Two Harbors Investment (TWO) Change in Intangibles (2016 - 2025)
Two Harbors Investment's (TWO) quarterly Change in Intangibles came in at $141.6 million in Q4 2025, up 28559.31% year-on-year from N/an in Q4 2024, and down 52.41% quarter-over-quarter from $297.5 million in Q3 2025.
Two Harbors Investment (TWO) Change in Intangibles (2016 - 2025) Analysis & Trends
Two Harbors Investment's Change in Intangibles history runs 10 years deep, the most recent figure standing at $141.6 million for Q4 2025.
- On a quarterly basis, Change in Intangibles rose 28559.31% year-over-year to $141.6 million in Q4 2025; TTM through Dec 2025 was $439.1 million, a 299.97% increase from a year earlier, with the FY2025 full-year figure at $439.1 million, up 299.97% from the prior year.
- Change in Intangibles slipped to $141.6 million in Q4 2025 per TWO's latest filing, from $297.5 million in the prior quarter.
- Across five years, Change in Intangibles topped out at $297.5 million in Q3 2025 and bottomed at -$567000.0 in Q4 2021.
- The 5-year median for Change in Intangibles is $18.2 million (2024), against an average of $75.1 million.
- Biggest YoY gain for Change in Intangibles was 404525.0% in 2021; the steepest drop was 198.42% in 2021.
- Year by year, Change in Intangibles stood at -$567000.0 in 2021, then jumped by 675.66% to $3.3 million in 2022, then tumbled by 113.76% to -$449000.0 in 2023, then surged by 210.02% to $494000.0 in 2024, then surged by 28559.31% to $141.6 million in 2025.
- Per Business Quant, the three latest TWO Change in Intangibles figures stand at $141.6 million (Q4 2025), $297.5 million (Q3 2025), and $494000.0 (Q4 2024).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.30 Bn | 14.44 Bn | - | - |
| 2 | AGNC Investment | 11.85 Bn | 11.36 Bn | - | - |
| 3 | Starwood Property Trust | 5.99 Bn | 5.94 Bn | - | - |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | - |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | - |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | - |
| 7 | Dynex Capital | 1.56 Bn | 1.05 Bn | - | - |
| 8 | Armour Residential REIT | 1.42 Bn | 1.34 Bn | - | - |
| 9 | Two Harbors Investment | 1.27 Bn | 987.19 Mn | - | - |
| 10 | Ladder Capital | 1.20 Bn | 1.17 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 141.58 Mn |
| Dec 31, 2025 | 141.58 Mn |
| Sep 30, 2025 | 297.50 Mn |
| Sep 30, 2025 | 297.50 Mn |
| Dec 31, 2024 | 494,000.00 |
| Dec 31, 2024 | 494,000.00 |
| Sep 30, 2024 | 91.10 Mn |
| Sep 30, 2024 | 91.10 Mn |
| Jun 30, 2024 | -40,000.00 |
| Jun 30, 2024 | -40,000.00 |
| Mar 31, 2024 | 18.22 Mn |
| Mar 31, 2024 | 18.22 Mn |
| Dec 31, 2023 | -449,000.00 |
| Dec 31, 2023 | -449,000.00 |
| Sep 30, 2023 | 132.53 Mn |
| Sep 30, 2023 | 132.53 Mn |
| Mar 31, 2023 | 1.85 Mn |
| Mar 31, 2023 | 1.85 Mn |
| Dec 31, 2022 | 3.26 Mn |
| Dec 31, 2022 | 3.26 Mn |