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Nasdaq · Financials

CORVEL CORP (CRVL)

As-reported financials and SEC filings for CORVEL CORP. The latest annual period is FY2026. The latest reported quarter is Q1 FY2027. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About CORVEL CORP

CorVel Corp provides medical cost containment and managed care services focused on workers' compensation, automobile insurance claims, and group health insurance. The company offers claims management, bill review, preferred provider networks, utilization management, case management, pharmacy services, directed care, and Medicare services to insurance companies, third-party administrators, government entities, and self-administered employers. CorVel uses technology such as artificial intelligence and machine learning to manage healthcare costs and improve care quality for claimants nationwide.

Snapshot

Revenue
$958.5M
Revenue growth (YoY)
7.0%
Net income
$110.3M
Diluted EPS
$2.14
Gross margin
24.3%
Operating margin
Net margin
11.5%
FCF margin
11.5%
ROE
28.0%
net income / fiscal-year-end equity
P/E
30.8×
trailing when available, otherwise FY EPS
Market cap
$3.50B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2026, the latest annual period (ended March 31, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Corvel

  • Revenue grew 7.0% to $959M in FY2026, slower than the 12.6% the year before.
  • Most recent quarter Q1 FY2027: revenue $260M, up 10.7% from Q1 FY2026.
  • Free cash flow was $110M in FY2026, 11.5% of revenue.
  • Net income rose 16.0% to $110M in FY2026.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Corvel’s fundamentals sit among the 88 insurance companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin24.3%
Lowest of 9
Net margin11.5%
51st percentile of 82
FCF margin11.5%
33rd percentile of 55
Revenue growth (YoY)+7.0%
45th percentile of 88
ROE28.0%
85th percentile of 73
P/E30.8×
89th percentile of 72
Short interest7.33d
87th percentile of 87

Corvel’s gross margin of 24.3% is the lowest of the 9 insurance companies reporting it. Corvel’s P/E of 30.8 ranks in the 89th percentile of the 72 peers with a meaningful P/E. Corvel’s return on equity of 28.0% ranks in the 85th percentile of the 73 insurance companies reporting it.

No reported insider purchases (code P) in the last 90 days; 10 insider sales totaling $2.8M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+7 quant / multi-strat
Initiated / added
4
1 new, 3 added
Reduced / exited
5
5 trimmed, 0 exited
Combined position
$141.7M
reported long value
InvestorAs ofPosition valueSharesChange
Renaissance TechnologiesquantQ2 2026$95.6M1.5MReduced
AQR Capital ManagementquantQ2 2026$22.4M359.0KAdded
Two Sigma InvestmentsquantQ2 2026$9.1M145.4KAdded
Millennium ManagementquantQ2 2026$6.3M100.8KAdded
Point72 Asset ManagementquantQ2 2026$4.1M66.2KReduced
D. E. ShawquantQ2 2026$2.0M32.6KReduced
Bridgewater AssociatesQ2 2026$1.2M18.4KNew
Citadel AdvisorsquantQ2 2026$637,57910.2KReduced
Gotham Asset ManagementQ2 2026$269,3994.3KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
10
$2.8M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-27
filed 2026-08-28
JESSUP R JUDDDirectorSell1.3K$70.64$89K
2026-08-26
filed 2026-08-28
JESSUP R JUDDDirectorSell1.6K$70.71$110K
2026-08-20
filed 2026-08-24
Yoss JenniferVice President of AccountingSell2.1K$70.92$149K
2026-06-12
filed 2026-06-15
Shishin MaximChief Information OfficerSell2.3K$60.59$136K
2026-06-12
filed 2026-06-15
Combs Michael GCEO & PresidentSell500$60.79$30K
2026-06-11
Combs Michael GCEO & PresidentSell7.0K$60.55$424K
2026-06-10
filed 2026-06-11
Combs Michael GCEO & PresidentSell7.0K$61.38$430K
2026-06-09
filed 2026-06-10
MICHAEL JEFFREY JDirectorSell9.0K$60.98$549K
2026-06-09
filed 2026-06-11
Combs Michael GCEO & PresidentSell7.0K$60.90$426K
2026-06-08
filed 2026-06-09
Combs Michael GCEO & PresidentSell7.0K$60.22$422K
2026-05-26
filed 2026-05-27
Yoss JenniferVice President of AccountingSell958$61.02$58K
2026-05-26
filed 2026-05-27
Yoss JenniferVice President of AccountingSell900$61.02$55K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
1.4M
settled 2026-08-14
Change vs prior
+16.3%
vs previous settlement
Days to cover
7.33
at avg daily volume
Avg daily volume
191.1K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-141.4M+16.3%7.33
2026-07-311.2M+9.3%7.37
2026-07-151.1M-8.0%6.55
2026-06-301.2M-3.3%3.94
2026-06-151.2M+10.8%5.67
2026-05-291.1M+14.8%4.57
2026-05-15972.8K-6.4%5.98
2026-04-301.0M+7.5%5.47

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2026FY2025FY2024FY2023FY2022
Revenue$958.5M$895.6M$795.3M$718.6M$646.2M
Gross profit$232.9M$209.7M$171.7M$158.3M$152.1M
Operating income
Net income$110.3M$95.2M$76.3M$66.4M$66.4M
Diluted EPS$2.14$1.83$1.47$1.26$1.22

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2026FY2025FY2024FY2023FY2022
Cash and equivalents$233.1M$170.6M$105.6M$71.3M$97.5M
Current assets$462.3M$386.7M$302.2M$243.8M$265.0M
Total assets$643.0M$546.0M$454.7M$393.9M$415.2M
Current liabilities$228.1M$204.0M$184.5M$167.9M$171.4M
Long-term debt
Total liabilities$248.8M$224.0M$207.0M$191.7M$202.9M
Total equity$394.2M$322.0M$247.6M$202.2M$212.4M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2026FY2025FY2024FY2023FY2022
Operating cash flow$155.6M$127.3M$99.2M$82.3M$67.2M
Capital expenditure$45.4M$35.8M$29.2M$26.3M$29.8M
Free cash flow$110.3M$91.6M$70.0M$56.0M$37.4M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2027$259.9M10.7%$32.2M$0.63
Q4 FY2026$248.5M7.4%$31.0M$0.61
Q3 FY2026$235.6M3.4%$24.2M$0.47
Q2 FY2026$239.6M6.8%$27.9M$0.54
Q1 FY2026$234.7M10.9%$27.2M$0.52
Q4 FY2025$231.5M11.7%$26.4M$0.51
Q3 FY2025$228.0M12.7%$23.8M$0.46
Q2 FY2025$224.4M14.8%$23.4M$0.45

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorFinancials
SIC industryInsurance Agents, Brokers & Service
Latest annual periodFY2026 (ended March 31, 2026)
Latest reported quarterQ1 FY2027 (ended June 30, 2026)
Oldest indexed filing2018
SEC CIK874866

Selected SEC filings

10-K2026-05-22
View on EDGAR →
10-Q2026-08-06
View on EDGAR →
10-Q2026-02-05
View on EDGAR →
8-K2026-08-11
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-06-01
View on EDGAR →
8-K2026-05-20
View on EDGAR →

Largest insurance peers

All insurance stocksAll Financials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.