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CRVL 8-K filings, explained
Every material Form 8-K CorVel has filed with the SEC since October 30, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
CorVel reported results for the three months ended September 30, 2026, with revenue of $267 million, up from $240 million a year earlier, and diluted earnings per share of $0.67, up from $0.54. For the six months, revenue was $527 million and diluted EPS was $1.31, compared with $474 million and $1.06 a year earlier, and the company reported no borrowings at quarter end.
Quarter revenue of $267 million rose 11%; gross profit of $72.3 million, a 27% gross margin, compared with $58.2 million a year earlier
Quarter net income was $34.1 million, compared with $27.9 million in the prior-year quarter
Six-month revenue of $527 million and diluted EPS of $1.31, compared with $474 million and $1.06 a year earlier
Cash of $270 million and no borrowings at September 30, 2026; the company repurchased $18.1 million of common stock during the quarter
CorVel reported revenue of $260 million for the quarter ended June 30, 2026, up from $235 million a year earlier, and diluted earnings per share of $0.63, up from $0.52. The results were furnished in an 8-K with a press release dated August 5, 2026, and show growth in revenue, gross profit, net income and earnings per share.
Revenue rose 11% to $260 million; gross profit rose 19% to $67.8 million at a 26% gross margin.
Net income was $32.2 million, compared with $27.2 million a year earlier.
The company ended the quarter with $256 million in cash and cash equivalents and no borrowings, and repurchased $21.8 million of common stock.
CorVel Corporation said Sarah Scott, a 26-year company veteran, will succeed Michael G. Combs as CEO and President on July 1, 2026. Combs, who has led the company since 2019 as CEO and since 2017 as President, will become Executive Chair and advise on the transition. The filing gives no financial results, so the change is a leadership transition with no stated effect on the company's numbers.
Sarah Scott becomes CEO and President effective July 1, 2026; she joined the company in 1999 and was Executive Vice President, Product and Corporate Services.
Scott's annual base salary rises to $600,000, with a target annual bonus of 75% of base salary and an opportunity of up to 100%.
Michael G. Combs will serve as Executive Chair at a base salary of $25,000 per month, effective July 1, 2026.
Scott will receive 25,000 stock options under the 2025 Stock Incentive Plan.
CorVel reported results for the three months and fiscal year ended March 31, 2026, in a press release furnished as Exhibit 99.1. Fiscal 2026 revenue was $959 million, up 7%, and diluted earnings per share were $2.14, up 17% from $1.83 a year earlier. Fourth-quarter revenue rose 7% to $249 million and diluted EPS rose 20% to $0.61.
Fiscal 2026 revenue of $959 million compared with $896 million in fiscal 2025; net income was $110.3 million.
Fourth-quarter gross profit rose 9% to $63.0 million, a 25% gross margin, compared with $58.0 million a year earlier.
The company ended the quarter with $233 million of cash and no borrowings, and repurchased $20.1 million of common stock during the quarter.
CorVel Corporation reported results for the three and nine months ended December 31, 2025, in a press release furnished as Exhibit 99.1 to a Form 8-K dated February 3, 2026. Both nine-month revenue and diluted earnings per share rose, and third-quarter revenue and diluted EPS also increased year over year, which indicates improved results for shareholders.
Nine-month revenue was $710 million, up 7% from $664 million a year earlier.
Nine-month diluted EPS was $1.53, up 16% from $1.32.
Third-quarter revenue was $236 million, up 3%, and diluted EPS was $0.47, up from $0.46.
The company ended the quarter with $230 million in cash and no borrowings and repurchased $13.4 million of common stock during the quarter.
CorVel reported results for the three months ended September 30, 2025, with revenue of $240 million, up from $224 million a year earlier, and diluted earnings per share of $0.54, up from $0.45. For the six months, revenue was $474 million and diluted EPS was $1.06, compared with $436 million and $0.87 a year earlier. The filing furnishes the November 4, 2025 press release and does not include guidance.
Q2 revenue of $240 million, up 7%; gross profit of $58.2 million, up 15%, at a 24% gross margin
Q2 diluted EPS of $0.54 versus $0.45 a year earlier; net income of $27.9 million
Six-month revenue of $474 million and diluted EPS of $1.06, versus $436 million and $0.87
Ended the quarter with $207 million in cash and no borrowings; repurchased $12.8 million of common stock
CorVel's chief financial officer, Brandon O'Brien, is transitioning out of the role effective September 10, 2025, and will stay on as a consultant to help with the handover. The board appointed Brian Nichols, a 15-year company veteran, as CFO effective immediately upon O'Brien's transition. The filing discloses a change in the company's top finance role but no financial results or outlook.
Brandon T. O'Brien, CFO, transitions out effective September 10, 2025, after 23 years with the company, and will provide transition support as a consultant
Brian Nichols, age 45, appointed CFO by the board on September 10, 2025, effective immediately upon O'Brien's transition
Nichols' annual base salary increased to $275,000, with eligibility for a discretionary bonus and stock option grants
CorVel reported results for the quarter ended June 30, 2025, with revenue of $235 million, up from $212 million a year earlier, and diluted earnings per share of $0.52, up from $0.42. The company also said it completed, in July, the acquisition of assets and key talent from a privately held technology firm to strengthen its CERIS group health division; the filing does not state the purchase price.
Revenue rose 11% to $235 million, versus $212 million in the June quarter of 2024.
Diluted EPS rose 24% to $0.52 from $0.42, adjusted for the three-for-one stock split paid December 24, 2024.
Gross profit rose 18% to $56.8 million, at a 24% gross margin, versus $48.2 million a year earlier.
