CorVel Corporation (NASDAQ: CRVL), based in Fort Worth, Texas, is a provider of technology-driven solutions for the management of healthcare claims. The company specializes in the fields of workers’ compensation, auto, and health markets.

CorVel Corporation is in a stable condition, showcasing a consistent rise in its financial metrics over the last fiscal year. For the quarter ended March 31, 2025, revenues reached $232 million, reflecting a year-over-year increase of 12% from $207 million in the same quarter of 2024. The fiscal year results also demonstrated growth, with total revenues of $896 million, up from $795 million a year earlier.

Earnings per share (EPS) for the quarter were reported at $0.51, an increase of 38% compared to $0.37 in the same quarter the previous year. For the fiscal year, diluted EPS stood at $1.83, a rise from $1.47 for the fiscal year ended March 31, 2024. The changes in earnings per share have been adjusted due to a three-for-one stock split that occurred on December 24, 2024.

Gross profit for the quarter increased 34%, reaching $58 million and achieving a gross margin of 25%, compared to a gross profit of $43.4 million for the same quarter in the previous year. For the fiscal year, gross profit amounted to $209.7 million, compared to $171.7 million reported a year ago.

The company’s net income for the quarter totaled $26.4 million, up from $19.5 million in the same quarter a year ago. For the fiscal year, net income increased to $95.2 million from $76.3 million in the prior year.

CorVel Corporation ended the quarter with cash and cash equivalents amounting to $171 million and reported no borrowings. The company executed a stock repurchase program, having spent $9 million on common stock during the quarter.

These results reflect a solid financial performance underpinning the company’s ongoing strategic initiatives, including investments in AI technologies aimed at enhancing its service offering and operational efficiency. The company’s continued focus on improving its communication platform and the integration of advanced technologies further supports its growth trajectory.