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Two Harbors Investment Corp. (TWO) Financial History

4 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

Real Estate · REIT - Mortgage · DATA UPDATED 2026-07-09

Two Harbors Investment Corp. (TWO) operates in the REIT - Mortgage industry and is headquartered in Saint Louis Park, United States with about 486 employees. Its market capitalization is roughly $1 billion. In the fiscal year ended 2025-12-31, TWO reported $115M in revenue and ($454M) in net income.

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.

Interactive charts & full statements → Open the TWO valuation workbench →

TWO Revenue & Earnings History — Annual Income Statement

Income statement2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Revenue$115M$511M$32M$407M
Net Income($454M)$298M($106M)$220M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TWO Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-31
Total Revenue$86M$69M$93M($15M)($32M)
Net Income$32M$12M($128M)($259M)($79M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TWO Free Cash Flow History

Cash flow2025-12-312024-12-312023-12-312022-12-312021-12-31
Dividends Paid($222M)($235M)($247M)($290M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TWO Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-31
Dividends Paid($49M)($49M)($54M)($60M)($59M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

TWO Balance Sheet History

Balance sheet2025-12-312024-12-312023-12-312022-12-31
Total Assets$10.9B$12.2B$13.1B$13.5B
Total Liabilities$9.1B$10.1B$10.9B$11.3B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive TWO viewer.

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