Two Harbors Investments Corp

Real Estate · REIT - Mortgage

12.20$ +1.1% vs. previous close Closing price · As of: Aug 24, 2026

Statements

Income Statement

Two Harbors Investments Corp (TWO) by the numbers: income statement, balance sheet and cash flow, by year or by quarter. In the most recent period (Q2 26), "Revenue" came in at 213 million USD. Tick rows to compare them in a chart.

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Amounts Change % Common size % Per share

Last 12 Full history

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All figures in millions of USD.

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Income Statement TWO
Line item	Q3 16	Q4 16	Q1 17	Q2 17	Q3 17	Q4 17	Q1 18	Q2 18	Q3 18	Q4 18	Q1 19	Q2 19	Q3 19	Q4 19	Q1 20	Q2 20	Q3 20	Q4 20	Q1 21	Q2 21	Q3 21	Q4 21	Q1 22	Q2 22	Q3 22	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	LTM
Revenue	92	483	203	200	215	246	322	191	188	111	401	504	714	279	-432	-578	101	136	-231	41	19	151	-146	53	192	-34	14	279	342	25	292	209	126	219	212	119	248	179	219	213	858
Cost of Revenue	21	20	17	21	19	21	27	23	12	31	32	30	35	38	34	35	32	24	25	19	21	22	25	23	21	25	25	22	23	4.6	-7.2	-11	-13	-7.6	-2.8	-4.0	-4.4	3.4	97	93	189
Gross Profit	72	464	186	178	196	225	295	168	176	80	369	474	680	241	-467	-614	69	112	-256	22	-2.2	129	-171	30	171	-59	-10	257	319	20	299	219	140	227	215	123	252	176	122	120	670
Research & Development	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, General & Administrative	11	11	11	12	13	11	12	11	5.0	12	1.9	2.4	2.0	18	8.3	8.1	10	11	8.2	11	9.2	6.4	12	11	10	7.4	14	8.9	8.6	21	27	21	20	22	27	21	21	43	49	51	165
Total Operating Expenses	17	6.2	20	15	103	20	-44	34	103	466	405	557	372	-62	1,416	-567	15	-125	-542	137	-91	109	-528	40	-211	87	28	-120	-196	294	-76	-5.4	234	-219	162	44	86	55	49	51	242
Operating Income	103	382	47	3.6	88	268	339	134	73	-385	-36	-83	308	303	-1,883	-47	54	237	286	-114	89	21	356	-9.4	382	-146	-38	377	516	-274	376	225	-94	446	53	79	165	121	72	68	427
Interest Expense	60	66	75	91	111	95	97	108	152	162	164	192	191	167	167	62	29	23	23	24	22	20	22	37	83	116	142	160	173	168	160	154	155	139	132	137	117	105	95	90	407
Pre-Tax Income	101	380	34	3.2	88	133	339	133	73	-548	-36	-88	302	132	-1,883	-192	194	215	263	-139	67	0.8	334	-47	299	-262	-181	217	343	-462	216	71	-249	308	-79	-257	-127	17	36	68	-4.9
Income Tax Expense	-17	38	-25	8.8	-5.3	11	3.8	-6.1	37	6.7	-10	2.4	-3.6	-2.4	-13	-18	-8.2	3.8	23	-21	0.3	2.1	49	26	21	8.5	-3.9	20	36	-29	12	14	-10	31	0.4	1.7	1.2	5.6	4.1	6.0	17
Net Income	118	341	72	8.6	102	166	335	139	36	-555	-26	-91	306	135	-1,870	-174	202	211	240	-118	66	-1.3	285	-72	278	-270	-177	197	306	-433	204	56	-238	277	-79	-259	-128	12	32	62	-22
EBITDA	103	382	48	3.9	88	268	435	242	226	-386	128	104	493	300	-1,715	-130	223	238	286	-114	89	21	356	-9.4	382	-146	-38	377	516	-294	376	225	-94	446	53	-121	-9.6	123	137	68	318

LTM = last twelve months (sum of the four most recent quarters).

Showing the most recent 40 periods — older statements are on file for this stock.

Data as of: August 24, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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Income Statement

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