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CorVel (CRVL) investor relations material
CorVel Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for the nine months ending December 31, 2025, was $710 million, up 7% year-over-year; quarterly revenue was $236 million, a 3% increase from the prior year.
Earnings per share for the nine months reached $1.53, up 16% year-over-year; quarterly EPS was $0.47, a 2% increase.
Net income for the December 2025 quarter was $24.2 million, up from $23.8 million in the prior year.
AI initiatives and technology investments advanced, improving efficiency and outcomes.
Operational results were modest due to short-term factors, not a change in fundamentals.
Financial highlights
Gross profit for the quarter increased 4% to $54.9 million, with a 23% gross margin.
General and administrative expenses as a percentage of revenue decreased from 9.7% to 9.6% year-over-year.
Margin improved from 23.2% to 23.3% year-over-year.
Quarter-ending cash balance was $230 million, with no borrowings.
Fiscal year-to-date free cash flow was $90 million; capital expenditures increased to $36 million, mainly for software development.
Outlook and guidance
Management expects continued growth, leveraging technology and AI to drive efficiency and outcomes.
Cost efficiencies from AI are expected to offset future pricing pressures.
The company is well-positioned for scaling in 2026 and beyond, with a strong technology roadmap.
Integration of a recent strategic acquisition is ahead of plan, accelerating innovation.
- TimeTickerHeadlineOpen
- 5 FebWEX
Q4 2025 revenue and EPS grew strongly, with 2026 guidance projecting continued momentum. - 5 FebCLFD
FY25 sales rose 20% to $150.1M, with improved margins and strong growth outlook for FY26. - 5 FebMAA
Q4 and 2025 results met expectations; 2026 outlook sees modest growth and easing supply. - 5 FebGL
Earnings and premium growth drive higher 2026 guidance and continued share repurchases. - 5 FebABX
Record earnings, strong cash flow, and North America gold IPO plans drive 2025 results. - 5 FebDG
Record free cash flow and broad-based earnings growth drive strong 2025 results and positive 2026 outlook. - 5 FebMOD
Q3 FY26 sales up 31%, strong data center growth, pension charge led to net loss, major spin-off announced. - 5 FebAPOLLOTYRE
Record revenue, profit growth, major expansion, and improved financial metrics in Q3 FY26. - 5 FebCMI
Record 2025 results, $458M Accelera charges, and 2026 growth led by data center power. - 5 FebHP
EBITDA $230M, $1.02B revenue, net loss $97M, $260M debt repaid, strong tech rollout.
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