Two Harbors Investment (TWO) Change in Cash (2010 - 2026)

Two Harbors Investment's (TWO) quarterly Change in Cash came in at -$301.8 million in Q1 2026, down 151.68% year-on-year from $584.0 million in Q1 2025, and down 272.43% quarter-over-quarter from $175.0 million in Q4 2025.

Two Harbors Investment (TWO) Change in Cash (2010 - 2026) Analysis & Trends

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

  • On a quarterly basis, Change in Cash fell 151.68% year-over-year to -$301.8 million in Q1 2026; TTM through Mar 2026 was $62.4 million, a 253.36% increase from a year earlier, with the FY2025 full-year figure at $244.3 million, up 971.16% from the prior year.
  • Change in Cash fell to -$301.8 million in Q1 2026 per TWO's latest filing, from $175.0 million in the prior quarter.
  • Across five years, Change in Cash topped out at $435.4 million in Q3 2022 and bottomed at -$612.5 million in Q1 2022.
  • The 5-year median for Change in Cash is -$56.4 million (2024), against an average of -$78.1 million.
  • Across the five-year window, Change in Cash jumped 251.4% in 2022 and sank 852.31% in 2024, its largest moves.
  • Year by year, Change in Cash 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 tumbled by 272.43% to -$301.8 million in 2026.
  • Per Business Quant, the three latest TWO Change in Cash figures stand at -$301.8 million (Q1 2026), $175.0 million (Q4 2025), and $88.6 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Cash (Qtr)
1 Annaly Capital Management 16.30 Bn 14.44 Bn - -125.39 Mn
2 AGNC Investment 11.85 Bn 11.36 Bn - 615.00 Mn
3 Starwood Property Trust 5.99 Bn 5.94 Bn - -8.67 Mn
4 Rithm Capital 5.01 Bn 5.01 Bn - -326.45 Mn
5 Blackstone Mortgage Trust 2.78 Bn 2.24 Bn - 97.70 Mn
6 Ellington Financial 1.63 Bn 1.51 Bn - -146.67 Mn
7 Dynex Capital 1.56 Bn 1.05 Bn - 359.25 Mn
8 Armour Residential REIT 1.42 Bn 1.34 Bn - 221.27 Mn
9 Two Harbors Investment 1.27 Bn 987.19 Mn - -301.80 Mn
10 Ladder Capital 1.20 Bn 1.17 Bn - -1.27 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -301.80 Mn
Dec 31, 2025 175.03 Mn
Sep 30, 2025 88.62 Mn
Jun 30, 2025 100.57 Mn
Mar 31, 2025 -119.92 Mn
Dec 31, 2024 205.94 Mn
Sep 30, 2024 -175.12 Mn
Jun 30, 2024 48.39 Mn
Mar 31, 2024 -56.41 Mn
Dec 31, 2023 -250.13 Mn
Sep 30, 2023 23.28 Mn
Jun 30, 2023 196.12 Mn
Mar 31, 2023 -300.94 Mn
Dec 31, 2022 -448.51 Mn
Sep 30, 2022 435.40 Mn
Jun 30, 2022 -336.53 Mn
Mar 31, 2022 -612.53 Mn
Dec 31, 2021 228.48 Mn
Sep 30, 2021 -287.59 Mn
Jun 30, 2021 175.82 Mn