Incannex Healthcare (IXHL) Operating Expenses (2022 - 2026)
Incannex Healthcare (IXHL) recorded Operating Expenses of $5.19 million in fiscal Q4 2026 (quarter ended Jun 30, 2026), down 31.0% from $7.53 million a year earlier but up 28.2% from the prior quarter.
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Analysis
Incannex Healthcare (IXHL) Operating Expenses (2022 - 2026) Analysis & Trends
For FY2026 (ended Jun 30, 2026), Incannex Healthcare reported Operating Expenses of $23.03 million, down 3.6% from FY2025.
- Annual Operating Expenses has declined for three straight fiscal years, though with a five-year compound annual growth rate of 11.5% (FY2021 to FY2026).
- Across earlier fiscal years, Operating Expenses came in at $23.88 million in FY2025 (-20.6%), $30.05 million in FY2024 (-39.5%), $49.67 million in FY2023 (+216.5%) and $15.69 million in FY2022 (+17.6%).
- Quarterly Operating Expenses has ranged from $3.64 million in fiscal Q2 2023 to $9.76 million in fiscal Q4 2024 over the past five years.
- On a year-over-year basis, Operating Expenses rose in three of the last eight quarters, with an average decline of 8.3%.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 132.6% in fiscal Q4 2024, against a decline of 37.2% in fiscal Q2 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $4.05 million (Q3 2026), $7 million (Q2 2026) and $6.79 million (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 655.56 Bn | 574.09 Bn | 17.26 Bn | 10.12 Bn |
| 2 | AbbVie | 470.94 Bn | 444.10 Bn | 12.70 Bn | 10.56 Bn |
| 3 | Merck | 367.14 Bn | 321.57 Bn | 12.21 Bn | 12.80 Bn |
| 4 | Novartis Ag | 280.33 Bn | 236.20 Bn | 11.24 Bn | -6.09 Bn |
| 5 | Astrazeneca | 257.78 Bn | 231.34 Bn | 12.86 Bn | -9.70 Bn |
| 6 | Amgen | 226.04 Bn | 181.44 Bn | 7.24 Bn | 6.54 Bn |
| 7 | Gilead Sciences | 188.89 Bn | 163.01 Bn | 6.22 Bn | 18.20 Bn |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | 6.68 Bn |
| 9 | Vertex Pharmaceuticals | 133.68 Bn | 105.69 Bn | 2.84 Bn | 2.09 Bn |
| 10 | Incannex Healthcare | 39.52 Mn | 39.52 Mn | - | 5.19 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.19 Mn |
| Mar 31, 2026 | 4.05 Mn |
| Dec 31, 2025 | 7.00 Mn |
| Sep 30, 2025 | 6.79 Mn |
| Jun 30, 2025 | 7.53 Mn |
| Mar 31, 2025 | 5.00 Mn |
| Dec 31, 2024 | 5.02 Mn |
| Sep 30, 2024 | 6.33 Mn |
| Jun 30, 2024 | 9.76 Mn |
| Mar 31, 2024 | 7.42 Mn |
| Dec 31, 2023 | 7.98 Mn |
| Sep 30, 2023 | 4.89 Mn |
| Jun 30, 2023 | 4.19 Mn |
| Mar 31, 2023 | 3.65 Mn |
| Dec 31, 2022 | 3.64 Mn |
API Access
Incannex Healthcare Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=IXHL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "IXHL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=IXHL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();