In this paper, the performance of hybrid automatic repeat request with incremental redundancy (HARQ-IR) in a mobile ad hoc network (MANET) is analyzed. Based on the theory of stochastic geometry, both interference and the randomness in nodes' locations are incorporated into our analysis. The outage probability after the kth retransmission is analyzed and the outage performance of HARQ-IR is compared with that of Type-I HARQ and HARQ with chase combining (HARQ-CC). Our analysis reveals that the performance gains of HARQ-IR over Type-I HARQ and HARQ-CC increase with the number of retransmissions while they decrease with the path loss exponent. The network throughput in terms of transmission capacity is also analyzed. The results indicate that a certain small number of retransmissions is sufficient to achieve the maximal transmission capacity. Meanwhile, the optimal intensity of source nodes to maximize the transmission capacity is shown to be within a specific interval.