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 | Marsh & Mclennan Companies | 84.27 Bn | 72.32 Bn | 6.04 Bn | 5.51 Bn |
| 2 | Aon | 75.99 Bn | 74.60 Bn | - | 3.32 Bn |
| 3 | Arthur J. Gallagher | 62.23 Bn | 60.85 Bn | - | 643.00 Mn |
| 4 | Willis Towers Watson | 27.24 Bn | 25.46 Bn | 1.98 Bn | 1.96 Bn |
| 5 | Brown & Brown | 23.60 Bn | 22.62 Bn | 1.61 Bn | 1.37 Bn |
| 6 | Neptune Insurance Holdings | 4.12 Bn | 4.11 Bn | 26.44 Mn | 24.35 Mn |
| 7 | Accelerant Holdings | 3.06 Bn | 1.55 Bn | 48.00 Mn | 271.30 Mn |
| 8 | Corvel | 3.03 Bn | 2.68 Bn | 54.92 Mn | 22.68 Mn |
| 9 | Baldwin Insurance | 2.43 Bn | 2.87 Bn | - | 633.50 Mn |
| 10 | Goosehead Insurance | 1.31 Bn | 1.20 Bn | - | 86.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |