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Gold · Basic Materials · Fiscal year ends Nov 30
Novagold Resources reported revenue of $0 in the fiscal year ended Nov 2025. Net income was −$95M. Net debt was $56M.
Ranks among the 26 gold companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Nov 2021 | Nov 2022 | Nov 2023 | Nov 2024 | Nov 2025 |
|---|---|---|---|---|---|
| Revenue | 0.0 | – | – | 0.0 | 0.0 |
| Operating income | −36.8 | −48.3 | −40.3 | −37.9 | −47.3 |
| Interest expense | 5.9 | 8.0 | 13.1 | 14.8 | 14.8 |
| Pre-tax income | −40.4 | −53.4 | −46.8 | −44.9 | −94.7 |
| Income tax | 0.1 | −0.0 | 0.0 | 0.7 | 0.0 |
| Net income | −40.5 | −53.3 | −46.8 | −45.6 | −94.7 |
| Diluted EPS | −0.12 | −0.16 | −0.14 | −0.14 | −0.25 |
| Diluted shares | 332 | – | – | – | – |
| Fiscal year | Nov 2021 | Nov 2022 | Nov 2023 | Nov 2024 | Nov 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 91.1 | 63.9 | 45.7 | 42.2 | 110 |
| Receivables | 0.0 | 0.3 | – | – | – |
| Current assets | 169 | 153 | 127 | 103 | 117 |
| Total assets | 199 | 159 | 133 | 110 | 336 |
| Payables | 0.7 | 0.8 | 0.7 | 1.4 | 2.0 |
| Current liabilities | 4.4 | 4.6 | 3.9 | 4.5 | 4.9 |
| Long-term debt | 116 | 124 | 137 | 152 | 166 |
| Total liabilities | 121 | 129 | 142 | 157 | 172 |
| Shareholders' equity | 78.3 | 29.9 | −8.2 | −47.4 | 164 |
| Fiscal year | Nov 2021 | Nov 2022 | Nov 2023 | Nov 2024 | Nov 2025 |
|---|---|---|---|---|---|
| Operating cash flow | −9.9 | −12.4 | −7.8 | −12.6 | −14.0 |
| Depreciation & amortisation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Stock-based compensation | 8.2 | 8.2 | 8.7 | 7.2 | 6.7 |
| Fiscal year | Nov 2021 | Nov 2022 | Nov 2023 | Nov 2024 | Nov 2025 |
|---|---|---|---|---|---|
| Return on equityBlank when equity is negative | −51.8% | −178.4% | – | – | −57.8% |
| ROCEEBIT ÷ (assets − current liabilities) | −18.9% | −31.2% | −31.2% | −36.0% | −14.3% |
| Cash conversion (CFO ÷ net income) | 0.24x | 0.23x | 0.17x | 0.28x | 0.15x |
| Interest cover | −6.22x | −6.06x | −3.09x | −2.56x | −3.20x |
| Debt ÷ equity | 1.48x | 4.14x | – | – | 1.02x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 24.6 | 59.8 | 91.0 | 109 | 56.2 |
| Current ratio | 38.7x | 33.2x | 32.6x | 22.9x | 23.8x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.