TWO - NYSE
Two Harbors Investment Corp.
$12.38
-0.28%Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions. The company qualifies as a REIT for federal income tax purposes. As a REIT, the company must distribute at least 90% of annual taxable income to its stockholders. Two Harbors Investment Corp. was incorporated in 2009 and is headquartered in Minnetonka, Minnesota.
At a Glance
Live SnapshotTwo Harbors Investment Corp. Profit Bridge
Profitability Analysis
Gross Margin
Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.
Operating Margin
Outstanding operational efficiency. The company generates substantial profit from core operations.
Net Profit Margin
Net losses indicate the company is burning cash. Sustainability depends on path to profitability.
Profitability Insight
Interest or tax burden: Strong operational performance but thin net margins indicate high interest expenses or unfavorable tax position eating into profits.
Two Harbors Investment Corp. Income Statement
TWO • NYSE
| Two Harbors Investment Corp. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | |||||||||||||||||||
605.6M | 845.8M | 640.5M | 12.6M | -142.9M | -1.6B | 427.6M | 185.7M | 392.4M | 484.6M | 599.1M | 184.5M | 728M | 296M | 178.9M | 35.7M | 3.4M | 4.4M | 0.0 | |
GROSS PROFIT | |||||||||||||||||||
(12.7M) | -38.5M | (74.1M) | (94.1M) | (86.3M) | (0.0) | (57.1M) | (91.4M) | (54.2M) | (63.5M) | (64.2M) | (56.2M) | (7.9M) | (17.7M) | (5.1M) | (4.6M) | (326K) | (0.0) | (0.0) | |
592.9M | 884.3M | 566.4M | -81.5M | -229.2M | -1.6B | 370.5M | 94.3M | 338.2M | 421.2M | 535M | 128.3M | 720M | 278.4M | 173.8M | 31.1M | 3.1M | 4.4M | 0.0 | |
OPERATING INCOME | |||||||||||||||||||
(177.1M) | -66.8M | (6.5M) | -664.4M | -509.8M | (39.1M) | (60.4M) | (33.3M) | (382.7M) | (40.5M) | (45.6M) | (353.8M) | (56.3M) | (150M) | (24M) | (7.6M) | (12.2M) | (1.1M) | (141K) | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (37.7M) | (60.1M) | (30.3M) | (40.5M) | (46.4M) | (50.3M) | (48.8M) | (41.7M) | (33.2M) | (24M) | (7.6M) | (9.6M) | (1.1M) | (141K) | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (1.3M) | (0.0) | (0.0) | |
415.8M | 951.1M | 559.8M | 582.8M | 280.6M | -1.7B | 310.4M | 517.2M | 308.2M | 587.5M | 492.2M | 167.1M | 763.9M | 287.4M | 149.8M | 28.1M | -9.8M | -1.1M | -141K | |
PRE-TAX INCOME | |||||||||||||||||||
(490.9M) | (607.8M) | (643.2M) | (258.4M) | (89.2M) | (281.2M) | (714.3M) | (519.7M) | (350.2M) | (221.9M) | (142.2M) | (107.5M) | (100.4M) | (72.1M) | (22.7M) | (4.4M) | (131K) | (0.0) | (0.0) | |
-78.9M | -157.7M | -162.9M | 37.1M | 79.4M | 243.8M | 280.4M | 350.4M | 394.9M | 361.8M | 451.1M | 469.8M | 455.2M | 382.9M | 178.9M | 35.7M | -131.5K | 0.0 | 0.0 | |
(177.1M) | -66.8M | (6.5M) | -664.4M | -509.8M | (1.4M) | (337K) | (3M) | (27.8M) | -6M | -21.8M | (18.5M) | (14.6M) | (0.0) | (0.0) | (0.0) | (9.6M) | (0.0) | (0.0) | |
-861.2M | -606.3M | -643.2M | -258.4M | -89.2M | -64.6M | 0.0 | -191.5M | -145.2M | -135.6M | -151.9M | -178M | 15.8M | -42.2M | -23.5M | 11.5M | 699.2K | 0.0 | 0.0 | |
-445.4M | 344.8M | -83.4M | 324.5M | 191.4M | -1.7B | 310.4M | -2.5M | 297.8M | 365.6M | 475.7M | 93.4M | 659.5M | 245.2M | 126.3M | 35.1M | -9.1M | 3.4M | 1.3M | |
NET INCOME | |||||||||||||||||||
(8.9M) | (46.6M) | (23M) | (104.2M) | (4.2M) | -35.7M | -13.6M | (41.8M) | -10.5M | (12.3M) | -16.5M | -73.7M | (84.4M) | -42.2M | -1.1M | -683K | -318K | (1.1M) | (618.6K) | |
-454.3M | 298.2M | -106.4M | 220.2M | 187.2M | -1.6B | 324M | -44.3M | 348.6M | 353.3M | 492.2M | 167.1M | 579M | 291.9M | 127.4M | 35.8M | -8.7M | 2.3M | 714.6K |
SEC Filings
TWO - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 28, 2026 | May 28, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 19, 2026 | May 19, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 15, 2026 | May 13, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 14, 2026 | May 13, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 08, 2026 | May 07, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 29, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 29, 2026 | April 28, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 28, 2026 | April 28, 2026 | 2026 | |
10-K/A 10-K/A 2025 FY (Amended) FY | April 27, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 27, 2026 | March 27, 2026 | 2026 |
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