Quarterly ResultMay 20, 2026, 06:16 AM
CorVel FY26 Revenue $959M, EPS $2.14; Q4 Revenue $249M, EPS $0.61
AI Summary
CorVel Corporation announced strong financial results for the fiscal year and fourth quarter ended March 31, 2026. Fiscal year revenues increased 7% to $959 million, with diluted EPS rising 17% to $2.14. For the fourth quarter, revenues grew 7% to $249 million, and diluted EPS increased 20% to $0.61. The company also repurchased $20.1 million of common stock during the quarter and ended with $233 million in cash and no debt, while its CERIS and P&C services divisions showed significant operational advancements and strong demand.
Key Highlights
- Fiscal Year 2026 revenues reached $959 million, a 7% increase year-over-year.
- Fiscal Year 2026 diluted earnings per share were $2.14, up 17% year-over-year.
- Fourth quarter 2026 revenues were $249 million, a 7% increase from the prior year quarter.
- Fourth quarter 2026 diluted earnings per share were $0.61, up 20% from the prior year quarter.
- The company repurchased $20.1 million of common stock during the fourth quarter.
- CorVel exited the quarter with $233 million in cash and no borrowings.
- CERIS health division saw strong demand and multiple large payer sales.
- P&C services advanced its technology-enabled model through the CorVel ConnectedTM interface.
Price Impact
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