Incannex Healthcare (IXHL) Research & Development (2022 - 2026)
Incannex Healthcare's (IXHL) quarterly Research & Development came in at $321000.0 in Q1 2026, down 88.26% year-over-year from $2.7 million in Q1 2025, and down 85.92% quarter-over-quarter from $2.3 million in Q4 2025.
Analysis
Incannex Healthcare (IXHL) Research & Development (2022 - 2026) Analysis & Trends
Incannex Healthcare has disclosed Research & Development across 5 years of filings, most recently posting $321000.0 for Q1 2026.
- In Q1 2026, Research & Development fell 88.26% year-over-year to $321000.0; the TTM figure through Mar 2026 stood at $7.4 million (down 34.91% YoY), while the FY2025 annual figure was $10.7 million, down 16.55% from the prior year.
- Research & Development came in at $321000.0 for Q1 2026 at Incannex Healthcare, down from $2.3 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $4.4 million in Q2 2024 to a low of $321000.0 in Q1 2026.
- Average Research & Development over 5 years is $2.3 million, with a median of $2.4 million recorded in 2023.
- Year-over-year, Research & Development jumped 154.61% in 2024 and tumbled 88.26% in 2026.
- Over 5 years, Research & Development stood at $1.5 million in 2022, then soared by 70.3% to $2.6 million in 2023, then sank by 46.4% to $1.4 million in 2024, then jumped by 61.24% to $2.3 million in 2025, then tumbled by 85.92% to $321000.0 in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $321000.0 in Q1 2026, $2.3 million in Q4 2025, and $1.1 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 645.47 Bn | 624.71 Bn | 17.26 Bn | 3.65 Bn |
| 2 | AbbVie | 439.99 Bn | 433.42 Bn | 12.70 Bn | 2.34 Bn |
| 3 | Merck | 365.45 Bn | 358.31 Bn | 12.21 Bn | 9.74 Bn |
| 4 | Novartis Ag | 266.57 Bn | 258.88 Bn | 11.24 Bn | -2.85 Bn |
| 5 | Pfizer | 159.03 Bn | 147.33 Bn | 10.94 Bn | 2.81 Bn |
| 6 | Sanofi | 52.43 Bn | 45.05 Bn | 10.79 Bn | -2.60 Bn |
| 7 | Revolution Medicines | 44.23 Bn | 44.23 Bn | - | 394.92 Mn |
| 8 | Incyte | 25.32 Bn | 20.79 Bn | 1.57 Bn | 516.95 Mn |
| 9 | United Therapeutics | 21.44 Bn | 18.77 Bn | 683.80 Mn | 146.30 Mn |
| 10 | Incannex Healthcare | 41.43 Mn | 41.43 Mn | - | 321,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 321,000.00 |
| Dec 31, 2025 | 2.28 Mn |
| Sep 30, 2025 | 1.12 Mn |
| Jun 30, 2025 | 3.70 Mn |
| Mar 31, 2025 | 2.74 Mn |
| Dec 31, 2024 | 1.41 Mn |
| Sep 30, 2024 | 2.90 Mn |
| Jun 30, 2024 | 4.36 Mn |
| Mar 31, 2024 | 3.28 Mn |
| Dec 31, 2023 | 2.64 Mn |
| Sep 30, 2023 | 2.61 Mn |
| Jun 30, 2023 | 1.71 Mn |
| Mar 31, 2023 | 1.64 Mn |
| Dec 31, 2022 | 1.55 Mn |