CorVel Corporation (NASDAQ: CRVL) closed at $246.30, up 0.82% on the session, after reporting results for the quarter ended December 31, 2025. The company’s market capitalization stood at $12.6 billion at the close.
Latest Quarterly Results (Q3FY26)
For the third quarter of fiscal year 2026, CorVel reported revenue of $235.6 million, compared with $228.0 million in the same quarter a year earlier. Net income for the quarter was $24.2 million, versus $23.8 million in the prior-year period. Diluted earnings per share were $0.47, compared with $0.46 a year earlier. Gross profit for the quarter was $54.9 million, up from $52.9 million in the comparable period. Gross margin was reported at 23%. Income from operations totaled $32.2 million for the quarter.
Segment Highlights
CorVel reports revenue on a consolidated basis across its service platforms. Operational activity during the quarter continued across the Property & Casualty and CERIS businesses.
Financial Trends
For the nine months ended December 31, 2025, CorVel reported revenue of $710.0 million, up from $664.1 million in the corresponding period a year earlier. Net income for the nine-month period was $79.3 million, compared with $68.7 million in the prior-year period. Diluted earnings per share for the nine months were $1.53, up from $1.32 a year earlier.
Business & Operations Update
During the quarter, CorVel advanced technology-driven initiatives across claims management and medical cost containment platforms. The company highlighted continued deployment of automation and analytics across operations.
M&A or Strategic Moves
CorVel reported ongoing integration of a recent strategic acquisition. No new acquisitions or divestitures were announced during the quarter.
Equity Analyst Commentary
Institutional research commentary referenced in public summaries noted steady revenue growth and stable margins, alongside strong liquidity and no borrowings.
Guidance & Outlook — what to watch for
What to watch for includes updates on revenue trends, capital allocation activity, and progress on technology initiatives.
Performance Summary
CorVel shares rose 0.82% at the close. Quarterly revenue reached $235.6 million, with net income of $24.2 million. Earnings per share increased year over year.