FORT WORTH, Texas, July 27, 2026 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL), a leading provider of innovative risk management solutions, is pleased to announce that it will host a live webcast to discuss its upcoming quarterly earnings results on Wednesday, August 5, 2026, at 11:30 AM Eastern Time.
The webcast will feature a discussion of CorVel’s financial performance, strategic initiatives, and outlook, led by Michael Combs, Executive Chairman, Sarah Scott, President and Chief Executive Officer, and Brian Nichols, Chief Financial Officer. The event will also include a dedicated question-and-answer session for attendees.
Webcast Details:
Date: Wednesday, August 5, 2026Time: 11:30 AM ETAccess: The live webcast can be accessed via Webcast | CorVel Quarterly Earnings Report. A replay of the webcast will be available shortly after the event.
Investors, analysts, and interested parties are encouraged to join the webcast to gain insights into CorVel’s performance. Questions may be submitted in advance to [email protected].
About CorVel
CorVel Corp. applies technology, including artificial intelligence, machine learning, and natural language processing, to enhance the management of episodes of care and related health care costs. We partner with employers, third-party administrators, insurance companies, and government agencies in managing workers’ compensation and health, auto, and liability services. Our diverse suite of solutions combines our integrated technologies with a human touch. CorVel’s customized services, delivered locally, are backed by a national team to support our partners and their customers and patients.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on the Company’s current expectations, estimates and projections about the Company, management’s beliefs, and certain assumptions made by the Company, and events beyond the Company’s control, all of which are subject to change. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause the Company’s actual results to differ materially and adversely from those expressed in any forward-looking statement results of operations and financial condition is greater than our initial assessment. The risks and uncertainties referred to above include but are not limited to factors described in this press release and the Company’s filings with the Securities and Exchange Commission, including but not limited to “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended March 31, 2025, and the Company’s Quarterly Report on Form 10-Q for the quarters ended June 30, 2025 and September 30, 2025. The forward-looking statements in this press release speak only as of the date they are made. The Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.
FORT WORTH, Texas, July 08, 2026 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL), a national provider of risk management solutions, today announced it has been named a 2026 PropertyCasualty360 Insurance Luminaries winner in the Excellence in Claims Management category. The award recognizes organizations that demonstrate outstanding claims expertise, operational discipline, technology innovation, and measurable client outcomes while advancing the property and casualty insurance industry.
CorVel was recognized for its integrated approach to claims management, bringing together clinical expertise, operational excellence, and proprietary technology to help clients improve outcomes while reducing claim costs and complexity. Built on its proprietary CareMC platform and reinforced through the Company's Operational Excellence (OpEx) Program, CorVel's claims model delivers real-time visibility, streamlined workflows, and actionable insights that enable claims professionals to make faster, more informed decisions throughout the claim lifecycle.
"We are honored to be recognized by PropertyCasualty360 for Excellence in Claims Management," said Sarah Scott, President and CEO of CorVel. "This recognition reflects the strength of our integrated approach to claims management, where technology, clinical expertise, and operational excellence work together to improve outcomes. We believe the future of claims management extends beyond processing claims. It's about equipping experienced professionals with the insights and tools they need to make better decisions at every stage of the claim. That combination strengthens partnerships, improves outcomes for injured workers, and delivers measurable value to our clients. As we look ahead, we will continue building on this foundation by investing in the people, technology, and innovation that help our clients achieve better outcomes."
The PropertyCasualty360 Insurance Luminaries Awards celebrate organizations that are modernizing and advancing the property and casualty insurance industry. Winners were selected by a panel of industry experts based on measurable impact, innovation, ethical leadership, service excellence, and commitment to advancing the insurance profession. Honorees were recognized at the inaugural Insurance Luminaries Awards dinner in Chicago and will be featured on PropertyCasualty360.com.
For more information about CorVel's claims management and managed care solutions, visit www.corvel.com.
About CorVel
CorVel Corp. applies technology, including artificial intelligence, machine learning, and natural language processing, to enhance the management of episodes of care and related health care costs. We partner with employers, third-party administrators, insurance companies, and government agencies in managing workers’ compensation and health, auto, and liability services. Our diverse suite of solutions combines our integrated technologies with a human touch. CorVel’s customized services, delivered locally, are backed by a national team to support our partners and their customers and patients.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on the Company’s current expectations, estimates and projections about the Company, management’s beliefs, and certain assumptions made by the Company, and events beyond the Company’s control, all of which are subject to change. Such forward-looking statements include, but are not limited to, statements relating to the Company’s services and the Company’s continued investment in these and other innovative technologies, and statements relating to the Company’s product offerings. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause the Company’s actual results to differ materially and adversely from those expressed in any forward-looking statement results of operations and financial condition is greater than our initial assessment. The risks and uncertainties referred to above include but are not limited to factors described in this press release and the Company’s filings with the Securities and Exchange Commission, including but not limited to “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended March 31, 2026, and the Company’s Quarterly Report on Form 10-Q for the quarters ended June 30, 2025, September 30, 2025 and December 31, 2025. The forward-looking statements in this press release speak only as of the date they are made. The Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.
FORT WORTH, Texas, June 17, 2026 (GLOBE NEWSWIRE) -- CorVel Corporation (Nasdaq: CRVL), a national provider of risk management solutions, today announced the launch of CorVel Marketwise Repricing™, a market-based medical bill repricing solution designed to enhance cost containment while fitting seamlessly into existing bill review programs.
As medical billing continues to vary widely across states, providers, and care settings, traditional network and re-pricing approaches do not always reflect market pricing. Marketwise Repricing addresses this by integrating market-based reimbursement methods within CorVel’s existing bill review workflow. This approach captures additional savings that traditional bill review methods may miss, ultimately reducing overall medical spend.
“Marketwise Repricing gives clients a smarter, more supportable way to manage medical costs when traditional cost containment measures fall short,” said CJ Cypcar, Vice President, Network Solutions & Product Integration at CorVel. “It strengthens existing strategies by layering in market-based intelligence, without adding administrative burden.”
Marketwise Repricing uses real-world reimbursement data and market-based methods. This delivers more consistent pricing that better reflects local market conditions. It also works with existing network strategies, making it especially useful for out-of-network bills and in states with limited or no fee schedules.
Key benefits include:
More consistent, supportable pricing outcomes across states and provider typesEnhanced cost containment layered onto existing bill review programsAn alternative methodology for complex or high-variance billing scenariosSeamless workflow integration, with end-to-end management by CorVel To learn more about CorVel Marketwise Repricing™ and CorVel’s bill review solutions, visit www.corvel.com.
About CorVel
CorVel Corp. applies technology, including artificial intelligence, machine learning, and natural language processing, to enhance the management of episodes of care and related health care costs. We partner with employers, third-party administrators, insurance companies, and government agencies in managing workers’ compensation and health, auto, and liability services. Our diverse suite of solutions combines our integrated technologies with a human touch. CorVel’s customized services, delivered locally, are backed by a national team to support our partners and their customers and patients.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on the Company’s current expectations, estimates and projections about the Company, management’s beliefs, and certain assumptions made by the Company, and events beyond the Company’s control, all of which are subject to change. Such forward-looking statements include, but are not limited to, statements relating to the Company’s services and the Company’s continued investment in these and other innovative technologies, and statements relating to the Company’s product offerings. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause the Company’s actual results to differ materially and adversely from those expressed in any forward-looking statement results of operations and financial condition is greater than our initial assessment. The risks and uncertainties referred to above include but are not limited to factors described in this press release and the Company’s filings with the Securities and Exchange Commission, including but not limited to “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended March 31, 2026, and the Company’s Quarterly Report on Form 10-Q for the quarters ended June, 30, 2025, September 30, 2025 and December 31, 2025. The forward-looking statements in this press release speak only as of the date they are made. The Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.
Algert Global LLC increased its position in shares of CorVel Corp. (NASDAQ: CRVL) by 73.4% during the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 217,559 shares of the business services provider's stock after acquiring an additional 92,077 shares during the quarter.
Shishin Maxim, the chief information officer of CorVel (CRVL +1.17%), reported the exercise and immediate sale of 2,400 shares of common stock for a total transaction value of approximately $130,000 on March 16, 2026, according to a SEC Form 4 filing.
Transaction summaryMetricValueShares sold (direct)2,400Transaction value$130,000Post-transaction common shares (direct)7,050Post-transaction value (direct ownership)~$379KTransaction value based on SEC Form 4 weighted average purchase price ($54.00); post-transaction value based on March 16, 2026 market close ($54.00).
Key questionsWhat was the structure of this transaction?
The transaction consisted of an option exercise for 2,400 shares of common stock, immediately followed by a sale of the same number of shares; no indirect holdings or entities participated.How does this trade affect Maxim's ownership in CorVel Corporation?
Direct holdings declined from 9,450 to 7,050 shares, a reduction of 25.40% of Maxim’s direct common stock stake, with no remaining indirect or derivative equity exposure reported.What is the market context for this transaction?
The sale occurred when shares were priced at around $54.00 per share, with CorVel having experienced a one-year total return of -50% as of March 16, 2026, indicating the sale took place amid a period of share price decline.Does this transaction represent a deviation from prior activity?
No; while the number of shares sold is lower than some past transactions, the reduction aligns with the diminished share base following previous dispositions, reflecting routine portfolio management rather than escalation.Company overviewMetricValueRevenue (TTM)$941.49 millionNet income (TTM)$105.73 millionCompany snapshotCorVel provides workers' compensation, auto, liability, and health solutions, including medical fee auditing, provider management, utilization review, pharmacy services, and claims management.The firm operates a technology-driven model leveraging artificial intelligence and analytics to manage healthcare claims and optimize medical cost containment for clients.It serves employers, third-party administrators, insurance companies, and government agencies seeking to control healthcare and insurance-related expenses.CorVel Corporation is a leading provider of technology-enabled healthcare management and insurance solutions, with a focus on cost containment and process optimization for claims. The company leverages advanced analytics and automation to deliver efficient, scalable services to a diverse client base. Its strategic emphasis on innovation and operational efficiency supports its competitive position in the insurance services sector.
What this transaction means for investorsWith CorVel shares down roughly 50% over the past year, any insider selling might draw attention, but the structure here matters more than the headline, and this sale ultimately looks like routine liquidity tied to compensation rather than a signal of deteriorating conviction, even if the optics are harsher given the stock’s steep decline.
At CorVel Corporation, underlying performance has held up better than the stock might suggest. Revenue for the most recent quarter reached $236 million, up from $228 million a year earlier, while diluted EPS ticked up to $0.47 from $0.46. Over the first nine months of the fiscal year, revenue climbed 7% to $710 million, and EPS rose 16% to $1.53, reflecting steady operating execution despite macro pressure. The company also exited the quarter with $230 million in cash and no debt, underscoring a strong balance sheet.
The takeaway for long-term investors is that price action and fundamentals have diverged. This type of option-related sale is common and does not necessarily reflect sentiment. The more important question is whether CorVel can sustain growth through its AI-driven claims platform. If it can, the current drawdown may prove more about a sentiment reset than structural weakness.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends CorVel. The Motley Fool has a disclosure policy.
CorVel Corp. (NASDAQ:CRVL – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $66.65 and traded as low as $53.09. CorVel shares last traded at $54.22, with a volume of 212,502 shares traded.
Analyst Ratings Changes Separately, Weiss Ratings reissued a “hold (c)” rating on shares of CorVel in a research note on Friday, January 9th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.
Check Out Our Latest Research Report on CRVL
CorVel Stock Performance The company has a 50-day moving average of $54.92 and a 200 day moving average of $66.65. The firm has a market cap of $2.77 billion, a P/E ratio of 26.58 and a beta of 1.10.
CorVel (NASDAQ:CRVL – Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The business services provider reported $0.47 earnings per share for the quarter. CorVel had a return on equity of 30.15% and a net margin of 11.23%.The firm had revenue of $235.63 million for the quarter.
Insider Buying and Selling at CorVel In other news, insider Maxim Shishin sold 2,400 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $54.00, for a total value of $129,600.00. Following the sale, the insider owned 7,050 shares of the company’s stock, valued at approximately $380,700. This represents a 25.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 44.56% of the company’s stock.
Hedge Funds Weigh In On CorVel Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in CorVel by 12.5% during the first quarter. Royal Bank of Canada now owns 51,261 shares of the business services provider’s stock worth $5,739,000 after buying an additional 5,703 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of CorVel by 4.0% in the first quarter. AQR Capital Management LLC now owns 26,468 shares of the business services provider’s stock valued at $2,964,000 after acquiring an additional 1,013 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of CorVel by 11.4% in the first quarter. Integrated Wealth Concepts LLC now owns 3,800 shares of the business services provider’s stock valued at $425,000 after acquiring an additional 389 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of CorVel by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,846 shares of the business services provider’s stock worth $1,774,000 after acquiring an additional 702 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of CorVel by 127.4% in the 1st quarter. Millennium Management LLC now owns 48,182 shares of the business services provider’s stock worth $5,395,000 after acquiring an additional 26,990 shares in the last quarter. 51.36% of the stock is currently owned by institutional investors and hedge funds.
About CorVel (Get Free Report)
CorVel Corporation (NASDAQ: CRVL) is a technology-driven provider of workers’ compensation, liability, and specialty risk management solutions. The company develops and deploys software and data analytics tools to streamline claims administration, medical cost containment, prescription drug management, and provider network access. CorVel’s integrated platform connects employers, insurers, healthcare providers, and injured workers, aiming to improve outcomes and control costs through process automation and real-time decision support.
The company’s product suite includes claims lifecycle management, bill review and negotiation, virtual care and telehealth services, pharmacy benefit management, and independent medical examinations (IMEs).
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CorVel Corp. (NASDAQ:CRVL – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $64.53 and traded as low as $54.71. CorVel shares last traded at $55.96, with a volume of 161,331 shares traded.
Analyst Ratings Changes Separately, Weiss Ratings cut CorVel from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 6th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.
Read Our Latest Stock Analysis on CRVL
CorVel Price Performance The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 27.43 and a beta of 1.05. The firm has a 50 day moving average price of $52.06 and a 200-day moving average price of $64.53.
CorVel (NASDAQ:CRVL – Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The business services provider reported $0.47 earnings per share (EPS) for the quarter. The business had revenue of $235.63 million for the quarter. CorVel had a return on equity of 30.15% and a net margin of 11.23%.
Insider Activity In other news, insider Maxim Shishin sold 2,400 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $54.00, for a total value of $129,600.00. Following the sale, the insider directly owned 7,050 shares in the company, valued at approximately $380,700. This trade represents a 25.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 44.56% of the company’s stock.
Institutional Trading of CorVel Several hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. increased its holdings in CorVel by 147.4% in the third quarter. Federated Hermes Inc. now owns 381 shares of the business services provider’s stock valued at $29,000 after buying an additional 227 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in CorVel in the third quarter valued at $31,000. Los Angeles Capital Management LLC purchased a new position in CorVel in the fourth quarter valued at $33,000. Eagle Bay Advisors LLC purchased a new position in CorVel in the fourth quarter valued at $37,000. Finally, Hantz Financial Services Inc. increased its holdings in CorVel by 61.3% in the third quarter. Hantz Financial Services Inc. now owns 500 shares of the business services provider’s stock valued at $39,000 after buying an additional 190 shares during the last quarter. 51.36% of the stock is currently owned by institutional investors and hedge funds.
CorVel Company Profile (Get Free Report)
CorVel Corporation (NASDAQ: CRVL) is a technology-driven provider of workers’ compensation, liability, and specialty risk management solutions. The company develops and deploys software and data analytics tools to streamline claims administration, medical cost containment, prescription drug management, and provider network access. CorVel’s integrated platform connects employers, insurers, healthcare providers, and injured workers, aiming to improve outcomes and control costs through process automation and real-time decision support.
The company’s product suite includes claims lifecycle management, bill review and negotiation, virtual care and telehealth services, pharmacy benefit management, and independent medical examinations (IMEs).
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Evergreen Capital Management LLC acquired a new position in shares of CorVel Corp. (NASDAQ:CRVL – Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 11,584 shares of the business services provider’s stock, valued at approximately $784,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in CorVel by 0.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,961 shares of the business services provider’s stock valued at $1,640,000 after purchasing an additional 115 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of CorVel by 0.9% during the second quarter. The Manufacturers Life Insurance Company now owns 15,918 shares of the business services provider’s stock worth $1,636,000 after buying an additional 139 shares during the period. Arizona State Retirement System grew its holdings in CorVel by 1.7% in the 3rd quarter. Arizona State Retirement System now owns 9,113 shares of the business services provider’s stock worth $706,000 after buying an additional 155 shares in the last quarter. Hantz Financial Services Inc. increased its position in CorVel by 61.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 500 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 190 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in CorVel by 1.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,697 shares of the business services provider’s stock valued at $962,000 after acquiring an additional 210 shares in the last quarter. Institutional investors and hedge funds own 51.36% of the company’s stock.
CorVel Stock Up 1.0% NASDAQ:CRVL opened at $57.33 on Friday. The business’s 50-day moving average price is $53.30 and its 200 day moving average price is $63.70. CorVel Corp. has a 52-week low of $44.83 and a 52-week high of $117.22. The firm has a market cap of $2.93 billion, a P/E ratio of 28.10 and a beta of 1.05.
CorVel (NASDAQ:CRVL – Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The business services provider reported $0.47 earnings per share for the quarter. The company had revenue of $235.63 million during the quarter. CorVel had a net margin of 11.23% and a return on equity of 30.15%.
Insiders Place Their Bets In other CorVel news, insider Maxim Shishin sold 2,400 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $54.00, for a total value of $129,600.00. Following the transaction, the insider owned 7,050 shares of the company’s stock, valued at approximately $380,700. This represents a 25.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 44.56% of the company’s stock.
Wall Street Analyst Weigh In Separately, Weiss Ratings lowered CorVel from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, CorVel currently has an average rating of “Sell”.
Get Our Latest Stock Analysis on CorVel
About CorVel (Free Report)
CorVel Corporation (NASDAQ: CRVL) is a technology-driven provider of workers’ compensation, liability, and specialty risk management solutions. The company develops and deploys software and data analytics tools to streamline claims administration, medical cost containment, prescription drug management, and provider network access. CorVel’s integrated platform connects employers, insurers, healthcare providers, and injured workers, aiming to improve outcomes and control costs through process automation and real-time decision support.
The company’s product suite includes claims lifecycle management, bill review and negotiation, virtual care and telehealth services, pharmacy benefit management, and independent medical examinations (IMEs).
See Also Five stocks we like better than CorVel
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FORT WORTH, Texas, April 29, 2026 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL), a national provider of risk management solutions, today announced the launch of CorVel Connected™, the company’s unified technology brand for artificial intelligence-powered innovation within its CareMC® claims management platform. CorVel Connected embeds intelligence directly into claim workflows, surfacing the most relevant information and actionable insights in real time so claims professionals can make faster, more informed decisions. The platform ensures critical context is delivered at the point of need while preserving accountability and decision-making authority with the claims professional.
CorVel Connected is built to address a fundamental shift in claims management: professionals are now expected to sift through an ever-expanding volume of data tied to each claim—medical records, notes, communications, and external inputs—making it increasingly difficult to identify what actually matters. The challenge is no longer access to information, but the burden of navigating it. By organizing, prioritizing, and summarizing relevant data in real time, CorVel Connected reduces that noise, enabling claims professionals to focus on informed judgment, faster decisions, and more consistent outcomes across both individual claims and entire programs.
One of the first capabilities launched under CorVel Connected, AI-powered Claims Summarization and Decision Support, directly addresses the growing burden of navigating complex claim files. It significantly reduces the time required to review claim histories and supporting documentation by rapidly synthesizing large volumes of activity into clear, consistent summaries. These summaries are presented for human review and interpretation, allowing claims professionals, supervisors, and management to spend less time searching for information and more time driving investigation, action plans, reserving, and resolution.
“As claim volumes rise and documentation becomes more complex, efficiency at the claim desk is critical,” said Ryan Murphy, Vice President, Product, Enterprise Claims at CorVel. “CorVel Connected ensures the right information is surfaced quickly, but outcomes still depend on human judgment. Technology should strengthen decisions, not replace them.”
A Connected Suite of Embedded Intelligence
CorVel Connected is more than a single feature; it is a branded suite of AI-enabled capabilities embedded directly within CareMC®, designed to enhance consistency, accessibility, and decision support where work happens. Capabilities within CorVel Connected include:
AI-powered claim summarization that synthesizes claim histories into clear, review-ready narrativesNatural-language question-and-answer functionality that allows users to ask direct questions about claims or programs without navigating complex reportsCorVel’s Generative AI Document Viewer™ that delivers real‑time medical document summaries for faster claim reviewIntelligent claim assignment aligned to complexity, jurisdiction, and expertiseActivity Note Automation generated as work is performed, with required adjuster review and signoffIntegrated email capture and prioritization to reduce manual sorting and missed activityRecommended next actions and structured plans of action, with milestone tracking to support consistent executionReserve predictions with clear explanations, designed to inform—not override—adjuster judgment
Together, these capabilities return time to the claim desk, improve consistency across reviews, and ensure intelligence is delivered directly inside existing workflows, without forcing users into separate tools or disconnected systems.
Extending Insight Beyond the Claim Desk
CorVel Connected is also envisioned as a shared-value platform for both internal teams and clients. Through enhanced, client-facing executive dashboards, organizations can ask higher-level questions about program performance, trends, and concentration patterns, transforming complex claims data into actionable insights that support smarter business decisions and prevention strategies.
“At CorVel, we are redefining claims management by pairing deep human expertise with intelligent, technology-driven augmentation,” said Michael Combs, President and CEO of CorVel. “CorVel Connected demonstrates our commitment to outcome-led innovation, using AI to accelerate speed and consistency, without losing the human insight essential to better care and outcomes.”
To learn more about CorVel Connected and CorVel’s CareMC® claims management platform, visit: https://www.corvel.com/technology/caremc/
About CorVel
CorVel Corp. applies technology, including artificial intelligence, machine learning, and natural language processing, to enhance the management of episodes of care and related health care costs. We partner with employers, third-party administrators, insurance companies, and government agencies in managing workers’ compensation and health, auto, and liability services. Our diverse suite of solutions combines our integrated technologies with a human touch. CorVel’s customized services, delivered locally, are backed by a national team to support our partners and their customers and patients.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on the Company’s current expectations, estimates and projections about the Company, management’s beliefs, and certain assumptions made by the Company, and events beyond the Company’s control, all of which are subject to change Such forward-looking statements include, but are not limited to, statements relating to the Company’s services and the Company’s continued investment in these and other innovative technologies, and statements relating to the Company’s product offerings. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause the Company’s actual results to differ materially and adversely from those expressed in any forward-looking statement results of operations and financial condition is greater than our initial assessment. The risks and uncertainties referred to above include but are not limited to factors described in this press release and the Company’s filings with the Securities and Exchange Commission, including but not limited to “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended March 31, 2026, and the Company’s Quarterly Report on Form 10-Q for the quarters ended June, 30, 2025, September 30, 2025 and December 31, 2025. The forward-looking statements in this press release speak only as of the date they are made. The Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.
FORT WORTH, Texas, May 12, 2026 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL), a leading provider of innovative risk management solutions, is pleased to announce that it will host a live webcast to discuss its upcoming quarterly and fiscal earnings results on Wednesday, May 20, 2026, at 11:30 AM Eastern Time.
The webcast will feature a discussion of CorVel’s financial performance, strategic initiatives, and outlook, led by Michael Combs, President and Chief Executive Officer, alongside Brian Nichols, Chief Financial Officer. The event will also include a dedicated question-and-answer session for attendees.
Webcast Details:
Date: Wednesday, May 20, 2026Time: 11:30 AM ETAccess: The live webcast can be accessed via Webcast | CorVel Quarterly Earnings Report. A replay of the webcast will be available shortly after the event.
Investors, analysts, and interested parties are encouraged to join the webcast to gain insights into CorVel’s performance. Questions may be submitted in advance to [email protected].
About CorVel
CorVel Corp. applies technology, including artificial intelligence, machine learning, and natural language processing, to enhance the management of episodes of care and related health care costs. We partner with employers, third-party administrators, insurance companies, and government agencies in managing workers’ compensation and health, auto, and liability services. Our diverse suite of solutions combines our integrated technologies with a human touch. CorVel’s customized services, delivered locally, are backed by a national team to support our partners and their customers and patients.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on the Company’s current expectations, estimates and projections about the Company, management’s beliefs, and certain assumptions made by the Company, and events beyond the Company’s control, all of which are subject to change. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause the Company’s actual results to differ materially and adversely from those expressed in any forward-looking statement results of operations and financial condition is greater than our initial assessment. The risks and uncertainties referred to above include but are not limited to factors described in this press release and the Company’s filings with the Securities and Exchange Commission, including but not limited to “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended March 31, 2025, and the Company’s Quarterly Report on Form 10-Q for the quarters ended June 30, 2025 and September 30, 2025. The forward-looking statements in this press release speak only as of the date they are made. The Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.
FORT WORTH, Texas, May 20, 2026 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL) announced the results for the quarter and fiscal year ended March 31, 2026. Revenues for the fiscal year ended March 31, 2026 were $959 million, a 7% increase from $896 million during the fiscal year ended March 31, 2025. Earnings per share for the fiscal year ended March 31, 2026 were $2.14, up 17% compared to $1.83 during the fiscal year ended March 31, 2025. Revenues for the quarter were $249 million, an increase from $232 million in the March quarter of 2025. Earnings per share for the quarter were $0.61, up 20% compared to $0.51 in the same quarter of the prior year.
Fourth Quarter Fiscal Year 2026 Highlights
Revenue increased 7% to $249 million, compared to fourth quarter of fiscal year 2025.Gross profit increased 9% to $63.0 million, at 25% gross margin, compared to fourth quarter of fiscal year 2025 gross profit of $58.0 million.Exited the quarter with $233 million of cash, cash equivalents, and no borrowings.The Company repurchased $20.1 million of common stock during the quarter. CERIS, CorVel’s health division, is benefiting from the healthcare industry’s shift toward proactive payment accuracy and cost management, with strong demand for its integrated prepay and post-pay platform that improves claims accuracy, reduces administrative burden, and enhances revenue visibility. During the quarter, multiple large payer sales with enterprise-scale implementations reflect the strength of the value proposition and provide increased revenue visibility as they are deployed and scaled over time. As adoption of prepay solutions expands, CERIS is accelerating revenue realization cycles while maintaining strong margin profiles, supported by ongoing investment in AI and automation.
Within workers’ compensation and risk management, P&C services are advancing its technology-enabled, clinically integrated model through the CorVel ConnectedTM interface within its proprietary CareMC platform. By combining AI, real-time data integration, and embedded clinical expertise, CorVel is improving decision-making support, operational efficiency, and claim outcomes across the lifecycle of a claim. Ongoing investments in automation, telemedicine, cybersecurity, and API-driven connectivity further strengthen scalability and the Company’s ability to deliver consistent clinical and financial results for its partners in environments where reliability, control, and measurable outcomes are critical.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on the Company’s current expectations, estimates and projections about the Company, management’s beliefs, and certain assumptions made by the Company, and events beyond the Company’s control, all of which are subject to change. Such forward-looking statements include, but are not limited to, improved productivity resulting from automation and augmentation across enterprise business systems. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause the Company’s actual results to differ materially and adversely from those expressed in any forward-looking statement results of operations and financial condition is greater than our initial assessment. The risks and uncertainties referred to above include but are not limited to factors described in this press release and the Company’s filings with the Securities and Exchange Commission, including but not limited to “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended March 31, 2025, and the Company’s Quarterly Report on Form 10-Q for the quarters ended June 30, 2025, September 30, 2025, and December 31, 2025. The forward-looking statements in this press release speak only as of the date they are made. The Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.
CorVel Corporation
Quarterly Results – Income Statement
Quarters and Fiscal Year Ended March 31, 2026 and March 31, 2025
Quarter Ended March 31, 2026 March 31, 2025 Revenues $248,548,000 $231,514,000 Cost of revenues 185,539,000 173,547,000 Gross profit 63,009,000 57,967,000 General and administrative 23,293,000 24,647,000 Income from operations 39,716,000 33,320,000 Income tax provision 8,687,000 6,901,000 Net income $31,029,000 $26,419,000 Earnings Per Share: Basic $0.61 $0.51 Diluted $0.61 $0.51 Weighted Shares Basic 51,150,000 51,366,000 Diluted 51,285,000 51,979,000 Fiscal Year Ended March 31, 2026 March 31, 2025 Revenues $958,527,000 $895,589,000 Cost of revenues 725,664,000 685,861,000 Gross profit 232,863,000 209,728,000 General and administrative 89,732,000 88,904,000 Income from operations 143,131,000 120,824,000 Income tax provision 32,787,000 25,659,000 Net income $110,344,000 $95,165,000 Earnings Per Share: Basic $2.15 $1.85 Diluted $2.14 $1.83 Weighted Shares Basic 51,283,000 51,379,000 Diluted 51,625,000 51,994,000 CorVel Corporation
Quarterly Results – Condensed Balance Sheet
March 31, 2026 and March 31, 2025
March 31, 2026 March 31, 2025 Cash $233,072,000 $170,584,000 Customer deposits 115,706,000 101,472,000 Accounts receivable, net 101,313,000 104,126,000 Prepaid taxes and expenses 12,206,000 10,507,000 Property, net 117,906,000 92,052,000 Goodwill and other assets 41,619,000 46,410,000 Right-of-use asset, net 21,164,000 20,825,000 Total $642,986,000 $545,976,000 Accounts and taxes payable $24,550,000 $16,792,000 Accrued liabilities 203,518,000 187,244,000 Long-term lease liabilities 20,687,000 19,953,000 Paid-in capital 268,518,000 250,412,000 Treasury stock (887,716,000) (831,510,000)Retained earnings 1,013,429,000 903,085,000 Total $642,986,000 $545,976,000 Contact: Melissa Storan
Phone: 949-851-1473
www.corvel.com
CorVel NASDAQ: CRVL said revenue and earnings increased in its March quarter and fiscal 2026, as growth in its Network Solutions business, stronger bookings and operating efficiency helped offset a higher effective tax rate.
President and Chief Executive Officer Michael Combs opened the call by saying the company would review its March quarter and fiscal year results, business performance, market trends and progress on product and service offerings. Chief Financial Officer Brian Nichols said March quarter revenue was $249 million, up 7% from $232 million in the March 2025 quarter. Earnings per share for the quarter ended March 31, 2026, were $0.61, compared with $0.51 a year earlier.
For fiscal 2026, revenue was $959 million, up 7% from $896 million in the prior fiscal year. Earnings per share rose 17% to $2.14 from $1.83 for the fiscal year ended March 31, 2025. Nichols said the company’s effective tax rate increased compared with the prior year, which had included a discrete benefit from stock option exercises that did not recur at similar levels.
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Network Solutions Drives Growth Nichols said Network Solutions delivered “strong results” in the fiscal year, with double-digit revenue and profit growth. He cited continued momentum across the segment’s offerings and execution in both property and casualty and commercial health.
Results in Network Solutions included the impact of certain one-time events, primarily within CERiS, which contributed to elevated revenue and profit during the period and added $0.02 to earnings per share. Nichols said the performance was driven by accelerated post-payment recoveries tied to a large payer engagement, which he characterized as a timing-related benefit.
He added that the engagement, along with additional large payer wins, is expected to contribute to ongoing revenue and profit tailwinds as the programs scale and mature.
Patient Management generated low single-digit revenue and profit growth, which Nichols attributed to stable demand and a continued focus on operational efficiency. He said CorVel is making targeted investments to improve service quality and consistency while advancing systems and technology to support more scalable delivery.
Personnel levels increased during the period to support service delivery and implementation activity. Nichols said those levels are expected to normalize as deployments mature and as automation and AI-enabled workflow improvements are rolled out through the remainder of the year and into 2027.
Bookings and Pipeline Show Momentum New bookings in the March quarter increased 56% year over year, according to Nichols, reflecting what he described as high demand and accelerating commercial momentum across the business. Request-for-proposal activity rose 20% over the same period.
Nichols said the bookings are primarily multi-year agreements and are expected to contribute meaningfully to revenue and profit growth in the back half of the calendar year as implementations scale.
CERiS Focuses on Payment Accuracy Combs said healthcare payers are operating in a more complex environment, with rising administrative costs, growing claim complexity and pressure to improve financial and clinical outcomes. He said the market is shifting from reactive correction toward proactive models of payment accuracy and cost management.
Combs said CERiS is aligned with that shift because its platform spans both prepay and postpaid solutions. He said the approach allows customers to improve accuracy earlier in the claims lifecycle while maintaining recovery capabilities where needed.
In 2026, CorVel is launching four large payer programs, including two new multi-year partnerships with top 10 national payers, Combs said. He said those implementations reinforce the company’s value proposition and are expected to contribute meaningfully to revenue and profit growth as they mature.
Combs also said prepayment accuracy is becoming a more important strategic priority for payers. He said CERiS is expanding prepaid solutions and migrating services that historically were performed postpaid into more proactive workflows. The move supports revenue streams with a shorter realization cycle, typically one to two months for prepay compared with six months or longer for postpaid, while maintaining comparable margin profiles, he said.
AI and Platform Investments Continue Combs said technology remains a key part of CorVel’s strategy, with ongoing investment in artificial intelligence and automation to improve accuracy, increase throughput and reduce reliance on manual processes. He said the company’s approach is focused on augmenting teams by providing actionable insights, improving decision-making and allowing clinical and operational professionals to focus on higher-value work.
In workers’ compensation and risk management, Combs said the industry is seeing rising claims severity, higher medical costs and greater complexity tied to an aging workforce, increased comorbidities and expanded behavioral health considerations. He said partners are also facing provider access constraints, regulatory complexity and pressure to improve outcomes while controlling costs.
CorVel is advancing its CorVel Connected interface within the CareMC platform, which Combs said brings together AI, real-time data integration and embedded clinical and claims expertise into a unified operating model. He said the platform is intended to support earlier risk identification, faster access to care and more informed decision support throughout the claim continuum.
Combs said CorVel is also investing in automation, API-driven connectivity and compliance infrastructure to reduce friction, support regulatory alignment and enable real-time data exchange with partners. He also noted that the company is enhancing its governance framework, strengthening controls and investing in resilience initiatives in response to changing cybersecurity and operational risk dynamics.
Margins, Cash Flow and Buybacks Nichols said CorVel’s net income for fiscal 2026 was $110 million, nearly a 14% increase from $95 million in fiscal 2025. The fourth quarter contributed $31 million to the fiscal-year total, $5 million higher than the same quarter of fiscal 2025.
General and administrative expenses decreased by $1.3 million in the fourth quarter compared with the prior-year quarter, lowering G&A as a percentage of revenue to 9.4% from 10.6%. CorVel’s operating margin for fiscal 2026 was 15%, an improvement of 1.4 percentage points over 2025, Nichols said.
During fiscal 2026, CorVel repurchased 872,744 shares at a cost of $56 million, including 366,306 shares in the fourth quarter for $20 million. Since the inception of the repurchase program, the company has repurchased 115.3 million shares for an aggregate total of $868 million, representing 69% of total shares outstanding at an average price of $7.70 per share.
CorVel ended the fiscal year with $233 million in cash. Free cash flow was $66 million, up $7 million from fiscal 2025. Nichols said the company’s “robust and debt-free balance sheet” positions it for strategic product expansion, technological advancement and acquisition opportunities.
The call concluded without questions from participants.
About CorVel NASDAQ: CRVLCorVel Corporation NASDAQ: CRVL is a technology-driven provider of workers' compensation, liability, and specialty risk management solutions. The company develops and deploys software and data analytics tools to streamline claims administration, medical cost containment, prescription drug management, and provider network access. CorVel's integrated platform connects employers, insurers, healthcare providers, and injured workers, aiming to improve outcomes and control costs through process automation and real-time decision support.
The company's product suite includes claims lifecycle management, bill review and negotiation, virtual care and telehealth services, pharmacy benefit management, and independent medical examinations (IMEs).
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FORT WORTH, Texas, June 01, 2026 (GLOBE NEWSWIRE) -- CorVel today announced that Sarah Scott will be appointed CEO and President, effective July 1, 2026, succeeding Michael G. Combs, who will transition to the role of Executive Chair.
FORT WORTH, Texas, June 02, 2026 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL) today announced that it will mark its 35th anniversary as a publicly traded company listed on the Nasdaq Stock Market. Members of the company’s executive leadership team, including Chairman, President, and CEO Michael Combs, will commemorate the milestone by ringing the Nasdaq opening bell in New York City.
35 Years of Strong Market Performance
Fiscal year 2026 represents a defining moment for CorVel. The company’s 35 years as a public organization reflect not only longevity, but the consistent execution of a strategy centered on technology investment, operational discipline, and a commitment to people. Over time, this foundation has continued to translate into measurable market momentum, strengthened partnerships, and sustained confidence among partners and stakeholders.
CorVel’s financial profile remains a distinct advantage. A disciplined approach to capital management has preserved the flexibility to invest deliberately and with conviction. In an environment where many organizations face constraints driven by short-term decisions and leveraged balance sheets, CorVel continues to operate from a position of strength, supporting long-term investment, steady innovation, and resilience across market cycles.
A Moment Worth Marking
“This milestone is an opportunity to recognize what has been built over time,” said Combs. “It reflects the strength of our people, the clarity of our long-term vision and the agility of our execution, and our commitment to long-term value creation. We have stood the test of time through disciplined execution, continuous investment, and a willingness to evolve with changing markets, and we are well-positioned to build on that foundation in the years ahead.
Nasdaq Event Details
Where: Nasdaq MarketSite — 151 West 43rd Street, New York City
When: Tuesday, June 9, 2026; program begins at 9:30 a.m. ET
Livestream: A livestream of the Nasdaq ceremony will be available here.
About CorVel
CorVel Corp. applies technology, including artificial intelligence, machine learning, and natural language processing, to enhance the management of episodes of care and related health care costs. We partner with employers, third-party administrators, insurance companies, and government agencies in managing workers’ compensation and health, auto, and liability services. Our diverse suite of solutions combines our integrated technologies with a human touch. CorVel’s customized services, delivered locally, are backed by a national team to support our partners and their customers and patients.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on the Company’s current expectations, estimates and projections about the Company, management’s beliefs, and certain assumptions made by the Company, and events beyond the Company’s control, all of which are subject to change. Such forward-looking statements include, but are not limited to, statements relating to the Company’s services and the Company’s continued investment in these and other innovative technologies, and statements relating to the Company’s product offerings. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause the Company’s actual results to differ materially and adversely from those expressed in any forward-looking statement results of operations and financial condition is greater than our initial assessment. The risks and uncertainties referred to above include but are not limited to factors described in this press release and the Company’s filings with the Securities and Exchange Commission, including but not limited to “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended March 31, 2026, and the Company’s Quarterly Report on Form 10-Q for the quarters ended June 30, 2025, September 30, 2025 and December 31, 2025. The forward-looking statements in this press release speak only as of the date they are made. The Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.
