Two Harbors Investment (TWO) Convertible Debt (2017 - 2025)
Two Harbors Investment's (TWO) quarterly Convertible Debt came in at $261.8 million in Q4 2025, up 0.6% year-on-year from $260.2 million in Q4 2024, and little changed quarter-over-quarter from $261.4 million in Q3 2025.
Two Harbors Investment (TWO) Convertible Debt (2017 - 2025) Analysis & Trends
Two Harbors Investment's Convertible Debt history runs 9 years deep, the most recent figure standing at $261.8 million for Q4 2025.
- On a quarterly basis, Convertible Debt rose 0.6% year-over-year to $261.8 million in Q4 2025; TTM through Dec 2025 was $261.8 million, a 0.6% increase from a year earlier, with the FY2025 full-year figure at $261.8 million, up 0.6% from the prior year.
- Convertible Debt was little changed at $261.8 million in Q4 2025 per TWO's latest filing, from $261.4 million in the prior quarter.
- Across five years, Convertible Debt topped out at $424.8 million in Q4 2021 and bottomed at $259.4 million in Q2 2024.
- The 5-year median for Convertible Debt is $268.8 million (2023), against an average of $300.2 million.
- Across the five-year window, Convertible Debt jumped 48.44% in 2021 and slumped 33.53% in 2022, its largest moves.
- Year by year, Convertible Debt stood at $424.8 million in 2021, then plunged by 33.5% to $282.5 million in 2022, then slipped by 4.93% to $268.6 million in 2023, then declined by 3.11% to $260.2 million in 2024, then grew by 0.6% to $261.8 million in 2025.
- Per Business Quant, the three latest TWO Convertible Debt figures stand at $261.8 million (Q4 2025), $261.4 million (Q3 2025), and $260.9 million (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (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 | 261.80 Mn |
| Sep 30, 2025 | 261.40 Mn |
| Jun 30, 2025 | 260.90 Mn |
| Mar 31, 2025 | 260.59 Mn |
| Dec 31, 2024 | 260.23 Mn |
| Sep 30, 2024 | 259.82 Mn |
| Jun 30, 2024 | 259.40 Mn |
| Mar 31, 2024 | 268.95 Mn |
| Dec 31, 2023 | 268.58 Mn |
| Sep 30, 2023 | 268.18 Mn |
| Jun 30, 2023 | 267.79 Mn |
| Mar 31, 2023 | 282.80 Mn |
| Dec 31, 2022 | 282.50 Mn |
| Sep 30, 2022 | 282.10 Mn |
| Jun 30, 2022 | 281.70 Mn |
| Mar 31, 2022 | 281.40 Mn |
| Dec 31, 2021 | 424.80 Mn |
| Sep 30, 2021 | 424.27 Mn |
| Jun 30, 2021 | 423.70 Mn |
| Mar 31, 2021 | 423.34 Mn |