Two Harbors Investment (TWO) Interest Expenses (2009 - 2026)

Two Harbors Investment's (TWO) quarterly Interest Expenses came in at $131.2 million in Q1 2026, little changed year-on-year from $131.7 million in Q1 2025, and up 86.99% quarter-over-quarter from $70.1 million in Q4 2025.

Two Harbors Investment (TWO) Interest Expenses (2009 - 2026) Analysis & Trends

Two Harbors Investment's Interest Expenses history runs 18 years deep, the most recent figure standing at $131.2 million for Q1 2026.

  • On a quarterly basis, Interest Expenses changed 0.42% year-over-year to $131.2 million in Q1 2026; TTM through Mar 2026 was $455.1 million, a 16.03% decrease from a year earlier, with the FY2025 full-year figure at $490.9 million, down 20.64% from the prior year.
  • Interest Expenses advanced to $131.2 million in Q1 2026 per TWO's latest filing, from $70.1 million in the prior quarter.
  • Across five years, Interest Expenses topped out at $215.3 million in Q1 2024 and bottomed at $25.8 million in Q1 2022.
  • The 5-year median for Interest Expenses is $131.7 million (2025), against an average of $126.3 million.
  • Across the five-year window, Interest Expenses surged 495.26% in 2023 and sank 46.07% in 2024, its largest moves.
  • Year by year, Interest Expenses stood at $115.6 million in 2022, then jumped by 62.2% to $187.5 million in 2023, then plunged by 46.07% to $101.2 million in 2024, then sank by 30.65% to $70.1 million in 2025, then soared by 86.99% to $131.2 million in 2026.
  • Per Business Quant, the three latest TWO Interest Expenses figures stand at $131.2 million (Q1 2026), $70.1 million (Q4 2025), and $117.1 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Expense (Qtr)
1 Annaly Capital Management 16.30 Bn 14.44 Bn - 1.27 Bn
2 AGNC Investment 11.85 Bn 11.36 Bn - 731.00 Mn
3 Starwood Property Trust 5.99 Bn 5.94 Bn - 328.91 Mn
4 Rithm Capital 5.01 Bn 5.01 Bn - 444.66 Mn
5 Blackstone Mortgage Trust 2.78 Bn 2.24 Bn - 220.74 Mn
6 Ellington Financial 1.63 Bn 1.51 Bn - 97.38 Mn
7 Dynex Capital 1.56 Bn 1.05 Bn - 178.14 Mn
8 Armour Residential REIT 1.42 Bn 1.34 Bn - 285.73 Mn
9 Two Harbors Investment 1.27 Bn 987.19 Mn - 131.16 Mn
10 Ladder Capital 1.20 Bn 1.17 Bn - 51.20 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 131.16 Mn
Mar 31, 2026 131.16 Mn
Dec 31, 2025 70.15 Mn
Dec 31, 2025 70.15 Mn
Sep 30, 2025 117.12 Mn
Sep 30, 2025 117.12 Mn
Jun 30, 2025 136.70 Mn
Jun 30, 2025 136.70 Mn
Mar 31, 2025 131.71 Mn
Mar 31, 2025 131.71 Mn
Dec 31, 2024 101.15 Mn
Dec 31, 2024 101.15 Mn
Sep 30, 2024 154.93 Mn
Sep 30, 2024 154.93 Mn
Jun 30, 2024 154.21 Mn
Jun 30, 2024 154.21 Mn
Mar 31, 2024 215.34 Mn
Mar 31, 2024 215.34 Mn
Dec 31, 2023 187.55 Mn
Dec 31, 2023 187.55 Mn