What is TWO HARBORS INV 9.375 SR's earnings per share (EPS)?

TWO HARBORS INV 9.375 SR (TWOD) 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 HARBORS INV 9.375 SR (TWOD) Financials

TWOD

Trailing 12 months to June 30, 2026

Revenue $355.7M -20.0% YoY

Net Income -$21.7M n/m YoY

EPS (Diluted) -$0.73 n/m YoY

Operating Cash Flow $127.2M -54.1% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 29, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TWOD SEC filings page.

TWO HARBORS INV 9.375 SR (TWOD) reported $355.7M in revenue over the twelve months to Jun 30, 2026, down 20.0% from the prior twelve months. 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).

Rhea AI TWOD FY2025 2026-10-22

Two Harbors operates as a leveraged investment portfolio, with a shrinking balance sheet and earnings that swing far more than operating cash.

FY2025 combined a net loss of $454M with positive reported operating cash flow of $88.9M, suggesting earnings were heavily shaped by non-cash investment effects rather than cash activity. That disconnect contrasts with FY2024, when net income was $298M and operating cash flow was $201M, pointing to unusually volatile reported results.

The balance sheet is shrinking without proportionate deleveraging: total assets fell from $12.2B in FY2024 to $10.9B in FY2025. Leverage remained elevated at 4.8x debt to equity, while liabilities represented 83.5% of assets.

Cash distributions exceeded reported operating cash generation in FY2025: dividends paid were $170.9M against $88.9M of operating cash flow. Unlike FY2024, when operating cash flow exceeded dividends, the latest payout was not supported by that year's reported operating cash generation.

Financial Health Signals

Financial health score not available

TWO HARBORS INV 9.375 SR 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.

Piotroski F-Score Partial

3/6

TWO HARBORS INV 9.375 SR 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), the one computable operating efficiency signal (asset turnover improving) passes.

Earnings Quality Mixed

N/A

TWO HARBORS INV 9.375 SR 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

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Earnings & Revenue

Revenue

$83.5M

YoY-28.7%

QoQ-5.8%

5Y CAGR+14.0%

10Y CAGR-5.1%

TWO HARBORS INV 9.375 SR generated $83.5M in revenue in Q2 2026. This represents a decrease of 28.7% from the same quarter a year earlier. Against the prior quarter it is down 5.8%.

Net Income

$62.2M

YoYn/m

QoQ+92.8%

5Y CAGRn/m

10Y CAGRn/m

TWO HARBORS INV 9.375 SR reported $62.2M in net income in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is up 92.8%.

EPS (Diluted)

$0.46

YoYn/m

QoQ+155.6%

TWO HARBORS INV 9.375 SR earned $0.46 per diluted share (EPS) in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is up 155.6%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$642.7M

YoY-2.3%

QoQ+34.9%

5Y CAGR-12.9%

10Y CAGR-0.7%

TWO HARBORS INV 9.375 SR held $642.7M in cash against $6.6B in long-term debt as of Q2 2026.

Dividends Per Share

$0.34

YoY-12.8%

QoQ0.0%

TWO HARBORS INV 9.375 SR paid $0.34 per share in dividends in Q2 2026. This represents a decrease of 12.8% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

105M

YoY+1.0%

QoQ+0.1%

TWO HARBORS INV 9.375 SR had 105M shares outstanding in Q2 2026. This represents an increase of 1.0% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Net Margin

74.5%

QoQ+38.1pp

10Y change+86.5pp

TWO HARBORS INV 9.375 SR's net profit margin was 74.5% in Q2 2026, showing the share of revenue converted to profit. Against the prior quarter it is up 38.1 percentage points. No change is given against Q2 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Return on Equity

3.6%

YoY+17.3pp

QoQ+1.7pp

5Y change+8.3pp

10Y change+4.1pp

TWO HARBORS INV 9.375 SR's quarterly ROE was 3.6% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 17.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.7 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

