Novagold Rscs (NG) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jun 24, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NG SEC filings page.
Novagold Rscs (NG) reported $0 in revenue for fiscal year 2025. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
NovaGold’s financing-dependent structure funds substantial investment while operating losses continue and revenue-based performance remains unobservable.
In FY2025, the net loss of-$94.7M was about twice the operating loss of-$47.3M . With interest expense at$14.8M , the gap indicates that bottom-line pressure came from more than the core operating deficit.
The financing inflow of
Operating cash flow of
Financial Health Signals
Novagold Rscs does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Novagold Rscs scores 3.50, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($3.7B) relative to total liabilities ($172.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Novagold Rscs passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
Novagold Rscs reported a net loss of $94.7M while operations used $14.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Novagold Rscs reported an operating loss of $47.3M against $14.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Novagold Rscs's EBITDA was -$25.8M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 110.0% from the same quarter a year earlier. Against the prior quarter it is down 72.9%.
Novagold Rscs reported -$25.5M in net income in Q2 2026. This represents an increase of 53.0% from the same quarter a year earlier. Against the prior quarter it is down 65.2%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Novagold Rscs held $78.2M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Novagold Rscs's ROE was -6.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 26.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.6 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
NG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | $0 | N/A | $0 |
| SG&A Expenses | $8.9M+53.3% | $8.7M+81.2% | N/A | $6.3M+22.6% | $5.8M-23.5% | $4.8M-23.3% | N/A | $5.1M-2.3% |
| Operating Income | -$25.8M-110.0% | -$14.9M-110.0% | N/A | -$13.7M-73.0% | -$12.3M-5.9% | -$7.1M+23.0% | N/A | -$7.9M+14.0% |
| EBITDA | -$25.8M-110.0% | -$14.9M-110.1% | N/A | -$13.7M-73.1% | -$12.3M-5.9% | -$7.1M+23.0% | N/A | -$7.9M+14.0% |
| Interest Expense | $3.7M+1.0% | $3.6M+1.2% | N/A | $3.8M-0.2% | $3.7M+0.1% | $3.6M-0.9% | N/A | $3.8M+11.7% |
| Income Tax | N/A | N/A | N/A | $0-100.0% | $0-100.0% | $0-100.0% | N/A | $156K |
| Net Income | -$25.5M+53.0% | -$15.4M-69.3% | N/A | -$15.6M-45.6% | -$54.3M-296.2% | -$9.1M+11.6% | N/A | -$10.7M+3.0% |
| EPS (Basic) | -$0.06+60.0% | -$0.04-33.3% | -$0.030.0% | -$0.04-33.3% | -$0.15-275.0% | -$0.030.0% | -$0.030.0% | -$0.030.0% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, EPS (Diluted), Diluted Shares (Avg).
NG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $598.7M+81.8% | $619.4M+507.1% | $335.9M+206.1% | $345.4M+201.0% | $329.3M+170.9% | $102.0M-19.6% | $109.8M-17.7% | $114.7M-16.9% |
| Current Assets | $376.0M+17.0% | $396.1M+318.6% | $117.5M+14.3% | $126.2M+17.8% | $321.4M+182.1% | $94.6M-21.1% | $102.8M-19.2% | $107.1M-18.8% |
| Cash & Equivalents | $78.2M-73.4% | $117.5M+245.9% | $110.1M+160.9% | $58.2M+27.6% | $293.7M+458.8% | $34.0M-9.4% | $42.2M-7.7% | $45.6M+3.4% |
| Short-Term Investments | $1.2M | $1.7M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0-100.0% | $0-100.0% | $4.4M+30.1% | $3.4M+11.7% | $2.7M-10.6% | $2.5M+4.4% | $3.4M+61.1% | $3.0M+40.0% |
| Total Liabilities | $177.7M+8.4% | $175.2M+10.8% | $172.1M+9.5% | $168.3M+10.3% | $164.0M+10.0% | $158.2M+10.6% | $157.2M+11.1% | $152.5M+10.5% |
| Current Liabilities | $3.3M-20.4% | $4.5M+125.6% | $4.9M+10.1% | $4.7M+30.6% | $4.2M+7.7% | $2.0M+8.0% | $4.5M+14.8% | $3.6M-9.3% |
| Non-Current Liabilities | $174.4M+9.1% | $170.7M+9.3% | $167.2M+9.5% | $163.6M+9.8% | $159.8M+10.1% | $156.2M+10.6% | $152.7M+11.0% | $148.9M+11.0% |
| Total Equity | $421.0M+154.7% | $444.2M+891.5% | $163.8M+445.4% | $177.1M+568.4% | $165.3M+701.6% | -$56.1M-248.2% | -$47.4M-476.6% | -$37.8M-92317.1% |
| Retained Earnings | -$2.2B-3.3% | -$2.2B-4.8% | -$2.2B-4.5% | -$2.2B-4.3% | -$2.2B-4.1% | -$2.1B-2.1% | -$2.1B-2.2% | -$2.1B-2.2% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
