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Dec 31, 2025
CorVel Q3 2026 Earnings Report
CorVel reported its financial results for the quarter and nine months ended December 31, 2025.
Key Takeaways
CorVel Corporation announced a 3% increase in revenue to $236 million for the quarter ended December 31, 2025, compared to the same period in the prior fiscal year. Diluted earnings per share also saw a slight increase to $0.47, up 2% from $0.46 in the previous year's quarter. The company ended the quarter with a strong cash position of $230 million and no borrowings, and repurchased $13.4 million of common stock.
Revenue for the quarter increased by 3% to $236 million compared to the third quarter of fiscal year 2025.
Gross profit for the quarter increased by 4% to $54.9 million, maintaining a 23% gross margin.
Diluted earnings per share for the quarter increased by 2% to $0.47.
The company ended the quarter with $230 million in cash and cash equivalents and no borrowings, and repurchased $13.4 million of common stock.
Forward Guidance
The company anticipates continued productivity improvements from automation and augmentation across enterprise business systems, driven by ongoing AI initiatives and strategic acquisitions.
Positive Outlook
- AI initiatives are advancing materially, improving efficiency and enhancing outcomes for partners.
- Leveraging emerging technologies, including agentic AI, to transform software development lifecycle, increasing velocity and productivity.
- Robust 2026 software development roadmap.
- Integration of recent strategic acquisition progressing ahead of plan, accelerating innovation and expanding technology capabilities.
- Investments align with customer priorities for efficiency, transparency, and measurable outcomes in P&C and CERIS businesses.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- The company acknowledges risks and uncertainties that could cause actual results to differ materially from forward-looking statements.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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