What is Two Hbrs Invt Corp's earnings per share (EPS)?

Two Hbrs Invt Corp (TWO) reported diluted earnings per share of $-4.88 for fiscal year 2025. This represents a -305.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Two Hbrs Invt Corp Financials

TWO

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Two Hbrs Invt Corp (TWO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

3/9

Two Hbrs Invt Corp passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

-0.20x

For every $1 of reported earnings, Two Hbrs Invt Corp generates $-0.20 in operating cash flow ($88.9M OCF vs -$454.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$412.0M

YoY-8.5%

5Y CAGR-4.7%

10Y CAGR-3.6%

Two Hbrs Invt Corp generated $412.0M in revenue in fiscal year 2025. This represents a decrease of 8.5% from the prior year.

EBITDA

N/A

Net Income

-$454.3M

YoY-252.4%

Two Hbrs Invt Corp reported -$454.3M in net income in fiscal year 2025. This represents a decrease of 252.4% from the prior year.

EPS (Diluted)

$-4.88

YoY-305.9%

Two Hbrs Invt Corp earned $-4.88 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 305.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$842.3M

YoY+66.9%

5Y CAGR-9.5%

10Y CAGR-1.7%

Two Hbrs Invt Corp held $842.3M in cash against $8.6B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.52

YoY-15.6%

Two Hbrs Invt Corp paid $1.52 per share in dividends in fiscal year 2025. This represents a decrease of 15.6% from the prior year.

Shares Outstanding

105M

YoY+1.0%

5Y CAGR-17.4%

10Y CAGR-5.1%

Two Hbrs Invt Corp had 105M shares outstanding in fiscal year 2025. This represents an increase of 1.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-110.3%

YoY-176.5pp

5Y CAGR+200.2pp

10Y CAGR-193.3pp

Two Hbrs Invt Corp's net profit margin was -110.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 176.5 percentage points from the prior year.

Return on Equity

-25.4%

YoY-39.5pp

5Y CAGR+27.4pp

10Y CAGR-39.2pp

Two Hbrs Invt Corp's ROE was -25.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 39.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

Two Hbrs Invt Corp spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

N/A

TWO Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$412.0M-8.5%	$450.2M-6.3%	$480.4M+62.5%	$295.5M+75.3%	$168.6M-67.9%	$525.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$490.9M-19.2%	$607.8M-5.5%	$643.2M+148.9%	$258.4M+189.8%	$89.2M-68.3%	$281.2M
Income Tax	$8.9M-81.0%	$46.6M+102.7%	$23.0M-78.0%	$104.2M+2386.0%	$4.2M+111.7%	-$35.7M
Net Income	-$454.3M-252.4%	$298.2M+380.3%	-$106.4M-148.3%	$220.2M+17.6%	$187.2M+111.5%	-$1.6B
EPS (Diluted)	$-4.88-305.9%	$2.37+248.1%	$-1.60-175.1%	$2.13+23.8%	$1.72+106.9%	$-24.94

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$89.9M-3.9%	$93.6M-20.0%	$117.1M+5.1%	$111.4M+7.3%	$103.8M-7.9%	$112.6M-2.9%	$116.0M-1.6%	$117.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$105.4M-10.0%	$117.1M-14.3%	$136.7M+3.8%	$131.7M-5.0%	$138.7M-10.5%	$154.9M+0.5%	$154.2M-3.6%	$160.0M
Income Tax	$5.6M+363.1%	$1.2M-27.5%	$1.7M+285.4%	$431K-98.6%	$30.9M+395.2%	-$10.5M-173.6%	$14.2M+18.6%	$12.0M
Net Income	$11.7M+109.2%	-$127.9M+50.6%	-$259.0M-227.7%	-$79.1M-128.6%	$276.7M+216.0%	-$238.5M-523.3%	$56.3M-72.3%	$203.6M
EPS (Diluted)	N/A	$-1.36+48.1%	$-2.62-194.4%	$-0.89	N/A	$-2.42-662.8%	$0.43-75.1%	$1.73

