Corvel (CRVL) Cost of Revenue (2010 - 2025)
Corvel's quarterly Cost of Revenue came in at $180.7 million in Q4 2025, up 3.19% year-on-year from $175.1 million in Q4 2024, and little changed quarter-over-quarter from $181.5 million in Q3 2025.
Corvel has reported Cost of Revenue for 16 years, with the latest figure at $180.7 million in Q4 2025.
- For the quarter ending Q4 2025, Cost of Revenue rose 3.19% year-over-year to $180.7 million; the trailing twelve-month figure through Dec 2025 stood at $713.5 million (up 5.52% YoY), and the FY2025 full-year result was $685.9 million, up 9.98% from the prior year.
- Cost of Revenue for Q4 2025 stood at $180.7 million, roughly flat from $181.5 million in the prior quarter.
- The five-year high for Cost of Revenue was $181.5 million in Q3 2025, with the low at $109.8 million in Q1 2021.
- Average Cost of Revenue over 5 years is $150.7 million, with a median of $149.8 million recorded in 2023.
- Year-over-year, Cost of Revenue dropped 5.58% in 2021 and advanced 18.22% in 2022.
- Tracing CRVL's Cost of Revenue over 5 years: stood at $129.3 million in 2021, then climbed by 7.52% to $139.0 million in 2022, then advanced by 15.18% to $160.1 million in 2023, then grew by 9.35% to $175.1 million in 2024, then rose by 3.19% to $180.7 million in 2025.
- The last three Cost of Revenue figures came in at $180.7 million (Q4 2025), $181.5 million (Q3 2025), and $178.0 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Aon | 69.60 Bn | 68.21 Bn | - | - |
| 2 | Arthur J. Gallagher | 52.64 Bn | 51.26 Bn | - | - |
| 3 | Willis Towers Watson | 24.45 Bn | 22.68 Bn | 1.98 Bn | 385.00 Mn |
| 4 | Brown & Brown | 19.37 Bn | 18.39 Bn | 1.61 Bn | 289.00 Mn |
| 5 | XChange TEC.INC | 6.95 Bn | 6.95 Bn | - | - |
| 6 | Accelerant Holdings | 3.83 Bn | 2.32 Bn | 48.00 Mn | 81.80 Mn |
| 7 | Corvel | 3.22 Bn | 2.87 Bn | 54.92 Mn | 180.71 Mn |
| 8 | Baldwin Insurance | 1.84 Bn | 2.28 Bn | - | - |
| 9 | Goosehead Insurance | 1.01 Bn | 899.53 Mn | - | - |
| 10 | Twfg | 279.02 Mn | 351.22 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 180.71 Mn |
| Dec 31, 2025 | 180.71 Mn |
| Sep 30, 2025 | 181.47 Mn |
| Sep 30, 2025 | 181.47 Mn |
| Jun 30, 2025 | 177.95 Mn |
| Jun 30, 2025 | 177.95 Mn |
| Mar 31, 2025 | 173.33 Mn |
| Mar 31, 2025 | 173.33 Mn |
| Dec 31, 2024 | 175.12 Mn |
| Dec 31, 2024 | 175.12 Mn |
| Sep 30, 2024 | 173.63 Mn |
| Sep 30, 2024 | 173.63 Mn |
| Jun 30, 2024 | 163.57 Mn |
| Jun 30, 2024 | 163.57 Mn |
| Mar 31, 2024 | 163.83 Mn |
| Mar 31, 2024 | 163.83 Mn |
| Dec 31, 2023 | 160.14 Mn |
| Dec 31, 2023 | 160.14 Mn |
| Sep 30, 2023 | 151.27 Mn |
| Sep 30, 2023 | 151.27 Mn |
| Jun 30, 2023 | 148.38 Mn |
| Jun 30, 2023 | 148.38 Mn |
| Mar 31, 2023 | 143.49 Mn |
| Mar 31, 2023 | 143.49 Mn |
| Dec 31, 2022 | 139.04 Mn |
| Dec 31, 2022 | 139.04 Mn |
| Sep 30, 2022 | 141.33 Mn |
| Sep 30, 2022 | 141.33 Mn |
| Jun 30, 2022 | 136.44 Mn |
| Jun 30, 2022 | 136.44 Mn |
| Mar 31, 2022 | 128.31 Mn |
| Mar 31, 2022 | 128.31 Mn |
| Dec 31, 2021 | 129.32 Mn |
| Dec 31, 2021 | 129.32 Mn |
| Sep 30, 2021 | 121.08 Mn |
| Sep 30, 2021 | 121.08 Mn |
| Jun 30, 2021 | 115.41 Mn |
| Jun 30, 2021 | 115.41 Mn |
| Mar 31, 2021 | 109.79 Mn |
| Mar 31, 2021 | 109.79 Mn |
| Dec 31, 2020 | 110.61 Mn |
| Dec 31, 2020 | 110.61 Mn |
| Sep 30, 2020 | 105.53 Mn |
| Sep 30, 2020 | 105.53 Mn |
| Jun 30, 2020 | 103.09 Mn |
| Jun 30, 2020 | 103.09 Mn |
| Mar 31, 2020 | 116.28 Mn |
| Mar 31, 2020 | 116.28 Mn |
| Dec 31, 2019 | 118.84 Mn |
| Dec 31, 2019 | 118.84 Mn |
| Sep 30, 2019 | 114.13 Mn |
| Sep 30, 2019 | 114.13 Mn |
| Jun 30, 2019 | 117.01 Mn |
| Jun 30, 2019 | 117.01 Mn |
| Mar 31, 2019 | 118.47 Mn |
| Mar 31, 2019 | 118.47 Mn |
| Dec 31, 2018 | 116.73 Mn |
| Dec 31, 2018 | 116.73 Mn |
| Sep 30, 2018 | 116.69 Mn |
| Sep 30, 2018 | 116.69 Mn |
| Jun 30, 2018 | 119.05 Mn |
| Jun 30, 2018 | 119.05 Mn |
| Mar 31, 2018 | 116.42 Mn |
| Mar 31, 2018 | 116.42 Mn |
| Dec 31, 2017 | 115.17 Mn |
| Dec 31, 2017 | 115.17 Mn |
| Sep 30, 2017 | 110.68 Mn |
| Sep 30, 2017 | 110.68 Mn |
| Jun 30, 2017 | 108.83 Mn |
| Jun 30, 2017 | 108.83 Mn |
| Mar 31, 2017 | 105.88 Mn |
| Mar 31, 2017 | 105.88 Mn |
| Dec 31, 2016 | 102.83 Mn |
| Dec 31, 2016 | 102.83 Mn |
| Sep 30, 2016 | 102.31 Mn |
| Sep 30, 2016 | 102.31 Mn |
| Jun 30, 2016 | 102.88 Mn |
| Jun 30, 2016 | 102.88 Mn |
| Mar 31, 2016 | 101.85 Mn |
| Mar 31, 2016 | 101.85 Mn |
| Dec 31, 2015 | 98.66 Mn |
| Dec 31, 2015 | 98.66 Mn |
| Sep 30, 2015 | 97.78 Mn |
| Sep 30, 2015 | 97.78 Mn |
| Jun 30, 2015 | 100.76 Mn |
| Jun 30, 2015 | 100.76 Mn |
| Mar 31, 2015 | 99.52 Mn |
| Mar 31, 2015 | 99.52 Mn |
| Dec 31, 2014 | 98.22 Mn |
| Dec 31, 2014 | 98.22 Mn |
| Sep 30, 2014 | 98.25 Mn |
| Sep 30, 2014 | 98.25 Mn |
| Jun 30, 2014 | 96.66 Mn |
| Jun 30, 2014 | 96.66 Mn |
| Mar 31, 2014 | 93.71 Mn |
| Mar 31, 2014 | 93.71 Mn |
| Dec 31, 2013 | 93.39 Mn |
| Dec 31, 2013 | 93.39 Mn |
| Sep 30, 2013 | 92.04 Mn |
| Sep 30, 2013 | 92.04 Mn |
| Jun 30, 2013 | 91.20 Mn |
| Jun 30, 2013 | 91.20 Mn |
| Mar 31, 2013 | 88.05 Mn |
| Mar 31, 2013 | 88.05 Mn |
| Dec 31, 2012 | 85.55 Mn |
| Dec 31, 2012 | 85.55 Mn |
| Sep 30, 2012 | 82.62 Mn |
| Sep 30, 2012 | 82.62 Mn |
| Jun 30, 2012 | 81.43 Mn |
| Jun 30, 2012 | 81.43 Mn |
| Mar 31, 2012 | 82.97 Mn |
| Mar 31, 2012 | 82.97 Mn |
| Dec 31, 2011 | 80.16 Mn |
| Dec 31, 2011 | 80.16 Mn |
| Sep 30, 2011 | 78.94 Mn |
| Sep 30, 2011 | 78.94 Mn |
| Jun 30, 2011 | 76.76 Mn |
| Jun 30, 2011 | 76.76 Mn |
| Mar 31, 2011 | 74.78 Mn |
| Mar 31, 2011 | 74.78 Mn |
| Dec 31, 2010 | 71.46 Mn |
| Dec 31, 2010 | 71.46 Mn |
| Sep 30, 2010 | 70.15 Mn |
| Sep 30, 2010 | 70.15 Mn |
| Jun 30, 2010 | 67.70 Mn |
| Jun 30, 2010 | 67.70 Mn |