Corvel (CRVL) Quarterly Income Statement

Income Statement Summary

Corvel (CRVL) quarterly income statement covering the six quarters from June 2022 to September 2023, as reported to the SEC.

Corvel reported revenues of $195.52M in the quarter ended September 30, 2023, up 10.2% from $177.43M a year earlier.
That is 2.8% higher than the June 2023 quarter.
Gross profit was $44.25M, up 22.6% from $36.09M. That is a gross margin of 22.6%.
Net income was $19.9M, up 35.8% from $14.66M. Net margin was 10.2%.
Diluted earnings per share was $1.15, up 38.6% from $0.83.
Cost of revenues took 77.4% of revenues and general and administrative expenses 10%.

An income statement shows what a company sold and what it cost to run the business, ending with the profit left over.

Figures in USD thousands, except per share data

						Sep'23	Jun'23	Mar'23	Dec'22	Sep'22	Jun'22
REVENUES
195,522	190,253	185,443	179,386	177,426	176,307	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
REVENUES						195,522	190,253	185,443	179,386	177,426	176,307	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Cost of revenues
151,270	148,375	143,492	139,041	141,332	136,438	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Cost of revenues						151,270	148,375	143,492	139,041	141,332	136,438	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Gross profit
44,252	41,878	41,951	40,345	36,094	39,869	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Gross profit						44,252	41,878	41,951	40,345	36,094	39,869	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
General and administrative expenses
19,538	16,450	19,357	18,128	17,549	18,671	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
General and administrative expenses						19,538	16,450	19,357	18,128	17,549	18,671	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Income before income tax provision
24,714	25,428	22,594	22,217	18,545	21,198	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Income before income tax provision						24,714	25,428	22,594	22,217	18,545	21,198	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Income tax provision
4,816	5,623	4,425	5,368	3,889	4,507	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Income tax provision						4,816	5,623	4,425	5,368	3,889	4,507	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
NET INCOME
19,898	19,805	18,169	16,849	14,656	16,691	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
NET INCOME						19,898	19,805	18,169	16,849	14,656	16,691	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Net income per common and common equivalent share
Basic
1.16	1.16	1.06	0.98	0.84	0.95	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Basic						1.16	1.16	1.06	0.98	0.84	0.95	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Diluted
1.15	1.14	1.04	0.96	0.83	0.94	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Diluted						1.15	1.14	1.04	0.96	0.83	0.94	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Weighted average common and common equivalent shares
Basic
17,123	17,144	17,175	17,245	17,386	17,506	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Basic						17,123	17,144	17,175	17,245	17,386	17,506	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Diluted
17,346	17,385	17,428	17,487	17,650	17,803	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Diluted						17,346	17,385	17,428	17,487	17,650	17,803	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx