Two Harbors Investment (TWO-PC) Convertible Debt (2017 - 2025)
Two Harbors Investment (TWO-PC) reported Convertible Debt of $261.81 million for Q4 2025, up 0.6% from $260.23 million a year earlier and up 0.2% from the prior quarter.
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Analysis
Two Harbors Investment (TWO-PC) Convertible Debt (2017 - 2025) Analysis & Trends
Dating back to Q1 2017, Two Harbors Investment's Convertible Debt record includes 36 quarters.
- Convertible Debt has a five-year compound annual growth rate of -1.8% (FY2020 to FY2025).
- By year, Convertible Debt came in at $260.23 million in FY2024 (-3.1%), $268.6 million in FY2023 (-4.9%), $282.5 million in FY2022 (-33.5%) and $424.83 million in FY2021 (+48.4%).
- The Q4 2025 figure ranks as the highest quarterly Convertible Debt since Q1 2024.
- Year over year, Convertible Debt has now increased in each of the last three quarters, with an average decline of 1.9% over the last eight quarters.
- The high point for year-over-year Convertible Debt in five years was Q3 2021 (growth of 48.4%); the low point was Q1 2022 (a decline of 33.5%).
- Per Business Quant data, the three quarters before Q4 2025 came in at $261.4 million (Q3 2025), $260.94 million (Q2 2025) and $260.6 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - |
| 10 | Two Harbors Investment | 2.67 Bn | -62.52 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 261.81 Mn |
| Sep 30, 2025 | 261.40 Mn |
| Jun 30, 2025 | 260.94 Mn |
| Mar 31, 2025 | 260.60 Mn |
| Dec 31, 2024 | 260.23 Mn |
| Sep 30, 2024 | 259.82 Mn |
| Jun 30, 2024 | 259.41 Mn |
| Mar 31, 2024 | 269.00 Mn |
| Dec 31, 2023 | 268.60 Mn |
| Sep 30, 2023 | 268.20 Mn |
| Jun 30, 2023 | 267.80 Mn |
| Mar 31, 2023 | 282.84 Mn |
| Dec 31, 2022 | 282.50 Mn |
| Sep 30, 2022 | 282.10 Mn |
| Jun 30, 2022 | 281.71 Mn |
| Mar 31, 2022 | 281.40 Mn |
| Dec 31, 2021 | 424.83 Mn |
| Sep 30, 2021 | 424.30 Mn |
| Jun 30, 2021 | 423.74 Mn |
| Mar 31, 2021 | 423.34 Mn |
API Access
Two Harbors Investment Convertible Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=convertible-debt&ticker=TWO-PC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "convertible-debt", "ticker": "TWO-PC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=convertible-debt&ticker=TWO-PC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();