138,000 | 听 | 听 | 听 | 101,472,000 | 听 |
| Accounts receivable, net | 听 | 听 | 101,975,000 | 听 | 听 | 听 | 104,126,000 | 听 |
| Prepaid taxes and expenses | 听 | 听 | 9,486,000 | 听 | 听 | 听 | 10,507,000 | 听 |
| Property, net | 听 | 听 | 108,440,000 | 听 | 听 | 听 | 92,052,000 | 听 |
| Goodwill and other assets | 听 | 听 | 46,779,000 | 听 | 听 | 听 | 46,410,000 | 听 |
| Right-of-use asset, net | 听 | 听 | 20,605,000 | 听 | 听 | 听 | 20,825,000 | 听 |
| Total | 听 | $ | 597,448,000 | 听 | 听 | $ | 545,976,000 | 听 |
| Accounts and taxes payable | 听 | $ | 30,689,000 | 听 | 听 | $ | 16,792,000 | 听 |
| Accrued liabilities | 听 | 听 | 204,532,000 | 听 | 听 | 听 | 187,244,000 | 听 |
| Long-term lease liabilities | 听 | 听 | 19,695,000 | 听 | 听 | 听 | 19,953,000 | 听 |
| Paid-in capital | 听 | 听 | 253,339,000 | 听 | 听 | 听 | 250,412,000 | 听 |
| Treasury stock | 听 | 听 | (841,127,000 | ) | 听 | 听 | (831,510,000 | ) |
| Retained earnings | 听 | 听 | 930,320,000 | 听 | 听 | 听 | 903,085,000 | 听 |
| Total | 听 | $ | 597,448,000 | 听 | 听 | $ | 545,976,000 | 听 |
Contact: Melissa Storan
Phone: 949-851-1473
FAQ
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