CorVel Corporation reported revenue of USD 236 million for the third quarter (Q3) of fiscal year 2026, an increase of 3%. Gross profit for the quarter rose 4% to USD 54.9 million, with a gross margin of 23%. Diluted earnings per share for Q3 reached USD 0.47, up 2%. For the nine months ended December 31, 2025, revenue totaled USD 710 million, representing a 7% increase, while earnings per share were USD 1.53, up 16%. CorVel exited the quarter with USD 230 million in cash and cash equivalents and no borrowings. The company repurchased USD 13.4 million of common stock during the quarter. During the period, CorVel advanced its AI initiatives across the organization, enhancing efficiency, reallocating team capacity, and improving outcomes. The company also leveraged agentic AI to accelerate software development processes and integrate a recent strategic acquisition, aiming to expand technology capabilities. In its Property & Casualty and CERIS businesses, CorVel focused on automation, modernized data exchange, and AI-enabled workflows to address customer priorities such as efficiency, transparency, and cost control.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CorVel Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-034033), on February 03, 2026, and is solely responsible for the information contained therein.