10x Insights
Loading account…
Companies / Health Care / CorVel Corporation
CRVL

CorVel Corporation

Health CareInsurance
Ticker CRVLPORTLAND, ORFiscal year ends MarchBook value per share $8.47Diluted shares 50.8M

CorVel Corporation (Nasdaq: CRVL) provides medical cost containment and managed care services for workers’ compensation, automobile insurance claims, and group health insurance. Its customers include insurers, third-party administrators, government entities, and self-administered employers. Services include claims… From the company’s description.

Over the twelve months to Sep 30, 2026, CorVel Corporation reported revenue of $1.01B, up 8.3% from a year earlier, and net income of $121.52M. Its operating margin was 15.9%, and operations generated $165.13M in cash. In fiscal 2025, it reported revenue of $958.53M, up 7.0% from fiscal 2024, and net income of $110.34M.

Fiscal year 2025 · ends 03-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$958.53MFY2025
+7.0% year over year
Last 12 mo $1.01B
14.93%FY2025
+1.4 percentage points
Last 12 mo 15.93%
$110.34MFY2025
+16.0% year over year
Last 12 mo $121.52M
27.99%FY2025
−1.6 percentage points
Last 12 mo 28.23%
Cash & financing
$155.64MFY2025
+22.2% year over year
Last 12 mo $165.13M
$110.28MFY2025
+20.4% year over year
Last 12 mo $127.86M
—
51.6MFY2025
−0.7% year over year
Last 12 mo 50.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What CorVel Corporation does

In the company’s own words

CorVel Corporation (Nasdaq: CRVL) provides medical cost containment and managed care services for workers’ compensation, automobile insurance claims, and group health insurance. Its customers include insurers, third-party administrators, government entities, and self-administered employers. Services include claims administration, medical bill review, preferred provider networks, utilization and case management, pharmacy programs, directed care, vocational rehabilitation, and Medicare reporting solutions. CorVel offers these capabilities as integrated claims-management programs, standalone services, or add-ons to clients’ existing workflows, supported by proprietary technology such as its CareMC® platform and bill-review systems. The company is organized geographically rather than by reportable business segments, with regional leaders overseeing services and operating results across multiple states. Its CERIS® program reviews facility billing, while SymbeoSM provides document management and accounts-payable automation. As of March 31, 2026, CorVel had 5,239 employees and a nationwide PPO network of more than 1.2 million providers. Its website is http://www.corvel.com.

Company details
Sector
Health Care
Industry (SIC)
Insurance
Headquarters
PORTLAND, OR
Fiscal year end
March
CIK
874866
SIC
6411

Financial performance, year by year

Fiscal 2011–2025 · USD
$-101.12M$202.25M$505.61M$808.98M$1.11B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns CorVel Corporation — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

248
funds hold it
0 of 35
superinvestors hold it
$699.58M
held by funds, at market
22.6%
of shares held by funds

Largest fund holders · CorVel Corporation’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.11%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
Virtus KAR Small-Cap Core Fund
PKSAX · Virtus Equity Trust
2.68%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.06%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.02%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do CorVel Corporation and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of CorVel Corporation's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in CorVel Corporation's last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.