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| 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 |