Incannex Healthcare IXHL
NASDAQ IXHL
$3.36 -0.01 (-0.45%)
As of: Sep 9, 2026 · 12:59 PM EDT

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

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