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
DateValue
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