CorVel (NASDAQ:CRVL) reported strong financial results for the quarter and nine months ended December 31, 2025, driven by the aggressive integration of generative and "agentic" artificial intelligence across its risk management platforms.
The Fort Worth, Texas-based company posted nine-month revenue of $710 million, a 7% increase over the prior year, while earnings per share for the period jumped 16% to $1.53.
For the third fiscal quarter, revenue reached $236 million with diluted earnings of $0.47 per share.
The results highlight CorVel’s successful pivot toward a technology-first service model.
Management reported material progress on its AI initiatives, specifically the deployment of agentic AI to automate complex, multi-step claims processes and streamline the software development lifecycle.
These innovations have improved operational efficiency by shifting team capacity toward higher-value judgment tasks.
Additionally, the company noted that the integration of a strategic technology acquisition—completed earlier in the fiscal year to bolster its CERIS health division—is progressing ahead of plan and accelerating the 2026 product roadmap.
CorVel also maintained a fortress balance sheet, exiting the quarter with $230 million in cash and zero debt.