Incannex Healthcare IXHL
NASDAQ IXHL
$3.57 -0.05 (-1.38%)
At close: Aug 21, 2026 · 4:00 PM EDT

Incannex Healthcare (IXHL) Free Cash Flow (2023 - 2026)

Incannex Healthcare (IXHL) posted Free Cash Flow of -$2.4 million for Q1 2026, up 46.87% sequentially from -$4.6 million in Q4 2025, and up 21.88% YoY from -$2.0 million in Q1 2025.

Incannex Healthcare (IXHL) Free Cash Flow (2023 - 2026) Analysis & Trends

Incannex Healthcare has reported Free Cash Flow for 4 years, with the latest figure at -$2.4 million in Q1 2026.

  • Quarterly Free Cash Flow rose 21.88% year-over-year to -$2.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$17.7 million (down 20.84% YoY) and the FY2025 annual result came in at -$12.5 million, up 22.34% from the prior year.
  • Free Cash Flow rose to -$2.4 million in Q1 2026 per IXHL's latest filing, from -$4.6 million in the prior quarter.
  • Over five years, Free Cash Flow peaked at -$1.5 million in Q2 2025 and troughed at -$9.2 million in Q3 2025.
  • A 4-year average of -$3.9 million and a median of -$3.1 million in 2025 frame the typical range for Free Cash Flow.
  • The sharpest annual moves came in 2024 and 2025: Free Cash Flow jumped 62.4% in 2024, then tumbled 309.89% in 2025.
  • Over 4 years, Free Cash Flow stood at -$2.2 million in 2023, then tumbled by 161.56% to -$5.7 million in 2024, then grew by 18.59% to -$4.6 million in 2025, then soared by 46.87% to -$2.4 million in 2026.
  • According to Business Quant data, Free Cash Flow over the past three periods registered -$2.4 million, -$4.6 million, and -$9.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Haleon 44.51 Bn 43.55 Bn - -
2 Teva Pharmaceutical Industries 43.52 Bn 39.86 Bn 2.15 Bn 307.00 Mn
3 Zoetis 32.43 Bn 30.75 Bn 1.05 Bn 538.00 Mn
4 Takeda Pharmaceutical 28.63 Bn 22.83 Bn 5.10 Bn 1.14 Bn
5 United Therapeutics 21.87 Bn 19.21 Bn 683.80 Mn 205.60 Mn
6 Viatris 18.98 Bn 18.09 Bn 1.46 Bn 329.00 Mn
7 Neurocrine Biosciences 15.43 Bn 15.04 Bn 935.80 Mn 128.60 Mn
8 Elanco Animal Health 12.02 Bn 11.49 Bn 798.00 Mn 244.00 Mn
9 Dr Reddys Laboratories 10.14 Bn 9.98 Bn - -
10 Incannex Healthcare 44.39 Mn 44.39 Mn - -2.45 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -2.45 Mn
Mar 31, 2026 -2.45 Mn
Dec 31, 2025 -4.60 Mn
Dec 31, 2025 -4.60 Mn
Sep 30, 2025 -9.20 Mn
Sep 30, 2025 -9.20 Mn
Jun 30, 2025 -1.48 Mn
Jun 30, 2025 -1.48 Mn
Mar 31, 2025 -3.13 Mn
Mar 31, 2025 -3.13 Mn
Dec 31, 2024 -5.66 Mn
Dec 31, 2024 -5.66 Mn
Sep 30, 2024 -2.25 Mn
Sep 30, 2024 -2.25 Mn
Jun 30, 2024 -3.65 Mn
Jun 30, 2024 -3.65 Mn
Mar 31, 2024 -4.35 Mn
Mar 31, 2024 -4.35 Mn
Dec 31, 2023 -2.16 Mn
Dec 31, 2023 -2.16 Mn