TWOD Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TWOD quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$355.7M	$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	N/A	$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	$407.2M	$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	$16.8M	$8.9M-81.0%	$46.6M+102.7%	$23.0M-78.0%	$104.2M+2386.0%	$4.2Mn/m	-$35.7Mn/m	-$13.6M-132.4%	$41.8Mn/m	-$10.5M-185.1%	$12.3Mn/m	-$16.6Mn/m	-$73.7M-187.4%	$84.4Mn/m	-$42.2Mn/m	-$1.1M
Net Income	-$21.7M	-$454.3M-252.4%	$298.2Mn/m	-$106.4M-148.3%	$220.2M+17.6%	$187.2Mn/m	-$1.6B-603.2%	$324.0Mn/m	-$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 (Basic)	N/A	-$4.88-302.5%	$2.41	-$1.60	$2.15	$1.72	-$24.94	$0.93	-$0.53	$1.85	$2.03-24.8%	$2.70	$0.46-72.1%	$1.65+36.4%	$1.21	$1.29
EPS (Diluted)	-$0.73	-$4.88-305.9%	$2.37	-$1.60	$2.13	$1.72	-$24.94	$0.93	-$0.53	$1.81	$2.03-24.8%	$2.70	$0.46-72.1%	$1.65+37.5%	$1.20	$1.29
Diluted Shares (Avg)	N/A	104M-7.9%	113M	96M	96M	75M	68M	268M	206M	188M	174M-4.7%	183M	366M+4.3%	351M+44.8%	242M	99M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$83.5M-28.7%	$88.7M-20.4%	$89.9M-13.4%	$93.6M-16.9%	$117.1M+1.0%	$111.4M-5.4%	$103.8M-15.2%	$112.6M-8.9%
SG&A Expenses	N/A	$26.7M+0.4%	$26.0M+19.1%	$21.3M+5.6%	$21.5M+1.1%	$26.6M+0.2%	$21.8M+2.4%	$20.2M+134.2%
Interest Expense	$89.6M-34.5%	$95.2M-27.8%	$105.4M-24.0%	$117.1M-24.4%	$136.7M-11.4%	$131.7M-17.7%	$138.7M-17.5%	$154.9M-10.5%
Income Tax	$6.0M+258.3%	$4.1M+843.9%	$5.6M-81.9%	$1.2Mn/m	$1.7M-88.3%	$431K-96.4%	$30.9Mn/m	-$10.5M-128.8%
Net Income	$62.2Mn/m	$32.3Mn/m	$11.7M-95.8%	-$127.9Mn/m	-$259.0M-559.8%	-$79.1M-138.8%	$276.7Mn/m	-$238.5M-177.9%
EPS (Basic)	$0.47n/m	$0.18	-$0.01-100.4%	-$1.36n/m	-$2.62-709.3%	-$0.89-148.1%	$2.55n/m	-$2.42-179.6%
EPS (Diluted)	$0.46n/m	$0.18	-$0.01-100.4%	-$1.36n/m	-$2.62-709.3%	-$0.89-151.4%	$2.51n/m	-$2.42-186.1%
Diluted Shares (Avg)	105M+1.3%	105M	N/A	104M+0.5%	104M+0.2%	104M-8.0%	N/A	104M-1.9%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

TWOD Balance Sheet

TWOD quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
Short-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0
Long-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0
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

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$8.8B-31.9%	$10.5B-23.0%	$10.9B-11.0%	$10.9B-15.7%	$13.0B+0.9%	$13.7B+4.0%	$12.2B-7.1%	$12.9B-7.4%
Cash & Equivalents	$642.7M-2.3%	$476.3M-17.0%	$842.3M+66.9%	$770.5M+47.4%	$657.8M+5.4%	$573.9M-13.9%	$504.6M-30.8%	$522.6M-18.9%
Short-Term Investments	N/A	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m
Long-Term Investments	N/A	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m
Total Liabilities	$7.1B-36.0%	$8.8B-23.7%	$9.1B-10.0%	$9.1B-15.1%	$11.1B+3.9%	$11.5B+5.6%	$10.1B-7.8%	$10.7B-9.2%
Long-Term Debt	$6.6B-35.0%	$8.3B	$8.6B	$8.4B	$10.2B	N/A	N/A	N/A
Total Equity	$1.7B-7.5%	$1.7B-19.3%	$1.8B-15.8%	$1.8B-18.3%	$1.9B-14.1%	$2.1B-4.2%	$2.1B-3.7%	$2.2B+2.5%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Retained Earnings.

