Corvel (CRVL) Operating Expenses (2010 - 2025)

Corvel's (CRVL) quarterly Operating Expenses came in at $22.7 million in Q4 2025, up 2.84% year-on-year from $22.1 million in Q4 2024, and up 1.83% quarter-over-quarter from $22.3 million in Q3 2025.

Corvel (CRVL) Operating Expenses (2010 - 2025) Analysis & Trends

Corvel's Operating Expenses history runs 16 years deep, the most recent figure standing at $22.7 million for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 2.84% year-over-year to $22.7 million in Q4 2025; TTM through Dec 2025 was $91.3 million, a 7.33% increase from a year earlier, with the FY2025 full-year figure at $88.9 million, up 16.07% from the prior year.
  • Operating Expenses climbed to $22.7 million in Q4 2025 per CRVL's latest filing, from $22.3 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $24.9 million in Q1 2025 and bottomed at $16.4 million in Q1 2021.
  • The 5-year median for Operating Expenses is $19.4 million (2023), against an average of $19.5 million.
  • Across the five-year window, Operating Expenses declined 11.9% in 2023 and increased 22.31% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $17.5 million in 2021, then gained by 3.55% to $18.1 million in 2022, then climbed by 9.21% to $19.8 million in 2023, then grew by 11.42% to $22.1 million in 2024, then increased by 2.84% to $22.7 million in 2025.
  • Per Business Quant, the three latest CRVL Operating Expenses figures stand at $22.7 million (Q4 2025), $22.3 million (Q3 2025), and $21.5 million (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 XChange TEC.INC 120,003.58 Bn 120,003.57 Bn - -
2 Marsh & Mclennan Companies 88.69 Bn 76.49 Bn 6.04 Bn 5.51 Bn
3 Aon 79.08 Bn 77.66 Bn - 3.32 Bn
4 Arthur J. Gallagher 65.33 Bn 63.92 Bn - 643.00 Mn
5 Willis Towers Watson 28.75 Bn 26.90 Bn 1.98 Bn 1.96 Bn
6 Brown & Brown 23.38 Bn 22.38 Bn 1.61 Bn 1.37 Bn
7 Neptune Insurance Holdings 4.19 Bn 4.18 Bn 26.44 Mn 24.35 Mn
8 Accelerant Holdings 3.22 Bn 1.68 Bn 48.00 Mn 271.30 Mn
9 Corvel 3.14 Bn 2.79 Bn 54.92 Mn 22.68 Mn
10 Baldwin Insurance 2.50 Bn 2.35 Bn - 633.50 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 22.68 Mn
Sep 30, 2025 22.28 Mn
Jun 30, 2025 21.48 Mn
Mar 31, 2025 24.86 Mn
Dec 31, 2024 22.06 Mn
Sep 30, 2024 22.08 Mn
Jun 30, 2024 20.12 Mn
Mar 31, 2024 20.81 Mn
Dec 31, 2023 19.80 Mn
Sep 30, 2023 19.54 Mn
Jun 30, 2023 16.45 Mn
Mar 31, 2023 19.36 Mn
Dec 31, 2022 18.13 Mn
Sep 30, 2022 17.55 Mn
Jun 30, 2022 18.67 Mn
Mar 31, 2022 16.79 Mn
Dec 31, 2021 17.51 Mn
Sep 30, 2021 16.66 Mn
Jun 30, 2021 16.65 Mn
Mar 31, 2021 16.37 Mn