CorVel (CRVL) Financial Statements & Analysis

CorVel (CRVL) Income Statement

CorVel reported revenue of $958.53M in fiscal 2026 (fiscal year ended Mar 31, 2026), up 7.0% from $895.59M a year earlier. Net income was $110.34M, up 16.0% year over year, a net margin of 11.5%. Gross margin was 24.3% and operating margin 14.9%. In the most recent quarter, Q1 fiscal 2027 (ended Jun 30, 2026), revenue was $259.93M, up 10.7% from the same quarter a year earlier.

CorVel Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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CorVel Corporation income statement - Annual data in billions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Revenue & Gross Profit
Revenue	0.96	0.90	0.80	0.72	0.65	0.55	0.59	0.60	0.56	0.52
Cost of Revenue	0.73	0.69	0.62	0.56	0.43	0.43	0.47	0.47	0.45	0.41
Gross Profit	0.23	0.21	0.17	0.16	0.65	0.12	0.13	0.12	0.11	0.10
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	89.73	0.09	0.08	0.07	0.06	0.06	0.07	0.06	0.06	0.06
Operating Expenses	0.09	0.09	0.08	0.07	0.00	0.06	0.07	0.06	0.06	0.06
Operating Income	0.14	0.12	0.10	0.08	0.65	0.06	0.06	0.06	0.05	0.05
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	0.14	0.12	0.10	0.08	0.65	0.06	0.06	0.06	0.05	0.05
Income Tax Expense	0.03	0.03	0.02	0.02	0.01	0.01	0.01	0.01	0.01	0.02
Net Income	0.11	0.10	0.08	0.07	0.65	0.05	0.05	0.05	0.04	0.03
Net Income - Continuous Operations	0.11	0.10	0.08	0.07	0.07	0.05	0.05	0.05	0.04	0.03
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	0.17	0.15	0.12	0.11	0.67	0.08	0.08	0.08	0.07	0.07
EBIT	0.14	0.12	0.10	0.08	0.65	0.55	-	-	-	-
Depreciation & Amortization	0.03	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.02	0.02
Earnings Per Share
Basic EPS	2.00	2.00	1.00	1.00	1.00	3.00	3.00	2.00	2.00	2.00
Diluted EPS	2.00	2.00	1.00	1.00	1.00	3.00	3.00	2.00	2.00	2.00
Basic Shares Outstanding	0.05	0.05	0.05	0.05	0.05	0.02	0.02	0.02	0.02	0.02
Diluted Shares Outstanding	0.05	0.05	0.05	0.05	0.05	0.02	0.02	0.02	0.02	0.02

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About CorVel Financial Statements

What was CorVel's revenue in fiscal 2026?

CorVel reported revenue of $958.53M in fiscal 2026 (fiscal year ended Mar 31, 2026). That was up 7.0% from $895.59M a year earlier.

Is CorVel profitable?

Yes. CorVel earned net income of $110.34M in fiscal 2026, a net margin of 11.5%. In fiscal 2025 it earned $95.17M.

What is CorVel's operating margin?

CorVel's operating income was $143.13M on revenue of $958.53M in fiscal 2026, an operating margin of 14.9%, compared with 13.5% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition