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CorVel (CRVL) investor relations material
CorVel Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Quarterly revenue rose 7% year-over-year to $240 million, driven by network solutions and organic growth.
Diluted EPS increased 20% to $0.54, adjusted for a three-for-one stock split.
Net income for the quarter was $28 million, up from $23 million in the prior year.
Company completed a technology acquisition to enhance bill review and AI initiatives.
Investments in workforce development and AI-driven operational enhancements continue.
Financial highlights
Gross profit for the quarter was $58.2 million, up 15% year-over-year, with gross margin improving to 24.3%.
Net income for the quarter reached $27.9 million, with six-month net income at $55.1 million.
Quarter-ending cash balance stood at $207 million, with no borrowings.
Day sales outstanding improved to 40 days, a two-day reduction year-over-year.
General and administrative expenses were $22.3 million, representing 9.3% of revenue.
Outlook and guidance
Continued focus on leveraging AI and automation to drive operational efficiency and partner savings.
Expansion of offerings and technological capabilities through organic growth and targeted M&A.
Management expects G&A expenses to remain between 9% and 11% of revenues.
Current cash and cash flow from operations expected to fund growth and obligations for at least 12 months.
Forward-looking statements are subject to risks, including labor market and technology adoption.
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