Valuation for IXHL - findataslice

	Incannex Healthcare Inc.
	Q4-CY2025	Q3-CY2025	Q2-CY2025	Q1-CY2025	Q4-CY2024	Q3-CY2024	Q2-CY2024	Q1-CY2024	Q4-CY2023	Q3-CY2023	Q2-CY2023	Q1-CY2023	Q4-CY2022	Q3-CY2022	Q2-CY2022	Q1-CY2022	Q4-CY2021	Q3-CY2021	Q2-CY2021	Q1-CY2021	Q4-CY2020	Q3-CY2020	Q2-CY2020	Q1-CY2020	Q4-CY2019	Q3-CY2019	Q2-CY2019	Q1-CY2019	Q4-CY2018	Q3-CY2018	Q2-CY2018	Q1-CY2018	Q4-CY2017	Q3-CY2017	Q2-CY2017	Q1-CY2017	Q4-CY2016	Q3-CY2016	Q2-CY2016	Q1-CY2016	Q4-CY2015	Q3-CY2015	Q2-CY2015	Q1-CY2015	Q4-CY2014	Q3-CY2014	Q2-CY2014	Q1-CY2014	Q4-CY2013
Balance Sheet Date			2025-Jun-30	2025-Mar-31	2024-Dec-31	2024-Sep-30	2024-Jun-30	2024-Mar-31	2023-Dec-31
Fiscal Period			Q4-FY2025	Q3-FY2025	Q2-FY2025	Q1-FY2025	Q4-FY2024	Q3-FY2024	Q2-FY2024
Close Price of Common Stock	0.44$	0.47$	0.21$	0.72$	2.13$	1.99$	2.89$	3.56$	4.59$	1.12$	1.79$	2.11$	2.80$
Market Cap of Common Stock	152,295,012$	162,552,325$	6,307,663$	12,887,565$	37,579,232$	35,109,236$	45,793,931$	56,508,282$
Market Cap of Common Stock QoQ%	(6.31%)	2,477.06%	(51.06%)	(65.71%)	7.04%	(23.33%)	(18.96%)
Market Cap of Common Stock YoY%	305.26%	362.99%	(86.23%)	(77.19%)
Common Shares Outstanding		347,705,507	194,379,996	17,785,235	17,785,235	17,642,832	17,642,832	12,926,349	12,926,349	15,873,113	15,873,113	15,873,113	15,873,092
Common Shares Outstanding QoQ%		78.88%	992.93%	.00%	.81%	.00%	36.49%	.00%	(18.56%)	.00%	.00%	.00%
Common Shares Outstanding YoY%		1,870.80%	1,001.75%	37.59%	37.59%	11.15%	11.15%	(18.56%)	(18.56%)
Total Revenue TTM			86,000$	5,886,000$	5,886,000$
Total Revenue			0$	0$	12,000$	74,000$	5,800,000$	0$
Total Revenue QoQ%			.00%	(100.00%)	(83.78%)	(98.72%)	.00%
Total Revenue YoY%			(100.00%)	.00%
Gross Margin					100.00%	100.00%	100.00%
Earnings to Common Shareholders TTM			(46,885,000$)	(21,743,000$)	(23,806,000$)	(23,153,000$)	(18,459,000$)	(16,172,000$)	(13,712,000$)	(11,389,000$)
Earnings to Common Shareholders			(31,603,000$)	(3,968,000$)	(5,894,000$)	(5,420,000$)	(6,461,000$)	(6,031,000$)	(5,241,000$)	(726,000$)	(4,174,000$)	(3,571,000$)	(2,918,000$)
Earnings to Common Shareholders QoQ%			(696.45%)	32.68%	(8.75%)	16.11%	(7.13%)	(15.07%)	(621.90%)	82.61%	(16.89%)	(22.38%)
Earnings to Common Shareholders YoY%			(389.14%)	34.21%	(12.46%)	(646.56%)	(54.79%)	(68.89%)	(79.61%)
Profit Margin					(49,116.67%)	(7,324.32%)	(111.40%)
Equity to Common Shareholders			13,389,000$	7,403,000$	964,000$	6,596,000$	11,217,000$	14,138,000$	18,872,000$	19,790,000$	20,825,000$	24,672,000$	27,913,000$
Equity to Common Shareholders QoQ			5,986,000$	6,439,000$	(5,632,000$)	(4,621,000$)	(2,921,000$)	(4,734,000$)	(918,000$)	(1,035,000$)	(3,847,000$)	(3,241,000$)
