Incannex Healthcare (IXHL) Operating Income (2022 - 2026)

Incannex Healthcare's (IXHL) quarterly Operating Income came in at -$4.0 million in Q1 2026, up 19.09% year-on-year from -$3.4 million in Q1 2025, and up 42.13% quarter-over-quarter from -$7.0 million in Q4 2025.

Incannex Healthcare (IXHL) Operating Income (2022 - 2026) Analysis & Trends

Incannex Healthcare has disclosed Operating Income across 5 years of filings, most recently posting -$4.0 million for Q1 2026.

  • Operating Income for Q1 2026 came in at -$4.0 million, up 19.09% year-over-year; the trailing twelve-month figure through Mar 2026 was -$25.4 million (up 2.46% YoY), and the FY2025 annual result was -$23.8 million, up 20.81% from the prior year.
  • Operating Income came in at -$4.0 million for Q1 2026 at Incannex Healthcare, up from -$7.0 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of -$3.6 million in Q4 2022 to a low of -$9.7 million in Q2 2024.
  • The 5-year median for Operating Income is -$5.6 million (2024), against an average of -$5.9 million.
  • Peak annual rise in Operating Income reached 37.32% in 2024, while the deepest fall reached 132.33% in 2024.
  • Incannex Healthcare's Operating Income stood at -$3.6 million in 2022, then tumbled by 119.37% to -$8.0 million in 2023, then surged by 37.32% to -$5.0 million in 2024, then sank by 39.79% to -$7.0 million in 2025, then surged by 42.13% to -$4.0 million in 2026.
  • The last three Operating Income figures came in at -$4.0 million (Q1 2026), -$7.0 million (Q4 2025), and -$6.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Teva Pharmaceutical Industries 39.72 Bn 35.98 Bn 1.97 Bn 652.00 Mn
2 Zoetis 34.61 Bn 32.67 Bn 1.62 Bn 833.00 Mn
3 United Therapeutics 24.07 Bn 21.91 Bn 648.10 Mn 325.80 Mn
4 Aurora Cannabis 16.98 Bn 16.91 Bn 33.43 Mn 14.03 Mn
5 Neurocrine Biosciences 16.64 Bn 15.32 Bn 800.70 Mn 193.40 Mn
6 Elanco Animal Health 12.19 Bn 11.76 Bn 785.00 Mn 307.00 Mn
7 Alkermes 7.37 Bn 6.86 Bn -116.06 Mn -48.28 Mn
8 Hims & Hers Health 6.62 Bn 5.87 Bn 396.79 Mn -78.32 Mn
9 Lantheus Holdings 6.47 Bn 5.97 Bn 230.92 Mn 81.33 Mn
10 Incannex Healthcare 45.81 Mn 45.81 Mn - -4.05 Mn

Historic Data

Download Data
DateValue
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 -5.00 Mn
Sep 30, 2024 -6.25 Mn
Jun 30, 2024 -9.74 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