TWO
TWO HARBORS INVESTMENT CORP.Company Information
- Company Name
- TWO HARBORS INVESTMENT CORP.
- CIK
- CIK0001465740
- Category
- Large accelerated filer
- Ticker: Exchange
- TWO: NYSE, TWO-PC: NYSE, TWO-PB: NYSE, TWO-PA: NYSE, TWOD: NYSE
- Fiscal Year End
- December 31
- Owner Organization
- 05 Real Estate & Construction
- SIC
- 6798
- SIC Description
- Real Estate Investment Trusts
- Ticker
- TWO
SEC filing data through
Insider Sentiment
- Last purchase
- —
- Last sale
- 2026-05-15
- Shares purchased (TTM)
- 0
- Shares sold (TTM)
- 268,661
Institutional Sentiment
- As of
- 2026-06-30
- Institutional shares owned
- 81,714,874
- Shares outstanding
- 105,044,253
- Ownership
- 77.79%
Earnings Market Reaction
- Filing date
- 2026-04-29
- Price on filing date
- —
- 1-month reaction
- 8.13%
- 3-month reaction
- 7.55%
Balance Sheet
Values in millions ($)| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||||||||||
| Available For Sale Securities Debt Securities | 6,507 | 6,514 | 6,348 | 8,321 | 8,607 | 7,372 | 8,506 | 8,030 | 8,183 | 8,327 | 8,831 | 8,963 | ||||||
| Servicing Asset At Fair Value Amount | 2,381 | 2,422 | 2,627 | 3,016 | 2,960 | 2,994 | 2,884 | 3,065 | 3,085 | 3,052 | 3,213 | 3,274 | ||||||
| Loans Receivable Held For Sale Amount | 19 | 14 | 13 | 10 | 8 | 2 | 3 | - | - | 0 | - | - | ||||||
| Cash And Cash Equivalents At Carrying Value | 476 | 842 | 771 | 658 | 574 | 505 | 523 | 624 | 666 | 730 | 644 | 699 | ||||||
| Restricted Cash And Cash Equivalents | 284 | 220 | 116 | 140 | 124 | 313 | 89 | 163 | 72 | 65 | 401 | 323 | ||||||
| Interest Receivable | 30 | 29 | 28 | 37 | 39 | 33 | 37 | 36 | 35 | 35 | 39 | 40 | ||||||
| Due From Correspondent Brokers | 432 | 379 | 505 | 286 | 920 | 386 | 298 | 372 | 545 | 323 | 315 | 249 | ||||||
| Derivative Assets | 71 | 88 | 135 | 89 | 28 | 10 | 13 | 14 | 24 | 85 | 21 | 16 | ||||||
| Securities Purchased Under Agreements To Resell | 171 | 157 | 158 | 229 | 228 | 356 | 359 | 350 | 352 | 284 | 283 | 289 | ||||||
| Other Assets | 163 | 194 | 165 | 175 | 196 | 232 | 176 | 196 | 199 | 237 | 170 | 157 | ||||||
Liabilities | ||||||||||||||||||
| Assets Sold Under Agreements To Repurchase Repurchase Liability | 7,245 | 7,256 | 7,105 | 8,783 | 9,741 | 7,805 | 8,763 | 8,435 | 8,362 | 8,020 | 9,113 | 9,068 | ||||||
| Warehouse Agreement Borrowings | 13 | 9 | 8 | 9 | 8 | 2 | 3 | - | - | 0 | - | - | ||||||
| Senior Notes | 111 | 111 | 111 | 111 | - | 0 | - | - | - | - | - | - | ||||||
| Medium Term Notes | - | - | - | - | - | 0 | 0 | 0 | 296 | 295 | 295 | 399 | ||||||
| Convertible Notes Payable | 0 | 262 | 261 | 261 | 261 | 260 | 260 | 259 | 269 | 269 | 268 | 268 | ||||||
| Derivative Liabilities | 11 | 4 | 8 | 3 | 3 | 25 | 17 | 14 | 3 | 22 | 24 | 15 | ||||||
| Due To Correspondent Brokers | 247 | 216 | 391 | 389 | 289 | 649 | 386 | 352 | 331 | 575 | 312 | 267 | ||||||
| Dividends Payable Current And Noncurrent | 49 | 49 | 49 | 54 | 60 | 59 | 59 | 59 | 59 | 59 | 56 | 56 | ||||||
| Commitments And Contingencies | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Interest Payable Current And Noncurrent | 45 | 82 | 45 | 80 | 75 | 86 | 77 | 86 | 80 | 142 | 91 | 121 | ||||||
| Loss Contingency Accrual At Carrying Value | - | - | - | 200 | - | - | - | - | - | - | - | - | ||||||
| Other Liabilities | 164 | 163 | 171 | 172 | 166 | 176 | 155 | 170 | 166 | 225 | 230 | 146 | ||||||
Stockholders Equity | ||||||||||||||||||
| Preferred Stock Value | 601 | 601 | 601 | 601 | 601 | 601 | 601 | 601 | 601 | 613 | 619 | 619 | ||||||
| Common Stock Value | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||||||
| Additional Paid In Capital | 5,953 | 5,948 | 5,947 | 5,945 | 5,943 | 5,937 | 5,935 | 5,933 | 5,932 | 5,925 | 5,826 | 5,825 | ||||||
| Accumulated Other Comprehensive Income Loss Net Of Tax | -44 | -0 | -52 | -113 | -163 | -321 | -54 | -324 | -280 | -176 | -660 | -309 | ||||||
| Cumulative Earnings Deficit | 1,227 | 1,194 | 1,183 | 1,311 | 1,570 | 1,649 | 1,372 | 1,611 | 1,554 | 1,350 | 1,783 | 1,476 | ||||||
| Cumulative Dividends | -6,006 | -5,957 | -5,909 | -5,860 | -5,805 | -5,745 | -5,686 | -5,627 | -5,569 | -5,510 | -5,451 | -5,395 | ||||||
| Stockholders Equity | 1,732 | 1,788 | 1,772 | 1,886 | 2,147 | 2,123 | 2,169 | 2,195 | 2,240 | 2,203 | 2,117 | 2,216 | ||||||
| Assets Total | - | - | - | - | - | - | - | - | - | - | -10 | -14 | ||||||
| Liabilities Total | - | - | - | - | - | - | - | - | - | - | -12 | -11 | ||||||
| Liabilities And Stockholders Equity | 10,534 | 10,859 | 10,866 | 12,959 | 13,683 | 12,204 | 12,888 | 12,850 | 13,162 | 13,139 | 13,917 | 14,010 | ||||||
| Variable Interest Entity Primary Beneficiary | 119 | 156 | -20 | -27 | 171 | 163 | 129 | - | - | 525 | - | - | ||||||
| Available For Sale Debt Securities Amortized Cost Basis | 6,553 | 6,516 | 6,403 | 8,437 | 8,774 | 7,697 | 8,564 | 8,359 | 8,468 | 8,509 | 9,497 | 9,279 | ||||||
| Debt Securities Available For Sale Allowance For Credit Loss | -2 | -2 | -2 | -2 | -3 | -3 | -3 | -3 | -4 | -4 | -5 | -5 | ||||||
| Preferred Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | ||||||
| Preferred Stock Shares Authorized | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | ||||||
| Preferred Stock Shares Issued | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 26 | 26 | ||||||
| Preferred Stock Shares Outstanding | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 26 | 26 | ||||||
| Preferred Stock Liquidation Preference Value | 622 | 622 | 622 | 622 | 622 | 622 | 622 | 622 | 622 | 634 | 639 | 639 | ||||||
| Common Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | ||||||
| Common Stock Shares Authorized | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | ||||||
| Common Stock Shares Issued | 105 | 105 | 104 | 104 | 104 | 104 | 104 | 104 | 103 | 103 | 96 | 96 | ||||||
| Shares Outstanding | 105 | 105 | 104 | 104 | 104 | 104 | 104 | 104 | 103 | 103 | 96 | 96 | ||||||
| Assets | 10,534 | 10,859 | 10,866 | 12,959 | 13,683 | 12,204 | 12,888 | 12,850 | 13,162 | 13,139 | 13,917 | 14,010 | ||||||
| Liabilities | 8,802 | 9,071 | 9,095 | 11,073 | 11,537 | 10,082 | 10,718 | 10,654 | 10,922 | 10,935 | 11,800 | 11,794 | ||||||
