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Incannex Healthcare (IXHL) investor relations material

Incannex Healthcare Q1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2026 earnings summary14 Nov, 2025

Executive summary

  • Focused on developing innovative medicines for chronic diseases with unmet needs, with lead candidates in Phase 2/3 and Phase 2 trials targeting OSA, GAD, and rheumatoid arthritis.

  • No revenue generated in the quarter; operations funded primarily through equity issuances, grants, and financing arrangements.

Financial highlights

  • Net loss for the quarter was $6.4 million, up from $5.4 million in the same quarter last year.

  • Total comprehensive loss was $6.2 million, compared to $5.1 million year-over-year.

  • Cash and cash equivalents increased to $73.3 million as of September 30, 2025, from $15.0 million at June 30, 2025.

  • Current assets exceeded current liabilities by $76.6 million, up from $13.0 million at the prior quarter-end.

  • Operating cash outflow was $9.2 million, up from $2.2 million in the prior year quarter.

Outlook and guidance

  • Expects research and development and general and administrative expenses to increase as clinical programs advance and operations expand.

  • Current cash resources are expected to fund operations for at least twelve months from the reporting date.

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Frequently asked questions

Incannex Healthcare Inc. is a clinical-stage pharmaceutical company focused on developing medicinal cannabis and psychedelic pharmaceutical products. The company is engaged in the research, development, and commercialization of therapies aimed at addressing a range of medical conditions. These include obstructive sleep apnea (OSA), traumatic brain injury (TBI), lung inflammation, rheumatoid arthritis, inflammatory bowel disease, anxiety, addiction, and chronic pain. Incannex Healthcare's product portfolio consists of both cannabinoid-based formulations and novel psychedelic therapies, which are in various stages of clinical development. The company is headquartered in Sydney, Australia, and its shares are listed on the NASDAQ.

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