NovaGold Resources Inc. (NG) Financials

FY2025 annual

Revenue $0 YoY not available

Net Income -$94.7M -107.5% YoY

EPS (Diluted) Not reported for FY2025

Operating Cash Flow -$14.0M -11.0% YoY

Market Cap $2.8B as of Oct 20, 2026

Price / Sales n/m revenue is not positive, FY2025

Price / Earnings n/m net loss, so no earnings multiple, FY2025

Price / Book 7.3x on $387.3M equity, Q3 FY2026

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 Oct 20, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Aug 31, 2026 Reported Oct 8, 2026 Currency USD FYE November

Newest figures come from the 10-Q for Q3 FY2026, filed Oct 8, 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 Resources Inc. (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).

Rhea AI NG FY2025 2026-10-03

NovaGold remains a pre-revenue developer, funding persistent operating losses through new capital while its balance sheet rebuilt in FY2025.

The FY2025 net loss of $94.7M was far larger than operating cash outflow of $14.0M, indicating that non-cash or below-operating-line charges drove much of the earnings deterioration. At the same time, $259.5M of financing alongside $177.6M of investing outflow lifted total assets, showing that expansion was funded externally rather than by operations.

Operating losses stayed within roughly $37M to $48M from FY2021 through FY2025 while operating cash flow remained negative in every reported year. That pattern describes a development-stage funding model, not a sales-funded operating business.

Equity moved from -$47.4M in FY2024 to $163.8M in FY2025, while shares outstanding increased from 334.6M to 407.0M; the recapitalization repaired the balance sheet but also expanded the share base. Reported liquidity represented 98 months of the latest annual operating outflow, a substantial cash comparison that does not change the company's reliance on external funding.

Financial Health Signals

Financial health score not available

NovaGold Resources Inc. 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.

Altman Z-Score Distress

0.67

NovaGold Resources Inc. scores 0.67, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2.8B) relative to total liabilities ($172.1M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

3/7

NovaGold Resources Inc. 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.

Earnings Quality No Cash Backing

N/A

NovaGold Resources Inc. 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.

Interest Coverage At Risk

N/A

NovaGold Resources Inc. 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

Export CSV

Earnings & Revenue

EBITDA

-$36.0M

YoY-162.3%

QoQ-39.6%

NovaGold Resources Inc.'s EBITDA was -$36.0M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 162.3% from the same quarter a year earlier. Against the prior quarter it is down 39.6%.

Net Income

-$36.0M

YoY-130.3%

QoQ-41.4%

NovaGold Resources Inc. reported -$36.0M in net income in Q3 2026. This represents a decrease of 130.3% from the same quarter a year earlier. Against the prior quarter it is down 41.4%.

Revenue

Not reported for Q3 2026.

EPS (Diluted)

Not reported for Q3 2026.

Cash & Balance Sheet

Cash & Debt

$146.4M

YoY+151.7%

QoQ+87.2%

5Y CAGR+4.4%

10Y CAGR+17.8%

NovaGold Resources Inc. held $146.4M in cash as of Q3 2026; long-term debt is not reported for that period.

Shares Outstanding

439M

YoY+7.8%

QoQ0.0%

5Y CAGR+5.8%

10Y CAGR+3.2%

NovaGold Resources Inc. had 439M shares outstanding in Q3 2026. This represents an increase of 7.8% from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q3 2026.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Return on Equity

-9.3%

YoY-0.5pp

QoQ-3.3pp

NovaGold Resources Inc.'s ROE was -9.3% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is down 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.3 percentage points.

Gross Margin

Not reported for Q3 2026.

Operating Margin

Not reported for Q3 2026.

Net Margin

Not reported for Q3 2026.

Capital Allocation

None of these metrics is reported for Q3 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.

