CorVel posts 11% quarterly revenue growth to $267M
Key points
- CorVel reported quarterly revenue of $267 million for the period ended September 30, 2026, an increase of 11% year over year.
- Diluted earnings per share increased 24% to $0.67, while net income rose to $34.1 million and gross profit increased 24% to $72.3 million.
- CorVel ended the quarter with $270 million in cash and cash equivalents and no borrowings after repurchasing $18.1 million of its common stock.
CorVel Corporation (NASDAQ:CRVL) reported revenue of $267 million for its fiscal second quarter ended September 30, 2026, up 11% year over year, as earnings grew faster than sales.
Diluted earnings per share increased 24% to $0.67 from $0.54, while net income rose to $34.1 million from $27.9 million a year earlier.
Gross profit increased 24% to $72.3 million, representing a gross margin of approximately 27%, compared with roughly 24% in the prior-year quarter.
General and administrative expenses increased to $26.5 million from $22.3 million, while the company repurchased $18.1 million of common stock during the quarter.
For the six months ended September 30, revenue increased to $527 million from $474 million, while diluted earnings per share rose to $1.31 from $1.06.
CorVel ended September with $270 million in cash and cash equivalents and no borrowings, giving it liquidity to support its operations and capital allocation activities.
The company provides technology-enabled workers' compensation, medical cost management and claims administration services, helping employers, insurers and other customers manage healthcare expenses and workplace injury claims.
