VCP ScannerFree US Stock Screener & Financial AnalysisFree US Stock Screener
ScreenerThemes
DCF ValuationCalculate intrinsic value of US stocks
Market ValuationBuffett indicator, CAPE & macro gauges
Total ReturnSee dividends + price return history
DCA CalculatorSimulate recurring buys & compounding
Earnings
FAANG & Tech
AAPL vs MSFTNVDA vs AMDGOOGL vs META
Cloud & Cyber
CRM vs NOWCRWD vs PANWSNOW vs DDOG
Consumer & Auto
TSLA vs FAMZN vs WMTNFLX vs DIS
Finance & Crypto
JPM vs BACV vs MACOIN vs MSTR
Pharma & Energy
LLY vs NVOJNJ vs PFEXOM vs CVX
Compare Any Stocks...
WatchlistInsider
ScreenerThemes
Earnings
WatchlistInsider
IXHL
← Back to Screener
VCP ScannerFree US Stock Screener & Financial Analysis

Find stocks. Verify deeply. Act with conviction.

Data updated daily

Product

  • Screener
  • Themes
  • Valuation
  • Total Return
  • DCA Calculator
  • News
  • Earnings

Resources

  • Market Valuation
  • Compare
  • Insider Activity
  • Methodology
  • How It Works
  • Glossary
  • Learn

Get Ideas

Get weekly stock ideas — free

© 2026 VCP Scanner
AboutPrivacyTerms
Not financial advice. Do your own research.
ScreenerNewsCompareWatchlist
IXHLIncannex Healthcare Limited
$3.42$40M
Overview & Verdict
Overview
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice HistoryTechnical Analysis
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Ownership
Holders

IXHL logoIncannex Healthcare Limited(IXHL)Earnings, Financials & Key Ratios

IXHL•NASDAQ
$3.42
Price updated Jun 27, 2026
SectorHealthcareIndustrySpecialty & Generic PharmaSub-IndustryCannabis and cannabinoid product companies
AboutIncannex Healthcare Limited engages in the research, development, and sale of medicinal cannabinoid products in Australia. It offers pharmaceutical grade cannabinoid products under the Incannex brand name. The company's products include IHL-42X, which is in Phase II clinical trials for obstructive sleep apnea; IHL-216A for traumatic brain injury; and IHL-675A, a combination of hydroxychloroquine and cannabidiol for the prevention and treatment of inflammatory lung conditions, such as acute respiratory distress syndrome, chronic obstructive pulmonary disease, asthma, and bronchitis, as well as rheumatoid arthritis and inflammatory bowel diseases. It has partnership with The Alfred Hospital and Novotech on IHL-42X clinical program for obstructive sleep apnea; and Monash Trauma Group at the Department of Neuroscience, Monash University to conduct a study on the protective effect of IHL-216A in sports concussion. The company was formerly known as Impression Healthcare Limited and changed its name to Incannex Healthcare Limited in June 2020. Incannex Healthcare Limited was incorporated in 2001 and is based in Sydney, Australia.Show more
  • Revenue$86K+616.7%
  • EBITDA-$24M+21.2%
  • Net Income-$47M-154.0%
  • EPS (Diluted)-40.80-1093.0%
  • Gross Margin-186.05%-286.0%
  • EBITDA Margin-27375.58%+89.0%
  • Operating Margin-27661.63%+89.0%
  • Net Margin-54517.44%+64.6%
  • ROE-381.09%-339.3%

IXHL Price & Volume

Incannex Healthcare Limited (IXHL) stock price & volume — 10-year historical chart

Loading chart...

Pre-Commercial Drug Development Faces Significant Dilution Risks

Investment Thesis • Updated 2026Q2

VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Imminent capital dilution risk

Key Thesis Takeaways

  • Incannex Healthcare operates as a speculative, pre-commercial R&D entity with negligible revenue, necessitating constant capital injections to sustain its clinical pipeline.
  • The firm's reliance on share-based compensation, which reached $3.2 million in 2026Q2, creates a persistent risk of shareholder dilution.
  • Investors should monitor the company's ability to manage its high-burn clinical development model, as the lack of sustainable commercial revenue streams leaves the balance sheet vulnerable to future capital requirements.

Verdict Logic

the company's reliance on share-based compensation of $3.2 million in 2026Q2 and persistent negative free cash flow suggest significant long-term dilution risks for equity holders.