NG quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	N/A	$0	$0	N/A	N/A	$0	$0	$0	$0	$0	$0	$0	$0	N/A	N/A	N/A
SG&A Expenses	N/A	$25.4M+1.8%	$24.9M+14.5%	$21.8M+8.3%	$20.1M-0.5%	$20.2M+7.9%	$18.7M+14.8%	$16.3M-11.7%	$18.5M-11.1%	$20.8M+3.1%	$20.2M+1.3%	$19.9M-9.8%	$22.1M-18.2%	$27.0M-31.0%	$39.1M+49.3%	$26.2M
Operating Income	N/A	-$47.3M-24.9%	-$37.9M+6.1%	-$40.3M+16.5%	-$48.3M-31.0%	-$36.8M-10.8%	-$33.2M-24.0%	-$26.8M+1.8%	-$27.3M+14.8%	-$32.0M-10.4%	-$29.0M+8.5%	-$31.7M+16.6%	-$38.0M+31.9%	-$55.8M+30.2%	-$79.9M+31.1%	-$116.0M
EBITDA	N/A	-$47.3M-24.9%	-$37.8M+6.1%	-$40.3M+16.5%	-$48.3M-31.1%	-$36.8M-10.8%	-$33.2M-24.0%	-$26.8M+1.7%	-$27.3M+14.7%	-$32.0M-10.4%	-$29.0M+8.5%	-$31.7M+16.6%	-$38.0M+31.9%	-$55.7M+30.2%	-$79.8M+30.5%	-$114.9M
Interest Expense	N/A	$14.8M0.0%	$14.8M+13.1%	$13.1M+64.1%	$8.0M+34.4%	$5.9M-1.5%	$6.0M-17.5%	$7.3M+12.8%	$6.5M+23.6%	$5.2M+14.9%	$4.6M-12.3%	$5.2M-24.1%	$6.8M-45.8%	$12.6M-17.6%	$15.3M+8.2%	$14.1M
Income Tax	N/A	$0-100.0%	$724K+1756.4%	$39K+218.2%	-$33K-124.1%	$137K+117.5%	-$781K-161.1%	$1.3M+143.0%	$526K+71.3%	$307K+10.8%	$277K+81.0%	$153K-41.8%	$263K-93.2%	$3.9M+150.3%	-$7.7M-150.5%	$15.4M
Net Income	N/A	-$94.7M-107.5%	-$45.6M+2.5%	-$46.8M+12.3%	-$53.3M-31.6%	-$40.5M-20.8%	-$33.6M-20.9%	-$27.8M+75.4%	-$112.8M-189.0%	-$39.0M-15.3%	-$33.8M-5.9%	-$32.0M+21.1%	-$40.5M+35.5%	-$62.8M-430.6%	-$11.8M-126.2%	$45.1M
EPS (Basic)	N/A	-$0.25-78.6%	-$0.140.0%	-$0.14+12.5%	-$0.16-33.3%	-$0.12-20.0%	-$0.10	N/A	N/A	N/A	N/A	N/A	N/A	-$0.20-300.0%	-$0.05-126.3%	$0.19
EPS (Diluted)	—	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$0.20-300.0%	-$0.05	$0.07
Diluted Shares (Avg)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	313,372+15.1%	272,243	277,576

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	$0	N/A
SG&A Expenses	$12.0M+91.8%	$8.9M+53.3%	$8.7M+81.2%	N/A	$6.3M+22.6%	$5.8M-23.5%	$4.8M-23.3%	N/A
Operating Income	-$36.0M-162.3%	-$25.8M-110.0%	-$14.9M-110.0%	N/A	-$13.7M-73.0%	-$12.3M-5.9%	-$7.1M+23.0%	N/A
EBITDA	-$36.0M-162.3%	-$25.8M-110.0%	-$14.9M-110.1%	N/A	-$13.7M-73.1%	-$12.3M-5.9%	-$7.1M+23.0%	N/A
Interest Expense	$3.9M+0.8%	$3.7M+1.0%	$3.6M+1.2%	N/A	$3.8M-0.2%	$3.7M+0.1%	$3.6M-0.9%	N/A
Income Tax	N/A	N/A	N/A	N/A	$0-100.0%	$0-100.0%	$0-100.0%	N/A
Net Income	-$36.0M-130.3%	-$25.5M+53.0%	-$15.4M-69.3%	N/A	-$15.6M-45.6%	-$54.3M-296.2%	-$9.1M+11.6%	N/A
EPS (Basic)	-$0.08-100.0%	-$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%

