Highest-materiality recent filing
Michael G. Combs transitions from CEO/President to Executive Chair effective July 1, 2026; will receive $25,000/month base salary plus health benefits.
CorVel Q4 FY2026 EPS $0.61 (+20% YoY); FY revenue $959M (+7%)
FY revenue $959M (+7% from $896M); FY diluted EPS $2.14 (+17% from $1.83).
CorVel Q3 FY2026 revenue $236M (+3% YoY), EPS $0.47 (+2% YoY)
Revenue for quarter ended Dec 31, 2025: $236M, up 3% from $228M in prior-year quarter.
CorVel Q2 FY2026 revenue $240M (+7% YoY); EPS $0.54 (+20% YoY)
Revenue $240M vs $224M Q2 FY2025 (+7%); EPS $0.54 vs $0.45 (+20% YoY).
CorVel Q1 FY2026 revenue up 11% to $235M, EPS up 24% to $0.52
Revenue $235M vs $212M prior year (11% increase).
CorVel Q4 revenue rises 12% to $232M, EPS up 38% to $0.51
Q4 revenue $232M (+12% YoY), diluted EPS $0.51 (+38% YoY from $0.37).
CorVel Q3 FY2025 revenue up 13% to $228M; EPS $0.46 (+39% YoY)
Revenue $228M vs $202M YoY; gross profit $52.9M at 23.2% margin (+25%).
CorVel founder Clemons retires as Chairman; CEO Combs takes over
V. Gordon Clemons retired as employee, director, and Chairman on Nov 26, 2024, after 37 years with CorVel.
CorVel Q2 FY2025 revenue $224M (+15% YoY), EPS $1.35 (+17% YoY)
Revenue $224M vs $196M a year ago; diluted EPS $1.35 vs $1.15.
CorVel Q1 FY2025 revenue $212M (+11% YoY), EPS $1.25 (+10%)
Revenue $212M, +11% YoY from $190M; diluted EPS $1.25 vs $1.14.
CorVel Q4 revenue $207M +12% YoY; FY EPS $4.40 vs $3.77
Q4 revenue $207M, up 12% YoY from $185M; EPS $1.12 vs $1.04.
In connection with the leadership transition, the Board appointed Sarah Scott to serve as Chief Executive Officer and President of the Company, effective July 1, 2026.
Michael G. Combs, the Chief Executive Officer, President, and Chairman of the Board of Directors (the “Board”) of CorVel Corporation (the “Company”) is transitioning from his role as Chief Executive Officer and President of the Company, effective July 1, 2026, and has been appointed by the Board to serve as Executive Chair, effective as of the same date.
On November 26, 2024, V. Gordon Clemons informed CorVel Corporation (the “Company”) of his decision to retire as an employee of the Company, as a member of the Company’s board of directors (the “Board”), and as Chairman of the Board, in each case effective immediately.
Subsequently, on November 26, 2024, the Board appointed Michael G. Combs, the Company’s Chief Executive Officer and President, to the Board and elected him as Chairman of the Board, also effective immediately.
Max materiality 0.75 · Median 0.62 · Most common event earnings