Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $519M | $558M | $596M | $592M | $553M | $646M | $719M | $795M | $896M | $959M |
| Revenue growth | — | 7.6% | 6.7% | -0.6% | -6.7% | 16.9% | 11.2% | 10.7% | 12.6% | 7.0% |
| Gross profit | $105M | $107M | $125M | $126M | $124M | $152M | $158M | $172M | $210M | $233M |
| Gross margin | 20.2% | 19.2% | 21.0% | 21.3% | 22.4% | 23.5% | 22.0% | 21.6% | 23.4% | 24.3% |
| Net income | $29.5M | $35.7M | $46.7M | $47.4M | $46.4M | $66.4M | $66.4M | $76.3M | $95.2M | $110M |
| Net margin | 5.7% | 6.4% | 7.8% | 8.0% | 8.4% | 10.3% | 9.2% | 9.6% | 10.6% | 11.5% |
| EPS (diluted) | $1.51 | $1.87 | $2.46 | $2.55 | $2.55 | $3.66 | $1.26 | $1.47 | $1.83 | $2.14 |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $52.1M | $62.2M | $78.6M | $80.8M | $94.4M | $67.2M | $82.3M | $99.2M | $127M | $156M |
| Capital expenditures | $31.0M | $27.7M | $15.3M | $32.4M | $17.2M | $29.8M | $26.3M | $29.2M | $35.8M | $45.4M |
| Free cash flow | $21.0M | $34.5M | $63.4M | $48.5M | $77.1M | $37.4M | $56.0M | $70.0M | $91.6M | $110M |
| Share buybacks | $28.0M | $11.2M | $35.2M | $65.6M | $32.7M | $90.1M | $93.7M | $45.7M | $37.6M | $56.2M |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $28.6M | $55.8M | $91.7M | $83.2M | $140M | $97.5M | $71.3M | $106M | $171M | $233M |
| Total assets | $235M | $274M | $318M | $416M | $425M | $415M | $394M | $455M | $546M | $643M |
| Total liabilities | $96.7M | $103M | $123M | $227M | $204M | $203M | $192M | $207M | $224M | $249M |
| Shareholders' equity | $139M | $171M | $195M | $190M | $220M | $212M | $202M | $248M | $322M | $394M |
| Retained earnings | $423M | $458M | $505M | $553M | $599M | $665M | $732M | $808M | $903M | $1.01B |
| Shares (wtd avg diluted) | 19.6M | 19.0M | 19.0M | 18.6M | 18.2M | 18.1M | 52.8M | 52.0M | 52.0M | 51.6M |
Every figure is extracted from CORVEL CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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