IXHL Growth Metrics

Incannex Healthcare Limited (IXHL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-32.19%
3 Years-52.15%
TTM-79.67%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM76.33%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM79.34%

Return on Capital

10 Years-1270.31%
5 Years-126.12%
3 Years-130.02%
Last Year-191.15%

IXHL Recent Earnings

Incannex Healthcare Limited (IXHL) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 2/12 qtrs (40%)●Beat Revenue 0/12 qtrs (0%)
Q2 2026Latest
May 15, 2026
Metric
Actual
Est
EPS
$0.60+0.0%
$0.60
Rev
—
$200,000
Q1 2026
Feb 13, 2026
Metric
Actual
Est
EPS
$0.60+0.0%
$0.60
Rev
—
$200,000
Q4 2025
Sep 29, 2025
Metric
Actual
Est
EPS
$0.39-34.5%
$0.29
Rev
$66,616-66.7%
$200,000
Q2 2025
May 15, 2025
Metric
Actual
Est
EPS
$0.24+47.8%
$0.46
Rev
$19,384-93.8%
$312,000
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 15, 2026
$0.60vs $0.60+0.0%
—vs $200,000
Q1 2026Feb 13, 2026
$0.60vs $0.60+0.0%
—vs $200,000
Q4 2025Sep 29, 2025
$0.39vs $0.29-34.5%
$66,616vs $200,000-66.7%
Q2 2025May 15, 2025
$0.24vs $0.46+47.8%
$19,384vs $312,000-93.8%
Based on last 12 quarters of dataView full earnings history →

Latest IXHL News

Recent stock market news and headlines for Incannex Healthcare Limited (IXHL)

GlobeNewsWire·4 days ago
Incannex Secures U.S. Patent Grant for IHL-42X in Obstructive Sleep Apnea

MELBOURNE, Australia and NEW YORK, June 25, 2026 (GLOBE NEWSWIRE) -- Incannex Healthcare Inc. (Nasdaq: IXHL) (“Incannex” or the “Company”), a clinical-stage biopharmaceutical company developing innovative combination therapies for high-impact indications, today announced that the United States Patent and Trademark Office (USPTO) has granted a key patent titled “Compositions and Methods of Treatment for Obstructive Sleep Apnea.” The granted patent includes claims directed to the proprietary IHL-42X composition and its associated therapeutic methods for the treatment of Obstructive Sleep Apnea (OSA).

Peers Comparison

Key metrics vs top competitors for Incannex Healthcare Limited (IXHL)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
IXHL logoIXHLIncannex Healthcare LimitedCurrent
$3.42$39.84M-0.08616.67%-54517.44%-381.09%—
CMPS logoCMPSCOMPASS Pathways plc
$14.82$1.42B-4.81——-151.02%—
MNMD logoMNMDMind Medicine (MindMed) Inc.
$20.69$2.04B-10.04——-102.48%—
ATAI logoATAIAtai Beckley N.V
$5.29$1.95B-1.821227.6%-19019.44%-366.21%—
CYBN logoCYBNCybin Inc.
$6.09$303.86M-13.66——-81%—
LWAY logoLWAYLifeway Foods, Inc.
$29.39$449.13M33.0213.74%6.54%17.76%—

Compare IXHL vs Peers

Incannex Healthcare Limited (IXHL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CMPS

Most directly comparable listed peer for IXHL.

Scale Benchmark

vs MNMD

Larger-name benchmark to compare IXHL against a more recognizable public peer.

Peer Set

Compare Top 5

vs CMPS, MNMD, ATAI, CYBN

IXHL SEC Filings & Documents

Incannex Healthcare Limited (IXHL) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jun 10, 2026·SEC

Material company update

Jun 9, 2026·SEC

Material company update

May 14, 2026·SEC

10-K Annual Reports

1
FY 2025

Sep 29, 2025·SEC

10-Q Quarterly Reports

4
FY 2026

May 15, 2026·SEC

FY 2026

Feb 13, 2026·SEC

FY 2025

Nov 14, 2025·SEC

Get notified when IXHL posts new earnings or crosses analyst targets

Free. No account needed. Unsubscribe any time.

Free. Unsubscribe any time.

IXHL Frequently Asked Questions

Incannex Healthcare Limited (IXHL) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Incannex Healthcare Limited's revenue?

Incannex Healthcare Limited (IXHL) reported $0.1M in revenue for fiscal year 2025.

How fast is Incannex Healthcare Limited growing?

Incannex Healthcare Limited (IXHL) grew revenue by 616.7% over the past year. This is strong growth.

Is IXHL profitable?

Incannex Healthcare Limited (IXHL) reported a net loss of $52.5M for fiscal year 2025.

Dividend & Returns
What is IXHL's return on equity?

Incannex Healthcare Limited (IXHL) has a return on equity (ROE) of -381.1%. Negative ROE indicates the company is unprofitable.

What is Incannex Healthcare Limited's free cash flow?

Incannex Healthcare Limited (IXHL) had negative free cash flow of $17.0M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in IXHL back in 2006?

Total return calculator · dividends reinvested · 20+ years of data

See returns →