Novagold Resources Inc (NG) financial statements: income statement, balance sheet and cash flow

Novagold Resources Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Nov 30, 2025 · FY), Novagold Resources Inc reported net income of ($94.7M) (-107.5% year on year).

Income statement

Novagold Resources Inc income statement, fiscal years

Line item	Nov 30, 2025 · FY	Nov 30, 2024 · FY	Nov 30, 2023 · FY	Nov 30, 2022 · FY
General and administrative (Note 13)	$25.4M	$24.9M	$21.8M	$20.1M
Equity loss – Donlin Gold (Note 5)	$21.9M	$12.9M	$18.5M	$28.2M
Operating Expenses	$47.3M	$37.9M	$40.3M	$48.3M
Loss from operations	($47.3M)	($37.9M)	($40.3M)	($48.3M)
Warrant expense (Note 11)	$39.6M	—	—	—
Interest expense - promissory note	($14.8M)	($14.8M)	($13.1M)	($8.0M)
Interest and dividend income	$5.1M	$5.4M	$5.8M	—
Accretion of notes receivable (Note 4)	$0	$0	$579.0K	$849.0K
Remediation expense	$0	($339.0K)	$541.0K	—
Other income, net (Note 12)	$1.9M	$2.7M	$782.0K	—
Loss before income taxes	($94.7M)	($44.9M)	($46.8M)	($53.4M)
Income tax expense	$0	($724.0K)	($39.0K)	$33.0K
Net loss	($94.7M)	($45.6M)	($46.8M)	($53.3M)
Foreign currency translation adjustments	$60.0K	($635.0K)	($54.0K)	($1.1M)
Comprehensive loss	($94.6M)	($46.3M)	($46.9M)	($54.5M)
Net loss per common share – basic and diluted (in dollars per share)	-$0.25	-$0.14	-$0.14	-$0.16
Basic and diluted (thousands) (in shares)	374.7M	334.5K	334.1K	333.2K

Novagold Resources Inc income statement, quarters

Line item	Aug 31, 2026 · Q3	May 31, 2026 · Q2	Feb 28, 2026 · Q1	Aug 31, 2025 · Q3
General & administrative (Note 11)	$12.0M	$8.9M	$8.7M	$6.3M
Equity loss – Donlin Gold (Note 5)	$24.0M	$16.9M	$6.2M	$7.5M
Operating Expenses	$36.0M	$25.8M	$14.9M	$13.7M
Loss from operations	($36.0M)	($25.8M)	($14.9M)	($13.7M)
Other (expense) income:	$0	$0	—	$0
Interest expense - promissory note (Note 7)	($3.9M)	($3.7M)	($3.6M)	($3.8M)
Interest income	$3.8M	$4.0M	$1.6M	$1.2M
Other (expense) income, net (Note 12)	$21.0K	($9.0K)	$1.4M	$670.0K
Net loss	($36.0M)	($25.5M)	($15.4M)	($15.6M)
Foreign currency translation adjustments	$0	$0	$0	$0
Comprehensive loss	($36.0M)	($25.5M)	($15.4M)	($15.6M)
Net loss per common share – basic and diluted (in dollars per share)	-$80.00	-$0.06	-$0.04	-$0.04
Basic and diluted (thousands) (in shares)	438.8M	438.8M	415.1M	406.5M

Balance sheet

Novagold Resources Inc balance sheet, fiscal years

Line item	Nov 30, 2025 · FY	Nov 30, 2024 · FY	Nov 30, 2023 · FY	Nov 30, 2022 · FY
Cash and cash equivalents	$110.1M	$42.2M	$45.7M	$63.9M
Term deposits	$5.0M	$59.0M	$80.0M	$62.0M
Other assets (Note 6)	$2.3M	$1.5M	$1.5M	$2.2M
Current assets	$117.5M	$102.8M	$127.2M	$152.5M
Investment in Donlin Gold (Note 5)	$213.2M	$2.6M	$3.1M	$3.8M
Other assets (Note 6)	$5.2M	$4.4M	$3.0M	$2.8M
Assets	$335.9M	$109.8M	$133.3M	$159.2M
Accounts payable and accrued liabilities	$2.0M	$1.4M	$703.0K	$769.0K
Accrued payroll and related benefits	$2.7M	$2.5M	$2.8M	$2.5M
Income taxes payable	$0	$220.0K	—	—
Other liabilities (Note 9)	$301.0K	$413.0K	$404.0K	$1.3M
Current liabilities	$4.9M	$4.5M	$3.9M	$4.6M
Promissory note (Note 7)	$166.3M	$151.5M	$136.7M	$123.7M
Other liabilities (Note 9)	$885.0K	$1.2M	$859.0K	$1.0M
Liabilities	$172.1M	$157.2M	$141.5M	$129.3M
Common Shares Authorized – 1,000 million shares, no par value Issued and outstanding – 406.9 and 334.6 million shares, respectively	2.3B	2.0B	2.0B	2.0B
Contributed surplus	$136.7M	$93.4M	$88.6M	$82.9M
Accumulated deficit	($2.2B)	($2.1B)	($2.1B)	($2.0B)
Accumulated other comprehensive loss	($25.0M)	($25.1M)	($24.5M)	($24.4M)
Equity, Attributable to Parent	$163.8M	($47.4M)	($8.2M)	$29.9M
Liabilities and Equity	$335.9M	$109.8M	$133.3M	$159.2M