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

NG quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$335.9M+206.1%	$109.8M-17.7%	$133.3M-16.3%	$159.2M-19.9%	$198.9M-11.4%	$224.4M-8.7%	$245.8M-5.8%	$260.9M-34.5%	$398.7M-2.4%	$408.3M-5.8%	$433.6M-17.3%	$524.5M-9.4%	$578.7M-15.6%	$685.2M	N/A
Current Assets	$117.5M+14.3%	$102.8M-19.2%	$127.2M-16.6%	$152.5M-10.0%	$169.5M-13.7%	$196.4M+30.6%	$150.3M-11.2%	$169.4M+99.7%	$84.8M-21.0%	$107.3M-17.5%	$130.0M-23.1%	$169.1M-14.1%	$196.8M-24.0%	$258.9M	N/A
Cash & Equivalents	$110.1M+160.9%	$42.2M-7.7%	$45.7M-28.4%	$63.9M-29.9%	$91.1M+49.6%	$60.9M-9.8%	$67.5M+221.6%	$21.0M-24.9%	$28.0M-7.7%	$30.3M-27.5%	$41.7M-40.7%	$70.3M-13.5%	$81.3M-68.1%	$254.7M+329.0%	$59.4M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$85.0M-10.5%	$95.0M-13.6%	$110.0M	$0	$0
Accounts Receivable	N/A	N/A	N/A	$301K	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Investments	$4.4M+30.1%	$3.4M+61.1%	$2.1M+13.9%	$1.8M+0.8%	$1.8M+30.5%	$1.4M+49.9%	$935K+11.4%	$839K-42.1%	$1.4M+29.6%	$1.1M+95.6%	$571K-36.6%	$901K	$0	$0	$0
Total Liabilities	$172.1M+9.5%	$157.2M+11.1%	$141.5M+9.5%	$129.3M+7.2%	$120.6M+6.0%	$113.7M+5.4%	$107.9M+7.6%	$100.2M-12.6%	$114.6M+6.1%	$108.0M+3.6%	$104.3M-12.7%	$119.4M+5.7%	$113.0M-45.8%	$208.4M	N/A
Current Liabilities	$4.9M+10.1%	$4.5M+14.8%	$3.9M-15.1%	$4.6M+4.9%	$4.4M+24.9%	$3.5M+5.0%	$3.3M-8.7%	$3.7M+7.0%	$3.4M+12.2%	$3.1M-13.2%	$3.5M-81.7%	$19.2M+341.7%	$4.4M-96.2%	$113.5M	N/A
Non-Current Liabilities	$167.2M+9.5%	$152.7M+11.0%	$137.6M+10.4%	$124.7M+7.3%	$116.2M+5.4%	$110.2M+5.4%	$104.5M+8.2%	$96.6M-13.2%	$111.2M+6.0%	$104.9M+4.1%	$100.8M+0.6%	$100.2M-7.8%	$108.7M+14.5%	$94.9M	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$80.3M+5.4%	$76.2M-10.7%	$85.3M+25.2%	$68.1M	N/A
Total Equity	$163.8M+445.4%	-$47.4M-476.6%	-$8.2M-127.5%	$29.9M-61.8%	$78.3M-29.3%	$110.7M-19.7%	$138.0M-14.1%	$160.7M-43.4%	$284.0M-5.4%	$300.3M-8.8%	$329.3M-18.7%	$405.1M-13.0%	$465.6M-2.3%	$476.8M+124.3%	$212.6M
Retained Earnings	-$2.2B-4.5%	-$2.1B-2.2%	-$2.1B-2.3%	-$2.0B-2.7%	-$2.0B-2.1%	-$1.9B-1.8%	-$1.9B-1.5%	-$1.9B-6.5%	-$1.7B-2.3%	-$1.7B-2.0%	-$1.7B-1.9%	-$1.6B	N/A	N/A	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$573.3M+66.0%	$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%
Current Assets	$349.8M+177.2%	$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%
Cash & Equivalents	$146.4M+151.7%	$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%
Short-Term Investments	$0	$1.2M	$1.7M	$0	$0	$0	$0	$0
Long-Term Investments	$0-100.0%	$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%
Total Liabilities	$186.0M+10.6%	$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%
Current Liabilities	$7.9M+67.6%	$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%
Non-Current Liabilities	$178.2M+8.9%	$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%
Total Equity	$387.3M+118.6%	$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%
Retained Earnings	-$2.3B-4.2%	-$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%

Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.

