NASDAQ · Drug Manufacturers - Specialty & Generic

Incannex Healthcare Inc. (IXHL) Stock

$2.64 +1.54% NASDAQ: IXHL Healthcare

Valuation

MetricValue
Price$2.64
Market Cap$31.59M
P/E Ratio-2.87
P/B Ratio0.59
P/S Ratio583.72
EPS (TTM)$-40.80
52-Week High$14.94
52-Week Low$2.49
Dividend Yield0.00%

Financials & Margins

MetricValue
ROE-27.42%
ROA-26.45%
ROCE-22.64%
Gross Margin100.00%
Operating Margin-379.21%
Net Margin0.00%
Debt/Equity0.00
Current Ratio2.86

Annual Financials (USD)

Metric20222023202420252026
Revenue$1.0M$0$0$0$0
Operating Profit$-11.0M$-21.0M$-30.0M$-24.0M$-23.0M
Net Profit$-15.0M$-73.0M$-18.0M$-47.0M$-19.0M
EPS$-1.50$-14.31$-3.42$-40.80$-1.66
Op Margin-1445.7%—-250341.7%-27661.6%—

Balance Sheet (USD)

Metric20222023202420252026
Total Assets$38.0M$36.0M$17.0M$20.0M$73.0M
Total Liabilities$2.0M$4.0M$6.0M$7.0M$6.0M
Cash$37.0M$33.0M$6.0M$15.0M$68.0M
Borrowings$0$1.0M$0$0$0

Latest News

Incannex (IXHL) Secures U.S. Patent Grant in Obstructive Sleep Apnea for IHL-42X Insider Monkey · Jul 15, 2026 Incannex Healthcare Receives US Patent for IHL-42X in Obstructive Sleep Apnea MT Newswires · Jun 25, 2026 Incannex Secures U.S. Patent Grant for IHL-42X in Obstructive Sleep Apnea GlobeNewswire · Jun 25, 2026 Incannex Receives A$6.0 Million R&D Tax Incentive Refund for FY25, Further Strengthening Balance Sheet and Financial Flexibility GlobeNewswire · Jun 10, 2026 Incannex Announces Initiation of Research Coverage by Alliance Global Partners GlobeNewswire · Jun 9, 2026

Cash Flow (USD)

Metric20222023202420252026
Operating Cash Flow$-13.0M$-16.0M$-16.0M$-13.0M$-13.0M
Investing Cash Flow$0$-1.0M$-1.0M$0$0
Financing Cash Flow$-2.0M$0$0$-25.0M$66.0M
Net Cash Flow$28.0M$-6.0M$-16.0M$9.0M$53.0M
Free Cash Flow$-13.0M$-17.0M$-16.0M$-13.0M$-13.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.09
EV / EBITDA1.28
FCF Yield-21.60%
Quick Ratio48.81
Interest Coverage—
Return 1Y-68.19%
Return 3Y-98.62%
Return 5Y—

About Incannex Healthcare Inc.

Incannex Healthcare Inc. is led by CEO Joel Bradley Latham, employs 9 people, headquartered in AU, publicly traded since 2022.

Incannex Healthcare Inc. (IXHL) stock trades at $2.64 with a market capitalization of $31.59M. The stock is valued at a negative price-to-earnings (P/E) ratio of -2.87, reflecting a net loss over the last twelve months, price-to-book of 0.59, price-to-sales of 583.72. Over the past 52 weeks the stock has ranged between $2.49 and $14.94, and currently trades 82.3% below its 52-week high.

On profitability, Incannex Healthcare Inc. generates a return on equity (ROE) of -27.42% (negative, reflecting a net loss), return on capital employed of -22.64%, an operating margin of -379.21%.

Incannex Healthcare Inc. by the numbers, 2017–2026

Between 2017 and 2026 Incannex Healthcare Inc. reported revenue of $0 rising to $0. Compounded, revenue has grown —% a year over five years, —% over three, —% over the last twelve months. Net profit rose to $-19.0M.

