Home / Business and Economy / CorVel Corp Revenue Soars 11% on Strong Demand
CorVel Corp Revenue Soars 11% on Strong Demand
6 Aug
Summary
- Revenue increased 11% to $260 million in the June 2026 quarter.
- EPS saw a 22% rise to $0.63, with claims volume up 8%.
- New customer sales grew over 60% year-over-year.
In the June 2026 quarter, CorVel Corp (NASDAQ:CRVL) announced an 11% revenue increase, reaching $260 million, alongside a 22% rise in EPS to $0.63. This performance was bolstered by an 8% year-over-year increase in claims volume, the largest quarterly growth since December 2024, attributed to new client onboarding and tail claim activity.
New customer sales experienced a substantial uplift, growing by over 60% compared to the previous year, and showing a 40% increase over the last 12 months. This indicates strong market demand for CorVel's solutions. The company also enhanced its service portfolio by launching Executive Advisory Services and a new data-driven medical bill repricing capability.
CorVel maintains a solid financial standing with no debt, holding $256 million in cash. Days sales outstanding improved to 39 days. However, the quarter included one-time items, such as a legacy accounts receivable settlement, which contributed approximately $0.07 per share to earnings. Despite a slight negative impact from an increased tax rate, the underlying business performance remained strong, with total net income up 18% year-over-year.
