Q4 2026 CorVel Corp Earnings Call Transcript
Key Points
- CorVel Corp (CRVL) reported a 7% increase in March quarter revenues, reaching $249 million compared to $232 million in the previous year.
- Earnings per share for the quarter rose to $0.61, up from $0.51 in the same period of the previous year.
- Network Solutions delivered strong results with double-digit revenue and profit growth, driven by continued momentum across its offerings.
- New bookings in the March quarter increased 56% year-over-year, indicating high demand and accelerating commercial momentum.
- CorVel Corp (CRVL) has a robust and debt-free balance sheet, positioning the company well for strategic product expansion and technological advancement.
- The effective tax rate increased compared to the prior year, impacting earnings growth.
- Personnel levels increased to support service delivery, which may affect short-term operational costs.
- The company is facing rising claims severity and increased medical costs due to an aging workforce and expanded behavioral health considerations.
- There is ongoing pressure to improve outcomes while controlling costs in the workers' compensation and risk management environment.
- The increasing sophistication of AI-driven vulnerability discovery is reshaping cybersecurity and operational risk dynamics, requiring further investment in resilience initiatives.
Greetings, and welcome to the CorVel quarterly earnings report. (Operator Instructions) As a reminder, this conference is being recorded (Operator Instructions)
It's now my pleasure to turn the call over to President and CEO, Michael Combs. Please go ahead, sir.
Thank you. Good morning. Thank you for joining us to review CorVel's March quarter and fiscal year results. Brian Nichols, CorVel's Chief Financial Officer, is on the call with me today. Today, I will review business performance, the current environment and market trends and progress on product and service offerings.
So let's start with Brian providing an overview of the March quarter and fiscal year results. Brian?
Thank you, Michael, and good morning, everyone. The March quarter revenues were $249 million, an increase of 7% compared to $232 million in the March 2025 quarter. Earnings per share for the quarter ended March
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