NG Cash Flow Statement

NG quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	-$21.0M	-$14.0M-11.0%	-$12.6M-62.4%	-$7.8M+37.1%	-$12.4M-25.4%	-$9.9M+1.6%	-$10.0M-63.5%	-$6.1M+41.0%	-$10.4M-28.7%	-$8.1M+9.6%	-$8.9M+15.7%	-$10.6M-8.1%	-$9.8M	N/A	N/A	N/A
Depreciation & Amortization	N/A	$22K0.0%	$22K+120.0%	$10K+42.9%	$7K0.0%	$7K0.0%	$7K-53.3%	$15K-31.8%	$22K-35.3%	$34K+3.0%	$33K-5.7%	$35K-2.8%	$36K-2.7%	$37K-64.4%	$104K-90.6%	$1.1M
Stock-Based Compensation	N/A	$6.7M-7.5%	$7.2M-17.1%	$8.7M+6.3%	$8.2M-0.3%	$8.2M+16.7%	$7.1M+14.3%	$6.2M-20.1%	$7.7M-24.9%	$10.3M+0.3%	$10.3M+8.2%	$9.5M-7.0%	$10.2M-17.1%	$12.3M-38.1%	$19.9M+121.0%	$9.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$21K-73.1%	$78K-22.0%	$100K	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$9.8M	N/A	N/A	N/A
Investing Cash Flow	-$184.8M	-$177.6M-1998.1%	$9.4M+190.6%	-$10.3M+16.5%	-$12.4M-130.6%	$40.4M+755.0%	$4.7M-91.2%	$53.9M+1426.7%	$3.5M-39.2%	$5.8M+225.2%	$1.8M+285.1%	-$964K	N/A	N/A	N/A	N/A
Financing Cash Flow	$294.0M	$259.5M+149240.8%	-$174K	$0+100.0%	-$2.1M-190.3%	-$731K+55.8%	-$1.7M-38.0%	-$1.2M	$0+100.0%	-$196K+95.4%	-$4.3M+74.3%	-$16.7M	N/A	N/A	N/A	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	-$3.3M-261.1%	-$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%
Depreciation & Amortization	$6K0.0%	$5K0.0%	$6K0.0%	$5K0.0%	$6K0.0%	$5K0.0%	$6K0.0%	$5K0.0%
Stock-Based Compensation	$2.3M+13.9%	$2.3M+60.9%	$1.9M+91.6%	N/A	$2.0M+288.3%	$1.4M-41.1%	$983K-59.2%	N/A
Investing Cash Flow	$71.4M+127.5%	-$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%
Financing Cash Flow	$0-100.0%	$0-100.0%	$294.0M+358636.6%	$1K	$25.5M+16329.9%	$234.1M+1377188.2%	-$82K	$0

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, 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.

