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
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