Two Harbors Investment Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Cash & Equivalents	1,062	817.64	794.83	1,127	2,089
Securities and Investments	6,514	7,372	8,327	7,779	7,162
Short-Term Interbank Lending and Reverse Repurchase Agreements	157.12	355.98	284.09	1,067	134.68
Trading Assets	87.55	10.11	85.29	26.44	80.13
Net Loans	13.63	2.33	0.33	-	-
Accrued Interest and Accounts Receivable	408.49	419.8	358.56	289.39	194.72
Other Intangible Assets	2,422	2,994	3,052	2,985	2,192
Other Non-Earning Assets	194.1	232.48	236.53	193.22	262.82
Total Assets	10,859	12,204	13,139	13,466	12,114
Short-Term Interbank Borrowing and Repurchase Agreements	7,256	7,805	8,020	8,603	7,656
Short-Term Borrowings	928.78	1,022	1,329	1,119	420.76
Trading Liabilities	4.25	24.9	21.51	34.05	53.66
Accounts Payable	215.81	648.64	574.74	541.71	196.63
Accrued Expenses	130.85	144.72	200.5	158.54	90.79
Long-Term Debt	372.87	260.23	563.85	680.51	821.6
Other Liabilities	163.19	176.06	225.43	145.99	130.46
Total Liabilities	9,071	10,082	10,935	11,283	9,370
Preferred Stock	601.47	601.47	613.21	631	702.55
Common Stock	1.05	1.04	1.03	0.86	0.86
Additional Paid-in Capital	5,948	5,937	5,925	5,646	5,628
Accumulated Other Comprehensive Income	-0.09	-320.52	-176.43	-278.71	186.35
Retained Earnings	-4,763	-4,096	-4,160	-3,816	-3,774
Shareholders' Equity	1,788	2,123	2,203	2,184	2,744
Total Liabilities & Equity	10,859	12,204	13,139	13,466	12,114
Total Debt	372.87	260.23	563.85	680.51	821.6
Net Cash (Debt)	-372.87	-260.23	-563.85	-680.51	-821.6
Net Cash Per Share	-3.58	-2.30	-5.89	-7.08	-11.03
Book Value	1,788	2,123	2,203	2,184	2,744
Book Value Per Share	17.17	18.77	23.03	22.73	36.83
Tangible Book Value	-633.98	-871.76	-848.63	-801.41	552.38
Tangible Book Value Per Share	-6.09	-7.71	-8.87	-8.34	7.41

Updated Feb 2, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q