Two Harbors Investment (TWO) Operating Expenses (2009 - 2026)

Two Harbors Investment's Operating Expenses history runs 18 years deep, the most recent figure standing at $49.4 million for Q1 2026.

• On a quarterly basis, Operating Expenses rose 5.0% year-over-year to $49.4 million in Q1 2026; TTM through Mar 2026 was $562.8 million, a 240.07% increase from a year earlier, with the FY2025 full-year figure at $560.5 million, up 237.66% from the prior year.
• Operating Expenses slipped to $49.4 million in Q1 2026 per TWO's latest filing, from $51.3 million in the prior quarter.
• Across five years, Operating Expenses topped out at $242.7 million in Q2 2025 and bottomed at -$45.9 million in Q4 2022.
• The 5-year median for Operating Expenses is $43.2 million (2022), against an average of $57.3 million.
• Across the five-year window, Operating Expenses slumped 51.92% in 2023 and surged 523.25% in 2025, its largest moves.
• Year by year, Operating Expenses stood at -$45.9 million in 2022, then surged by 198.61% to $45.3 million in 2023, then retreated by 9.66% to $40.9 million in 2024, then increased by 25.38% to $51.3 million in 2025, then retreated by 3.54% to $49.4 million in 2026.
• Per Business Quant, the three latest TWO Operating Expenses figures stand at $49.4 million (Q1 2026), $51.3 million (Q4 2025), and $219.4 million (Q3 2025).