CorVel Corporation (NASDAQ:CRVL) announced fourth-quarter earnings on Thursday that surpassed last year’s performance, with revenue growing 12% year-over-year.
Following the announcement, CorVel’s stock edged up 0.18% in pre-market trading.
For the quarter ending March 31, 2025, the healthcare management and network solutions provider posted earnings per share (EPS) of $0.51, up from $0.37 in the same period last year – a 38% increase. Revenue rose to $232 million from $207 million a year earlier.
Gross profit for the quarter jumped 34% to $58 million, with the gross margin expanding to 25%, compared to 21% in Q4 of fiscal 2024.
The company finished the quarter with $171 million in cash and cash equivalents and reported no borrowings. During the period, CorVel repurchased $9 million of its common stock.
For the full fiscal year 2025, CorVel posted revenue of $896 million, up from $795 million in fiscal 2024. Annual EPS increased to $1.83 from $1.47 the previous year.