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

Incannex Healthcare's (IXHL) quarterly Free Cash Flow came in at -$2.4 million in Q1 2026, up 23.87% year-on-year from -$1.9 million in Q1 2025, and up 47.76% quarter-over-quarter from -$4.6 million in Q4 2025.

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

Incannex Healthcare has disclosed Free Cash Flow across 4 years of filings, most recently posting -$2.4 million for Q1 2026.

  • Free Cash Flow for Q1 2026 came in at -$2.4 million, up 23.87% year-over-year; the trailing twelve-month figure through Mar 2026 was -$17.7 million (down 20.47% YoY), and the FY2025 annual result was -$12.5 million, up 22.42% from the prior year.
  • Free Cash Flow came in at -$2.4 million for Q1 2026 at Incannex Healthcare, up from -$4.6 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of -$1.5 million in Q2 2025 to a low of -$9.2 million in Q3 2025.
  • The 4-year median for Free Cash Flow is -$3.2 million (2025), against an average of -$3.9 million.
  • Across the five-year window, Free Cash Flow surged 63.15% in 2024 and plunged 318.27% in 2025, its largest moves.
  • Incannex Healthcare's Free Cash Flow stood at -$2.2 million in 2023, then plunged by 162.35% to -$5.7 million in 2024, then advanced by 18.83% to -$4.6 million in 2025, then surged by 47.76% to -$2.4 million in 2026.
  • The last three Free Cash Flow figures came in at -$2.4 million (Q1 2026), -$4.6 million (Q4 2025), and -$9.2 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Teva Pharmaceutical Industries 39.72 Bn 35.98 Bn 1.97 Bn -208.00 Mn
2 Zoetis 34.61 Bn 32.67 Bn 1.62 Bn 291.00 Mn
3 United Therapeutics 24.07 Bn 21.91 Bn 648.10 Mn 362.50 Mn
4 Aurora Cannabis 16.98 Bn 16.91 Bn 33.43 Mn -
5 Neurocrine Biosciences 16.64 Bn 15.32 Bn 800.70 Mn 136.70 Mn
6 Elanco Animal Health 12.19 Bn 11.76 Bn 785.00 Mn -38.00 Mn
7 Alkermes 7.37 Bn 6.86 Bn -116.06 Mn -169.83 Mn
8 Hims & Hers Health 6.62 Bn 5.87 Bn 396.79 Mn 80.53 Mn
9 Lantheus Holdings 6.47 Bn 5.97 Bn 230.92 Mn 123.09 Mn
10 Incannex Healthcare 45.81 Mn 45.81 Mn - -2.41 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -2.41 Mn
Mar 31, 2026 -2.41 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 -1.47 Mn
Jun 30, 2025 -1.47 Mn
Mar 31, 2025 -3.16 Mn
Mar 31, 2025 -3.16 Mn
Dec 31, 2024 -5.67 Mn
Dec 31, 2024 -5.67 Mn
Sep 30, 2024 -2.20 Mn
Sep 30, 2024 -2.20 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