CorVel stock posts 11% revenue growth in fiscal Q2 2027

CorVel reported strong fiscal second-quarter results on November 3, 2026, with revenue rising 11 percent year over year to 267 million US dollars and diluted earnings per share increasing to 0.67 US dollars from 0.54 US dollars. The figures cover the quarter ended September 30, 2026, and were published in the company's earnings release.

Margins outpace revenue growth

Gross profit increased 24 percent to 72.3 million US dollars, compared with 58.2 million US dollars a year earlier. The resulting gross margin reached 27 percent. Net income rose to 34.1 million US dollars from 27.9 million US dollars in the prior-year quarter.

For the first six months of fiscal 2027, revenue reached 527 million US dollars, while diluted earnings per share advanced to 1.31 US dollars from 1.06 US dollars. CorVel also reported 270 million US dollars in cash, cash equivalents and no borrowings at the end of September. The company repurchased 18.1 million US dollars of common stock during the quarter.

AI expands claims capacity

CorVel said new customer wins and deeper relationships supported momentum in its workers' compensation and liability businesses. Its integrated model combines claims management, managed care, clinical expertise, technology and cost-containment services for employers, insurers and government entities.

Management highlighted artificial intelligence in core claims workflows, where it is intended to reduce manual processing and give adjusters more timely information. CareMC and the My Care digital self-service portal are also being developed to improve access to claim information. The Guidewire Marketplace lists the CareMC Accelerator for ClaimCenter as supporting workers' compensation and auto or general liability claims involving bodily injury.

Business model and market position

CorVel provides claims management and cost-containment services across workers' compensation, liability, disability and alternative risk markets. Its solutions include case management, medical bill review, provider networks, pharmacy services and ancillary benefit management. The company is headquartered in Fort Worth, Texas, and serves employers, insurance carriers and government entities.

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