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Incannex Healthcare Inc. (IXHL) stock

IXHLNasdaqPharmaceutical PreparationsFiscal year ends June 30
Financials through Q4 FY2026, quarter ended Jun 30, 2026Last filing: 10-K on Sep 25, 2026Score 7/30
$2.02+0.04 (+2.28%)

Close on Nov 12, 2026Market cap $25.34MP/E –Yield –

Incannex Healthcare Inc. saw revenue fall 100.0% to $0 over fiscal 2026. Free cash flow was -$12.88M. At the latest close the market valued the company at $25.34M.

Revenue
$0
-100.0% vs. a year earlier
Operating income
-$23.03M
TTM Q4 2026
Free cash flow
-$12.88M
TTM Q4 2026
EPS, diluted
-$1.66
TTM Q4 2026

Key statistics

Valuation at the latest close; fundamentals over fiscal 2026, balances at Jun 30, 2026

Valuation

Market cap
$25.34M
P/E ratio
–
Price to sales
–
Price to book
0.38
Dividend yield
–
Free cash flow yield
-50.82%

Fundamentals

Revenue
$0
Net income
-$19.30M
EPS, diluted
-$1.66
Free cash flow
-$12.88M
Book value per share
$5.49
Diluted shares
12M

Trading

Previous close
$1.98
Open
$1.96
Day's range
$1.96 – $2.06
Volume
104,350
Average volume (20 days)
81,250
Beta (5 years)
1.94
52-week range
$1.96 – $14.91
RSI (14 days)
23.7
Volatility (1 year)
103.5%
Relative volume
1.07×
WACC
14.7%

Market cap history

Month-end market cap since 2022, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.

PeriodIXHLS&P 500DifferenceIXHL per yearS&P 500 per year
1 month-30.3%-2.7%−27.6 pts
3 months-36.3%-1.7%−34.5 pts
Year to date-81.2%+11.9%−93.1 pts
1 year-81.9%+12.0%−93.9 pts
3 years-98.5%+78.2%−176.7 pts-75.3%+21.2%

Seven years at a glance

Fiscal years 2020 to 2026, USD

Revenue

$0-100.0% YoY

Gross profit

–

Operating income

-$23.03M

Net income

-$19.30M

EPS, diluted

-$1.66

Free cash flow

-$12.88M
Reported period

Press releases

Releases Incannex Healthcare filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Incannex Healthcare

Pharmaceutical Preparations

Incannex is a clinical-stage biopharmaceutical company developing oral fixed-dose combination therapies and psychedelic-assisted treatments for serious, chronic conditions. Its pipeline includes IHL-42X, an oral combination therapy in clinical development for obstructive sleep apnea, and PSX-001, a synthetic psilocybin treatment administered alongside psychotherapy for generalized anxiety disorder. The company is also evaluating IHL-675A, an oral combination targeting inflammatory conditions including rheumatoid arthritis. These investigational programs aim to provide alternative pharmacological treatments for patients who are underserved by existing care options.

Company profile, executives and history

Incannex Healthcare stock: common questions

What is Incannex Healthcare's stock price?

IXHL closed at $2.02 on Nov 12, 2026, up 2.28% on the day. Over the past 52 weeks it traded between $1.96 and $14.91.

What is Incannex Healthcare's market cap?

Incannex Healthcare was worth $25.34M at the close on Nov 12, 2026: the share price times the diluted shares outstanding.

What is IXHL's P/E ratio?

Incannex Healthcare lost money over the twelve months to Jun 30, 2026 (diluted EPS -$1.66), so it has no meaningful P/E ratio.

How much revenue does Incannex Healthcare make?

Incannex Healthcare reported revenue of $0 for fiscal 2026, down 100.0% from a year earlier.

Does Incannex Healthcare pay a dividend?

No. Incannex Healthcare has not paid a cash dividend over the last twelve months.

How has IXHL stock performed over the past year?

Including dividends, IXHL returned -81.9% over the past year, against +12.0% for the S&P 500.

Who are Incannex Healthcare's competitors?

Companies most similar to Incannex Healthcare by business, industry and size include KZIA, CNBX, LSTA, SILO, HIND.

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