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Sep 30, 2024
CorVel Q2 2025 Earnings Report
CorVel's revenue and earnings increased in the second quarter of fiscal year 2025.
Key Takeaways
CorVel Corporation reported a 15% increase in revenue to $224 million and a 17% increase in diluted earnings per share to $1.35 for the quarter ended September 30, 2024. The quarterly results benefited from revenue generated by several large Network Solutions programs launched in previous quarters and the continued strong new sales and operational performance of the Patient Management Segment. The Net Revenue Retention for the quarter was 110%.
Revenue increased 15% to $224 million, compared to the second quarter of fiscal year 2024.
Gross profit increased 15% to $50.7 million, with a 22.6% gross margin, compared to the second quarter of fiscal year 2024.
Diluted earnings per share increased 17% to $1.35, compared to the second quarter of fiscal year 2024.
The company exited the quarter with $138 million of cash and cash equivalents and no borrowings.
Forward Guidance
All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on the Company’s current expectations, estimates and projections about the Company, management’s beliefs, and certain assumptions made by the Company, and events beyond the Company’s control, all of which are subject to change.
Positive Outlook
- Improved productivity resulting from automation and augmentation across enterprise business systems.
- Conservative fiscal principles have created a strong balance sheet with positive cash flow.
- Financial flexibility.
- Prioritize investments in systems.
- Technological innovation.
Challenges Ahead
- Risks, uncertainties and assumptions that could cause the Company’s actual results to differ materially and adversely from those expressed in any forward-looking statement results of operations and financial condition is greater than our initial assessment.
- Factors described in this press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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