Corvel Corp (CRVL) Financial Statements
Industry: Insurance Agents, Brokers & Service
In fiscal 2026, Corvel reported revenue of $958.5M, up 7.0% from $895.6M the year before. Net income was $110.3M (a 11.5% net margin), or $2.14 per diluted share. Gross margin was 24.3% and operating margin was 11.6%. Operating activities generated $155.6M of cash, leaving $110.3M of free cash flow. At fiscal year end, Corvel held $643.0M in total assets against $248.8M in total liabilities, including $233.1M of cash and equivalents.
Open the full interactive Corvel financials → Quarterly statements, key ratios, valuation history and price charts.
Corvel Key Stats
| Share Price | $78.81 |
|---|---|
| Market Cap | $4.01B |
| P/E Ratio | 36.8 |
| Revenue YoY Growth | +7.0% |
| 52-Week Range | $46.00 – $78.81 |
| Shares Outstanding | 50.8 million (basic, 2027 Q1) |
Corvel Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $552.6M | $646.2M | $718.6M | $795.3M | $895.6M | $958.5M |
| Cost of Goods Sold | $429.0M | $494.1M | $560.3M | $623.6M | $685.9M | $725.7M |
| Gross Profit | $123.6M | $152.1M | $158.3M | $171.7M | $209.7M | $232.9M |
| Operating Income | $59.2M | $84.5M | $84.6M | $95.1M | $91.3M | $111.4M |
| Pre-Tax Income | $59.2M | $84.5M | $84.6M | $95.1M | $120.8M | $143.1M |
| Income Tax | $12.8M | $18.1M | $18.2M | $18.8M | $25.7M | $32.8M |
| Net Income | $46.4M | $66.4M | $66.4M | $76.3M | $95.2M | $110.3M |
| Diluted EPS | $0.85 | $1.22 | $1.26 | $1.47 | $1.83 | $2.14 |
Corvel Quarterly Results
| 2026 Q2 | 2026 Q3 | 2026 Q4 | 2027 Q1 | |
|---|---|---|---|---|
| Revenue | $239.6M | $235.6M | $248.5M | $259.9M |
| Net Income | $27.9M | $24.2M | $31.0M | $32.2M |
| Diluted EPS | $0.54 | $0.47 | $0.60 | $0.63 |
Corvel Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $139.7M | $97.5M | $71.3M | $105.6M | $170.6M | $233.1M |
| Current Assets | $268.9M | $265.0M | $243.8M | $302.2M | $386.7M | $462.3M |
| Total Assets | $424.8M | $415.2M | $393.9M | $454.7M | $546.0M | $643.0M |
| Current Liabilities | $162.5M | $171.4M | $167.9M | $184.5M | $204.0M | $228.1M |
| Total Liabilities | $204.4M | $202.9M | $191.7M | $207.0M | $224.0M | $248.8M |
| Shareholders' Equity | $220.4M | $212.4M | $202.2M | $247.6M | $322.0M | $394.2M |
Corvel Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $94.4M | $67.2M | $82.3M | $99.2M | $127.3M | $155.6M |
| Cash From Investing | -$17.2M | -$29.8M | -$26.3M | -$29.2M | -$35.8M | -$45.4M |
| Cash From Financing | -$20.6M | -$79.6M | -$82.1M | -$35.8M | -$26.5M | -$47.8M |
| Free Cash Flow | $77.1M | $37.4M | $56.0M | $70.0M | $91.6M | $110.3M |
Figures from Corvel's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Corvel financials page for every line item.
Corvel Company Profile
| Ticker | CRVL |
|---|---|
| Exchange | Nasdaq |
| Industry | Insurance Agents, Brokers & Service |
| Headquarters | Portland, Oregon |
| Incorporated in | Delaware |
| Fiscal Year End | March 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000874866 |
Frequently Asked Questions
What was Corvel's revenue in fiscal 2026?
Corvel (CRVL) reported revenue of $958.5M for fiscal 2026.
What is Corvel's annual revenue history?
Corvel's annual revenue by fiscal year: 2021: $552.6M; 2022: $646.2M; 2023: $718.6M; 2024: $795.3M; 2025: $895.6M; 2026: $958.5M.
What was Corvel's net income in fiscal 2026?
Corvel reported net income of $110.3M for fiscal 2026.
What was Corvel's earnings per share (EPS) in fiscal 2026?
Corvel's diluted EPS was $2.14 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did Corvel generate in fiscal 2026?
Corvel generated $110.3M of free cash flow in fiscal 2026.
What was Corvel's revenue last quarter?
In its most recent reported quarter (2027 Q1), Corvel reported revenue of $259.9M.
How many shares of Corvel are outstanding?
Corvel reported a weighted average of 50.8 million basic shares outstanding in 2027 Q1.
What is Corvel's market cap?
Based on its latest closing price, Corvel (CRVL) has a market capitalization of about $4.01B.
When does Corvel's fiscal year end?
Corvel's fiscal year end, as registered with the SEC, is March 31.
Where is Corvel headquartered?
Corvel lists its business address in Portland, Oregon in its SEC filings.