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Incannex Healthcare Limited

$3.29 -$8.41 (-71.88%)
NASDAQ · 14 Sep 2026 20:00 UTC
Previous Close
$3.26
Day Range
$3.26$3.37
Year Range
$2.49$20.31
Market Cap
39.36M
AVG Volume
194.89K
Trailing/Forward PE
-2.57/-
PEG ratio
-0.05
Dividend Yield
-
Next Earnings Date
2026-09-15
Primary Exchange
NASDAQUS
Revenue (USD)
-50K050K100K150K24 Q124 Q224 Q324 Q425 Q225 Q225 Q325 Q426 Q226 Q3
IXHL Revenue (USD) by quarter
PeriodRevenue (USD)
26 Q30
26 Q20
25 Q466.62K
25 Q30
25 Q20
25 Q2108.99K
24 Q412K
24 Q30
24 Q2-5.96K
24 Q10
Net Income (USD)
-40M-30M-20M-10M024 Q124 Q224 Q324 Q425 Q225 Q225 Q325 Q426 Q226 Q3
IXHL Net Income (USD) by quarter
PeriodNet Income (USD)
26 Q3-3.88M
26 Q2-6.52M
25 Q4-35.57M
25 Q3-3.97M
25 Q2-3.97M
25 Q2-7.98M
24 Q4-6.46M
24 Q3-9.29M
24 Q2-726K
24 Q1-1.13M
Operating Income (USD)
-20M-15M-10M-5M024 Q124 Q224 Q324 Q425 Q225 Q225 Q325 Q426 Q226 Q3
IXHL Operating Income (USD) by quarter
PeriodOperating Income (USD)
26 Q3-4.05M
26 Q2-7M
25 Q4-18.79M
25 Q3-5M
25 Q2-5M
25 Q2-9.21M
24 Q4-7.42M
24 Q3-11.42M
24 Q2-7.5M
24 Q1-7.64M
EBITDA (USD)
-40M-30M-20M-10M024 Q124 Q224 Q324 Q425 Q225 Q225 Q325 Q426 Q226 Q3
IXHL EBITDA (USD) by quarter
PeriodEBITDA (USD)
26 Q3-3.89M
26 Q2-6.46M
25 Q4-39.05M
25 Q3-3.84M
25 Q2-3.84M
25 Q2-7.92M
24 Q4-6.01M
24 Q3-9.26M
24 Q2-7.68M
24 Q1-1.22M
Cash Flows (USD)
-10M-7.5M-5M-2.5M021 Q422 Q222 Q423 Q223 Q424 Q224 Q425 Q225 Q426 Q2
IXHL Cash Flows (USD) by quarter
PeriodCash Flows (USD)
26 Q2-9.21M
25 Q4-1.03M
25 Q2-3.16M
24 Q4-3.65M
24 Q2-2.16M
23 Q4-8.34M
23 Q2-8.12M
22 Q4-3.73M
22 Q2-2.69M
21 Q4-4.34M
EPS (USD)
-1.5-1-0.5024 Q124 Q224 Q324 Q425 Q225 Q225 Q325 Q426 Q226 Q3
IXHL EPS (USD) by quarter
PeriodEPS (USD)
26 Q3-0.35
26 Q2-0.6
25 Q4-0.69
25 Q3-0.6
25 Q2-0.64
25 Q2-0.87
24 Q4-1.14
24 Q3-1.14
24 Q2-0.08
24 Q1-0.24
Expenses (USD)
-5M05M10M15M20MR&DSG&ACapex24 Q124 Q224 Q324 Q425 Q225 Q225 Q325 Q426 Q226 Q3
IXHL Expenses (USD) by quarter
PeriodExpenses (USD)
23 Q4317.65K
23 Q2162.62K
22 Q45
22 Q20
21 Q40
26 Q34.05M
26 Q27.06M
25 Q418.8M
25 Q35M
25 Q214.32M
24 Q414.45M
24 Q311.42M
24 Q211.76M
24 Q17.64M
Cash & Debt (USD)
020M40M60M80MCashLong Term DebtShort Term Debt22 Q222 Q423 Q223 Q424 Q224 Q425 Q225 Q426 Q226 Q3
IXHL Cash & Debt (USD) by quarter
PeriodCash & Debt (USD)
26 Q374.45M
26 Q268.9M
25 Q415.04M
25 Q22.1M
24 Q45.86M
24 Q214.55M
23 Q433.29M
23 Q241.38M
22 Q437.63M
22 Q219.82M
Debt ratios
-1012322 Q222 Q423 Q223 Q424 Q224 Q425 Q225 Q426 Q226 Q3
IXHL Debt ratios by quarter
