Revenue Recognition (Tables)

3 Months Ended

Jun. 30, 2025

Schedule of Disaggregated Revenue by Service Line

The following table presents revenues disaggregated by service line for the three months ended June 30, 2025 and 2024:


	Three Months Ended
	June 30, 2025		June 30, 2024
Patient management services	$	146,767,000	$	139,172,000
Network solutions services		87,944,000		72,550,000
Total services	$	234,711,000	$	211,722,000

Schedule of Accounts Receivable, Net


	June 30, 2025			March 31, 2025
Billed receivables	$	65,449,000		$	65,323,000
Allowance for expected credit losses		(10,087,000	)		(7,690,000	)
Unbilled receivables		46,613,000			46,493,000
Accounts receivable, net	$	101,975,000		$	104,126,000

Schedule of Deferred Revenues Balance as of Transition Date and Significant Activity Affecting Deferred Revenues

The table below presents the deferred revenues balance and the significant activity affecting deferred revenues during the three months ended June 30, 2025:


	Three Months Ended
	June 30, 2025
Beginning balance at April 1, 2025	$	30,809,000
Additions		19,006,000
Revenue recognized from beginning of period		(9,681,000	)
Revenue recognized from additions		(9,874,000	)
Ending balance at June 30, 2025	$	30,260,000

CORVEL CORP 10-Q