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

Incannex Healthcare (IXHL) posted quarterly Free Cash Flow of -$2.4 million for Q1 2026, up 21.88% year-on-year from -$2.0 million in Q1 2025, and up 46.87% on a QoQ basis from -$4.6 million in Q4 2025.

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

Incannex Healthcare (IXHL) has reported Free Cash Flow for 4 consecutive years, with -$2.4 million the latest figure, recorded 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 climbed to -$2.4 million in Q1 2026 per IXHL's latest filing, from -$4.6 million in the prior quarter.
  • Over the last five years, Free Cash Flow for IXHL reached as high as -$1.5 million in Q2 2025 and fell as low as -$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.
  • Annual changes were most pronounced in 2024 — Free Cash Flow soared 62.4% — and 2025, when it tumbled 309.89%.
  • Year by year, Free Cash Flow stood at -$2.2 million in 2023, then plunged by 161.56% to -$5.7 million in 2024, then gained 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 87.22 Bn 85.35 Bn - -
2 Teva Pharmaceutical Industries 39.60 Bn 35.87 Bn 1.97 Bn -208.00 Mn
3 Zoetis 31.46 Bn 29.52 Bn 1.62 Bn 291.00 Mn
4 Takeda Pharmaceutical 26.49 Bn 22.44 Bn 4.39 Bn -373.37 Mn
5 United Therapeutics 23.03 Bn 20.88 Bn 648.10 Mn 363.70 Mn
6 Universe Pharmaceuticals 23.03 Bn -10.56 Bn - -
7 Viatris 20.90 Bn 19.09 Bn 1.16 Bn 348.40 Mn
8 Neurocrine Biosciences 17.50 Bn 16.19 Bn 800.70 Mn 144.40 Mn
9 Elanco Animal Health 12.33 Bn 11.91 Bn 785.00 Mn -38.00 Mn
10 Incannex Healthcare 3.63 Mn 3.63 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