Incannex Healthcare (IXHL) Research & Development (2022 - 2026)
Incannex Healthcare (IXHL) posted quarterly Research & Development of $321000.0 for Q1 2026, down 88.26% year-on-year from $2.7 million in Q1 2025, and down 85.92% on a QoQ basis from $2.3 million in Q4 2025.
Incannex Healthcare (IXHL) Research & Development (2022 - 2026) Analysis & Trends
Incannex Healthcare (IXHL) has reported Research & Development for 5 consecutive years, with $321000.0 the latest figure, recorded in Q1 2026.
- Quarterly Research & Development fell 88.26% year-over-year to $321000.0 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $7.4 million (down 34.91% YoY) and the FY2025 annual result came in at $10.7 million, down 16.55% from the prior year.
- Research & Development slipped to $321000.0 in Q1 2026 per IXHL's latest filing, from $2.3 million in the prior quarter.
- Over the last five years, Research & Development for IXHL reached as high as $4.4 million in Q2 2024 and fell as low as $321000.0 in Q1 2026.
- A 5-year average of $2.3 million and a median of $2.4 million in 2023 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2024 — Research & Development jumped 154.61% — and 2026, when it plunged 88.26%.
- Year by year, Research & Development stood at $1.5 million in 2022, then surged by 70.3% to $2.6 million in 2023, then plunged by 46.4% to $1.4 million in 2024, then soared by 61.24% to $2.3 million in 2025, then slumped by 85.92% to $321000.0 in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $321000.0, $2.3 million, and $1.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 87.22 Bn | 85.35 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 39.60 Bn | 35.87 Bn | 1.97 Bn | 696.00 Mn |
| 3 | Zoetis | 31.46 Bn | 29.52 Bn | 1.62 Bn | 180.00 Mn |
| 4 | Takeda Pharmaceutical | 26.49 Bn | 22.44 Bn | 4.39 Bn | 7.37 Bn |
| 5 | United Therapeutics | 23.03 Bn | 20.88 Bn | 648.10 Mn | 138.20 Mn |
| 6 | Universe Pharmaceuticals | 23.03 Bn | -10.56 Bn | - | - |
| 7 | Viatris | 20.90 Bn | 19.09 Bn | 1.16 Bn | 248.60 Mn |
| 8 | Neurocrine Biosciences | 17.50 Bn | 16.19 Bn | 800.70 Mn | 296.20 Mn |
| 9 | Elanco Animal Health | 12.33 Bn | 11.91 Bn | 785.00 Mn | 97.00 Mn |
| 10 | Incannex Healthcare | 3.63 Mn | 3.63 Mn | - | 321,000.00 |
Historic Data
Download 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 |