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| 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 |