NovaGold Resources Inc.

NG.TOTSXBasic Materials● Active

$10.07

$-0.11(-1.08%)

Market Cap$4.4B

P/E Ratio—

52W High$19.69

52W Low$4.97

Avg Volume557K

Open$10.33

Beta2.09

Free Cash Flow Financials Revenue

NovaGold Resources Inc. (NG.TO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

NG.TO · free cash flow · updated Jun 8, 2026

Core FCF metrics

NG.TO · FCF · TTM · margin & CAGR

Free cash flow was −$14.0M for FY2025 (fiscal year ending 2025-11-30), down 11.0% year-over-year

FY2025 Free Cash Flow−$14.0M▼ -11.0% YoY

Trailing 12M (TTM)−$13.8Mtrailing 4 quarters sum

FCF Margin——

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

NG.TO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$14.0M(0M)−$14.0M▼ 11.0%—

FY2024−$12.6M(0M)−$12.6M▼ 62.4%—

FY2023−$7.8M(0M)−$7.8M▲ +37.1%—

FY2022−$12.4M(0M)−$12.4M▼ 28.0%—

FY2021−$9.9M(0M)−$9.7M▲ +3.6%—

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

NG.TO · P/FCF · FCF yield · FCF per share

NovaGold Resources Inc. (NG.TO) reported negative free cash flow of −$0.01B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-11-30

Cash flow statement summary

NG.TO · cash flow statement · operating / investing / financing

For FY2025, NovaGold Resources Inc. generated −$14.0M in operating cash flow and spent 0M in capital expenditures, yielding −$14.0M in free cash flow.

Operating Activities

−$14.0M

Cash from core business operations

2025-11-30

Investing Activities

−$177.6M

CapEx, acquisitions & investments

2025-11-30

Financing Activities

+$259.5M

Buybacks, dividends & debt

2025-11-30

FCF FormulaOperating CF (−$14.0M) − |CapEx| (0M) = FCF (−$14.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Basic Materials)

NG.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

NovaGold Resources Inc.YOU

NG.TO

−$14.0M-11.0%—

Loss

Southern Copper Corporation

Basic Materials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

NovaGold Resources Inc. (NG.TO) reported free cash flow of −$14.0M for FY2025 (fiscal year ending 2025-11-30), down 11.0% year-over-year.

Based on available data, NovaGold Resources Inc. has maintained positive free cash flow for at least 1 fiscal year(s). FCF peaked at $92.1M in FY2018.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

NG.TO free cash flow · 8 questions

NovaGold Resources Inc. free cash flow was −$14.0M for FY2025, down 11.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$13.8M.

NG.TO free cash flowNG.TO FCFNG.TO FCF 2025NG.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · NovaGold Resources Inc. · NovaGold Resources Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026