CorVel Financial Statements
NASDAQ: CRVLFinanceSpecialty InsurersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
CorVel revenue and earnings
In fiscal 2026, CorVel generated $958.5 million in revenue, up 7.0% from fiscal 2025, its 5th consecutive year of revenue growth. Net income was $110.3 million (+16.0% year over year), for a net margin of 11.5% versus a median of 9.6% in the prior 5 years. Gross margin was 24.3% (up from 23.4%).
Diluted earnings per share came in at $2.14, up from $1.83. Over the last 5 fiscal years, CRVL's revenue has grown at a 11.6% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
CorVel income statement (annual)
| Fiscal year (USD) | FY 20262026-03-31 | FY 20252025-03-31 | FY 20242024-03-31 | FY 20232023-03-31 | FY 20222022-03-31 | FY 20212021-03-31 | FY 20202020-03-31 | FY 20192019-03-31 | FY 20182018-03-31 | FY 20172017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 958.53M | 895.59M | 795.31M | 718.56M | 646.23M | 552.64M | 592.23M | 595.74M | 558.35M | 518.69M |
| Revenue growth (YoY) | +7.03% | +12.61% | +10.68% | +11.19% | +16.93% | -6.68% | -0.59% | +6.70% | +7.65% | +3.00% |
| Cost of Revenue | 725.66M | 685.86M | 623.62M | 560.30M | 494.12M | 429.02M | 466.30M | 470.93M | 451.10M | 413.89M |
| Gross Profit | 232.86M | 209.73M | 171.69M | 158.26M | 152.11M | 123.62M | 125.92M | 124.81M | 107.25M | 104.79M |
| Pretax Income | 143.13M | 120.82M | 95.10M | 84.55M | 84.51M | 59.17M | 60.71M | 61.51M | 47.90M | 47.55M |
| Income Tax | 32.79M | 25.66M | 18.85M | 18.19M | 18.10M | 12.82M | 13.33M | 14.81M | 12.21M | 18.07M |
| Net Income | 110.34M | 95.17M | 76.25M | 66.36M | 66.41M | 46.36M | 47.38M | 46.70M | 35.70M | 29.48M |
| Net Income growth (YoY) | +15.95% | +24.80% | +14.90% | -0.07% | +43.26% | -2.16% | +1.44% | +30.84% | +21.09% | +3.34% |
| EPS (Basic) | 2.15 | 1.85 | 1.48 | 1.28 | 3.74 | 2.59 | 2.59 | 2.48 | 1.90 | 1.52 |
| EPS (Diluted) | 2.14 | 1.83 | 1.47 | 1.26 | 3.66 | 2.55 | 2.55 | 2.46 | 1.87 | 1.51 |
| Shares Outstanding (Basic) | 51.28M | 51.38M | 51.37M | 51.98M | 17.75M | 17.93M | 18.33M | 18.79M | 18.82M | 19.42M |
| Shares Outstanding (Diluted) | 51.63M | 51.99M | 52.04M | 52.78M | 18.13M | 18.17M | 18.60M | 19.01M | 19.04M | 19.57M |
| Gross Margin | 24.29% | 23.42% | 21.59% | 22.02% | 23.54% | 22.37% | 21.26% | 20.95% | 19.21% | 20.20% |
| Net Margin | 11.51% | 10.63% | 9.59% | 9.24% | 10.28% | 8.39% | 8.00% | 7.84% | 6.39% | 5.68% |
This table shows 10 annual periods of CorVel's income statement, from FY 2026 back to FY 2017, across 12 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow CRVL's reporting calendar. What is a income statement?