Earnings release
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Date : August 5 , 2026 FOR IMMEDIATE RELEASE Corvel Corporation 5128 Apache Plume Road Suite 400 Fort Worth , TX 76109 Contact : Melissa Storan Phone : 949-851-1473 www.corvel.com Exhibit 99.1 Corvel Announces Revenues and Earnings FORT WORTH , Texas , August 5 , 2026 - Corvel Corporation ( NASDAQ : CRVL ) announced the results for the quarter ended June 30 , 2026. Revenues for the quarter were $ 260 million , an increase from $ 235 million in the June quarter of 2025. Earnings per share for the quarter were $ 0.63 , compared to $ 0.52 in the same quarter of the prior year . First Quarter Fiscal Year 2027 Highlights Revenue increased 11 % to $ 260 million , compared to first quarter of fiscal year 2026 . Gross profit increased 19 % to $ 67.8 million , at 26 % gross margin , compared to first quarter of fiscal year 2026 gross profit of $ 56.8 million . Diluted earnings per share increased 21 % to $ 0.63 , compared to first quarter of fiscal year 2026 diluted earnings per share of $ 0.52 . The Company exited the quarter with $ 256 million of cash , cash equivalents , and no borrowings . The Company repurchased $ 21.8 million of common stock during the quarter . During the quarter , CorVel marked the 35th anniversary of its Nasdaq listing by ringing the opening bell with members of its executive leadership team . The milestone reflects the Company's long - standing commitment to disciplined execution , prudent capital management , and sustained investment in innovation , all of which have supported more than three decades of consistent growth and long - term value creation for clients and shareholders . In addition , the Company expanded its support for workers ' compensation and liability clients through the introduction of Executive Advisory Services . By combining operational expertise , analytics , benchmarking , and technology , the offering provides clients with actionable insights to reduce costs , improve program performance , and achieve better outcomes while strengthening long - term strategic partnerships . CERIS broadened its payment integrity capabilities through new client implementations and targeted investments designed to improve payment accuracy and help health plans address increasing cost and regulatory pressures . Across both Patient Management and Network Solutions , CorVel remains focused on delivering measurable value by combining deep operational expertise with advanced technology and data - driven insights . Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 All statements included in this press release , other than statements or characterizations of historical fact , are forward - looking statements . These forward - looking statements are based on the Company's current expectations , estimates and projections about the Company , management's beliefs , and certain assumptions made by the Company , and events beyond the Company's control , all of which are subject to change . Such forward - looking statements include , but are not limited to , improved payment accuracy and reducing costs , improving program performance and achieving better outcomes with operational expertise combined with advanced technology . These forward- looking statements are not guarantees of future results and are subject to risks , uncertainties and assumptions that could cause the Company's actual results to differ materially and adversely from those expressed in any forward - looking statement . The risks and uncertainties referred to above include but are not limited to factors described in this press release and the Company's filings with the Securities and Exchange Commission , including but not limited to “ Risk Factors ” in the Company's Annual Report on Form 10 - K for the year ended March 31 ,
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2026, and the Company’s Quarterly Report on Form 10-Q for the quarters ended June 30, 2025, September 30, 2025, and December 31, 2025. The forward-looking statements in this press release speak only as of the date they are made. The Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.
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CorVel Corporation Quarterly Results – Income Statement Quarters Ended June 30, 2026 (unaudited) and June 30, 2025 (unaudited) Quarter Ended June 30, 2026 June 30, 2025 Revenues $ 259,925,000 $ 234,711,000 Cost of revenues 192,131,000 177,950,000 Gross profit 67,794,000 56,761,000 General and administrative 24,453,000 21,478,000 Income from operations 43,341,000 35,283,000 Income tax provision 11,116,000 8,048,000 Net income $ 32,225,000 $ 27,235,000 Earnings Per Share: Basic $ 0.63 $ 0.53 Diluted $ 0.63 $ 0.52 Weighted Shares Basic 50,804,000 51,352,000 Diluted 50,928,000 51,912,000
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CorVel Corporation Quarterly Results – Condensed Balance Sheet June 30, 2026 (unaudited) and March 31, 2026 June 30, 2026 March 31, 2026 Cash $ 255,883,000 $ 233,072,000 Customer deposits 127,050,000 115,706,000 Accounts receivable, net 110,997,000 101,313,000 Prepaid taxes and expenses 10,851,000 12,206,000 Property, net 121,764,000 117,906,000 Goodwill and other assets 42,467,000 41,619,000 Right-of-use asset, net 20,723,000 21,146,000 Total $ 689,735,000 $ 642,968,000 Accounts and taxes payable $ 30,086,000 $ 24,550,000 Accrued liabilities 229,970,000 203,518,000 Long-term lease liabilities 20,787,000 20,687,000 Paid-in capital 272,922,000 268,518,000 Treasury stock (909,684,000) (887,716,000) Retained earnings 1,045,654,000 1,013,429,000 Total $ 689,735,000 $ 642,986,000