NG quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Return on Equity	-57.8%	N/A	N/A	-178.4%-126.6pp	-51.8%-21.5pp	-30.3%-10.2pp	-20.1%+50.1pp	-70.2%-56.4pp	-13.7%-2.5pp	-11.3%-1.6pp	-9.7%+0.3pp	-10.0%+3.5pp	-13.5%-11.0pp	-2.5%-23.7pp	21.2%
Return on Assets	-28.2%+13.4pp	-41.6%-6.5pp	-35.1%-1.6pp	-33.5%-13.1pp	-20.4%-5.4pp	-14.9%-3.7pp	-11.3%+31.9pp	-43.2%-33.4pp	-9.8%-1.5pp	-8.3%-0.9pp	-7.4%+0.4pp	-7.7%+3.1pp	-10.8%-9.1pp	-1.7%	N/A
Current Ratio	23.79+0.9x	22.91-9.7x	32.57-0.6x	33.17-5.5x	38.66-17.3x	55.97+11.0x	44.97-1.3x	46.28+21.5x	24.79-10.4x	35.18-1.8x	36.98+28.2x	8.79-36.4x	45.21+42.9x	2.28	N/A
Debt-to-Equity	1.05	N/A	N/A	4.32+2.8x	1.54+0.5x	1.03+0.2x	0.78+0.2x	0.62+0.2x	0.400.0x	0.36+0.1x	0.24+0.1x	0.190.0x	0.180.0x	0.14	N/A
Asset Turnover	0.000.0x	0.00	N/A	N/A	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.000.0x	0.00	N/A	N/A	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Return on Equity	-9.3%-0.5pp	-6.1%+26.8pp	-3.5%	N/A	-8.8%	-32.8%	N/A	N/A
Return on Assets	-6.3%-1.8pp	-4.3%+12.2pp	-2.5%+6.4pp	N/A	-4.5%+4.8pp	-16.5%-5.2pp	-8.9%-0.8pp	N/A
Current Ratio	44.51+17.6x	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
Debt-to-Equity	0.48-0.5x	0.42-0.6x	0.39	1.05	0.95	0.99	N/A	N/A
Asset Turnover	N/A	N/A	N/A	N/A	N/A	N/A	0.000.0x	N/A

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 Resources Inc. NG	FY2025	$0	-$94.7M	N/A	$2.8B	—
Fortuna Mining Corp. FSM	FY2025	$947.1M	$311.1M	32.9%	$3.1B	36/100
Sandstorm Gold Ltd SAND	FY2024	$176.3M	$15.5M	8.8%	$3.6B	22/100
SSR Mining Inc. SSRM	FY2025	$1.6B	$395.8M	24.3%	$6.4B	55/100
Eldorado Gold Corporation EGO	FY2025	$1.8B	$504.3M	27.7%	$9.2B	39/100
New Gold Inc. NGD	FY2024	$924.5M	$102.6M	11.1%	$7.2B	35/100

Where NovaGold Resources Inc. Ranks

Frequently Asked Questions

What is NovaGold Resources Inc.'s annual revenue?

NovaGold Resources Inc. (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 Resources Inc. profitable?

No, NovaGold Resources Inc. (NG) reported a net income of -$94.7M in fiscal year 2025.

What is NovaGold Resources Inc.'s EBITDA?

NovaGold Resources Inc. (NG) had EBITDA of -$47.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is NovaGold Resources Inc.'s return on equity (ROE)?

NovaGold Resources Inc. (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 Resources Inc.'s operating cash flow?

NovaGold Resources Inc. (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 Resources Inc.'s total assets?

NovaGold Resources Inc. (NG) had $335.9M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does NovaGold Resources Inc. have outstanding?

NovaGold Resources Inc. (NG) had 407M shares outstanding as of fiscal year 2025.

What is NovaGold Resources Inc.'s current ratio?

NovaGold Resources Inc. (NG) had a current ratio of 23.79 as of fiscal year 2025, which is generally considered healthy.

What is NovaGold Resources Inc.'s debt-to-equity ratio?

NovaGold Resources Inc. (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 Resources Inc.'s return on assets (ROA)?

NovaGold Resources Inc. (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 Resources Inc.'s P/E ratio?

NovaGold Resources Inc. (NG) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $2.8B as of Oct 20, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is NovaGold Resources Inc.'s price-to-sales ratio?

NovaGold Resources Inc. (NG) has no price-to-sales ratio at the moment: revenue is not positive (FY2025). The market capitalization is $2.8B as of Oct 20, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

How does NovaGold Resources Inc.'s liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, NovaGold Resources Inc. (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 Resources Inc.'s Altman Z-Score?

NovaGold Resources Inc. (NG) has an Altman Z-Score of 0.67, placing it in the Distress Zone (elevated 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 Resources Inc.'s Piotroski F-Score?

NovaGold Resources Inc. (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 Resources Inc.'s earnings high quality?

NovaGold Resources Inc. (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 Resources Inc. cover its interest payments?

NovaGold Resources Inc. (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.