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NovaGold Resources NG Operating Income

Discontinued — last reported Q4 '25

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Other financials

Income statement

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Revenue-
Net income-$25.5M-7.7%
EPS (diluted)-$0.03

Balance sheet

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Cash & equivalents$78.2M-73.4%
Total debt$173.6M+9.4%
Total equity$421.0M+155%
Total assets$598.7M+81.8%

Cash flow

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Operating cash flow-$6.4M-293%
CapEx--100%
Free cash flow-$4.0M-181%

Valuation

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Market cap$3.03B+29.4%
Enterprise value$3.12B+41.7%

Returns & leverage

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Return on equity-30.1%
Debt / equity0.4×-0.5×
Current ratio112.8×+36.1×

Where this comes from

Reported directly by NovaGold Resources in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: NovaGold Resources’s 10-K, filed January 22, 2026.

Filed
Jan 22, 2026, 7:56 AM EST
Fiscal year
FY2025
Accession
0001171843-26-000374
Line itemYears ended November 30, 2025Years ended November 30, 2024Years ended November 30, 2023
General and administrative (Note 13)$25,378$24,936$21,783
Equity loss – Donlin Gold (Note 5)21,91212,92118,529
47,29037,85740,312
Loss from operations(47,290)(37,857)(40,312)
Other (expense) income:
Warrant expense (Note 11)(39,607)
Interest expense – promissory note (Note 7)(14,774)(14,774)(13,063)
Interest and dividend income5,1145,3785,791

Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations

FAQ

What is NovaGold Resources's operating income?
NovaGold Resources (NG) reported operating income of -$11.82M in Q3 2025.
How has NovaGold Resources's operating income changed year-over-year?
NovaGold Resources's operating income decreased by 24.9% year-over-year, from -$9.46M to -$11.82M.
What is the long-term trend for NovaGold Resources's operating income?
Over 4 years (2021 to 2025), NovaGold Resources's operating income has grown at a 6.4% compound annual growth rate (CAGR), from -$36.84M to -$47.29M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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