Two Hbrs Invt Corp Financials
Two Hbrs Invt Corp (TWO) reported $412.0M in revenue for fiscal year 2025, down 8.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
A balance-sheet-driven model with heavy leverage makes shareholder results swing far more than reported revenue suggests.
In the latest year, net income flipped from$298M profit to-$454M loss while operating cash flow remained positive. With equity reduced to$1.79B and leverage still near 4.8x, the real pressure point is a thinner loss-absorbing cushion, so asset-level setbacks hit shareholders much harder than the cash balance alone would imply.
The balance sheet is debt-funded: long-term debt was
Liquidity looked better because cash increased to
Financial Health Signals
Two Hbrs Invt Corp does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Two Hbrs Invt Corp passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Two Hbrs Invt Corp reported a net loss of $454.3M while generating $88.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Two Hbrs Invt Corp generated $412.0M in revenue in fiscal year 2025. This represents a decrease of 8.5% from the prior year.
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.
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.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Two Hbrs Invt Corp held $842.3M in cash against $8.6B in long-term debt as of fiscal year 2025.
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.
Not reported for fiscal year 2025.
Margins & Returns
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Two Hbrs Invt Corp repurchased no shares in fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
TWO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $389.3M | $412.0M-8.5% | $450.2M-6.3% | $480.4M+62.5% | $295.5M+75.3% | $168.6M-67.9% | $525.0M-47.2% | $994.7M+14.3% | $870.0M+16.8% | $745.1M+29.6% | $575.1M-3.0% | $592.9M+2.7% | $577.2M+3.9% | $555.6M+22.1% | $455.0M+125.7% | $201.6M |
| SG&A Expenses | $95.4M | $95.3M+6.2% | $89.8M+69.8% | $52.9M+29.8% | $40.7M+16.2% | $35.0M-7.1% | $37.7M+13.5% | $33.2M-6.4% | $35.5M | N/A | N/A | N/A | N/A | $30.4M+105.7% | $14.8M+102.5% | $7.3M |
| Interest Expense | $454.4M | $490.9M-19.2% | $607.8M-5.5% | $643.2M+148.9% | $258.4M+189.8% | $89.2M-68.3% | $281.2M-60.6% | $714.3M+37.5% | $519.7M+48.4% | $350.2M+64.2% | $213.3M+50.4% | $141.8M+32.0% | $107.5M+7.0% | $100.4M+39.2% | $72.1M+217.5% | $22.7M |
| Income Tax | $12.5M | $8.9M-81.0% | $46.6M+102.7% | $23.0M-78.0% | $104.2M+2386.0% | $4.2M+111.7% | -$35.7M-163.2% | -$13.6M-132.4% | $41.8M+499.0% | -$10.5M-185.1% | $12.3M+174.4% | -$16.6M+77.5% | -$73.7M-187.4% | $84.4M+299.9% | -$42.2M-3717.3% | -$1.1M |
| Net Income | -$343.0M | -$454.3M-252.4% | $298.2M+380.3% | -$106.4M-148.3% | $220.2M+17.6% | $187.2M+111.5% | -$1.6B-603.2% | $324.0M+831.5% | -$44.3M-112.7% | $348.6M-1.3% | $353.3M-28.2% | $492.2M+194.5% | $167.1M-71.1% | $579.0M+98.4% | $291.9M+129.1% | $127.4M |
| EPS (Diluted) | — | -$4.88-305.9% | $2.37 | -$1.60 | $2.13+23.8% | $1.72 | -$24.94 | $0.93 | -$0.53 | $1.81-10.8% | $2.03-24.8% | $2.70 | $0.46 | $1.65+37.5% | $1.20 | $1.29 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
TWO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $10.9B-11.0% | $12.2B-7.1% | $13.1B-2.4% | $13.5B+11.2% | $12.1B-37.9% | $19.5B-45.7% | $35.9B+19.2% | $30.1B+21.6% | $24.8B+23.3% | $20.1B+38.0% | $14.6B-30.9% | $21.1B+22.8% | $17.2B+2.1% | $16.8B+107.6% | $8.1B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $7.6B |
| Cash & Equivalents | $842.3M+66.9% | $504.6M-30.8% | $729.7M+6.8% | $683.5M-40.8% | $1.2B-16.7% | $1.4B+148.1% | $558.1M+36.2% | $409.8M-2.2% | $419.2M+19.5% | $350.9M-64.9% | $1.0B-0.5% | $1.0B-1.9% | $1.0B+24.9% | $821.1M+128.1% | $360.0M |
| Goodwill | N/A | N/A | $27.5M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 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-46.9% | $31.0B+19.6% | $25.9B+22.0% | $21.2B+27.0% | $16.7B+51.9% | $11.0B-35.4% | $17.0B+27.8% | $13.3B-0.3% | $13.4B+95.6% | $6.8B |
| Long-Term Debt | $8.6B | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 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-37.9% | $5.0B+16.8% | $4.3B+19.1% | $3.6B+5.0% | $3.4B-4.9% | $3.6B-12.1% | $4.1B+5.5% | $3.9B+11.7% | $3.5B+171.7% | $1.3B |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Current Liabilities, Retained Earnings.
