CorVel Reports Strong FY2026 Results with Double-Digit Net Income Growth and Substantial Share Buybacks
CRVL sits 40% above its 52-week low of $44.83.
Summary
CorVel reported strong fiscal year 2026 results with increased revenue and net income, alongside significant share repurchases, signaling healthy financial performance and shareholder value initiatives.
Key Events · Earnings and Guidance · CRVL
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Strong Fiscal Year 2026 Financial Performance
Revenues increased 7% to $958.5 million, net income grew 16% to $110.3 million, and diluted EPS rose 17% to $2.14 for the fiscal year ended March 31, 2026.
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Significant Share Repurchase Program
The company repurchased 782,744 shares for $56.2 million in fiscal year 2026 at an average price of $71.81 per share. An additional 240,933 shares were repurchased for $13.6 million post-March 31, 2026, at an average price of $56.44 per share, with 1,740,565 shares remaining authorized for repurchase.
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CEO Adopts 10b5-1 Trading Plan
CEO Michael G. Combs adopted a Rule 10b5-1 trading arrangement on March 9, 2026, to sell up to 28,500 shares by December 15, 2026. This is a pre-planned, routine sale representing a minor portion of the company's market capitalization.
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New CFO Appointment
Mr. Brian S. Nichols was appointed Chief Financial Officer, effective September 10, 2025, during the reported fiscal year.
Analysis · CRVL · Finance
CorVel Corporation delivered robust financial performance for fiscal year 2026, marked by significant increases in revenue, net income, and diluted EPS. The company's continued share repurchase program, totaling $56.2 million in FY2026 and an additional $13.6 million post-fiscal year-end, demonstrates a strong commitment to returning capital to shareholders. These positive financial results and capital allocation strategies are key indicators for investors.
At the time of this filing, CRVL was trading at $62.74 on NASDAQ in the Finance sector, with a market capitalization of approximately $3.2B. The 52-week trading range was $44.83 to $117.22. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.