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| Date | Value |
|---|---|
| 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 |