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-on-year from $2.7 million in Q1 2025, and down 85.92% quarter-over-quarter from $2.3 million in Q4 2025.

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.

  • Research & Development for Q1 2026 came in at $321000.0, down 88.26% year-over-year; the trailing twelve-month figure through Mar 2026 was $7.4 million (down 34.91% YoY), and the FY2025 annual result 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.
  • The 5-year median for Research & Development is $2.4 million (2023), against an average of $2.3 million.
  • Across the five-year window, Research & Development soared 154.61% in 2024 and plunged 88.26% in 2026, its largest moves.
  • Incannex Healthcare's Research & Development stood at $1.5 million in 2022, then soared by 70.3% to $2.6 million in 2023, then tumbled by 46.4% to $1.4 million in 2024, then jumped by 61.24% to $2.3 million in 2025, then sank by 85.92% to $321000.0 in 2026.
  • The last three Research & Development figures came in at $321000.0 (Q1 2026), $2.3 million (Q4 2025), and $1.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Teva Pharmaceutical Industries 39.72 Bn 35.98 Bn 1.97 Bn 222.00 Mn
2 Zoetis 34.61 Bn 32.67 Bn 1.62 Bn 180.00 Mn
3 United Therapeutics 24.07 Bn 21.91 Bn 648.10 Mn 138.20 Mn
4 Aurora Cannabis 16.98 Bn 16.91 Bn 33.43 Mn 934,363.43
5 Neurocrine Biosciences 16.64 Bn 15.32 Bn 800.70 Mn 296.20 Mn
6 Elanco Animal Health 12.19 Bn 11.76 Bn 785.00 Mn 97.00 Mn
7 Alkermes 7.37 Bn 6.86 Bn -116.06 Mn 103.35 Mn
8 Hims & Hers Health 6.62 Bn 5.87 Bn 396.79 Mn 46.94 Mn
9 Lantheus Holdings 6.47 Bn 5.97 Bn 230.92 Mn 39.38 Mn
10 Incannex Healthcare 45.81 Mn 45.81 Mn - 321,000.00

Historic Data

Download Data
DateValue
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