What is Corvel's net debt?

Corvel (CRVL) reported net debt of -$204.97M in Q1 2026.

How has Corvel's net debt changed year-over-year?

Corvel's net debt decreased by 43.8% year-over-year, from -$142.51M to -$204.97M.

What is the long-term trend for Corvel's net debt?

Over 5 years (2021 to 2026), Corvel's net debt has grown at a 19.2% compound annual growth rate (CAGR), from -$85.05M to -$204.97M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Corvel CRVL Net debt

Discontinued — last reported Q4 '26

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Other financials

Income statement

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Revenue$248.5M+7.4%

Gross profit$63.0M+8.3%

Net income$31.0M+17.4%

EPS (diluted)$0.61+19.6%

Balance sheet

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Cash & equivalents$233.1M+36.6%

Total debt$28.1M+0.1%

Total equity$394.2M+22.4%

Total assets$643.0M+17.8%

Cash flow

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Operating cash flow$29.5M+28.6%

CapEx$9.2M+5.9%

Free cash flow$20.3M+42.3%

Valuation

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Market cap$3.03B-51.4%

Enterprise value$2.82B-53.8%

P/E27.4×-38.0×

P/S3.2×-3.8×

Profitability

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Gross margin24.3%+0.9pp

Net margin11.5%+0.9pp

FCF margin11.5%+1.3pp

Returns & leverage

See full

Return on equity30.8%-2.6pp

Debt / equity0.1×0.0×

Current ratio2×+0.1×

Where this comes from

Calculated from Corvel’s reported figures.

$28.1Mtotal debt−$233.1Mcash and equivalents=-$204.97M

The official record: Corvel’s 10-K, filed May 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Corvel's net debt?: Corvel (CRVL) reported net debt of -$204.97M in Q1 2026.
How has Corvel's net debt changed year-over-year?: Corvel's net debt decreased by 43.8% year-over-year, from -$142.51M to -$204.97M.
What is the long-term trend for Corvel's net debt?: Over 5 years (2021 to 2026), Corvel's net debt has grown at a 19.2% compound annual growth rate (CAGR), from -$85.05M to -$204.97M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.