Corvel (CRVL) Cost of Revenue (2010 - 2025)

Corvel's (CRVL) 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 (CRVL) Cost of Revenue (2010 - 2025) Analysis & Trends

Corvel's Cost of Revenue history runs 16 years deep, the most recent figure standing at $180.7 million for Q4 2025.

  • On a quarterly basis, Cost of Revenue rose 3.19% year-over-year to $180.7 million in Q4 2025; TTM through Dec 2025 was $713.5 million, a 5.52% increase from a year earlier, with the FY2025 full-year figure at $685.9 million, up 9.98% from the prior year.
  • Cost of Revenue held at $180.7 million in Q4 2025 per CRVL's latest filing, from $181.5 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $181.5 million in Q3 2025 and bottomed at -$184.4 million in Q1 2023.
  • The 5-year median for Cost of Revenue is $149.8 million (2023), against an average of $134.3 million.
  • Across the five-year window, Cost of Revenue plunged 243.69% in 2023 and surged 188.86% in 2024, its largest moves.
  • Year by year, Cost of Revenue stood at $129.3 million in 2021, then advanced by 7.52% to $139.0 million in 2022, then gained by 15.18% to $160.1 million in 2023, then climbed by 9.35% to $175.1 million in 2024, then increased by 3.19% to $180.7 million in 2025.
  • Per Business Quant, the three latest CRVL Cost of Revenue figures stand at $180.7 million (Q4 2025), $181.5 million (Q3 2025), and $178.0 million (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 XChange TEC.INC 120,003.58 Bn 120,003.57 Bn - -
2 Marsh & Mclennan Companies 87.96 Bn 75.75 Bn 6.04 Bn 1.36 Bn
3 Aon 78.60 Bn 77.19 Bn - -
4 Arthur J. Gallagher 65.15 Bn 63.73 Bn - -
5 Willis Towers Watson 28.74 Bn 26.89 Bn 1.98 Bn 385.00 Mn
6 Brown & Brown 23.32 Bn 22.32 Bn 1.61 Bn 289.00 Mn
7 Neptune Insurance Holdings 4.24 Bn 4.23 Bn 26.44 Mn 11.35 Mn
8 Accelerant Holdings 3.26 Bn 1.72 Bn 48.00 Mn 81.80 Mn
9 Corvel 3.10 Bn 2.76 Bn 54.92 Mn 180.71 Mn
10 Baldwin Insurance 2.55 Bn 2.40 Bn - -

Historic Data

Download Data
DateValue
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