Corvel Corp (CRVL)
Corvel Corp brought in $1B of revenue over the twelve months to September 30, 2026, up 8.3% from a year earlier. Net income was $121.5M, a net margin of 12.0%. Operating cash flow minus capital spending left $110.3M of free cash flow in fiscal 2026. At September 30, 2026 it held $270M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about Corvel Corp
- Net worth
- Corvel Corp has a market value (market cap) of $4.2B at the latest share price, and shareholders' equity of $430.5M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2026 revenue was $958.5M (+7.0% year on year), with net income of $110.3M. Over the 12 months to September 30, 2026: revenue $1B, net income $121.5M.
- Cash flow
- In fiscal 2026 operations brought in $155.6M of cash; after $45.4M of capital spending, free cash flow was $110.3M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Corvel Corp's next report is expected around February 2, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Corvel Corp does
Corvel Corp is registered with the SEC under industry code SIC 6411 (Insurance Agents, Brokers & Service). Its shares trade on NASDAQ under the ticker CRVL.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2026 | $958.5M | $110.3M | $2.14 | $110.3M |
| 2025 | $895.6M | $95.2M | $1.83 | $91.6M |
| 2024 | $795.3M | $76.3M | $1.47 | $70M |
| 2023 | $718.6M | $66.4M | $1.26 | $56M |
| 2022 | $646.2M | $66.4M | $1.22 | $37.4M |
| 2021 | $552.6M | $46.4M | $0.85 | $77.1M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where CRVL ranks in Finance
Latest SEC filings
What Corvel Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 11% to $267.1M versus the same quarter last year; diluted EPS $0.67 versus $0.54.
- November 3, 2026
- August 11, 2026
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 11% to $259.9M versus the same quarter last year; diluted EPS $0.63 versus $0.52.
- August 5, 2026
- June 26, 2026
- June 26, 2026Additional proxy material DEFA14A
- June 26, 2026Proxy statement DEF 14A
- June 1, 2026
- May 22, 2026Annual report 10-K · period to March 31, 2026Revenue rose 7% to $958.5M versus the prior year; diluted EPS $2.14 versus $1.83.
What is CRVL worth? A DCF from its reported cash flow
Insider trades
What the people running Corvel Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $16.3M worth of shares in the last 90 days and bought none on the open market. Most of the selling (96%) was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 6, 2026 | Combs Michael GCEO & President | Exercised options | 4,800 | $315.5K |
| November 6, 2026 | Combs Michael GCEO & President | Shares withheld for tax | 3,793 | $315.4K |
| November 6, 2026 | Combs Michael GCEO & President | Shares withheld for tax | 486 | $40.4K |
| November 6, 2026 | Combs Michael GCEO & President | Exercised options | 2,907 | $191K |
| November 6, 2026 | Combs Michael GCEO & President | Shares withheld for tax | 2,297 | $191K |
| November 6, 2026 | Combs Michael GCEO & President | Shares withheld for tax | 294 | $24.4K |
| November 6, 2026 | Combs Michael GCEO & President | Exercised options | 1,653 | $108.6K |
| November 6, 2026 | Combs Michael GCEO & President | Shares withheld for tax | 1,306 | $108.6K |
Who owns CRVL
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Jeffrey J. Michael13G, passive with 1 related filers | 38% | February 14, 2025 |
| Kayne Anderson Rudnick Investment Management, LLC13G, passive | 9.7% | February 13, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 289 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 5,139,406 | +262,510 |
| Kayne Anderson Rudnick Investment Management LLC | 4,551,195 | -319,794 |
| Vanguard Portfolio Management LLC | 1,719,876 | +28,477 |
| Renaissance Technologies LLC | 1,529,530 | -88,300 |
| Vanguard Capital Management LLC | 1,298,302 | +1,310 |
| State Street Corp | 1,289,247 | +80,056 |
| Dimensional Fund Advisors LP | 1,136,109 | -24,444 |
| Geode Capital Management, LLC | 1,013,570 | +76,018 |
| Morgan Stanley | 655,700 | -39,206 |
| Wells Fargo & Company | 453,149 | -8,773 |
| Boston Trust Walden Corp | 415,013 | -20,012 |
| Northern Trust Corp | 410,412 | +30,816 |
| Owls Nest Partners IA, LLC | 407,671 | +59,342 |
| Algert Global LLC | 383,419 | +153,877 |
| Aqr Capital Management LLC | 358,999 | +228,958 |
| Charles Schwab Investment Management Inc | 312,845 | +36,370 |
| Raymond James Financial Inc | 271,516 | +39,850 |
| Goldman Sachs Group Inc | 251,733 | +57,026 |
| Marshall Wace, Llp | 221,883 | +57,920 |
| Vanguard Fiduciary Trust Co | 219,291 | +6,707 |
Insiders
10 insiders reported holding 19,534,445 shares in total, about $1.62B at the last price.
| Holder | Shares |
|---|---|
| Corstar Holdings Inc10% owner | 18,517,108 |
| Michael Jeffrey JDirector, 10% owner | 559,721 |
| Hamerslag Steven JDirector | 287,000 |
| Jessup R JuddDirector | 111,798 |
| Hoops AlanDirector | 33,192 |
| Combs Michael GCEO & President | 13,384 |
| Shishin MaximChief Information Officer | 7,050 |
| Bertels Mark E.EVP - Risk Management Services | 2,918 |
| Yoss JenniferVice President of Accounting | 2,209 |
| Nichols Brian S.Chief Financial Officer | 65 |
Questions about CRVL
What does Corvel Corp do?
Corvel Corp is a company in the Finance sector, listed on NASDAQ as CRVL. Its shares trade on NASDAQ under the ticker CRVL.
What is Corvel Corp's net worth?
Corvel Corp has a market value (market cap) of $4.2B at the latest share price, and shareholders' equity of $430.5M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Corvel Corp profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $121.5M on revenue of $1B, a net margin of 12.0%.
How much revenue does Corvel Corp make?
Over the twelve months to September 30, 2026 Corvel Corp reported revenue of $1B. That is 8.3% more than a year earlier.
When did Corvel Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the insider trade from November 9, 2026.
When is Corvel Corp's next earnings report?
Corvel Corp's next report is expected around February 2, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Corvel Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.