TWO — TWO HARBORS INVESTMENT CORP.

NYSE · Real Estate · Equity Real Estate Investment Trusts (REITs) · CIK 1465740 ·
Last close
$12.54
Market Cap
$1.32B
52W High
$12.72
52W Low
$8.52
ADV30
2,333,252
Next earnings
Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, comprising non-agency securities and non-hedging transactions. It qualifies as a REIT for federal income tax purposes. The company was incorporated in 2009 and is headquartered in Saint Louis Park, Minnesota.

Quarterly Fundamentals

Revenues vs Net Income (last 4 Q)

Assets vs Liabilities (last 4 Q)

PeriodRevenuesGrossProfit OpIncomeNetIncomeAssets CashLiabilities
Mar 2026 85,799,000 32,284,000 10,533,736,000 476,307,000 8,802,157,000
Dec 2025 68,553,000 11,717,000 10,859,217,000 842,319,000 9,071,290,000
Sep 2025 92,706,000 -127,921,000 10,866,407,000 770,533,000 9,094,690,000
Jun 2025 -14,669,000 -259,041,000 12,959,138,000 657,816,000 11,073,112,000

Cashflow TTM (yfinance, fills SEC gap)

Operating CF
$33,584,000
Investing CF
$2,901,326,000
Financing CF
$-2,872,486,000
CapEx
$-103,457,000
Dividends Paid
$-212,559,000
Buybacks
$0
EPS Diluted TTM
$-3.82
As of
2026-05-10

Balance + Analyst (yfinance extras)

Retained Earnings
$-4,779,599,000
Inventory
Receivables
$462,069,000
ST Investments
$95,000
EBIT TTM
Pretax Income TTM
$-330,452,000
Interest Exp TTM
$454,390,000
Analysts
4

Yahoo Snapshot (yfinance, live)

Total Revenue
$493,780,000
EBITDA
Free Cash Flow
Enterprise Value
$9,493,477,376
Total Cash
$718,374,976
Total Debt
$8,297,306,112
Shares Out
105,046,333
Trailing EPS
$-3.81
Book Value
$11.32
ROE
-17.7%
ROA
-2.8%
Div Yield
11.28%

Annual Trend (SEC EDGAR, last 4y)

Revenues vs Net Income (last 4y)

FY endRevenuesOpIncome NetIncomeAssetsLiabilities EquityOCF
Dec 2025 115,060,000 -454,300,000 10,859,217,000 9,071,290,000 88,917,000
Dec 2024 510,748,000 298,168,000 12,204,319,000 10,081,810,000 201,004,000
Dec 2023 31,785,000 -106,371,000 13,138,800,000 10,935,410,000 343,509,000
Dec 2022 407,180,000 220,239,000 13,466,160,000 11,282,635,000 623,402,000

TTM Snapshot

Revenues TTM
$366,678,000
NetIncome TTM
$552,207,000
OpCashFlow TTM
$0
Assets (Latest)
$12,204,319,000
Forward EPS
$1.16

Peers — same industry

TickerNameMarket CapLastDaily %
UMH UMH PROPERTIES, INC. $1.32B $15.48
LADR Ladder Capital Corp $1.30B $10.18
FOR Forestar Group Inc. $1.34B $26.36
ALX ALEXANDERS INC $1.29B $252.19
AAT American Assets Trust, Inc. $1.37B $22.39

News headlines (Yahoo Finance, 1h cache)

Assessing Two Harbors Investment’s (TWO) Valuation After Recent Share Price Strength
2026-05-26 06:09 · Yahoo
UWMC Urges TWO Stockholders to Stand Firm and Vote AGAINST the CCM Transaction at May 28 Special Meeting
2026-05-22 15:07 · Yahoo
TWO Announces Adjournment of Special Meeting
2026-05-19 14:30 · Yahoo
Sector Update: Financial Stocks Higher Monday Afternoon
2026-05-18 18:06 · Yahoo
UWMC Reminds Two Harbors Stockholders to Vote the Blue Proxy Card Against the Inferior CrossCountry Transaction Today
2026-05-18 14:00 · Yahoo
UWM Contests Two Harbors Deal As Investors Weigh Governance And Growth
2026-05-18 12:14 · Yahoo
UWMC Provides Clarity on Latest Disingenuous Announcement by Two Harbors
2026-05-14 19:53 · Yahoo
CrossCountry Mortgage to Provide Additional Cash Value to Two Harbors Stockholders
2026-05-14 12:00 · Yahoo
UWMC Calls Out Egregious Corporate Governance of TWO Board and Repeated Failure to Act in Best Interest of Stockholders
2026-05-13 20:18 · Yahoo
Sector Update: Financial Stocks Fall Wednesday
2026-05-13 20:06 · Yahoo

Recent Insider Activity

No insider activity indexed for this ticker.