Novagold Resources Inc balance sheet, quarters

Line item	Aug 31, 2026	May 31, 2026	Feb 28, 2026	Aug 31, 2025
Cash and cash equivalents	$146.4M	$78.2M	$117.5M	$58.2M
Term deposits	$197.0M	$292.0M	$275.0M	$67.0M
Other assets (Note 6)	$6.4M	$5.8M	$3.6M	$997.0K
Current assets	$349.8M	$376.0M	$396.1M	$126.2M
Investment in Donlin Gold (Note 5)	$222.9M	$222.0M	$222.5M	$214.9M
Other assets (Note 6)	$663.0K	$715.0K	$767.0K	$4.3M
Assets	$573.3M	$598.7M	$619.4M	$345.4M
Accounts payable and accrued liabilities	$5.3M	$1.4M	$3.4M	$2.2M
Accrued payroll and related benefits	$2.3M	$1.6M	$775.0K	$2.1M
Other liabilities (Note 8)	$279.0K	$340.0K	$324.0K	$335.0K
Current liabilities	$7.9M	$3.3M	$4.5M	$4.7M
Promissory note (Note 7)	$177.5M	$173.6M	$169.9M	$162.6M
Other liabilities (Note 8)	$666.0K	$745.0K	$823.0K	$962.0K
Liabilities	$186.0M	$177.7M	$175.2M	$168.3M
Common shares	2.5B	2.5B	2.5B	2.3B
Contributed surplus	$140.1M	$138.1M	$135.9M	$134.9M
Accumulated deficit	($2.3B)	($2.2B)	($2.2B)	($2.2B)
Accumulated other comprehensive loss	($25.0M)	($25.0M)	($25.0M)	($25.0M)
Equity, Attributable to Parent	$387.3M	$421.0M	$444.2M	$177.1M
Liabilities and Equity	$573.3M	$598.7M	$619.4M	$345.4M

Cash flow statement

Novagold Resources Inc cash flow statement, fiscal years

Line item	Nov 30, 2025 · FY	Nov 30, 2024 · FY	Nov 30, 2023 · FY	Nov 30, 2022 · FY
Net loss	($94.7M)	($45.6M)	($46.8M)	($53.3M)
Equity loss – Donlin Gold	$21.9M	$12.9M	$18.5M	$28.2M
Share-based compensation	$6.7M	$7.2M	$8.7M	$8.2M
Warrant expense (Note 11)	$39.6M	—	—	—
Remediation expense	$0	$339.0K	$541.0K	$366.0K
Accretion of notes receivable	$0	$0	($579.0K)	($849.0K)
Interest expense on promissory note	$14.8M	$14.8M	$13.1M	$8.0M
Gain on sale of mineral property	$0	($743.0K)	($556.0K)	$0
Change in fair value of marketable securities	($2.0M)	($1.4M)	($269.0K)	($189.0K)
Foreign exchange (gain) loss	$132.0K	($516.0K)	$43.0K	($595.0K)
Other operating adjustments	$20.0K	$35.0K	$49.0K	($44.0K)
Other assets	$842.0K	—	—	—
Accounts payable and accrued liabilities	$610.0K	—	—	—
Accrued payroll and related benefits	$173.0K	—	—	—
Income taxes payable	($220.0K)	—	—	—
Remediation liability	($220.0K)	—	—	—
Net cash used in operating activities	($14.0M)	($12.6M)	($7.8M)	($12.4M)
Proceeds from term deposits	$59.0M	$140.0M	$148.0M	$148.0M
Purchases of term deposits	($5.0M)	($119.0M)	($166.0M)	($132.0M)
Funding of Donlin Gold	($22.5M)	($12.4M)	($17.8M)	($28.4M)
Investment in Donlin Gold (Note 5)	($210.1M)	—	—	—
Proceeds from note receivable	$0	$0	$25.0M	$0
Proceeds from disposal of equity securities (Note 15)	$952.0K	—	—	—
Proceeds from sale of mineral property	$0	$743.0K	$556.0K	$0
Other	$0	$59.0K	($132.0K)	$73.0K
Net cash provided from investing activities	($177.6M)	$9.4M	($10.3M)	($12.4M)
Equity issuances (Note 11)	$270.8M	—	—	—
Equity issuance costs (Note 11)	$11.2M	—	—	—
Withholding tax on share-based compensation	$81.0K	$174.0K	$0	($2.1M)
Net cash used in financing activities	$259.5M	($174.0K)	$0	($2.1M)
Effect of exchange rate changes on cash and cash equivalents	$7.0K	($64.0K)	($19.0K)	($387.0K)
Net change in cash and cash equivalents	$67.9M	($3.5M)	($18.1M)	($27.2M)
Cash and cash equivalents at beginning of year	$42.2M	$45.7M	$63.9M	$91.1M
Cash and cash equivalents at end of year	$110.1M	$42.2M	$45.7M	$63.9M