On a trailing twelve-month basis to Jun '26, revenue is $0 and net profit $-64.0M.

Borrowings stand at $0, cash from operations was $-13.0M in the latest year, positive in 0 of the last 10.

Return on equity has averaged -166.1% over five years, and was -28.4% in the most recent year.

The share price itself has compounded at —% a year over five years, —% over three, —% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

Incannex Healthcare Inc. (IXHL) — frequently asked questions

What is Incannex Healthcare Inc. (IXHL) stock price today?

Incannex Healthcare Inc. (IXHL) is currently trading at $2.64, up 1.54% today.

What is IXHL P/E ratio?

Incannex Healthcare Inc.'s P/E ratio is -2.87. A negative P/E means the company reported a net loss over the last twelve months, so P/E is not a meaningful valuation measure for it right now.

What is IXHL return on equity (ROE)?

Incannex Healthcare Inc.'s return on equity (ROE) is -27.42%. ROE measures net income relative to shareholders' equity. A negative ROE means the company reported a net loss over the period.

What is Incannex Healthcare Inc.'s market cap?

Incannex Healthcare Inc. has a market capitalization of $31.59M.

Does IXHL pay a dividend?

Incannex Healthcare Inc. is not currently showing a dividend yield in our data, which means no recent cash dividend was recorded for it.

How much debt does IXHL carry?

Incannex Healthcare Inc. has a debt-to-equity ratio of 0.00. That compares total borrowings with shareholders' equity: a figure under 1 means equity exceeds debt.

What is IXHL's profit margin?

Incannex Healthcare Inc. reports a net profit margin of 0.00% — the share of revenue left after every cost, including tax and interest.

What sector is IXHL in?

Incannex Healthcare Inc. is classified under Healthcare, in the Drug Manufacturers - Specialty & Generic industry. Ratios are most informative compared with other companies in the same industry rather than across the whole market.

Which exchange is IXHL listed on?

Incannex Healthcare Inc. trades on NASDAQ under the ticker IXHL.

What is IXHL's 52-week range?

Over the last year Incannex Healthcare Inc. has traded between $2.49 and $14.94.

Related Healthcare Stocks

LLY Eli Lilly and Company $1273.46 -2.54% JNJ Johnson & Johnson $263.81 -1.42% ABBV AbbVie Inc. $285.64 +0.16% UNH UnitedHealth Group Incorporated Common Stock (DE) $418.09 -1.62% MRK Merck & Company, Inc. Common Stock (new) $145.27 -1.34% NVS Novartis AG $151.12 -3.30% AZN AstraZeneca PLC $171.49 -0.63% TMO Thermo Fisher Scientific Inc $673.82 -0.40% AMGN Amgen Inc. $439.26 -1.79% GILD Gilead Sciences, Inc. $156.04 -0.73% ABT Abbott Laboratories $103.70 +1.16% NVO Novo Nordisk A/S $39.05 -0.96%

Popular Stocks

Apple (AAPL)Microsoft (MSFT)NVIDIA (NVDA)Alphabet (GOOGL)Amazon (AMZN)Meta (META)Tesla (TSLA)Broadcom (AVGO)JPMorgan (JPM)Visa (V)

Screens IXHL currently matches

On the figures above, Incannex Healthcare Inc. passes the filters for 3 of our ready-made screens, among them Penny Stocks, Debt Free Stocks Under $100, Nano Cap Stocks. Appearing on a screen means the numbers meet its filters today and nothing more; the list is rebuilt whenever the data changes.

Penny StocksDebt Free Stocks Under $100Nano Cap Stocks

Related stock screens

High ROE Healthcare StocksLow P/E Healthcare StocksHigh Net Margin Healthcare StocksDividend Healthcare StocksLow Debt Healthcare StocksHigh ROE StocksLow P/E StocksHigh Net Margin StocksDividend StocksLow Debt StocksNasdaq High ROE StocksAll stock screens
Run Stock Screener Investing Guides

Data for information only, not investment advice. Figures may be delayed or inaccurate; verify against company filings. See our disclaimer.