Two Harbors Investment (TWO) Cost of Revenue (2009 - 2026)
Two Harbors Investment (TWO) posted quarterly Cost of Revenue of $28.1 million for Q2 2026, up 31.83% year-over-year from $21.3 million in Q2 2025, and up 23.47% quarter-over-quarter from $22.7 million in Q1 2026.
Two Harbors Investment (TWO) Cost of Revenue (2009 - 2026) Analysis & Trends
Two Harbors Investment's Cost of Revenue history runs 18 years deep, the most recent figure standing at $28.1 million for Q2 2026.
- In Q2 2026, Cost of Revenue rose 31.83% year-over-year to $28.1 million; the TTM figure through Jun 2026 stood at $99.2 million (up 25.08% YoY), while the FY2025 annual figure was $90.2 million, up 18.26% from the prior year.
- Cost of Revenue for Q2 2026 stood at $28.1 million, up from $22.7 million in the prior quarter.
- The five-year high for Cost of Revenue was $28.1 million in Q2 2026, with the low at $6.6 million in Q1 2022.
- The 5-year median for Cost of Revenue is $18.7 million (2024), against an average of $17.9 million.
- The sharpest annual moves came in 2022 and 2024: Cost of Revenue soared 133.75% in 2022, then decreased 20.34% in 2024.
- Two Harbors Investment's Cost of Revenue stood at $15.5 million in 2022, then surged by 54.18% to $24.0 million in 2023, then retreated by 20.34% to $19.1 million in 2024, then surged by 32.56% to $25.3 million in 2025, then rose by 11.02% to $28.1 million in 2026.
- Business Quant data shows TWO's Cost of Revenue at $28.1 million in Q2 2026, $22.7 million in Q1 2026, and $25.3 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | - |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | - |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | - |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | - |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | - |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | - |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | - |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | - |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 585,000.00 |
| 10 | Two Harbors Investment | 1.26 Bn | 617.08 Mn | - | 28.09 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 28.09 Mn |
| Jun 30, 2026 | 28.09 Mn |
| Mar 31, 2026 | 22.75 Mn |
| Mar 31, 2026 | 22.75 Mn |
| Dec 31, 2025 | 25.30 Mn |
| Dec 31, 2025 | 25.30 Mn |
| Sep 30, 2025 | 23.05 Mn |
| Sep 30, 2025 | 23.05 Mn |
| Jun 30, 2025 | 21.31 Mn |
| Jun 30, 2025 | 21.31 Mn |
| Mar 31, 2025 | 20.51 Mn |
| Mar 31, 2025 | 20.51 Mn |
| Dec 31, 2024 | 19.09 Mn |
| Dec 31, 2024 | 19.09 Mn |
| Sep 30, 2024 | 18.41 Mn |
| Sep 30, 2024 | 18.41 Mn |
| Jun 30, 2024 | 17.70 Mn |
| Jun 30, 2024 | 17.70 Mn |
| Mar 31, 2024 | 21.05 Mn |
| Mar 31, 2024 | 21.05 Mn |