Two Harbors Investment (TWO) Cost of Revenue (2009 - 2026)

Two Harbors Investment's Cost of Revenue history runs 18 years deep, the most recent figure standing at $22.7 million for Q1 2026.

• On a quarterly basis, Cost of Revenue rose 10.94% year-over-year to $22.7 million in Q1 2026; TTM through Mar 2026 was $92.4 million, a 22.08% increase from a year earlier, with the FY2025 full-year figure at $90.2 million, up 18.26% from the prior year.
• Cost of Revenue declined to $22.7 million in Q1 2026 per TWO's latest filing, from $25.3 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $25.3 million in Q4 2025 and bottomed at $6.6 million in Q1 2022.
• The 5-year median for Cost of Revenue is $18.4 million (2024), against an average of $17.3 million.
• Across the five-year window, Cost of Revenue soared 133.75% in 2022 and declined 20.34% in 2024, its largest moves.
• Year by year, Cost of Revenue stood at $15.5 million in 2022, then soared by 54.18% to $24.0 million in 2023, then decreased by 20.34% to $19.1 million in 2024, then soared by 32.56% to $25.3 million in 2025, then fell by 10.08% to $22.7 million in 2026.
• Per Business Quant, the three latest TWO Cost of Revenue figures stand at $22.7 million (Q1 2026), $25.3 million (Q4 2025), and $23.1 million (Q3 2025).