CorVel(US:CRVL)2026-02-03 00:30Financial Performance - Revenues for the nine months ended December 31, 2025, were $710 million, a 7% increase from $664 million in the same period of 2024[1] - Earnings per share for the nine months ended December 31, 2025, were $1.53, up 16% from $1.32 in the prior year[1] - Revenues for the quarter ended December 31, 2025, were $236 million, an increase from $228 million in the same quarter of 2024[1] - The company reported a net income of $79.3 million for the nine months ended December 31, 2025, compared to $68.7 million in the same period of 2024[8] Gross Profit and Cash Position - Gross profit for the quarter increased 4% to $54.9 million, with a gross margin of 23%[6] - The company exited the quarter with $230 million in cash and cash equivalents, with no borrowings[6] Shareholder Actions - CorVel repurchased $13.4 million of common stock during the quarter[6] Strategic Initiatives - The integration of a recent strategic acquisition is progressing ahead of plan, accelerating innovation and expanding technology capabilities[3] - AI initiatives are enhancing operational efficiency and improving outcomes for partners across products and services[3] Asset Growth - Total assets as of December 31, 2025, were $644.8 million, up from $546.0 million as of March 31, 2025[9]