CorVel Corporation (CRVL)

CorVel Cash Flow 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	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Net Income	105.73	95.17	76.25	66.37	66.41	46.36
Depreciation & Amortization	31.1	29.54	26.25	25.12	23.92	23.44
Asset Writedown & Restructuring Costs	0.34	0.44	0.29	0.42	0.12	0.59
Stock-Based Compensation	5.52	5.71	4.98	5.56	5.2	4.98
Provision & Write-off of Bad Debts	2.28	3.45	1.83	1.22	0.16	2.02
Other Operating Activities	-5.11	-5.16	-3.32	-1.91	2.3	-8.38
Change in Accounts Receivable	1.8	-10.46	-17.9	0.34	-18.02	-0.98
Change in Accounts Payable	4.88	0.16	1.32	-4.4	1.42	-3.36
Change in Other Net Operating Assets	5.28	8.47	9.53	-10.42	-14.29	29.71
Operating Cash Flow	149.09	127.32	99.24	82.29	67.22	94.38
Operating Cash Flow Growth	24.62%	28.29%	20.60%	22.41%	-28.77%	16.77%
Capital Expenditures	-44.84	-35.76	-29.24	-26.32	-29.82	-17.24
Investing Cash Flow	-44.84	-35.76	-29.24	-26.32	-29.82	-17.24
Issuance of Common Stock	7.84	11.07	9.95	11.53	10.47	12.03
Repurchase of Common Stock	-45	-37.61	-45.71	-93.68	-90.09	-32.67
Financing Cash Flow	-37.16	-26.54	-35.76	-82.14	-79.62	-20.64
Net Cash Flow	67.09	65.02	34.23	-26.18	-42.21	56.49
Free Cash Flow	104.25	91.56	70	55.97	37.4	77.14
Free Cash Flow Growth	26.37%	30.81%	25.07%	49.63%	-51.51%	59.16%
Free Cash Flow Margin	11.07%	10.22%	8.80%	7.79%	5.79%	13.96%
Free Cash Flow Per Share	2.01	1.76	1.34	1.06	0.69	1.42
Cash Income Tax Paid	31.46	28.1	22.87	19.99	19.41	20.76
Levered Free Cash Flow	98.29	75.85	54.85	52.22	22.18	73.93
Unlevered Free Cash Flow	98.29	75.85	54.85	52.22	22.18	73.93
Change in Working Capital	9.24	-1.83	-7.05	-14.48	-30.88	25.37

Updated Feb 3, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q