CorVel revenue rises 13% to $228 million; quarterly diluted EPS up 39% to $0.46
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 03, 2025.
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