CorVel Cash Flow Statement

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

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 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
Stock-Based Compensation	5.52	5.71	4.98	5.56	5.2	4.98
Other Adjustments	-2.49	-1.27	-1.2	-0.28	2.58	-5.77
Change in Receivables	1.8	-10.46	-17.9	0.34	-18.02	-0.98
Changes in Accounts Payable	4.88	0.16	1.32	-4.4	1.42	-3.36
Changes in Accrued Expenses	20.34	19.38	15.29	-4.36	8.05	31.56
Changes in Unearned Revenue	-15.93	-13.33	-8.12	-10.24	-13.28	-7.51
Changes in Other Operating Activities	-1.86	2.43	2.36	4.19	-9.05	5.65
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	7.63	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
Net Common Stock Issued (Repurchased)	-37.37	-26.54	-35.76	-82.14	-79.62	-20.64
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	13.86%	30.81%	25.07%	49.63%	-51.51%	59.16%
FCF Margin	11.07%	10.22%	8.80%	7.79%	5.79%	13.96%
Free Cash Flow Per Share	2.01	1.76	1.35	1.06	0.69	1.42
Levered Free Cash Flow	17.87	898	803.18	702.55	627.47	585.19
Unlevered Free Cash Flow	17.87	898	803.18	702.55	627.47	585.19

Updated Feb 3, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q