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Remaining Performance Obligations
Measures the value of contracted but unrecognized revenue from signed service agreements. High remaining performance obligations signal greater near-term revenue and cash‑flow visibility for CorVel, while declines or short contract durations can warn of weaker demand or client churn; check contract terms and margin mix to judge how valuable the backlog really is.RPOs have risen into 2026, signaling a deeper multiyear backlog driven by CERIS wins and several large payer implementations; paired with a 56% jump in bookings and growing prepaid adoption, this increases revenue visibility and supports medium‑term upside. Caveat: management flagged a timing‑related CERIS benefit and prepaid shortens recognition, so near‑term reported revenue may be lumpy—RPO growth is a positive leading indicator, but conversion depends on implementation pacing and the promised automation-driven productivity gains.
Date | Remaining Performance Obligations |
|---|---|
Jun 30, 2026 | $33.00M |
Mar 31, 2026 | $32.20M |
Dec 31, 2025 | $30.90M |
Sep 30, 2025 | $30.90M |
Jun 30, 2025 | $30.30M |
Mar 31, 2025 | $30.80M |
Dec 31, 2024 | $30.70M |
Sep 30, 2024 | $30.00M |
Jun 30, 2024 | $30.20M |
Mar 31, 2024 | $30.00M |