NG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$6.4M-292.9% | -$5.3M+3.6% | -$6.0M-196.9% | -$903K+77.6% | -$1.6M-36.2% | -$5.5M-1.6% | -$2.0M-11.6% | -$4.0M-210.0% |
| Depreciation & Amortization | $5K0.0% | $6K0.0% | $5K0.0% | $6K0.0% | $5K0.0% | $6K0.0% | $5K0.0% | $6K+200.0% |
| Stock-Based Compensation | $2.3M+60.9% | $1.9M+91.6% | N/A | $2.0M+288.3% | $1.4M-41.1% | $983K-59.2% | N/A | $515K-76.9% |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0-100.0% |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$4.0M-181.3% |
| Investing Cash Flow | -$32.8M-220.7% | -$281.4M-10471.6% | $58.0M+4747.4% | -$260.1M-9174.5% | $27.2M+67.0% | -$2.7M+7.6% | -$1.2M-135.6% | -$2.8M-74.4% |
| Financing Cash Flow | $0-100.0% | $294.0M+358636.6% | $1K | $25.5M+16329.9% | $234.1M+1377188.2% | -$82K | $0 | -$157K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
NG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | -6.1%+26.8pp | -3.5% | N/A | -8.8% | -32.8% | N/A | N/A | N/A |
| Return on Assets | -4.3%+12.2pp | -2.5%+6.4pp | N/A | -4.5%+4.8pp | -16.5%-5.2pp | -8.9%-0.8pp | N/A | -9.4%-1.3pp |
| Current Ratio | 112.82+36.1x | 88.72+40.9x | 23.79+0.9x | 26.91-2.9x | 76.72+47.4x | 47.82-17.6x | 22.91-9.7x | 29.83-3.5x |
| Debt-to-Equity | 0.42-0.6x | 0.39 | 1.05 | 0.95 | 0.99 | N/A | N/A | N/A |
| Asset Turnover | N/A | N/A | N/A | N/A | N/A | 0.000.0x | N/A | 0.00 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Novagold Rscs NG | FY2025 | $0 | -$94.7M | N/A | $3.7B | — |
| Fortuna Mining FSM | FY2025 | $947.1M | $311.1M | 32.9% | $3.6B | 36/100 |
| Sandstorm Gold SAND | FY2024 | $176.3M | $15.5M | 8.8% | $3.6B | 22/100 |
| Ssr Mng Inc SSRM | FY2025 | $1.6B | $395.8M | 24.3% | $7.7B | 55/100 |
| Eldorado Gold EGO | FY2025 | $1.8B | $504.3M | 27.7% | $11.3B | 39/100 |
| New Gold NGD | FY2024 | $924.5M | $102.6M | 11.1% | $7.2B | 35/100 |
Where Novagold Rscs Ranks
Frequently Asked Questions
What is Novagold Rscs's annual revenue?
Novagold Rscs (NG) reported $0 in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Novagold Rscs profitable?
No, Novagold Rscs (NG) reported a net income of -$94.7M in fiscal year 2025.
What is Novagold Rscs's EBITDA?
Novagold Rscs (NG) had EBITDA of -$47.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Novagold Rscs's return on equity (ROE)?
Novagold Rscs (NG) has a return on equity of -57.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Novagold Rscs's operating cash flow?
Novagold Rscs (NG) recorded an outflow of $14.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Novagold Rscs's total assets?
Novagold Rscs (NG) had $335.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Novagold Rscs's current ratio?
Novagold Rscs (NG) had a current ratio of 23.79 as of fiscal year 2025, which is generally considered healthy.
What is Novagold Rscs's debt-to-equity ratio?
Novagold Rscs (NG) had a debt-to-equity ratio of 1.05 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Novagold Rscs's return on assets (ROA)?
Novagold Rscs (NG) had a return on assets of -28.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Novagold Rscs's P/E ratio?
Novagold Rscs (NG) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $3.7B as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Novagold Rscs's price-to-sales ratio?
Novagold Rscs (NG) has no price-to-sales ratio at the moment: revenue is not positive (FY2025). The market capitalization is $3.7B as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Novagold Rscs's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Novagold Rscs (NG) held $114.5M in cash, cash equivalents and investments, and reported an operating cash outflow of $14.0M over that year. Dividing the one by the other, the reported balance equals about 98 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Novagold Rscs's Altman Z-Score?
Novagold Rscs (NG) has an Altman Z-Score of 3.50, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Novagold Rscs's Piotroski F-Score?
Novagold Rscs (NG) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Novagold Rscs's earnings high quality?
Novagold Rscs (NG) reported a net loss of $94.7M while operations used $14.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Novagold Rscs cover its interest payments?
Novagold Rscs (NG) reported an operating loss of $47.3M against $14.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.