Two Harbors Investment (TWO-PA) Net Cash Flow (2010 - 2026)

Two Harbors Investment (TWO-PA) recorded quarterly Net Cash Flow of -$301.8 million in Q1 2026, down 272.43% quarter-over-quarter from $175.0 million in Q4 2025, and down 151.68% on a YoY basis from $584.0 million in Q1 2025.

Two Harbors Investment (TWO-PA) Net Cash Flow (2010 - 2026) Analysis & Trends

Two Harbors Investment's Net Cash Flow history runs 17 years deep, the most recent figure standing at -$301.8 million for Q1 2026.

  • In Q1 2026, Net Cash Flow fell 151.68% year-over-year to -$301.8 million; the TTM figure through Mar 2026 stood at $62.4 million (up 253.36% YoY), while the FY2025 annual figure was $244.3 million, up 971.16% from the prior year.
  • Net Cash Flow was -$301.8 million for Q1 2026 at Two Harbors Investment, down from $175.0 million in the prior quarter.
  • In the past five years, Net Cash Flow ranged from a high of $435.4 million in Q3 2022 to a low of -$612.5 million in Q1 2022.
  • Historically, Net Cash Flow has averaged -$78.1 million across 5 years, with a median of -$56.4 million in 2024.
  • The sharpest annual moves came in 2022 and 2024: Net Cash Flow surged 251.4% in 2022, then sank 852.31% in 2024.
  • A 5-year view of Net Cash Flow shows it stood at -$448.5 million in 2022, then jumped by 44.23% to -$250.1 million in 2023, then soared by 182.33% to $205.9 million in 2024, then decreased by 15.01% to $175.0 million in 2025, then sank by 272.43% to -$301.8 million in 2026.
  • The last three Net Cash Flow figures came in at -$301.8 million (Q1 2026), $175.0 million (Q4 2025), and $88.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Cash Flow (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - -125.39 Mn
2 AGNC Investment 11.42 Bn 10.75 Bn - 615.00 Mn
3 Starwood Property Trust 6.25 Bn 6.25 Bn - -8.67 Mn
4 Rithm Capital 5.08 Bn 4.78 Bn - -326.45 Mn
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - 97.70 Mn
6 Dynex Capital 2.58 Bn 1.80 Bn - 359.25 Mn
7 Armour Residential REIT 2.05 Bn 1.32 Bn - -75.79 Mn
8 Ellington Financial 1.67 Bn 1.39 Bn - -146.67 Mn
9 Two Harbors Investment 1.29 Bn 746.67 Mn - -301.80 Mn
10 Two Harbors Investment - - - -301.80 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -301.80 Mn
Mar 31, 2026 -301.80 Mn
Dec 31, 2025 175.03 Mn
Dec 31, 2025 175.03 Mn
Sep 30, 2025 88.62 Mn
Sep 30, 2025 88.62 Mn
Jun 30, 2025 100.57 Mn
Jun 30, 2025 100.57 Mn
Mar 31, 2025 -119.92 Mn
Mar 31, 2025 -119.92 Mn
Dec 31, 2024 205.94 Mn
Dec 31, 2024 205.94 Mn
Sep 30, 2024 -175.12 Mn
Sep 30, 2024 -175.12 Mn
Jun 30, 2024 48.39 Mn
Jun 30, 2024 48.39 Mn
Mar 31, 2024 -56.41 Mn
Mar 31, 2024 -56.41 Mn
Dec 31, 2023 -250.13 Mn
Dec 31, 2023 -250.13 Mn