Two Harbors Investment (TWO) Net Cash Flow (2010 - 2026)

Two Harbors Investment's (TWO) quarterly Net Cash Flow came in at -$301.8 million in Q1 2026, down 151.68% year-on-year from $584.0 million in Q1 2025, and down 272.43% quarter-over-quarter from $175.0 million in Q4 2025.

Two Harbors Investment (TWO) Net Cash Flow (2010 - 2026) Analysis & Trends

Two Harbors Investment's Net Cash Flow history runs 17 years deep, the most recent figure standing at -$301.8 million for Q1 2026.

  • On a quarterly basis, Net Cash Flow fell 151.68% year-over-year to -$301.8 million in Q1 2026; TTM through Mar 2026 was $62.4 million, a 253.36% increase from a year earlier, with the FY2025 full-year figure at $244.3 million, up 971.16% from the prior year.
  • Net Cash Flow fell to -$301.8 million in Q1 2026 per TWO's latest filing, from $175.0 million in the prior quarter.
  • Across five years, Net Cash Flow topped out at $435.4 million in Q3 2022 and bottomed at -$612.5 million in Q1 2022.
  • The 5-year median for Net Cash Flow is -$56.4 million (2024), against an average of -$78.1 million.
  • Across the five-year window, Net Cash Flow jumped 251.4% in 2022 and sank 852.31% in 2024, its largest moves.
  • Year by year, Net Cash Flow stood at -$448.5 million in 2022, then jumped by 44.23% to -$250.1 million in 2023, then soared by 182.33% to $205.9 million in 2024, then decreased by 15.01% to $175.0 million in 2025, then tumbled by 272.43% to -$301.8 million in 2026.
  • Per Business Quant, the three latest TWO Net Cash Flow figures stand at -$301.8 million (Q1 2026), $175.0 million (Q4 2025), and $88.6 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Cash Flow (Qtr)
1 Annaly Capital Management 16.30 Bn 14.44 Bn - -125.39 Mn
2 AGNC Investment 11.85 Bn 11.36 Bn - 615.00 Mn
3 Starwood Property Trust 5.99 Bn 5.94 Bn - -8.67 Mn
4 Rithm Capital 5.01 Bn 5.01 Bn - -326.45 Mn
5 Blackstone Mortgage Trust 2.78 Bn 2.24 Bn - 97.70 Mn
6 Ellington Financial 1.63 Bn 1.51 Bn - -146.67 Mn
7 Dynex Capital 1.56 Bn 1.05 Bn - 359.25 Mn
8 Armour Residential REIT 1.42 Bn 1.34 Bn - 221.27 Mn
9 Two Harbors Investment 1.27 Bn 987.19 Mn - -301.80 Mn
10 Ladder Capital 1.20 Bn 1.17 Bn - -1.27 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -301.80 Mn
Mar 31, 2026 -301.80 Mn
Dec 31, 2025 175.03 Mn
Dec 31, 2025 175.03 Mn
Sep 30, 2025 88.62 Mn
Sep 30, 2025 88.62 Mn
Jun 30, 2025 100.57 Mn
Jun 30, 2025 100.57 Mn
Mar 31, 2025 -119.92 Mn
Mar 31, 2025 -119.92 Mn
Dec 31, 2024 205.94 Mn
Dec 31, 2024 205.94 Mn
Sep 30, 2024 -175.12 Mn
Sep 30, 2024 -175.12 Mn
Jun 30, 2024 48.39 Mn
Jun 30, 2024 48.39 Mn
Mar 31, 2024 -56.41 Mn
Mar 31, 2024 -56.41 Mn
Dec 31, 2023 -250.13 Mn
Dec 31, 2023 -250.13 Mn