CRVL — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-06

• Effective July 1, 2026, Michael G. Combs, the Chief Executive Officer, President, and Chairman of the Board of Directors (the “Board”) of the Company transitioned from his role as Chief Executive Officer and President of the Company and has been appointed by the Board to serve as Executive Chair, ef…

• The Company’s revenues increased to $259.9 million in the quarter ended June 30, 2026, from $234.7 million in the quarter ended June 30, 2025, an increase of $25.2 million, or 11%. This increase resulted primarily from an increase in network solutions and patient management activity with existing cu…

• Cost of revenues increased to $192.1 million in the quarter ended June 30, 2026, from $178.0 million in the quarter ended June 30, 2025, an increase of $14.2 million, or 8%. This increase was primarily due to the increase of 11% in revenue mentioned above.

• General and administrative expense increased to $24.5 million in the quarter ended June 30, 2026, from $21.5 million in the quarter ended June 30, 2025, an increase of $3.0 million, or 14%. General and administrative expense in the quarter ended June 30, 2026 consisted of approximately 11% of revenu…

• Income tax provision increased to $11.1 million in the quarter ended June 30, 2026, from $8.0 million in the quarter ended June 30, 2025, an increase of $3.1 million, or 38%. Income before income tax provision increased to $43.3 million in the quarter ended June 30, 2026, from $35.3 million in the q…

Text removed vs the prior filing · source: 10-Q · 2026-02-05

• Because we believe we meet each of the criteria set forth above and each of our regions have similar economic characteristics, we aggregate our results of operations in one reportable operating segment: managed care.

• The Company’s revenues increased to $235.6 million in the quarter ended December 31, 2025, from $228.0 million in the quarter ended December 31, 2024, an increase of $7.7 million, or 3%. This increase resulted primarily from an increase in network solutions activity with existing customers.

• Cost of revenues increased to $180.7 million in the quarter ended December 31, 2025, from $175.1 million in the quarter ended December 31, 2024, an increase of $5.6 million, or 3%. This increase was primarily due to the increase of 3% in revenue mentioned above.

• General and administrative expense increased to $22.7 million in the quarter ended December 31, 2025, from $22.1 million in the quarter ended December 31, 2024, an increase of $0.6 million, or 3%. General and administrative expense in the quarter ended December 31, 2025 consisted of approximately th…

• Income tax provision increased to $8.1 million in the quarter ended December 31, 2025, from $7.0 million in the quarter ended December 31, 2024, an increase of $1.0 million, or 15%. Income before income tax provision increased to $32.2 million in the quarter ended December 31, 2025, from $30.8 milli…

Text added vs the prior filing · source: 10-Q · 2026-08-06

• management’s attention from pursuing our strategic objectives. In addition, the cost and operational consequences of implementing, maintaining and further enhancing our system’s protective measures could increase significantly as cybersecurity threats increase. There can be no assurance that the sec…

• A cyber-attack or other data security incident could result in the significant and protracted disruption of our business such that:

• artificial intelligence technologies may heighten our cybersecurity risks, including through the use of artificial intelligence by malicious actors seeking to identify and exploit vulnerabilities.

Text removed vs the prior filing · source: 10-Q · 2026-02-05

• security measures we employ will effectively prevent cybersecurity incidents or otherwise prevent malicious actors from obtaining access to our systems and information.

• A cyber-attack resulting in a cybersecurity incident could have a significant impact on our business for a prolonged period of time, including:

• our current level of insurance coverage is adequate for a company of our size engaged in our business. Additionally, we may have difficulty getting carriers to pay under coverage in certain circumstances.

• Chairman of the Board, Chief Executive Officer and President

Text added vs the prior filing · source: 10-Q · 2026-08-06

• management’s attention from pursuing our strategic objectives. In addition, the cost and operational consequences of implementing, maintaining and further enhancing our system’s protective measures could increase significantly as cybersecurity threats increase. There can be no assurance that the sec…

• A cyber-attack or other data security incident could result in the significant and protracted disruption of our business such that:

• artificial intelligence technologies may heighten our cybersecurity risks, including through the use of artificial intelligence by malicious actors seeking to identify and exploit vulnerabilities.

Text removed vs the prior filing · source: 10-Q · 2026-02-05

• security measures we employ will effectively prevent cybersecurity incidents or otherwise prevent malicious actors from obtaining access to our systems and information.

• A cyber-attack resulting in a cybersecurity incident could have a significant impact on our business for a prolonged period of time, including:

• our current level of insurance coverage is adequate for a company of our size engaged in our business. Additionally, we may have difficulty getting carriers to pay under coverage in certain circumstances.

• Chairman of the Board, Chief Executive Officer and President

Text added vs the prior filing · source: 10-Q · 2026-08-06

• management’s attention from pursuing our strategic objectives. In addition, the cost and operational consequences of implementing, maintaining and further enhancing our system’s protective measures could increase significantly as cybersecurity threats increase. There can be no assurance that the sec…

• A cyber-attack or other data security incident could result in the significant and protracted disruption of our business such that:

• artificial intelligence technologies may heighten our cybersecurity risks, including through the use of artificial intelligence by malicious actors seeking to identify and exploit vulnerabilities.

Text removed vs the prior filing · source: 10-Q · 2026-02-05

• security measures we employ will effectively prevent cybersecurity incidents or otherwise prevent malicious actors from obtaining access to our systems and information.

• A cyber-attack resulting in a cybersecurity incident could have a significant impact on our business for a prolonged period of time, including:

• our current level of insurance coverage is adequate for a company of our size engaged in our business. Additionally, we may have difficulty getting carriers to pay under coverage in certain circumstances.

• Chairman of the Board, Chief Executive Officer and President

Text added vs the prior filing · source: 10-Q · 2026-08-06

• management’s attention from pursuing our strategic objectives. In addition, the cost and operational consequences of implementing, maintaining and further enhancing our system’s protective measures could increase significantly as cybersecurity threats increase. There can be no assurance that the sec…

• A cyber-attack or other data security incident could result in the significant and protracted disruption of our business such that:

• artificial intelligence technologies may heighten our cybersecurity risks, including through the use of artificial intelligence by malicious actors seeking to identify and exploit vulnerabilities.

Text removed vs the prior filing · source: 10-Q · 2026-02-05

• security measures we employ will effectively prevent cybersecurity incidents or otherwise prevent malicious actors from obtaining access to our systems and information.

• A cyber-attack resulting in a cybersecurity incident could have a significant impact on our business for a prolonged period of time, including:

• our current level of insurance coverage is adequate for a company of our size engaged in our business. Additionally, we may have difficulty getting carriers to pay under coverage in certain circumstances.

• Chairman of the Board, Chief Executive Officer and President

Text removed vs the prior filing · source: 10-Q · 2026-02-05

• Chairman of the Board, Chief Executive Officer and President