Two Harbors Investment (TWOD) Change in Intangibles (2013 - 2026)
Two Harbors Investment's Change in Intangibles was $1.76 million in Q2 2026, down 98.1% from $91.41 million a year earlier but up 78.6% from the prior quarter.
Powered by 
Analysis
Two Harbors Investment (TWOD) Change in Intangibles (2013 - 2026) Analysis & Trends
On a trailing twelve-month basis, Two Harbors Investment's Change in Intangibles was $13.81 million through Jun 30, 2026, down 91.6% year-over-year; for FY2025, it was $103.99 million, down 8.9% from FY2024.
- Change in Intangibles has now declined for four consecutive years, with a five-year compound annual growth rate of -30.0% (FY2020 to FY2025).
- In earlier years, Change in Intangibles was $114.12 million in FY2024 (-63.5%), $312.64 million in FY2023 (-50.4%), $629.81 million in FY2022 (-15.1%) and $742.15 million in FY2021 (+19.6%).
- Quarterly Change in Intangibles has moved between $985,000 (Q1 2026) and $487.76 million (Q1 2022) over five years.
- Compared with a year earlier, Change in Intangibles has declined for four straight quarters, with growth averaging 92.6% over the last seven quarters.
- The best year-over-year quarter for Change in Intangibles over five years was Q3 2024 (growth of 899.6%); the worst was Q2 2024 (a decline of 98.1%).
- Per Business Quant data, TWOD's Change in Intangibles in the three quarters before Q2 2026 was $985,000 (Q1 2026), $2.42 million (Q4 2025) and $8.65 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Intangibless (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 42.82 Bn | 31.64 Bn | - | -379.00 Mn |
| 2 | Orix | 38.85 Bn | 7.58 Bn | 12.74 Bn | - |
| 3 | Royalty Pharma | 30.02 Bn | 27.40 Bn | - | - |
| 4 | Federal National Mortgage Association Fannie Mae | 26.05 Bn | 26.05 Bn | - | - |
| 5 | Synchrony Financial | 23.55 Bn | -44.08 Bn | - | - |
| 6 | Affirm Holdings | 23.27 Bn | 16.32 Bn | - | - |
| 7 | Royal Gold | 22.53 Bn | 21.71 Bn | 390.45 Mn | - |
| 8 | Annaly Capital Management | 14.32 Bn | 5.27 Bn | - | 174.47 Mn |
| 9 | Ares Capital | 13.77 Bn | 11.52 Bn | - | - |
| 10 | Two Harbors Investment | 2.69 Bn | -46.51 Mn | - | 1.76 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.76 Mn |
| Mar 31, 2026 | 985,000.00 |
| Dec 31, 2025 | 2.42 Mn |
| Sep 30, 2025 | 8.65 Mn |
| Jun 30, 2025 | 91.41 Mn |
| Mar 31, 2025 | 1.51 Mn |
| Dec 31, 2024 | 27.51 Mn |
| Sep 30, 2024 | 43.19 Mn |
| Jun 30, 2024 | 3.35 Mn |
| Mar 31, 2024 | 40.07 Mn |
| Dec 31, 2023 | 11.04 Mn |
| Sep 30, 2023 | 4.32 Mn |
| Jun 30, 2023 | 179.83 Mn |
| Mar 31, 2023 | 117.44 Mn |
| Dec 31, 2022 | 30.50 Mn |
| Sep 30, 2022 | 60.88 Mn |
| Jun 30, 2022 | 50.67 Mn |
| Mar 31, 2022 | 487.76 Mn |
| Dec 31, 2021 | 109.53 Mn |
| Sep 30, 2021 | 268.06 Mn |
API Access
Two Harbors Investment Change in Intangibles API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-intangibles&ticker=TWOD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-intangibles", "ticker": "TWOD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-intangibles&ticker=TWOD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();