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Recent filings
- 10-QFiled
- 10-KFiled
- 10-QFiled
- 10-QFiled
- 10-QFiled
- 10-KFiled
- 10-QFiled
- 10-QFiled
- 10-QFiled
- 10-KFiled
- 10-QFiled
- 10-QFiled
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Start 7-day free trialTWO HARBORS INVESTMENT CORP. (TWO) — SEC Financial Statements & Analysis
TWO HARBORS INVESTMENT CORP. (TWO) is a real estate investment trusts company, incorporated in MD. TWO HARBORS INVESTMENT CORP. trades on NYSE as: TWO, TWO-PC, TWO-PB, TWO-PA, TWOD. TWO HARBORS INVESTMENT CORP. (TWO)'s most recent SEC filing is a Form 10-Q for the period ended 2026-03-31, filed with the SEC on 2026-04-29. Based on that filing, TWO HARBORS INVESTMENT CORP. carries a market cap of $1.13B, a P/E ratio of -3.30x, a P/B ratio of 0.65x, a P/S ratio of 2.91x, an enterprise value of $766.40M, and an EV/EBITDA multiple of -2.89x. On profitability, it posts a gross margin of -16.73%, an operating margin of -84.89%, a net margin of -88.10%, a Return on Equity (ROE) of -17.69%, and a Return on Invested Capital (ROIC) of -17.95%. Per share, it reports EPS of $-3.26, diluted EPS of $1.28, free cash flow per share of $0.32, and a dividend per share of $1.52. Over the trailing year, it posted revenue growth of -12.28% year-over-year, net income growth of -2309.09% year-over-year, and EPS growth of -2287.66% year-over-year. On the balance sheet, it maintains an interest coverage ratio of -4.07x, free cash flow of $33.58M (TTM), and net debt of $-365.11M. Figures sourced from SEC EDGAR.
- Market Cap
- $1.13B
- P/E TTM
- -3.30x
- EPS TTM
- $-3.26
- P/B TTM
- 0.65x
- ROE TTM
- -17.69%
- Free Cash Flow TTM
- $33.58M
- Net Revenue TTM Growth 1Y
- -12.28%
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is TWO HARBORS INVESTMENT CORP. in?
TWO HARBORS INVESTMENT CORP. (TWO) operates in the Real Estate Investment Trusts industry.
What exchange does TWO trade on?
TWO HARBORS INVESTMENT CORP. (TWO) trades on the NYSE.
Where is TWO HARBORS INVESTMENT CORP. incorporated?
TWO HARBORS INVESTMENT CORP. is incorporated in MD.
When was TWO HARBORS INVESTMENT CORP. (TWO)'s most recent SEC filing?
TWO HARBORS INVESTMENT CORP. (TWO)'s most recent SEC filing is a Form 10-Q for the period ended 2026-03-31, filed with the SEC on 2026-04-29.
What is TWO's market cap?
TWO HARBORS INVESTMENT CORP. (TWO) has a market capitalization of $1.13B as of 2026-03-31.
What is TWO's EPS (earnings per share)?
TWO HARBORS INVESTMENT CORP. (TWO)'s trailing twelve month EPS is $-3.26 as of 2026-03-31.
What is TWO's ROE (return on equity)?
TWO HARBORS INVESTMENT CORP. (TWO)'s trailing twelve month Return on Equity (ROE) is -17.69% as of 2026-03-31.
What is TWO's ROIC (return on invested capital)?
TWO HARBORS INVESTMENT CORP. (TWO)'s trailing twelve month Return on Invested Capital (ROIC) is -17.95% as of 2026-03-31.
What is TWO's EV/EBITDA?
TWO HARBORS INVESTMENT CORP. (TWO)'s trailing twelve month EV/EBITDA is -2.89x as of 2026-03-31.