CorVel Reports Strong Q3 & Nine-Month Financial Growth, Continues Substantial Share Repurchases
Summary
CorVel Corporation reported solid financial results for the third quarter and nine months ended December 31, 2025, with increased revenues, net income, and diluted EPS, alongside significant share repurchases.
Key Events
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Strong Nine-Month Financial Performance
Revenues increased by 6.9% to $709.98 million, net income grew by 15.4% to $79.32 million, and diluted EPS rose by 15.9% to $1.53 for the nine months ended December 31, 2025, compared to the prior year.
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Solid Q3 Growth
For the three months ended December 31, 2025, revenues increased by 3.4% to $235.63 million, net income by 1.7% to $24.17 million, and diluted EPS by 2.2% to $0.47.
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Increased Operating Cash Flow
Net cash provided by operating activities significantly increased by 20.9% to $126.17 million for the nine months ended December 31, 2025.
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Substantial Share Repurchases Continue
The company repurchased $13.4 million of its common stock in Q3 2025 and $36 million over the nine-month period, demonstrating a strong commitment to shareholder returns, with 2.11 million shares remaining authorized for repurchase.
Analysis
CorVel Corporation's 10-Q filing details solid financial performance for the third quarter and nine months ended December 31, 2025. The company demonstrated consistent growth in revenues, net income, and diluted EPS, alongside a significant increase in operating cash flow. Notably, CorVel continued its substantial share repurchase program, buying back $13.4 million in stock during the quarter and $36 million over the nine-month period. This commitment to returning capital to shareholders is a positive signal, especially as the stock is currently trading near its 52-week low. The filing follows a recent 8-K on February 3, 2026, which likely provided preliminary earnings, with this 10-Q offering the full, detailed financial statements.
At the time of this filing, CRVL was trading at $48.73 on NASDAQ in the Finance sector, with a market capitalization of approximately $2.5B. The 52-week trading range was $47.04 to $128.61. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.