CorVel Corp. (CRVL) Financial Statements (2025 and earlier)

Company Profile

Business Address 2010 MAIN STREE
IRVINE, CA 92614
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 6411 - Insurance Agents, Brokers, and Service (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
Q2
6/30/2024
Q1
3/31/2024
Q4
12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments131,908105,563106,99491,74986,59371,329
Cash and cash equivalents131,908105,563106,99491,74986,59371,329
Receivables140,558139,52592,65786,93784,17681,034
Prepaid expense9,57911,41813,90313,06212,42611,385
Deposits current assets94,02288,14280,83890,12784,75580,022
Other undisclosed current assets (42,809)(42,417)    
Total current assets:333,258302,231294,392281,875267,950243,770
Noncurrent Assets
Operating lease, right-of-use asset23,24124,05825,08327,17426,11927,721
Property, plant and equipment86,86585,89285,21684,93984,27682,770
Intangible assets, net (including goodwill)37,53037,63537,74137,84737,95338,058
Goodwill36,81436,81436,81436,81436,81436,814
Intangible assets, net (excluding goodwill)7168219271,0331,1391,244
Deferred income tax assets3,8133,5451,147877552224
Other noncurrent assets1,4651,3181,4161,4057231,380
Total noncurrent assets:152,914152,448150,603152,242149,623150,153
TOTAL ASSETS:486,172454,679444,995434,117417,573393,923
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities194,273184,278188,179186,291181,965167,636
Accounts payable12,36916,41014,92515,14814,65315,058
Accrued liabilities181,904167,868173,254171,143167,312152,578
Deferred revenue 30,21729,961    
Self insurance reserve 2,6213,818    
Other undisclosed current liabilities(26,526)(33,558)2082085,766251
Total current liabilities:200,585184,499188,387186,499187,731167,887
Noncurrent Liabilities
Liabilities, other than long-term debt21,71422,53323,07825,04922,86223,860
Operating lease, liability21,71422,53323,07825,04922,86223,860
Total noncurrent liabilities:21,71422,53323,07825,04922,86223,860
Total liabilities:222,299207,032211,465211,548210,593191,747
Equity
Equity, attributable to parent263,873247,647233,530222,569206,980202,176
Common stock333333
Treasury stock, value(803,431)(793,905)(784,724)(775,400)(765,982)(748,195)
Additional paid in capital237,804233,629229,785226,595221,486218,700
Retained earnings829,497807,920788,466771,371751,473731,668
Total equity:263,873247,647233,530222,569206,980202,176
TOTAL LIABILITIES AND EQUITY:486,172454,679444,995434,117417,573393,923

Income Statement (P&L) ($ in thousands)

9/30/2024
Q2
6/30/2024
Q1
3/31/2024
Q4
12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
Revenues211,722207,233202,303195,522190,253185,443
Cost of revenue
(Cost of Goods and Services Sold)
(163,567)(163,830)(160,143)(151,270)(148,375)(143,492)
Gross profit:48,15543,40342,16044,25241,87841,951
Operating expenses(21,524)(23,347)(19,798)(19,538)(16,450)(19,358)
Operating income:26,63120,05622,36224,71425,42822,593
Interest and debt expense(21)(21)(21)(22)(22)(22)
Income from continuing operations before equity method investments, income taxes:26,61020,03522,34124,69225,40622,571
Other undisclosed income from continuing operations before income taxes1,4252,56221222222
Income from continuing operations before income taxes:28,03522,59722,36224,71425,42822,593
Income tax expense(6,458)(3,143)(5,267)(4,816)(5,623)(4,424)
Net income available to common stockholders, diluted:21,57719,45417,09519,89819,80518,169

Comprehensive Income ($ in thousands)

9/30/2024
Q2
6/30/2024
Q1
3/31/2024
Q4
12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
Net income:21,57719,45417,09519,89819,80518,169
Comprehensive income, net of tax, attributable to parent:21,57719,45417,09519,89819,80518,169

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: