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

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

• In Q4 2025, Cost of Revenue rose 3.19% year-over-year to $180.7 million; the TTM figure through Dec 2025 stood at $713.5 million (up 5.52% YoY), while the FY2025 annual figure was $685.9 million, up 9.98% from the prior year.
• Cost of Revenue was $180.7 million for Q4 2025 at Corvel, roughly flat from $181.5 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $181.5 million in Q3 2025 to a low of $109.8 million in Q1 2021.
• Historically, Cost of Revenue has averaged $150.7 million across 5 years, with a median of $149.8 million in 2023.
• The sharpest annual moves came in 2021 and 2022: Cost of Revenue decreased 5.58% in 2021, then rose 18.22% in 2022.
• A 5-year view of Cost of Revenue shows it 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.
• 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.