PeriodDebt ratios
26 Q31.4
26 Q21.29
25 Q40.27
25 Q2-0.07
24 Q40.23
24 Q20.6
23 Q40.43
23 Q20.57
22 Q42.59
22 Q21.93
Margins
-200%-100%0%100%200%21 Q221 Q321 Q422 Q222 Q322 Q424 Q224 Q425 Q225 Q4
IXHL Margins by quarter
PeriodMargins
25 Q4-192.7%
25 Q2100%
24 Q4100%
24 Q2100%
22 Q478.53%
22 Q3121.47%
22 Q2119.85%
21 Q448.08%
21 Q348.08%
21 Q227.28%
Return on Capital
-600%-400%-200%0%200%400%22 Q222 Q423 Q223 Q424 Q224 Q425 Q225 Q426 Q226 Q3
IXHL Return on Capital by quarter
PeriodReturn on Capital
26 Q3-5.16%
26 Q2-8.88%
25 Q4-265.68%
25 Q2-411.19%
24 Q4-57.6%
24 Q2-3.85%
23 Q4227.03%
23 Q2-6.69%
22 Q4-13.46%
22 Q2-27.12%
Shares Outstanding
05M10M15M24 Q124 Q224 Q324 Q425 Q225 Q225 Q325 Q426 Q226 Q3
IXHL Shares Outstanding by quarter
PeriodShares Outstanding
26 Q312.35M
26 Q211.65M
25 Q410.34M
25 Q36.54M
25 Q25.87M
25 Q25.88M
24 Q45.68M
24 Q35.29M
24 Q25.29M
24 Q15.29M
Book Value Per Share (USD)
0510152022 Q222 Q423 Q223 Q424 Q224 Q425 Q225 Q426 Q226 Q3
IXHL Book Value Per Share (USD) by quarter
PeriodBook Value Per Share (USD)
26 Q36.09
26 Q26.3
25 Q41.29
25 Q20.16
24 Q41.98
24 Q23.57
23 Q46.02
23 Q218.2
22 Q43.5
22 Q22.04
Total Assets (USD)
025M50M75M100M22 Q222 Q423 Q223 Q424 Q224 Q425 Q225 Q426 Q226 Q3
IXHL Total Assets (USD) by quarter
PeriodTotal Assets (USD)
26 Q380.28M
26 Q275.01M
25 Q420.45M
25 Q211.11M
24 Q417.05M
24 Q222.36M
23 Q435.8M
23 Q294.72M
22 Q438.01M
22 Q220.06M
Employee Count
0510152022202320242025
IXHL Employee Count by quarter
PeriodEmployee Count
202512
20249
202310
20225
PE Ratio
0102030med 7.92Dec 23Jan 24Mar 24May 24Jun 24Aug 24Sep 24
IXHL PE Ratio by quarter
PeriodPE Ratio
Sep 245.34
Sep 245.16
Sep 244.31
Sep 244.39
Aug 244.66
Aug 244.66
Aug 244.07
Aug 245.48
Aug 244.86
Jul 245.73
Jul 245.95
Jul 247.26
Jul 247.32
Jun 247.78
Jun 249.26
Jun 248.78
Jun 248.6
May 247.49
May 247.35
May 246.61
May 246.3
May 245.93
Apr 245.51
Apr 245.9
Apr 247.39
Apr 248.06
Mar 248.91
Mar 246.85
Mar 247.74
Mar 2410.35
Mar 2413.59
Feb 2411.83
Feb 2411.54
Feb 248.58
Feb 248.74
Jan 2410.16
Jan 2410.97
Jan 2411.68
Jan 2411.13
Dec 2312.6
Dec 2310.67
Dec 2310.43
Dec 2315.02
Dec 2314.2
Nov 2325.5
Nov 2322.1
Nov 2328.18
Nov 2327.03
Price to Sales
020000400006000080000med 702.13Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
IXHL Price to Sales by quarter
PeriodPrice to Sales
Sep 26609.86
Sep 26604.3
Sep 26602.45
Aug 26674.74
Aug 26661.76
Aug 26608.01
Aug 26585.76
Jul 26544.98
Jul 26546.83
Jul 26587.62
Jul 26628.4
Jul 26735.91
Jun 26633.96
Jun 26659.91
Jun 26709.96
Jun 26541.27
May 26620.98
May 26652.49
May 26734.06
May 26800.88
May 26795.64
Apr 26704.71
Apr 26638.26
Apr 26545.58
Apr 26507.11
Mar 26566.56
Mar 26522.85
Mar 26568.31
Mar 26681.97
Feb 26741.43
Feb 261468.87
Feb 261411.16
Feb 26508.93
Jan 26547.21
Jan 26607.89
Jan 26666.2
Jan 26699.78
Jan 26689.17
Dec 25704.49
Dec 25773.99
Dec 25747.49
Dec 25806.98
Nov 25636.75
Nov 25556.05
Nov 25622.61
Nov 25615.54
Oct 25666.2
Oct 25617.31
Oct 25615.54
Oct 25692.12
Oct 25851.16
Sep 25965.53
Sep 25851.4
Sep 25888.72
Sep 25851.94
Aug 251069.38
Aug 25954.17
Aug 25616.64
Aug 25717.25
Aug 25625.84
Jul 251703.87
Jul 25989.87
Jul 25357.54
Jul 25339.69
Jun 25329.96
Jun 25355.38
Jun 25334.82
Jun 25291.01
May 25340.77
May 25353.22
May 25421.91
May 25165.58
May 25193.25
Apr 25846.33
Apr 25874.01
Apr 25916.26
Apr 25757.48
Mar 251019.68
Mar 251207.11
Mar 251077.95
Mar 251267.32
Feb 251849.99
Feb 252345.26
Feb 252592.9
Feb 253221.15
Jan 252561.58
Jan 252684.29
Jan 252960.39
Jan 252837.68
Jan 252991.07
Dec 242991.07
Dec 242576.92
Dec 242853.02
Dec 242500.23
Nov 242730.31
Nov 243037.59
Nov 243067.76
Nov 2478202.83
Nov 2473121.06
Oct 2463804.47
Price to Book
0100200300400med 10.87May 23Apr 24Mar 25Nov 25Feb 26Jun 26Sep 26
IXHL Price to Book by quarter
PeriodPrice to Book
Sep 260.54
Sep 260.54
Sep 260.53
Aug 260.6
Aug 260.59
Aug 260.54
Aug 260.52
Jul 260.48
Jul 260.48
Jul 260.52
Jul 260.56
Jul 260.65
Jun 260.56
Jun 260.58
Jun 260.63
Jun 260.48
May 260.55
May 260.58
May 260.65
May 260.73
May 260.72
Apr 260.64
Apr 260.58
Apr 260.5
Apr 260.46
Mar 260.51
Mar 260.47
Mar 260.52
Mar 260.62
Feb 260.67
Feb 261.33
Feb 261.28
Feb 266.67
Jan 267.18
Jan 267.97
Jan 268.74
Jan 269.18
Jan 269.04
Dec 259.24
Dec 2510.15
Dec 259.8
Dec 2510.58
Nov 258.35
Nov 257.29
Nov 258.17
Nov 258.07
Oct 258.74
Oct 258.1
Oct 258.07
Oct 259.08
Oct 2511.16
May 2520.76
May 2524.23
Apr 25106.11
Apr 25109.58
Apr 25114.88
Apr 2594.97
Mar 25127.84
Mar 25151.34
Mar 25135.15
Mar 25158.89
Feb 25231.94
Feb 25294.04
Feb 25325.09
Nov 2442.07
Nov 2439.34
Oct 2434.33
Oct 2435.85
Oct 2424.26
Oct 2424.91
May 2421.36
May 2420.1
Apr 2418.67
Apr 2420.02
Apr 2425.06
Apr 2427.34
Mar 2430.2
Mar 2423.21
Mar 2426.24
Mar 2435.07
Mar 2446.09
Feb 2440.12
Feb 2439.11
Nov 2331.78
Nov 2327.54
Nov 2335.11
Nov 2333.68
May 2320.42
May 2320.71
May 2318.95
May 2318.84
Apr 2321.52
Apr 2320.88
Apr 2320.73
Apr 2322.03
Mar 2321.79
Mar 2319.44
Mar 2318.9
Mar 2323.13
Mar 2323.95
Incannex Healthcare Limited
IXHL
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News: IXHL

Incannex Healthcare Provides Corporate Update on Clinical Progress, Intellectual Property and Capital Position

globenewswire.com · 9 Sep 2026

Incannex Healthcare Provides Corporate Update on Clinical Progress, Intellectual Property and Capital Position

Patient dosing commenced in the DReAMzz Phase 2 dose-optimization study of IHL-42X in obstructive sleep apnea U.S. composition and methods of treatment patent granted covering IHL-42X with baseline expiry in 2040 Approximately $70 million in cash and no debt, including more than A$11.2 million in non-dilutive capital received during 2026 NEW YORK and MELBOURNE, Australia, Sept. 09, 2026 (GLOBE NEWSWIRE) -- Incannex Healthcare Inc. (Nasdaq: IXHL) ("Incannex" or the "Company"), a clinical-stage biopharmaceutical company developing innovative combination therapies for high-impact indications, today provides a corporate update reporting the dosing of the first patient in its DReAMzz Phase 2 study of IHL-42X in obstructive sleep apnea, the grant of a U.S. composition patent covering IHL-42X, and a cash position of approximately $70 million with no debt.

Incannex Announces First Patient Dosed in DReAMzz Phase 2 Study of IHL-42X

globenewswire.com · 25 Aug 2026

Incannex Announces First Patient Dosed in DReAMzz Phase 2 Study of IHL-42X

First patient dosing represents another major clinical milestone for IHL-42X, building on positive Phase 2 RePOSA results demonstrating reductions in AHI of up to 83% and FDA Fast Track designation First patient dosing represents another major clinical milestone for IHL-42X, building on positive Phase 2 RePOSA results demonstrating reductions in AHI of up to 83% and FDA Fast Track designation

Incannex Commences Participant Screening in DReAMzz Phase 2 Study of IHL-42X for Obstructive Sleep Apnea

globenewswire.com · 23 Jul 2026

Incannex Commences Participant Screening in DReAMzz Phase 2 Study of IHL-42X for Obstructive Sleep Apnea

MELBOURNE, Australia and NEW YORK, July 23, 2026 (GLOBE NEWSWIRE) -- Incannex Healthcare Inc. (Nasdaq: IXHL) (“Incannex” or the “Company”), a clinical-stage biopharmaceutical company developing innovative therapies for high-impact indications, is pleased to announce that participant screening has commenced in the Company's DReAMzz Phase 2 dose confirmation study evaluating IHL-42X for the treatment of obstructive sleep apnea (“OSA”). IHL-42X has previously been granted Fast Track designation by the U.S. Food and Drug Administration (“FDA”), underscoring its potential to address the significant unmet medical need in OSA and providing opportunities for more frequent interactions with the FDA throughout the development process, supporting a potentially expedited pathway towards regulatory review.

Incannex Secures U.S. Patent Grant for IHL-42X in Obstructive Sleep Apnea

globenewswire.com · 25 Jun 2026

Incannex Secures U.S. Patent Grant for IHL-42X in Obstructive Sleep Apnea

MELBOURNE, Australia and NEW YORK, June 25, 2026 (GLOBE NEWSWIRE) -- Incannex Healthcare Inc. (Nasdaq: IXHL) (“Incannex” or the “Company”), a clinical-stage biopharmaceutical company developing innovative combination therapies for high-impact indications, today announced that the United States Patent and Trademark Office (USPTO) has granted a key patent titled “Compositions and Methods of Treatment for Obstructive Sleep Apnea.” The granted patent includes claims directed to the proprietary IHL-42X composition and its associated therapeutic methods for the treatment of Obstructive Sleep Apnea (OSA).

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