IXHL — Incannex Healthcare Inc.

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Nasdaq · Health Care · Pharmaceuticals · CIK 1873875 · Australia
Last close
$3.32
Market Cap
$41.65M
52W High
$19.71
52W Low
$2.49
ADV30
95,813
Next earnings
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Incannex Healthcare Inc., a clinical-stage biopharmaceutical company, engages in the research and development of psychedelic medicines and therapies for patients with chronic diseases in Australia. The company develops IHL-42X, an oral fixed dose combination of dronabinol and acetazolamide that is in Phase 2/3 clinical trial for the treatment of obstructive sleep apnea; and PSX-001, an oral synthetic psilocybin treatment in Phase 2b clinical development for patients with generalized anxiety disorder. It is also developing IHL-675A, an oral fixed dose combination drug containing synthetic cannabidiol and hydroxychloroquine sulphate to treat rheumatoid arthritis, as well as lung inflammation, acute respiratory disease, chronic obstructive pulmonary disease, asthma, bronchitis, inflammatory bowel disease, colitis, and Crohn's disease. Incannex Healthcare Inc. is headquartered in Sydney, Australia.

Quarterly Fundamentals

Revenues vs Net Income (last 4 Q)

Assets vs Liabilities (last 4 Q)

PeriodRevenuesGross profitOp incomeNet incomeAssetsCashLiabilities
Mar 2026 0 — -3,966,000 -3,883,000 80,283,000 74,450,000 5,049,000
Dec 2025 0 — -6,513,000 -6,521,000 75,006,000 68,900,000 1,600,000
Sep 2025 0 — -6,405,000 -6,407,000 78,720,000 73,280,000 1,712,000
Mar 2025 0 — -4,582,000 -3,968,000 16,197,000 6,711,000 8,794,000

Cashflow TTM (yfinance, fills SEC gap)

Operating CF
$-19,400,000
Investing CF
$-64,000
Financing CF
$80,558,000
CapEx
$-11,000
Dividends Paid
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Buybacks
$-1,138,000
EPS Diluted TTM
$-7.74
As of
2026-09-27

Balance + Analyst (yfinance extras)

Retained Earnings
$-174,367,000
Inventory
—
Receivables
$5,461,000
ST Investments
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EBIT TTM
$-20,645,000
Pretax Income TTM
$-20,779,000
Interest Exp TTM
$303,000
Analysts
1

Yahoo Snapshot (yfinance, live)

Total Revenue
$0
EBITDA
$-18,129,000
Free Cash Flow
$-9,254,625
Enterprise Value
$-25,966,838
Total Cash
$67,711,000
Total Debt
$96,000
Shares Out
12,544,627
Trailing EPS
$-1.66
Book Value
$5.50
ROE
-47.8%
ROA
-24.6%
Div Yield
—

Annual Trend (SEC EDGAR, last 4y)

Revenues vs Net Income (last 4y)

FY endRevenuesOp incomeNet incomeAssetsLiabilitiesEquityOp cash flow
Jun 2025 — — — — — — —
Jun 2024 12,000 -18,607,000 -18,459,000 17,047,000 5,830,000 11,217,000 -15,845,000
Jun 2023 0 -13,638,000 -48,811,000 23,783,000 2,958,000 20,825,000 -10,749,000
Jun 2022 0 -10,164,241 -10,252,538 26,057,735 1,383,064 24,674,670 -8,810,311

TTM Snapshot

Revenues TTM
—
NetIncome TTM
—
OpCashFlow TTM
—
Assets (Latest)
—
Forward EPS
$-1.84

Max Pain — expiry 2026-12-18 (volume-derived — Yahoo OI feed degraded)

max pain strike: $3.00 · spot: $3.32 · call volume: 1,119 · put volume: 55
Expected Move to 2026-12-18: ±$5.29 (159.34%) — implied range $-1.97 – $8.61 · ATM straddle on $3.00 strike

Peers — same industry

TickerNameMarket CapLastDaily %
BETRF BetterLife Pharma Inc. $41.03M $0.24 —
NSRX Nasus Pharma Ltd $40.76M $3.48 —
VERU VERU INC. $43.31M $2.54 —
CELU Celularity Inc $39.95M $1.38 —
JAGX Jaguar Health, Inc. $39.80M $7.70 —

News headlines (Yahoo Finance, 1h cache)

Incannex Announces First Patient Dosed in DReAMzz Phase 2 Study of IHL-42X
2026-08-25 12:46 · Yahoo
Incannex Receives Additional A$5.1 Million R&D Tax Incentive Refund, Completing More Than A$11.2 Million in Non-Dilutive Capital Received in 2026
2026-08-11 12:00 · Yahoo
Incannex Commences Participant Screening in DReAMzz Phase 2 Study of IHL-42X for Obstructive Sleep Apnea
2026-07-23 12:00 · Yahoo
Incannex (IXHL) Secures U.S. Patent Grant in Obstructive Sleep Apnea for IHL-42X
2026-07-15 08:54 · Yahoo
Incannex Healthcare Provides Corporate Update on Clinical Progress, Intellectual Property and Capital Position
2026-09-09 12:00 · Yahoo
Incannex Secures U.S. Patent Grant for IHL-42X in Obstructive Sleep Apnea
2026-06-25 12:00 · Yahoo
Incannex Receives A$6.0 Million R&D Tax Incentive Refund for FY25, Further Strengthening Balance Sheet and Financial Flexibility
2026-06-10 12:00 · Yahoo
Incannex Announces Initiation of Research Coverage by Alliance Global Partners
2026-06-09 12:00 · Yahoo
Incannex Healthcare Officially Commences DReAMzz Clinical Study for IHL-42X in Obstructive Sleep Apnea
2026-05-14 14:35 · Yahoo
Incannex Healthcare Wins MedTech Breakthrough Award for IHL-42X, Underscoring Leadership in Next-Generation Drug Development
2026-05-12 12:00 · Yahoo

Recent Insider Activity

No insider activity indexed for this ticker.