Two Harbors Investment TWO-PA
NYSE TWO-PA
$25.26 +0.01 (+0.04%)
As of: Sep 8, 2026 · 3:58 PM EDT

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

Historic Data

Download Data
DateValue
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