Cash was $202 million with no borrowings at quarter end; the company repurchased $9.6 million of common stock during the quarter.
CorVel reported results for the three months and fiscal year ended March 31, 2025, with revenue and earnings per share both higher than a year earlier. For the quarter, revenue rose to $232 million and diluted EPS rose to $0.51 from $0.37, and the company repurchased $9.0 million of common stock. The results show growth in both sales and profit for shareholders.
Q4 revenue was $232 million, up 12% from $207 million a year earlier.
Q4 diluted EPS was $0.51, up 38% from $0.37; gross profit rose 34% to $58.0 million at a 25% gross margin.
Fiscal year revenue was $896 million, up from $795 million, and fiscal year diluted EPS was $1.83, up from $1.47.
The company ended the quarter with $171 million of cash and no borrowings, and repurchased $9.0 million of stock during the quarter.
CorVel reported results for the quarter ended December 31, 2024, with revenue of $228 million, up from $202 million a year earlier, and diluted earnings per share of $0.46, up from $0.33. Both headline measures improved, and the company ended the quarter with $163 million in cash and no borrowings. Per-share figures are adjusted for the three-for-one stock split paid December 24, 2024.
Quarterly revenue rose 13% to $228 million; nine-month revenue rose to $664 million from $588 million.
Quarterly gross profit rose 25% to $52.9 million, a 23.2% gross margin, versus $42.2 million a year earlier.
Nine-month diluted EPS was $1.32, compared with $1.09 in the prior-year period, adjusted for the stock split.
The company repurchased $9.6 million of common stock during the quarter and ended with $163 million in cash and no borrowings.
CorVel founder V. Gordon Clemons retired effective November 26, 2024, as an employee, director and Chairman of the Board. Chief Executive Officer Michael G. Combs was appointed to the board and elected Chairman the same day, so the chief executive now also chairs the board.
Clemons founded CorVel in 1988 and served as chairman since the company's 1991 initial public offering, after 37 years of service.
Clemons and the company agreed to terminate his employment agreement and covenant not to compete; the filing says the retirement does not reflect a disagreement on operations, policies or practices.
Combs is not expected to receive additional compensation for serving as a director or chairman.
Clemons will continue to be available to Combs as an outside consultant, having advised Combs since 2017.
CorVel reported results for the three months ended September 30, 2024, with revenue up 15% to $224 million and diluted EPS up 17% to $1.35 from a year earlier. For the six months, revenue reached $436 million and diluted EPS was $2.60, both higher than the prior-year period. The company ended the quarter with $138 million in cash and no borrowings, and the release gave no forward guidance.
Quarterly gross profit rose 15% to $50.7 million, at a 22.6% gross margin, versus $44.3 million a year earlier.
Six-month revenue was $436 million versus $386 million, and six-month diluted EPS was $2.60 versus $2.29.
The company repurchased $9.6 million of common stock during the quarter and held $138 million in cash with no borrowings.
CorVel reported results for the quarter ended June 30, 2024, in a press release furnished as Exhibit 99.1. Revenue rose to $212 million from $190 million a year earlier, net income rose to $21.6 million from $19.8 million, and diluted earnings per share rose to $1.25 from $1.14. Revenue, profit and per-share earnings all improved year over year.
Revenue of $212 million for the quarter, up from $190 million in the June 2023 quarter
Diluted EPS of $1.25, compared with $1.14 a year earlier
Gross profit of $48.2 million at a 22.7% gross margin, up from $41.9 million
Repurchased $9.5 million of common stock; ended the quarter with $132 million in cash and no borrowings
CorVel reported higher revenue and earnings for the three months and fiscal year ended March 31, 2024, in a press release dated May 22, 2024, furnished as Exhibit 99.1. Full-year revenue and diluted earnings per share both rose from the prior year, while fourth-quarter income from operations was flat.
Fiscal 2024 revenue was $795 million, up from $719 million in fiscal 2023.
Fiscal 2024 diluted EPS was $4.40, compared with $3.77; net income was $76.3 million, up from $66.4 million.
Fourth-quarter revenue was $207 million, up from $185 million, and diluted EPS was $1.12, up from $1.04.
Fourth-quarter income from operations was $22.6 million, essentially unchanged from the same quarter a year earlier.
CorVel reported results for the three months ended December 31, 2023, in a press release furnished as Exhibit 99.1 to a Form 8-K. Revenue rose to $202.3 million from $179.4 million, and diluted earnings per share rose to $0.99 from $0.96, so the headline measures improved year over year.
Quarter revenue $202.3 million vs $179.4 million a year earlier; net income $17.1 million vs $16.8 million
Quarter diluted EPS $0.99 vs $0.96; nine-month diluted EPS $3.27 vs $2.73
Nine-month revenue $588.1 million vs $533.1 million
The release said new business sold rose 34% in calendar 2023, with 95% Gross Revenue Retention and 108% Net Revenue Retention
CorVel reported results for the three months ended September 30, 2023, with revenue of $196 million, up from $177 million a year earlier, and diluted earnings per share of $1.15, up from $0.83. For the six months, revenue was $386 million and diluted EPS was $2.29, compared with $354 million and $1.77 a year earlier. The filing gives no guidance for future periods.
Quarter revenue $196 million vs $177 million a year earlier; net income $19.9 million vs $14.7 million
Quarter diluted EPS $1.15 vs $0.83 in the prior-year quarter
Six-month revenue $386 million vs $354 million; six-month diluted EPS $2.29 vs $1.77
Press release cites CERIS payment integrity growth and new bookings; no forward guidance was given
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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