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.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 36% of the 1040 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
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.