CorVel Corporation (CRVL)

CorVel Income Statement

Financials in millions USD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	933.84	895.59	795.31	718.56	646.23	552.64
Revenue Growth (YoY)	10.43%	12.61%	10.68%	11.19%	16.93%	-6.68%
Cost of Revenue	708.21	685.86	623.62	560.3	494.12	429.02
Gross Profit	225.63	209.73	171.69	158.26	152.11	123.62
Selling, General & Admin	90.33	88.9	76.59	73.71	67.6	64.45
Operating Expenses	90.33	88.9	76.59	73.71	67.6	64.45
Operating Income	135.3	120.82	95.1	84.55	84.51	59.18
Pretax Income	135.3	120.82	95.1	84.55	84.51	59.18
Income Tax Expense	29.97	25.66	18.85	18.19	18.1	12.82
Net Income	105.33	95.17	76.25	66.37	66.41	46.36
Net Income to Common	105.33	95.17	76.25	66.37	66.41	46.36
Net Income Growth	29.20%	24.80%	14.90%	-0.07%	43.26%	-2.15%
Shares Outstanding (Basic)	51	51	51	52	53	54
Shares Outstanding (Diluted)	52	52	52	53	54	54
Shares Change (YoY)	-0.14%	-0.09%	-1.39%	-2.95%	-0.21%	-2.34%
EPS (Basic)	2.05	1.85	1.48	1.28	1.25	0.86
EPS (Diluted)	2.02	1.83	1.47	1.26	1.22	0.85
EPS Growth	28.11%	24.49%	16.67%	3.28%	43.53%	-
Free Cash Flow	101.19	91.56	70	55.97	37.4	77.14
Free Cash Flow Per Share	1.95	1.76	1.34	1.06	0.69	1.42
Gross Margin	24.16%	23.42%	21.59%	22.02%	23.54%	22.37%
Operating Margin	14.49%	13.49%	11.96%	11.77%	13.08%	10.71%
Profit Margin	11.28%	10.63%	9.59%	9.24%	10.28%	8.39%
Free Cash Flow Margin	10.84%	10.22%	8.80%	7.79%	5.79%	13.96%
EBITDA	165.83	150.36	121.35	109.68	108.43	82.61
EBITDA Margin	17.76%	16.79%	15.26%	15.26%	16.78%	14.95%
D&A For EBITDA	30.53	29.54	26.25	25.12	23.92	23.44
EBIT	135.3	120.82	95.1	84.55	84.51	59.18
EBIT Margin	14.49%	13.49%	11.96%	11.77%	13.08%	10.71%
Effective Tax Rate	22.15%	21.24%	19.82%	21.51%	21.42%	21.66%

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q