Two Harbors Investment (TWO) Operating Expenses (2009 - 2026)
Two Harbors Investment (TWO) posted quarterly Operating Expenses of $51.4 million for Q2 2026, down 78.82% year-over-year from $242.7 million in Q2 2025, and up 3.94% quarter-over-quarter from $49.4 million in Q1 2026.
Two Harbors Investment (TWO) Operating Expenses (2009 - 2026) Analysis & Trends
Two Harbors Investment's Operating Expenses history runs 18 years deep, the most recent figure standing at $51.4 million for Q2 2026.
- In Q2 2026, Operating Expenses fell 78.82% year-over-year to $51.4 million; the TTM figure through Jun 2026 stood at $371.5 million (up 0.61% YoY), while the FY2025 annual figure was $560.5 million, up 237.66% from the prior year.
- Operating Expenses for Q2 2026 stood at $51.4 million, up from $49.4 million in the prior quarter.
- The five-year high for Operating Expenses was $242.7 million in Q2 2025, with the low at -$45.9 million in Q4 2022.
- The 5-year median for Operating Expenses is $43.3 million (2022), against an average of $57.0 million.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses surged 523.25% in 2025, then tumbled 78.82% in 2026.
- Two Harbors Investment's Operating Expenses stood at -$45.9 million in 2022, then jumped by 198.61% to $45.3 million in 2023, then fell by 9.66% to $40.9 million in 2024, then grew by 25.38% to $51.3 million in 2025, then grew by 0.27% to $51.4 million in 2026.
- Business Quant data shows TWO's Operating Expenses at $51.4 million in Q2 2026, $49.4 million in Q1 2026, and $51.3 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | 71.74 Mn |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | 30.00 Mn |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 524.77 Mn |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 1.28 Bn |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | 16.21 Mn |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 111.00 Mn |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | 17.16 Mn |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | 76.02 Mn |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 6.76 Mn |
| 10 | Two Harbors Investment | 1.26 Bn | 617.08 Mn | - | 51.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 51.40 Mn |
| Mar 31, 2026 | 49.45 Mn |
| Dec 31, 2025 | 51.26 Mn |
| Sep 30, 2025 | 219.42 Mn |
| Jun 30, 2025 | 242.71 Mn |
| Mar 31, 2025 | 47.09 Mn |
| Dec 31, 2024 | 40.89 Mn |
| Sep 30, 2024 | 38.59 Mn |
| Jun 30, 2024 | 38.94 Mn |
| Mar 31, 2024 | 47.58 Mn |
| Dec 31, 2023 | 45.26 Mn |
| Sep 30, 2023 | 24.60 Mn |
| Jun 30, 2023 | 20.75 Mn |
| Mar 31, 2023 | 24.57 Mn |
| Dec 31, 2022 | -45.90 Mn |
| Sep 30, 2022 | 41.94 Mn |
| Jun 30, 2022 | 43.16 Mn |
| Mar 31, 2022 | 43.52 Mn |
| Dec 31, 2021 | -51.62 Mn |
| Sep 30, 2021 | 37.65 Mn |