Two Harbors Investment (TWO-PC) EBITDA (2010 - 2026)
Two Harbors Investment (TWO-PC) 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-PC) 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| Date | Value |
|---|---|
| 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 |