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| Date | Value |
|---|---|
| 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 |