CorVel(US:CRVL)2025-11-04 00:30Financial Performance - Revenues for the quarter ended September 30, 2025, were $240 million, a 7% increase from $224 million in the same quarter of 2024[1] - Earnings per share for the quarter were $0.54, up 20% from $0.45 in the same quarter of the prior year[1] - Gross profit increased 15% to $58.2 million, with a gross margin of 24% compared to $50.7 million in the same quarter of fiscal year 2025[6] - For the six months ended September 30, 2025, revenues were $474 million, a 9% increase from $436 million during the same period in 2024[1] - Net income for the quarter was $27.9 million, compared to $23.4 million in the same quarter of the prior year[8] Cash and Assets - The company exited the quarter with $207 million in cash and cash equivalents, with no borrowings[6] - Total assets as of September 30, 2025, were $611.7 million, an increase from $546.0 million as of March 31, 2025[9] Strategic Initiatives - CorVel is addressing workforce challenges by developing new talent through CorVel U, enhancing retention and service quality[3] - The company is leveraging Agentic AI to improve efficiency and scalability across operations, automating complex processes[4] Shareholder Actions - CorVel repurchased $12.8 million of common stock during the quarter[6]