A company still losing money. Institutions are trimming.
Going well
No debt reported
Watch out for
Losing money, losses are large next to sales
Money moves
No insider buying or selling in the last 30 days
Institutions cut 65% from their holdings in the quarter ending June 2026 (10 bought, 14 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$2.61-2.3% that day
Company value
$33M
Share price times all shares
Cash vs value
207%
A big cushion: cash is a large part of what the company is worth
From IXHL's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Profit, Jun '26 (worked out from yearly totals)
-$2.5M
Sep '23Tap a barJun '26
Last 12 months: -$19.3M.
What the price assumes
Your guesses, our math
Move the sliders to your own view of IXHL. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$0M
Profit in 5 years$0M
Price these guesses point to$0.01-99% vs $2.61 todayAbout -65% a year, before dividends
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/4Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-126.1%
PassDebt under half of equityNot relying on borrowed money.No debt reported
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.Losses many times its sales
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$12.5M
Revenue
$86K
Total debt
None
0.00x equity
Current ratio
48.27x
short-term assets / bills due
Free cash flow
-$12.5M
-14559.3% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: profitable every year, share count not growing, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
EPS
-$0.15
vs -$462.90
Free cash flow
$3.4M
Some values are worked out from year-to-date totals in the annual report.
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trend
No trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
0.5
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-64.8%
Institutions cut 64.8% from their holdings. 10 bought, 14 sold. 2 quarters of net selling in a row.
Shares held by institutions455K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+165.8%
Cash runwayAt last year's cash burn
63 months
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
13M
Why high risk
Losing money, losses are large next to sales
Share count growing 165.8% a year (dilution)
Exchange listing notice (a delisting warning or a move to another exchange)
Earnings reports
Last 0
Next reportNot enough history
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days