Novagold Resources Inc cash flow statement, quarters

Line item	Aug 31, 2026 · YTD	May 31, 2026 · YTD	Feb 28, 2026 · Q1	Aug 31, 2025 · YTD
Net loss	($77.0M)	($40.9M)	($15.4M)	($79.0M)
Equity loss – Donlin Gold (Note 5)	($47.0M)	$23.1M	$6.2M	$16.2M
Share-based compensation (Note 13)	$6.4M	$4.2M	$1.9M	$4.4M
Other (expense) income:	$0	$0	—	$39.6M
Interest expense on promissory note	$11.2M	$7.4M	$3.6M	$11.1M
Change in fair value of marketable securities (Note 12)	$1.4M	($1.3M)	($1.3M)	($945.0K)
Foreign exchange (gain) loss	$80.0K	($86.0K)	($148.0K)	$41.0K
Other operating adjustments	$10.0K	$11.0K	$6.0K	$18.0K
Other assets	$4.0M	$2.2M	($410.0K)	$502.0K
Accounts payable and accrued liabilities	$3.3M	($598.0K)	$1.4M	$854.0K
Accrued payroll and related benefits	($340.0K)	($1.0M)	($1.9M)	($357.0K)
Income taxes payable	$0	$0	$0	($220.0K)
Remediation liability	($112.0K)	($19.0K)	($6.0K)	($160.0K)
Net cash used in operating activities	($14.9M)	($11.7M)	($5.3M)	($8.0M)
Proceeds from term deposits	$130.0M	$5.0M	$5.0M	$185.0M
Purchases of term deposits	($322.0M)	($292.0M)	($275.0M)	($193.0M)
Funding of Donlin Gold	($56.7M)	($31.9M)	($15.5M)	($18.5M)
Investment in Donlin Gold (Note 5)	$0	—	—	($210.1M)
Proceeds from sale of marketable securities	$5.9M	$4.6M	$4.1M	$952.0K
Net cash used in investing activities	($242.8M)	($314.3M)	($281.4M)	($235.6M)
Proceeds from issuance of equity (Note 9)	$310.2M	$310.2M	$310.2M	$270.8M
Payments for costs related to equity issuance (Note 9)	$16.2M	$16.2M	$16.2M	($11.2M)
Payments of withholding tax on share-based compensation	$0	$0	$0	($82.0K)
Net cash provided by (used in) financing activities	$294.0M	$294.0M	$294.0M	$259.5M
Effect of exchange rate changes on cash and cash equivalents	$2.0K	($9.0K)	$29.0K	$44.0K
Net change in cash and cash equivalents	$36.2M	($31.9M)	$7.3M	$15.9M
Cash and cash equivalents at beginning of period	$110.1M	$110.1M	$110.1M	$42.2M
Cash and cash equivalents at end of period	$146.4M	$78.2M	$117.5M	$58.2M
Interest and dividends received	$4.7M	$2.2M	$1.1M	—
Income taxes paid	$0	$0	$0	—

Novagold Resources Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.