Two Harbors Investment (TWO) Trading Income (2012 - 2026)

Two Harbors Investment's (TWO) quarterly Trading Income came in at $16.1 million in Q1 2026, up 116.6% year-on-year from $7.4 million in Q1 2025, and down 21.99% quarter-over-quarter from $20.7 million in Q4 2025.

Two Harbors Investment (TWO) Trading Income (2012 - 2026) Analysis & Trends

Two Harbors Investment's Trading Income history runs 15 years deep, the most recent figure standing at $16.1 million for Q1 2026.

  • On a quarterly basis, Trading Income rose 116.6% year-over-year to $16.1 million in Q1 2026; TTM through Mar 2026 was $21.9 million, a 116.09% increase from a year earlier, with the FY2025 full-year figure at -$91.4 million, down 185.32% from the prior year.
  • Trading Income declined to $16.1 million in Q1 2026 per TWO's latest filing, from $20.7 million in the prior quarter.
  • Across five years, Trading Income topped out at $198.1 million in Q3 2023 and bottomed at -$283.0 million in Q4 2023.
  • The 5-year median for Trading Income is $20.7 million (2025), against an average of -$8.7 million.
  • Across the five-year window, Trading Income jumped 1122.09% in 2022 and slumped 631.03% in 2023, its largest moves.
  • Year by year, Trading Income stood at $53.3 million in 2022, then slumped by 631.03% to -$283.0 million in 2023, then soared by 150.97% to $144.3 million in 2024, then sank by 85.66% to $20.7 million in 2025, then dropped by 21.99% to $16.1 million in 2026.
  • Per Business Quant, the three latest TWO Trading Income figures stand at $16.1 million (Q1 2026), $20.7 million (Q4 2025), and $69.2 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Trading Income (Qtr)
1 Annaly Capital Management 16.30 Bn 14.44 Bn - -
2 AGNC Investment 11.85 Bn 11.36 Bn - -
3 Starwood Property Trust 5.99 Bn 5.94 Bn - -
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 - 16.14 Mn
10 Ladder Capital 1.20 Bn 1.17 Bn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 16.14 Mn
Dec 31, 2025 20.68 Mn
Sep 30, 2025 69.18 Mn
Jun 30, 2025 -84.09 Mn
Mar 31, 2025 -97.20 Mn
Dec 31, 2024 144.26 Mn
Sep 30, 2024 -204.48 Mn
Jun 30, 2024 21.26 Mn
Mar 31, 2024 146.11 Mn
Dec 31, 2023 -283.05 Mn
Sep 30, 2023 198.12 Mn
Jun 30, 2023 103.69 Mn
Mar 31, 2023 -237.93 Mn
Dec 31, 2022 53.30 Mn
Sep 30, 2022 193.85 Mn
Jun 30, 2022 -68.54 Mn
Mar 31, 2022 -139.80 Mn
Dec 31, 2021 25.42 Mn
Sep 30, 2021 -18.97 Mn
Jun 30, 2021 75.96 Mn