Two Harbors Investment Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Interest Income	-65.12	-78.95	-157.65	-162.86	37.15	79.42
Net Interest Income Growth	-	-	-	-	-53.23%	-67.42%
Non-Interest Income	944.39	904.18	1,370	854.91	1,484	557.95
Non-Interest Income Growth	-11.83%	-34.00%	60.25%	-42.38%	165.93%	-
Revenues Before Loan Losses	879.27	825.23	1,212	692.04	1,521	637.38
Revenue	879.27	825.23	1,212	692.04	1,521	637.38
Revenue Growth (YoY)	-5.99%	-31.93%	75.19%	-54.50%	138.62%	-
Compensation Expenses	95.44	95.33	89.75	52.87	40.72	35.04
Other Non-Interest Expenses	409.16	368.98	36.2	-7.66	-561.93	28.76
Total Non-Interest Expense	562.84	560.49	165.99	115.18	82.73	63.8
Pretax Income	-330.45	-445.43	344.75	-83.39	324.45	191.42
Provision for Income Taxes	12.51	8.87	46.59	22.98	104.21	4.19
Net Income	-395.37	-507.09	251.68	-152.01	186.78	128.77
Net Income Attributable to Preferred Dividends	-52.41	-52.79	-47.78	-51.58	-73.76	-58.46
Net Income to Common	-395.37	-507.09	251.68	-152.01	186.78	128.77
Net Income Growth	-	-	-	-	45.05%	-
Shares Outstanding (Basic)	104	104	104	96	86	74
Shares Outstanding (Diluted)	104	104	113	96	96	75
Shares Change (YoY)	0.63%	-7.94%	18.21%	-0.42%	28.94%	8.93%
EPS (Basic)	-3.82	-4.88	2.41	-1.60	2.15	1.72
EPS (Diluted)	-3.82	-4.88	2.37	-1.60	2.13	1.72
EPS Growth	-	-	-	-	23.84%	-
Shares Outstanding	105.04	104.81	103.68	103.21	86.43	85.98
Free Cash Flow	33.58	88.92	201	343.51	623.4	423.51
Free Cash Flow Growth	-62.23%	-55.76%	-41.48%	-44.90%	47.20%	-32.95%
Free Cash Flow Per Share	0.32	0.85	1.78	3.59	6.49	5.68
Dividends Per Share	1.410	1.520	1.800	1.950	2.640	2.720
Dividend Growth	-7.24%	-15.56%	-7.69%	-26.14%	-2.94%	36.00%
Profit Margin	49.01%	-55.05%	24.59%	-15.37%	14.48%	-29.37%
FCF Margin	3.82%	10.77%	16.58%	49.64%	40.99%	66.45%
Effective Tax Rate	-3.79%	-1.99%	13.51%	-27.55%	32.12%	2.19%

SEC Filings: 10-K · 10-Q