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
DateValue
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