Incannex Healthcare Inc.
Cash Flow Statement
| Line Item | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-3.9M | $-6.5M | $-6.4M | $-31.6M | $-4.0M | $-5.9M | $-5.4M | $-6.5M |
| Depreciation & Amortization | $65.0K | $59.0K | $66.0K | $61.0K | $-5.0K | $126.0K | $64.0K | $62.0K |
| Depreciation | $100.0K | $-65.9M | $66.0M | $143.00B | $-66.2M | $200.0K | $66.2M | $103.00B |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $1.5M | $2.3M | $2.6M | $1.3M | $417.0K | $435.0K | $459.0K | $3.3M |
| Net Cash from Operating Activities | $-2.5M | $-4.6M | $-9.2M | $-1.5M | $-3.2M | $-5.6M | $-2.2M | $-3.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $5.0K | $4.0K | $2.0K | — | — | — | — | $3.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-18.0K | $-4.0K | $-42.0K | — | — | — | — | $-3.0K |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $4.7M | $927.0K | $67.2M | $9.6M | $7.7M | $4.1M | $-52.0K | — |
| Net Change in Cash | — | — | — | — | — | — | $-2.2M | — |
| Free Cash Flow | $-2.5M | $-4.6M | $-9.2M | — | — | — | — | $-3.6M |