CorVel Corporation
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $110.3M | $95.2M | $76.3M | $66.4M | $66.4M | $46.4M | $47.4M | $46.7M |
| Depreciation & Amortization | $31.8M | $29.5M | $26.3M | $25.1M | $23.9M | $23.4M | $22.5M | $23.0M |
| Depreciation | $31.6M | $29.2M | $25.8M | $24.7M | $23.5M | $23.0M | $22.1M | $22.5M |
| Amortization | $175.0K | $383.0K | $423.0K | $425.0K | $435.0K | $435.0K | $435.0K | $440.0K |
| Stock-Based Compensation | $5.4M | $5.7M | $5.0M | $5.6M | $5.2M | $5.0M | $4.5M | $4.3M |
| Net Cash from Operating Activities | $155.6M | $127.3M | $99.2M | $82.3M | $67.2M | $94.4M | $80.8M | $78.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $45.4M | $35.8M | $29.2M | $26.3M | $29.8M | $17.2M | $32.4M | $15.3M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-45.4M | $-35.8M | $-29.2M | $-26.3M | $-29.8M | $-17.2M | $-32.4M | $-15.3M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $56.2M | $37.6M | $45.7M | $93.7M | $90.1M | $32.7M | $65.6M | $35.2M |
| Net Cash from Financing Activities | $-47.8M | $-26.5M | $-35.8M | $-82.1M | $-79.6M | $-20.6M | $-57.0M | $-27.4M |
| Net Change in Cash | $62.5M | $65.0M | $34.2M | $-26.2M | $-42.2M | $56.5M | $-8.5M | $35.9M |
| Free Cash Flow | $110.3M | $91.6M | $70.0M | $56.0M | $37.4M | $77.1M | $48.5M | $63.4M |