Two Harbors Investment (TWO) Net Income (2009 - 2026)

Two Harbors Investment's (TWO) quarterly Net Income came in at $32.3 million in Q1 2026, up 140.81% year-on-year from $13.4 million in Q1 2025, and up 175.82% quarter-over-quarter from $11.7 million in Q4 2025.

Two Harbors Investment (TWO) Net Income (2009 - 2026) Analysis & Trends

Two Harbors Investment's Net Income history runs 15 years deep, the most recent figure standing at $32.3 million for Q1 2026.

  • On a quarterly basis, Net Income rose 140.81% year-over-year to $32.3 million in Q1 2026; TTM through Mar 2026 was -$343.0 million, a 2305.02% decrease from a year earlier, with the FY2025 full-year figure at -$454.3 million, down 252.37% from the prior year.
  • Net Income rose to $32.3 million in Q1 2026 per TWO's latest filing, from $11.7 million in the prior quarter.
  • Across five years, Net Income topped out at $306.2 million in Q3 2023 and bottomed at -$433.2 million in Q4 2023.
  • The 5-year median for Net Income is $11.7 million (2025), against an average of -$588647.1.
  • Across the five-year window, Net Income tumbled 20654.45% in 2022 and soared 372.64% in 2023, its largest moves.
  • Year by year, Net Income stood at -$270.2 million in 2022, then sank by 60.31% to -$433.2 million in 2023, then soared by 163.88% to $276.7 million in 2024, then sank by 95.77% to $11.7 million in 2025, then jumped by 175.82% to $32.3 million in 2026.
  • Per Business Quant, the three latest TWO Net Income figures stand at $32.3 million (Q1 2026), $11.7 million (Q4 2025), and -$127.9 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Income (Qtr)
1 Annaly Capital Management 16.30 Bn 14.44 Bn - 290.52 Mn
2 AGNC Investment 11.85 Bn 11.36 Bn - -
3 Starwood Property Trust 5.99 Bn 5.94 Bn - 57.42 Mn
4 Rithm Capital 5.01 Bn 5.01 Bn - 109.48 Mn
5 Blackstone Mortgage Trust 2.78 Bn 2.24 Bn - -6.34 Mn
6 Ellington Financial 1.63 Bn 1.51 Bn - 89.90 Mn
7 Dynex Capital 1.56 Bn 1.05 Bn - -
8 Armour Residential REIT 1.42 Bn 1.34 Bn - -
9 Two Harbors Investment 1.27 Bn 987.19 Mn - 32.25 Mn
10 Ladder Capital 1.20 Bn 1.17 Bn - 2.60 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 32.25 Mn
Dec 31, 2025 11.69 Mn
Sep 30, 2025 -127.92 Mn
Jun 30, 2025 -259.04 Mn
Mar 31, 2025 -79.02 Mn
Dec 31, 2024 276.73 Mn
Sep 30, 2024 -238.49 Mn
Jun 30, 2024 56.34 Mn
Mar 31, 2024 203.56 Mn
Dec 31, 2023 -433.20 Mn
Sep 30, 2023 306.19 Mn
Jun 30, 2023 197.45 Mn
Mar 31, 2023 -176.81 Mn
Dec 31, 2022 -270.22 Mn
Sep 30, 2022 277.64 Mn
Jun 30, 2022 -72.42 Mn
Mar 31, 2022 285.27 Mn
Dec 31, 2021 -1.30 Mn
Sep 30, 2021 66.35 Mn
Jun 30, 2021 -117.96 Mn