TWO
Two Harbors Investment Corp.
NYSE · Real Estate · REIT - Mortgage · US
$12.18
+1.08%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 858.3M | 605.6M | 845.8M | 640.5M | 12.6M |
| Cost of Revenue | 188.8M | 12.7M | (38.5M) | 74.1M | 94.1M |
| Gross Profit | 669.5M | 592.9M | 884.3M | 566.4M | (81.5M) |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 118.0M | — | — | — | — |
| General & Admin Expense | 143.9M | — | — | — | — |
| Selling & Marketing Expense | (26.0M) | — | — | — | — |
| Other Expenses | 124.2M | 177.1M | (66.8M) | 6.5M | (664.4M) |
| Total Operating Expenses | 242.2M | 177.1M | (66.8M) | 6.5M | (664.4M) |
| Cost and Expenses | 431.0M | 189.8M | (105.2M) | 80.7M | (570.2M) |
| Operating Income (EBIT) | 427.4M | 415.8M | 951.1M | 559.8M | 582.8M |
| Non-Operating | |||||
| Interest Income | 355.7M | 412.0M | 450.2M | 480.4M | 295.5M |
| Interest Expense | 407.2M | 490.9M | 607.8M | 643.2M | 258.4M |
| Net Interest Income | (51.5M) | (78.9M) | (157.7M) | (162.9M) | 37.1M |
| Other Non-Op Income/Expense | (432.3M) | (861.2M) | (606.3M) | (643.2M) | (258.4M) |
| Non-Operating Income (excl Interest) | 114.3M | 370.3M | (1.5M) | — | — |
| EBT (Pre-Tax Income) | (4.9M) | (445.4M) | 344.8M | (83.4M) | 324.5M |
| Income Tax Expense | 16.8M | 8.9M | 46.6M | 23.0M | 104.2M |
| Bottom Line | |||||
| Net Income | (21.7M) | (454.3M) | 298.2M | (106.4M) | 220.2M |
| Earnings from Cont. Ops | (21.7M) | (454.3M) | 298.2M | (106.4M) | 220.2M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | (60.7M) | (455.6M) | 297.1M | (103.4M) | 240.4M |
| Per Share | |||||
| Basic EPS | ($0.73) | ($4.36) | $2.41 | ($1.60) | $2.15 |
| Diluted EPS | ($0.74) | ($4.36) | $2.37 | ($1.60) | $2.13 |
| Revenue Per Share | $8.17 | $5.81 | $8.17 | $6.69 | $0.13 |
| Shares | |||||
| Basic Shares Outstanding | 105.1M | 104.2M | 103.6M | 95.7M | 96.1M |
| Diluted Shares Outstanding | 107.3M | 104.2M | 113.1M | 95.7M | 96.1M |
| Profitability Metrics | |||||
| EBITDA | 318.2M | 45.5M | 952.6M | 559.8M | 582.8M |
| D&A | 5.2M | — | — | — | — |
| EBIT | 313.1M | 45.5M | 952.6M | 559.8M | 582.8M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026