Filing Flows › Corvel (CRVL) › Q1 FY27 › vs Q1 FY26
Corvel (CRVL) Q1 FY27 vs Q1 FY26 (year over year)
Corvel's revenue rose $25.2M (+11%) from $235M in Q1 FY26 to $260M in Q1 FY27. The biggest changes: Network Solutions Services +$12.7M (+14%); Patient Management Services +$12.5M (+9%). Gross margin 26.1% against 24.2% (+1.9 pts).
Corvel, Q1 FY27: revenue $260M (+11% year over year), operating margin 16.7%, net earnings $32.2M, operating cash flow $49.9M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 26.1% | 24.2% | +1.9 pts |
| Operating margin | 16.7% | 15.0% | +1.6 pts |
| Net margin | 12.4% | 11.6% | +0.8 pts |
| Free cash flow margin | 16.6% | 16.8% | -0.3 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Patient Management Services | $159M | $147M | $12.5M | +9% |
| Network Solutions Services | $101M | $87.9M | $12.7M | +14% |
| Revenue | $260M | $235M | $25.2M | +11% |
| Gross profit | $67.8M | $56.8M | $11.0M | +19% |
| Cost of revenue | $192M | $178M | $14.2M | +8% |
| Operating profit | $43.3M | $35.3M | $8.1M | +23% |
| Operating expenses | $24.5M | $21.5M | $3.0M | +14% |
| Pre-tax earnings | $43.3M | $35.3M | $8.1M | +23% |
| Net earnings | $32.2M | $27.2M | $5.0M | +18% |
| Income tax | $11.1M | $8.0M | $3.1M | +38% |
| Depreciation & amortization | $8.8M | $7.6M | $1.2M | +15% |
| Share-based compensation | $1.4M | $1.4M | −$57K | -4% |
| Working capital & other | $7.6M | $18.8M | −$11.2M | -60% |
| Operating cash flow | $49.9M | $55.0M | −$5.1M | -9% |
| Free cash flow (OCF − capex) | $43.1M | $39.5M | $3.5M | +9% |
| Capital expenditures | $6.8M | $15.5M | −$8.6M | -56% |
Questions
How much did Corvel's revenue grow year over year in Q1 FY27?
Corvel's revenue rose $25.2M (+11%) from $235M in Q1 FY26 to $260M in Q1 FY27.
What drove Corvel's revenue change in Q1 FY27?
Network Solutions Services +$12.7M (+14%); Patient Management Services +$12.5M (+9%).