Incannex net loss narrows 59% to $19.3 million in FY26; revenue falls to no revenue
IXHL•Incannex reported a fiscal 2026 net loss of $19.3 million, narrowing 58% from $46.89 million a year earlier, while revenue was zero. Cash and cash equivalents totaled $67.7 million at June 30, 2026, up from $15 million.
1. FY26 results
Incannex posted a net loss of $19.3 million for fiscal 2026, narrowing 58% from $46.89 million a year earlier. Revenue was zero. Operating loss improved 3% to $23.03 million, while total operating expenses fell 4% to the same amount.
2. Expenses and cash
Research and development expense fell 52% to $5.21 million, while general and administrative expense rose 36% to $17.82 million. Other income was $3.73 million, compared with a $23.1 million expense a year earlier, and the R&D tax incentive rose 165% to $4.66 million. Cash and cash equivalents were $67.7 million at June 30, 2026, up from $15 million a year earlier.
