Incannex Healthcare Inc. (IXHL)
| Market Cap | 45.82M +122.3% |
| Revenue (ttm) | n/a +616.7% |
| Net Income | -48.41M |
| EPS | -5.22 |
| Shares Out | 11.96M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 359,656 |
| Open | 3.810 |
| Previous Close | 3.820 |
| Day's Range | 3.745 - 4.170 |
| 52-Week Range | 2.490 - 49.800 |
| Beta | 2.84 |
| Analysts | Strong Buy |
| Price Target | 17.80 (+364.75%) |
| Earnings Date | May 15, 2026 |
About IXHL
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 fixe... [Read more]
Financial Performance
In fiscal year 2025, Incannex Healthcare's revenue was $86,000, an increase of 616.67% compared to the previous year's $12,000. Losses were -$46.89 million, 154.0% more than in 2024.
Financial StatementsAnalyst Summary
According to one analyst, the rating for IXHL stock is "Strong Buy" and the 12-month stock price target is $17.8.
News
Incannex receives A$6.04M tax incentive refund
Incannex (IXHL) announced that it has received A$6.04M under the Australian Government’s Research and Development Tax Incentive Program. The company also expects to receive an additional approximately...
Incannex Receives A$6.0 Million R&D Tax Incentive Refund for FY25, Further Strengthening Balance Sheet and Financial Flexibility
In addition to the A$6.0 million refund received, the Company expects a further approximately A$5.1 million in R&D Tax Incentive proceeds later this year, bringing total expected non-dilutive funding ...
Incannex Announces Initiation of Research Coverage by Alliance Global Partners
MELBOURNE, Australia and NEW YORK, June 09, 2026 (GLOBE NEWSWIRE) -- Incannex Healthcare Inc. (Nasdaq: IXHL) (“Incannex” or the “Company”), a clinical-stage biopharmaceutical company advancing innovat...
Incannex initiated with a Buy at Alliance Global
Alliance Global analyst James Molloy initiated coverage of Incannex (IXHL) with a Buy rating and $18 price target based primarily on expectations for lead programs IHL-42X for obstructive sleep apnea…
Incannex Healthcare Quarterly report: Q3 2026
Incannex Healthcare has published its Q3 2026 quarterly earnings report on May 15, 2026.
Incannex commences DReaMzz clinical study of IHL-42X in OSA
Incannex (IXHL) Healthcare announced the official commencement of its DReAMzz clinical study evaluating IHL-42X for the treatment of obstructive sleep apnea. The Company has now completed extensive si...
Incannex Healthcare Officially Commences DReAMzz Clinical Study for IHL-42X in Obstructive Sleep Apnea
Major operational milestone achieved as Incannex advances late-stage development of IHL-42X, with all clinical sites identified and trial infrastructure activated Major operational milestone achieved ...
Incannex Healthcare Wins MedTech Breakthrough Award for IHL-42X, Underscoring Leadership in Next-Generation Drug Development
MELBOURNE, Australia and NEW YORK, May 12, 2026 (GLOBE NEWSWIRE) -- Incannex Healthcare Inc. (Nasdaq: IXHL), a clinical-stage biopharmaceutical company advancing innovative combination therapies for h...
Incannex Healthcare Recognized for Innovative Drug Development Solutions by MedTech Breakthrough
Landmark 10th Annual Awards Program Recognizes the Most Innovative Digital Health and Medical Technology Solutions Worldwide Landmark 10th Annual Awards Program Recognizes the Most Innovative Digital ...
Incannex Healthcare PSX-001 Program Aligns with White House Executive Order Accelerating Access to Psychedelic Treatments for Serious Mental Illness
MELBOURNE, Australia and NEW YORK, April 22, 2026 (GLOBE NEWSWIRE) -- Incannex Healthcare Inc. (Nasdaq: IXHL), a clinical-stage biopharmaceutical company developing innovative combination therapies, t...
Incannex reactivates share repurchase program
Incannex (IXHL) announced that it has reactivated its previously approved share repurchase program, with the program having been active over the past two trading days. The company has utilized the…
Incannex Reactivates Share Repurchase Program, Underscoring Confidence in Valuation and Strategic Position
Board initiates buyback activity following period of inactivity, with repurchases executed over the past two trading days Board initiates buyback activity following period of inactivity, with repurcha...
Incannex enters partnership agreement with American Academy of Sleep Medicine
Incannex (IXHL) announced it has entered into a partnership agreement with the American Academy of Sleep Medicine, or AASM, Foundation. Through this partnership, Incannex has joined the AASM Foundatio...
Incannex Healthcare Announces Partnership with the AASM Foundation in Support of Sleep Apnea Research
MELBOURNE, Australia and NEW YORK, March 25, 2026 (GLOBE NEWSWIRE) -- Incannex Healthcare Inc. (Nasdaq: IXHL), a clinical-stage biopharmaceutical company developing combination therapies for high-impa...
Incannex reports balance sheet with $75M in cash, no debt
Incannex (IXHL) Healthcare reported that it holds approximately $75 million in cash with no debt, following the completion of its recently announced financing led by dedicated healthcare-focused insti...
Incannex Highlights Strong Balance Sheet with Approximately $75 Million in Cash and No Debt as Company Advances IHL-42X Development
MELBOURNE, Australia and NEW YORK, March 18, 2026 (GLOBE NEWSWIRE) -- Incannex Healthcare Inc. (Nasdaq: IXHL), a clinical-stage biopharmaceutical company developing combination therapies for high-impa...
Incannex regains compliance with Nasdaq minimum bid price rule
Incannex (IXHL) Healthcare has regained compliance with the Nasdaq minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The Company received written confirmation from The Nasdaq Stock M...
Incannex Regains Compliance with Nasdaq Minimum Bid Price Requirement
MELBOURNE, Australia and NEW YORK, March 17, 2026 (GLOBE NEWSWIRE) -- Incannex Healthcare Inc. (Nasdaq: IXHL), a clinical-stage biopharmaceutical company developing combination therapies for high-impa...
Incannex prices 2M shares at $5.00 in registered direct offering
Incannex (IXHL) Healthcare entered into a securities purchase agreement with healthcare-dedicated institutional investors for the issuance and sale of 2,000,000 shares of its common stock and accompan...
Incannex announces enhanced development strategy for IHL-42X
Incannex (IXHL) Healthcare announced an enhanced clinical development strategy for IHL-42X, its lead oral drug candidate for the treatment of obstructive sleep apnea, OSA, following statistically sign...
Incannex Healthcare Inc. Announces Pricing of $10 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
NEW YORK and MELBOURNE, Australia, March 12, 2026 (GLOBE NEWSWIRE) -- Incannex Healthcare Inc. (Nasdaq: IHXL), ("Incannex" or the “Company") a clinical-stage biopharmaceutical company leading the way ...
Incannex Healthcare Inc trading halted, news pending
19:50 EST Incannex (IXHL) Healthcare Inc trading halted, news pending
Incannex board approves 1-for-30 reverse stock split
Incannex (IXHL) Healthcare announced that the board of directors of the Company approved a 1-for-30 reverse stock split of the Company’s common stock. The Reverse Split was approved by the…
Incannex Announces Reverse Stock Split
Incannex's common stock is expected to begin trading on a post-split adjusted basis on February 27, 2026 Incannex's common stock is expected to begin trading on a post-split adjusted basis on February...
Incannex Healthcare Slides: Investor presentation
Incannex Healthcare has posted slides in relation to its latest quarterly earnings report, which was published on February 20, 2026.