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Two Harbors (TWO)
NYSE:TWO
US Market

Two Harbors (TWO) Income Statement

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Two Harbors Income Statement

Last quarter (Q4 2025), Two Harbors's total revenue was $179.37M, a decrease of -18.26% from the same quarter last year. In Q4, Two Harbors's net income was $11.72M. See Two Harbors’s key income statements, including revenue, expenses, profit, and income.
Income Statement
Dec 25Dec 24Dec 23Dec 22Dec 21
Total Revenue
$ 952.45M$ 845.84M$ 640.49M$ 12.61M$ -142.91M
Gross Profit
$ 939.72M$ 884.29M$ 566.36M$ -81.51M$ -229.16M
Operating Expenses
$ 519.20M$ 511.01M$ 31.79M$ 407.18M$ 255.22M
Depreciation and Amortization
$ 0.00$ 0.00$ 167.90K$ 228.49K$ 0.00
EBITDA
$ 420.51M$ 951.08M$ 560.54M$ 582.85M$ 280.59M
Operating Income
$ 420.51M$ 951.08M$ 559.83M$ 582.85M$ 280.59M
Other Income/Expenses
$ -865.94M$ -606.32M$ -643.23M$ -258.39M$ -89.17M
Pretax Income
$ -445.43M$ 344.75M$ -83.39M$ 324.45M$ 191.42M
Net Income
$ -454.30M$ 298.17M$ -106.37M$ 220.24M$ 187.23M
Per Share Metrics
Basic EPS
$ -4.36$ 2.41$ -1.60$ 2.15$ 1.72
Diluted EPS
$ -4.36$ 2.37$ -1.60$ 2.13$ 1.72
Weighted Average Shares Outstanding
104.16M 103.56M 95.67M 96.08M 74.44M
Weighted Average Shares Outstanding (Diluted)
104.16M 113.09M 95.67M 96.08M 74.51M
Currency in USD

Two Harbors Earnings and Revenue History