Equity to Common Shareholders QoQ%			80.86%	667.95%	(85.39%)	(41.20%)	(20.66%)	(25.09%)	(4.64%)	(4.97%)	(15.59%)	(11.61%)
Equity to Common Shareholders YoY			2,172,000$	(6,735,000$)	(17,908,000$)	(13,194,000$)	(9,608,000$)	(10,534,000$)	(9,041,000$)
Equity to Common Shareholders YoY%			19.36%	(47.64%)	(94.89%)	(66.67%)	(46.14%)	(42.70%)	(32.39%)
Dividends Paid
Additional Paid-In Capital QoQ			37,200,000$	10,495,000$	677,000$	459,000$	3,214,000$	2,117,000$
Treasury Stock
Treasury Stock QoQ
Price to Sales	1,770.87x	1,890.14x	73.34x	2.19x	6.38x
Price to Earnings	-	-	-	-	-	-	-	-
Price to Book	11.37x	12.14x	.47x	1.74x	38.98x	5.32x	4.08x	4.00x
Goodwill
Goodwill QoQ%
Goodwill YoY%
Other Intangible Assets
Other Intangible Assets QoQ
Amortization of Intangible Assets
Forward Price to Sales MRQ	-	-	-	-	782.90x	118.61x	1.97x	-
Forward Price to Earnings MRQ	-	-	-	-	-	-	-	-
Total Assets			20,447,000$	16,197,000$	11,106,000$	16,048,000$	17,047,000$	17,250,000$	22,359,000$		23,783,000$
Total Assets QoQ			4,250,000$	5,091,000$	(4,942,000$)	(999,000$)	(203,000$)	(5,109,000$)
Total Assets YoY			3,400,000$	(1,053,000$)	(11,253,000$)		(6,736,000$)
Total Liabilities			7,058,000$	8,794,000$	10,141,000$	9,453,000$	5,830,000$	3,112,000$	3,487,000$		2,958,000$
Total Liabilities QoQ			(1,736,000$)	(1,347,000$)	688,000$	3,623,000$	2,718,000$	(375,000$)
Total Liabilities YoY			1,228,000$	5,682,000$	6,654,000$		2,872,000$
Current Ratio			2.86x	2.12x	1.80x	1.65x	2.88x	5.70x	6.70x		9.02x
Total Current Assets			19,962,000$	15,629,000$	10,504,000$	15,209,000$	16,202,000$	16,319,000$	21,332,000$		22,997,000$
Total Current Assets QoQ			4,333,000$	5,125,000$	(4,705,000$)	(993,000$)	(117,000$)	(5,013,000$)
Total Current Liabilities			6,984,000$	7,368,000$	5,840,000$	9,232,000$	5,620,000$	2,864,000$	3,186,000$		2,550,000$
Total Current Liabilities QoQ			(384,000$)	1,528,000$	(3,392,000$)	3,612,000$	2,756,000$	(322,000$)
Debt to Asset Ratio			.35x	.54x	.91x	.59x	.34x	.18x	.16x		.12x
Long Term Debt					2,385,000$
Long Term Debt QoQ
Long Term Debt YoY
Capital Lease Obligations			258,000$	291,000$	329,000$	411,000$	372,000$	409,000$	470,000$
Interest Expenses
Cash and Cash Equivalents			15,039,000$	6,711,000$	2,098,000$	3,627,000$	5,858,000$	9,305,000$	14,554,000$		22,120,000$
Cash and Cash Equivalents QoQ			8,328,000$	4,613,000$	(1,529,000$)	(2,231,000$)	(3,447,000$)	(5,249,000$)
Cash and Cash Equivalents YoY			9,181,000$	(2,594,000$)	(12,456,000$)		(16,262,000$)
Interest Income			2,000$	4,000$	28,000$	28,000$	40,000$	75,000$	20,000$	71,000$	88,000$	163,000$	55,000$