Two Harbors Investment (TWO) Non Operating Income (2014 - 2026)
Two Harbors Investment's (TWO) quarterly Non Operating Income came in at -$36.0 million in Q1 2026, up 78.17% year-on-year from -$20.2 million in Q1 2025, and up 37.57% quarter-over-quarter from -$57.6 million in Q4 2025.
Two Harbors Investment (TWO) Non Operating Income (2014 - 2026) Analysis & Trends
Two Harbors Investment's Non Operating Income history runs 13 years deep, the most recent figure standing at -$36.0 million for Q1 2026.
- On a quarterly basis, Non Operating Income rose 78.17% year-over-year to -$36.0 million in Q1 2026; TTM through Mar 2026 was -$291.1 million, a 4.3% increase from a year earlier, with the FY2025 full-year figure at -$420.0 million, down 6255.5% from the prior year.
- Non Operating Income advanced to -$36.0 million in Q1 2026 per TWO's latest filing, from -$57.6 million in the prior quarter.
- Across five years, Non Operating Income topped out at $355.1 million in Q1 2022 and bottomed at -$801.1 million in Q4 2022.
- The 5-year median for Non Operating Income is -$36.0 million (2026), against an average of -$57.9 million.
- Across the five-year window, Non Operating Income jumped 658.09% in 2023 and slumped 534.37% in 2025, its largest moves.
- Year by year, Non Operating Income stood at -$801.1 million in 2022, then soared by 32.83% to -$538.1 million in 2023, then jumped by 140.96% to $220.4 million in 2024, then plunged by 126.15% to -$57.6 million in 2025, then surged by 37.57% to -$36.0 million in 2026.
- Per Business Quant, the three latest TWO Non Operating Income figures stand at -$36.0 million (Q1 2026), -$57.6 million (Q4 2025), and -$46.5 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Op. Inc. (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.30 Bn | 14.44 Bn | - | -253.68 Mn |
| 2 | AGNC Investment | 11.85 Bn | 11.36 Bn | - | -433.00 Mn |
| 3 | Starwood Property Trust | 5.99 Bn | 5.94 Bn | - | 21.33 Mn |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | - |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | - |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | - |
| 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 | - | -35.99 Mn |
| 10 | Ladder Capital | 1.20 Bn | 1.17 Bn | - | 28.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -35.99 Mn |
| Dec 31, 2025 | -57.64 Mn |
| Sep 30, 2025 | -46.48 Mn |
| Jun 30, 2025 | -151.02 Mn |
| Mar 31, 2025 | -164.86 Mn |
| Dec 31, 2024 | 220.39 Mn |
| Sep 30, 2024 | -335.90 Mn |
| Jun 30, 2024 | -23.81 Mn |
| Mar 31, 2024 | 146.14 Mn |
| Dec 31, 2023 | -538.10 Mn |
| Sep 30, 2023 | 267.92 Mn |
| Jun 30, 2023 | 129.75 Mn |
| Mar 31, 2023 | -255.21 Mn |
| Dec 31, 2022 | -801.11 Mn |
| Sep 30, 2022 | 329.54 Mn |
| Jun 30, 2022 | -23.25 Mn |
| Mar 31, 2022 | 355.06 Mn |
| Dec 31, 2021 | -445.82 Mn |
| Sep 30, 2021 | 90.14 Mn |
| Jun 30, 2021 | -120.75 Mn |