TWO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $33.6M | $88.9M-55.8% | $201.0M-41.5% | $343.5M-44.9% | $623.4M+47.2% | $423.5M-32.9% | $631.6M-40.2% | $1.1B+50.3% | $702.9M+15.8% | $606.8M+153.2% | $239.7M+112.4% | -$1.9B-190.2% | -$667.3M-46.3% | -$456.0M-381.2% | $162.2M+6.9% | $151.6M |
| Investing Cash Flow | $2.9B | $911.6M+1.8% | $895.3M+557.3% | -$195.8M+92.9% | -$2.8B-143.6% | $6.3B-57.6% | $14.9B+345.2% | -$6.1B-226.9% | $4.8B+150.5% | -$9.5B-67.3% | -$5.7B-171.7% | $7.9B+383.1% | -$2.8B-643.7% | $514.1M+107.4% | -$6.9B-9.1% | -$6.3B |
| Financing Cash Flow | -$2.9B | -$756.2M+29.6% | -$1.1B-123.9% | -$479.4M-141.1% | $1.2B+116.0% | -$7.3B+49.7% | -$14.5B-361.8% | $5.5B+201.7% | -$5.5B-159.8% | $9.1B+73.8% | $5.2B+183.0% | -$6.3B-283.5% | $3.4B+2253.3% | $146.3M-98.0% | $7.2B+13.0% | $6.4B |
| Dividends Paid | $159.8M | $170.9M-9.0% | $187.7M-5.0% | $197.6M-16.0% | $235.4M+21.6% | $193.5M-3.0% | $199.5M-56.9% | $463.1M+71.1% | $270.6M-36.0% | $422.9M+27.4% | $331.9M-13.0% | $381.6M+33.6% | $285.6M-51.7% | $591.5M+76.4% | $335.3M+179.9% | $119.8M |
| Share Buybacks | N/A | $0 | $0-100.0% | $7.1M | $0 | $0-100.0% | $1.1M+5500.0% | $19K | $0 | $0-100.0% | $61.3M-46.8% | $115.2M | $0-100.0% | $23.9M | $0 | $0 |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
TWO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | -110.3% | 66.2%+88.4pp | -22.1%-96.7pp | 74.5% | 111.1% | -310.5% | 32.6%+37.7pp | -5.1%-51.9pp | 46.8%-14.6pp | 61.4%-21.6pp | 83.0%+54.1pp | 29.0% | 104.2% | 64.1%+0.9pp | 63.2% |
| 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%-59.3pp | 6.5%+7.6pp | -1.0%-10.8pp | 9.8%-0.6pp | 10.4%-3.4pp | 13.8%+9.7pp | 4.1%-10.9pp | 15.0%+6.6pp | 8.5%-1.6pp | 10.0% |
| 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%-9.3pp | 0.9%+1.0pp | -0.1%-1.6pp | 1.4%-0.4pp | 1.8%-1.6pp | 3.4%+2.6pp | 0.8%-2.6pp | 3.4%+1.6pp | 1.7%+0.2pp | 1.6% |
| Debt-to-Equity | 4.790.0x | 4.75-0.2x | 4.96-0.2x | 5.17+1.8x | 3.41-1.9x | 5.32-0.9x | 6.23+0.1x | 6.08+0.1x | 5.94+1.0x | 4.91+1.8x | 3.08-1.1x | 4.18+0.7x | 3.46-0.4x | 3.87-1.5x | 5.38 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
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Where Two Hbrs Invt Corp Ranks
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.
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.
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.
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 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $454.3M while generating $88.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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.