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Incannex Healthcare Limited

$3.49 -$8.21 (-70.17%)
NASDAQ · 15 Sep 2026 16:23 UTC
Previous Close
$3.29
Day Range
$3.37$3.51
Year Range
$2.49$20.31
Market Cap
41.76M
AVG Volume
194.89K
Trailing/Forward PE
-2.67/-
PEG ratio
-0.05
Dividend Yield
-
Next Earnings Date
2026-09-15
Primary Exchange
NASDAQUS
Revenue (USD)
01M2M3M201620172018201920212022202320242025
IXHL Revenue (USD) by year
PeriodRevenue (USD)
2025175.6K
20246.04K
20230
20221.08M
20212.23M
20191.61M
20181.4M
2017249.26K
201680.82K
Net Income (USD)
-75M-50M-25M025M50M201620172018201920212022202320242025
IXHL Net Income (USD) by year
PeriodNet Income (USD)
2025-51.49M
2024-17.61M
202339.06M
2022-15.65M
2021-9.93M
2019-3.7M
2018-4.19M
2017-18.28M
2016-646.71K
Operating Income (USD)
-100M-75M-50M-25M0201620172018201920212022202320242025
IXHL Operating Income (USD) by year
PeriodOperating Income (USD)
2025-38M
2024-33.98M
2023-99.56M
2022-16M
2021-10.8M
2019-3.25M
2018-4.16M
2017-2.33M
2016-576.82K
EBITDA (USD)
-80M-60M-40M-20M0201620172018201920212022202320242025
IXHL EBITDA (USD) by year
PeriodEBITDA (USD)
2025-54.64M
2024-24.18M
2023-76.45M
2022-14.51M
2021-9.46M
2019-2.52M
2018-4.28M
2017-22.13M
2016-576.82K
Cash Flows (USD)
-20M-15M-10M-5M0201620172018201920212022202320242025
IXHL Cash Flows (USD) by year
PeriodCash Flows (USD)
2025-4.19M
2024-5.81M
2023-16.47M
2022-6.42M
2021-7.04M
2019-1.04M
2018-2.3M
2017-2.02M
2016-334.33K
EPS (USD)
-30-20-100201620172018201920212022202320242025
IXHL EPS (USD) by year
PeriodEPS (USD)
2025-2.8
2024-2.6
2023-5.84
2022-1.57
2021-1.19
2019-0.39
2018-1.77
2017-24.7
2016-1.14
Expenses (USD)
-20M020M40M60MR&DSG&ACapex201620172018201920212022202320242025
IXHL Expenses (USD) by year
PeriodExpenses (USD)
202538.13M
202445.27M
202344.19M
202217.35M
202114.02M
20192.5M
20185.04M
20173.69M
2016873.47K
Cash & Debt (USD)
010M20M30M40MCashLong Term DebtShort Term Debt201620172018201920212022202320242025
IXHL Cash & Debt (USD) by year
PeriodCash & Debt (USD)
202515.04M
20245.86M
202333.29M
202237.63M
20219.12M
201993.72K
2018229.58K
2017508.74K
20164.57K
Debt ratios
00.511.5201920212022202320242025
IXHL Debt ratios by year
PeriodDebt ratios
20250.09
20240.04
20230.32
20221.22
20210.24
20190
Margins
-100%-50%0%50%100%20162017201820192021202220242025
IXHL Margins by year
PeriodMargins
2025-11.04%
2024100%
202299.4%
202138.29%
2019-9.59%
201848.2%
2017-83.13%
201628.21%
Return on Capital
-5000%0%5000%10000%15000%201620172018201920212022202320242025
IXHL Return on Capital by year
PeriodReturn on Capital
2025-384.57%
2024-156.98%
2023124.61%
2022-43.47%
2021-115.87%
2019882.54%
20181086.46%
201710787.03%
201692.34%
Shares Outstanding
05M10M15M201620172018201920212022202320242025
IXHL Shares Outstanding by year
PeriodShares Outstanding
202510.34M
20245.68M
20235.21M
202210.29M
20218.77M
20193.57M
20182.27M
20171.43M
2016735.95K
Book Value Per Share (USD)
-202468201620172018201920212022202320242025
IXHL Book Value Per Share (USD) by year
PeriodBook Value Per Share (USD)
20251.29
20241.98
20236.02
20223.5
20210.98
2019-0.12
2018-0.17
2017-0.12
2016-0.95
Total Assets (USD)
010M20M30M40M201620172018201920212022202320242025
IXHL Total Assets (USD) by year
PeriodTotal Assets (USD)
202520.45M
202417.05M
202335.8M
202238.01M
20219.32M
2019520.05K
2018711.51K
20171M
2016344.94K
Employee Count
0510152022202320242025
IXHL Employee Count by year
PeriodEmployee Count
202512
20249
202310
20225
PE Ratio
0102030med 7.92Dec 23Jan 24Mar 24May 24Jun 24Aug 24Sep 24
IXHL PE Ratio by year
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 year
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 year
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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