TWO Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$10.9B-11.0%	$12.2B-7.1%	$13.1B-2.4%	$13.5B+11.2%	$12.1B-37.9%	$19.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$842.3M+66.9%	$504.6M-30.8%	$729.7M+6.8%	$683.5M-40.8%	$1.2B-16.7%	$1.4B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	$27.5M	N/A	N/A	N/A
Total Liabilities	$9.1B-10.0%	$10.1B-7.8%	$10.9B-3.1%	$11.3B+20.4%	$9.4B-43.0%	$16.4B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$8.6B	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.8B-15.8%	$2.1B-3.7%	$2.2B+0.9%	$2.2B-20.4%	$2.7B-11.2%	$3.1B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$10.9B-0.1%	$10.9B-16.1%	$13.0B-5.3%	$13.7B+12.1%	$12.2B-5.3%	$12.9B+0.3%	$12.8B-2.4%	$13.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$842.3M+9.3%	$770.5M+17.1%	$657.8M+14.6%	$573.9M+13.7%	$504.6M-3.4%	$522.6M-16.3%	$624.2M-6.3%	$666.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$9.1B-0.3%	$9.1B-17.9%	$11.1B-4.0%	$11.5B+14.4%	$10.1B-5.9%	$10.7B+0.6%	$10.7B-2.4%	$10.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$8.6B+1.5%	$8.4B-17.1%	$10.2B	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.8B+0.9%	$1.8B-6.1%	$1.9B-12.1%	$2.1B+1.1%	$2.1B-2.2%	$2.2B-1.2%	$2.2B-2.0%	$2.2B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TWO Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$88.9M-55.8%	$201.0M-41.5%	$343.5M-44.9%	$623.4M+47.2%	$423.5M-32.9%	$631.6M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$911.6M+1.8%	$895.3M+557.3%	-$195.8M+92.9%	-$2.8B-143.6%	$6.3B-57.6%	$14.9B
Financing Cash Flow	-$756.2M+29.6%	-$1.1B-123.9%	-$479.4M-141.1%	$1.2B+116.0%	-$7.3B+49.7%	-$14.5B
Dividends Paid	$170.9M-9.0%	$187.7M-5.0%	$197.6M-16.0%	$235.4M+21.6%	$193.5M-3.0%	$199.5M
Share Buybacks	$0	$0-100.0%	$7.1M	$0	$0-100.0%	$1.1M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$117.1M+149.0%	-$239.2M-341.4%	$99.1M-11.4%	$111.9M+631.4%	-$21.1M-124.2%	$87.1M-39.4%	$143.7M+1756.9%	-$8.7M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$17.2M-100.8%	$2.1B+156.6%	$829.2M+140.9%	-$2.0B-265.7%	$1.2B+580.1%	-$254.9M-193.1%	$274.0M+178.8%	-$347.7M
Financing Cash Flow	$75.1M+104.2%	-$1.8B-117.4%	-$827.8M-146.1%	$1.8B+280.1%	-$997.0M-13630.5%	-$7.3M+98.0%	-$369.2M-223.1%	$300.0M
Dividends Paid	$35.7M-12.8%	$41.0M-13.3%	$47.2M+0.5%	$47.0M+0.1%	$46.9M0.0%	$46.9M+0.1%	$46.9M0.0%	$46.9M
Share Buybacks	N/A	N/A	N/A	N/A	$0	$0	N/A	N/A

TWO Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-110.3%-176.5pp	66.2%+88.4pp	-22.1%-96.7pp	74.5%-36.5pp	111.1%+421.5pp	-310.5%
Return on Equity	-25.4%-39.5pp	14.1%+18.9pp	-4.8%-14.9pp	10.1%+3.3pp	6.8%+59.6pp	-52.8%
Return on Assets	-4.2%-6.6pp	2.4%+3.3pp	-0.8%-2.5pp	1.6%+0.1pp	1.6%+9.9pp	-8.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	4.79+0.0	4.75-0.2	4.96-0.2	5.17+1.8	3.41-1.9	5.32
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	13.0%+149.7pp	-136.7%+84.6pp	-221.3%-150.3pp	-71.0%-337.6pp	266.7%+478.4pp	-211.7%-260.3pp	48.6%-124.3pp	172.8%
Return on Equity	0.7%+7.9pp	-7.2%+6.5pp	-13.7%-10.1pp	-3.7%-16.7pp	13.0%+24.0pp	-11.0%-13.6pp	2.6%-6.5pp	9.1%
Return on Assets	0.1%+1.3pp	-1.2%+0.8pp	-2.0%-1.4pp	-0.6%-2.9pp	2.3%+4.1pp	-1.8%-2.3pp	0.4%-1.1pp	1.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	4.79+0.0	4.76-0.6	5.40+0.0	5.37+0.6	4.75-0.2	4.94+0.1	4.85-0.0	4.88
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Two Hbrs Invt Corp's annual revenue?

Two Hbrs Invt Corp (TWO) reported $412.0M in total revenue for fiscal year 2025. This represents a -8.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Two Hbrs Invt Corp's revenue growing?

Two Hbrs Invt Corp (TWO) revenue declined by 8.5% year-over-year, from $450.2M to $412.0M in fiscal year 2025.

Is Two Hbrs Invt Corp profitable?

No, Two Hbrs Invt Corp (TWO) reported a net income of -$454.3M in fiscal year 2025, with a net profit margin of -110.3%.

How much debt does Two Hbrs Invt Corp have?

As of fiscal year 2025, Two Hbrs Invt Corp (TWO) had $842.3M in cash and equivalents against $8.6B in long-term debt.

What is Two Hbrs Invt Corp's net profit margin?

Two Hbrs Invt Corp (TWO) had a net profit margin of -110.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Two Hbrs Invt Corp pay dividends?

Yes, Two Hbrs Invt Corp (TWO) paid $1.52 per share in dividends during fiscal year 2025.

What is Two Hbrs Invt Corp's return on equity (ROE)?

Two Hbrs Invt Corp (TWO) has a return on equity of -25.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Two Hbrs Invt Corp's operating cash flow?

Two Hbrs Invt Corp (TWO) generated $88.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Two Hbrs Invt Corp's total assets?

Two Hbrs Invt Corp (TWO) had $10.9B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Two Hbrs Invt Corp have outstanding?

Two Hbrs Invt Corp (TWO) had 105M shares outstanding as of fiscal year 2025.

What is Two Hbrs Invt Corp's debt-to-equity ratio?

Two Hbrs Invt Corp (TWO) had a debt-to-equity ratio of 4.79 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Two Hbrs Invt Corp's return on assets (ROA)?

Two Hbrs Invt Corp (TWO) had a return on assets of -4.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Two Hbrs Invt Corp's Piotroski F-Score?

Two Hbrs Invt Corp (TWO) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Two Hbrs Invt Corp's earnings high quality?

Two Hbrs Invt Corp (TWO) has an earnings quality ratio of -0.20x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.