Two Harbors Investment (TWO-PA) Cost of Revenue (2009 - 2026)
Two Harbors Investment (TWO-PA) posted Cost of Revenue of $28.1 million for Q2 2026, up 23.47% on a QoQ basis from $22.7 million in Q1 2026, and up 31.83% year-over-year from $21.3 million in Q2 2025.
Analysis
Two Harbors Investment (TWO-PA) Cost of Revenue (2009 - 2026) Analysis & Trends
Two Harbors Investment has reported Cost of Revenue for 18 years, with the latest figure at $28.1 million in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 31.83% year-over-year to $28.1 million in Q2 2026; TTM through Jun 2026 was $99.2 million, a 25.08% increase from a year earlier, with the FY2025 full-year figure at $90.2 million, up 18.26% from the prior year.
- Cost of Revenue was $28.1 million for Q2 2026 at Two Harbors Investment, up from $22.7 million in the prior quarter.
- The five-year high for Cost of Revenue was $28.1 million in Q2 2026, with the low at $6.6 million in Q1 2022.
- Average Cost of Revenue over 5 years is $17.9 million, with a median of $18.7 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Cost of Revenue surged 133.75% in 2022, then dropped 20.34% in 2024.
- Over 5 years, Cost of Revenue stood at $15.5 million in 2022, then jumped by 54.18% to $24.0 million in 2023, then slipped by 20.34% to $19.1 million in 2024, then jumped by 32.56% to $25.3 million in 2025, then advanced by 11.02% to $28.1 million in 2026.
- The last three Cost of Revenue figures came in at $28.1 million (Q2 2026), $22.7 million (Q1 2026), and $25.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | - |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | - |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | - |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | - |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | - |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | 28.09 Mn |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | - |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | - |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | - |
| 10 | Orchid Island Capital | 1.32 Bn | 637.53 Mn | 61.82 Mn | 585,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 28.09 Mn |
| Mar 31, 2026 | 22.75 Mn |
| Dec 31, 2025 | 25.30 Mn |
| Sep 30, 2025 | 23.05 Mn |
| Jun 30, 2025 | 21.31 Mn |
| Mar 31, 2025 | 20.51 Mn |
| Dec 31, 2024 | 19.09 Mn |
| Sep 30, 2024 | 18.41 Mn |
| Jun 30, 2024 | 17.70 Mn |
| Mar 31, 2024 | 21.05 Mn |
| Dec 31, 2023 | 23.96 Mn |
| Sep 30, 2023 | 15.98 Mn |
| Jun 30, 2023 | 11.89 Mn |
| Mar 31, 2023 | 10.48 Mn |
| Dec 31, 2022 | 15.54 Mn |
| Sep 30, 2022 | 10.69 Mn |
| Jun 30, 2022 | 9.15 Mn |
| Mar 31, 2022 | 6.63 Mn |
| Dec 31, 2021 | 6.65 Mn |
| Sep 30, 2021 | 7.41 Mn |