Two Harbors Investment (TWO-PA) EBITDA (2010 - 2026)

Two Harbors Investment (TWO-PA) recorded quarterly EBITDA of -$11.9 million in Q1 2026, down 118.76% quarter-over-quarter from $63.5 million in Q4 2025, and down 115.24% on a YoY basis from $78.1 million in Q1 2025.

Two Harbors Investment (TWO-PA) EBITDA (2010 - 2026) Analysis & Trends

Two Harbors Investment's EBITDA history runs 17 years deep, the most recent figure standing at -$11.9 million for Q1 2026.

  • In Q1 2026, EBITDA fell 115.24% year-over-year to -$11.9 million; the TTM figure through Mar 2026 stood at -$223.9 million (down 270.02% YoY), while the FY2025 annual figure was -$133.9 million, down 186.88% from the prior year.
  • EBITDA was -$11.9 million for Q1 2026 at Two Harbors Investment, down from $63.5 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of $152.4 million in Q4 2022 to a low of -$274.1 million in Q3 2022.
  • Historically, EBITDA has averaged -$14.2 million across 5 years, with a median of $10.2 million in 2024.
  • Biggest YoY gain for EBITDA was 524.47% in 2025; the steepest drop was 1800.79% in 2025.
  • A 5-year view of EBITDA shows it stood at $152.4 million in 2022, then plunged by 66.95% to $50.4 million in 2023, then sank by 79.82% to $10.2 million in 2024, then surged by 524.47% to $63.5 million in 2025, then plunged by 118.76% to -$11.9 million in 2026.
  • The last three EBITDA figures came in at -$11.9 million (Q1 2026), $63.5 million (Q4 2025), and -$66.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - 245.47 Mn
2 AGNC Investment 11.42 Bn 10.75 Bn - -156.00 Mn
3 Starwood Property Trust 6.25 Bn 6.25 Bn - 382.38 Mn
4 Rithm Capital 5.08 Bn 4.78 Bn - 154.24 Mn
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - 215.55 Mn
6 Dynex Capital 2.58 Bn 1.80 Bn - -83.17 Mn
7 Armour Residential REIT 2.05 Bn 1.32 Bn - -
8 Ellington Financial 1.67 Bn 1.39 Bn - 179.14 Mn
9 Two Harbors Investment 1.29 Bn 746.67 Mn - -11.91 Mn
10 Two Harbors Investment - - - -11.91 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -11.91 Mn
Dec 31, 2025 63.47 Mn
Sep 30, 2025 -66.88 Mn
Jun 30, 2025 -208.57 Mn
Mar 31, 2025 78.12 Mn
Dec 31, 2024 10.16 Mn
Sep 30, 2024 31.14 Mn
Jun 30, 2024 12.26 Mn
Mar 31, 2024 100.51 Mn
Dec 31, 2023 50.38 Mn
Sep 30, 2023 -44.73 Mn
Jun 30, 2023 41.14 Mn
Mar 31, 2023 -50.88 Mn
Dec 31, 2022 152.45 Mn
Sep 30, 2022 -274.06 Mn
Jun 30, 2022 -76.63 Mn
Mar 31, 2022 -46.58 Mn
Dec 31, 2021 -114.85 Mn
Sep 30, 2021 58.97 Mn
Jun 30, 2021 -180.86 Mn