TWOD Cash Flow Statement

TWOD quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$127.2M	$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%	$239.7Mn/m	-$1.9Bn/m	-$667.3Mn/m	-$456.0M-381.2%	$162.2M+6.9%	$151.6M
Depreciation & Amortization	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$969K-24.5%	$1.3M-5.8%	$1.4M-15.7%	$1.6M-3.5%	$1.7M+689.6%	$212K+443.6%	$39K
Stock-Based Compensation	N/A	$13.4M+22.0%	$10.9M-0.3%	$11.0M-5.6%	$11.6M+1.3%	$11.5M+18.0%	$9.7M+6.2%	$9.2M-29.5%	$13.0M+14.7%	$11.3M-25.4%	$15.2M+68.8%	$9.0M-40.3%	$15.1M+2851.5%	$511K+4.7%	$488K+74.9%	$279K
Investing Cash Flow	$3.7B	$911.6M+1.8%	$895.3Mn/m	-$195.8Mn/m	-$2.8B-143.6%	$6.3B-57.6%	$14.9Bn/m	-$6.1B-226.9%	$4.8Bn/m	-$9.5Bn/m	-$5.7B-171.7%	$7.9Bn/m	-$2.8B-643.7%	$514.1Mn/m	-$6.9Bn/m	-$6.3B
Financing Cash Flow	-$3.8B	-$756.2Mn/m	-$1.1Bn/m	-$479.4M-141.1%	$1.2Bn/m	-$7.3Bn/m	-$14.5B-361.8%	$5.5Bn/m	-$5.5B-159.8%	$9.1B+73.8%	$5.2Bn/m	-$6.3B-283.5%	$3.4B+2253.3%	$146.3M-98.0%	$7.2B+13.0%	$6.4B
Dividends Paid	$148.7M	$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	$0n/m	$0-100.0%	$7.1Mn/m	$0n/m	$0-100.0%	$1.1M+5500.0%	$19Kn/m	$0n/m	$0-100.0%	$61.3M-46.8%	$115.2Mn/m	$0-100.0%	$23.9Mn/m	$0n/m	$0

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$192.7M+94.5%	$56.6M-49.4%	$117.1Mn/m	-$239.2M-374.7%	$99.1M-31.0%	$111.9Mn/m	-$21.1M-119.2%	$87.1M-28.8%
Stock-Based Compensation	$1.4M-26.3%	$4.4M-32.2%	N/A	$1.5M-6.3%	$1.9M+18.8%	$6.5M+7.2%	N/A	$1.6M0.0%
Investing Cash Flow	$1.6B+96.4%	-$38.1Mn/m	-$17.2M-101.4%	$2.1Bn/m	$829.2M+202.7%	-$2.0Bn/m	$1.2B+57.4%	-$254.9M-548.5%
Financing Cash Flow	-$1.7Bn/m	-$320.2M-117.8%	$75.1Mn/m	-$1.8Bn/m	-$827.8Mn/m	$1.8B+498.7%	-$997.0Mn/m	-$7.3Mn/m
Dividends Paid	$36.1M-23.5%	$35.9M-23.6%	$35.7M-23.9%	$41.0M-12.8%	$47.2M+0.7%	$47.0M+0.2%	$46.9M+7.8%	$46.9M+7.8%
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	$0n/m	$0n/m

Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow.

TWOD Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TWOD quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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	4.79	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
Liabilities-to-Equity	5.07+0.3x	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
Asset Turnover	0.040.0x	0.040.0x	0.040.0x	0.020.0x	0.010.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.040.0x	0.030.0x	0.030.0x	0.030.0x	0.02

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	74.5%	36.4%+107.4pp	13.0%	-136.7%	-221.3%	-71.0%	266.7%	-211.7%
Return on Equity	3.6%+17.3pp	1.9%+5.5pp	0.7%-12.4pp	-7.2%+3.8pp	-13.7%-16.3pp	-3.7%-12.8pp	13.0%+32.7pp	-11.0%-25.4pp
Return on Assets	0.7%+2.7pp	0.3%+0.9pp	0.1%-2.2pp	-1.2%+0.7pp	-2.0%-2.4pp	-0.6%-2.1pp	2.3%+5.6pp	-1.8%-4.0pp
Debt-to-Equity	3.79-1.6x	4.79	4.79	4.76	5.40	N/A	N/A	N/A
Liabilities-to-Equity	4.06-1.8x	5.08-0.3x	5.07+0.3x	5.13+0.2x	5.87+1.0x	5.37+0.5x	4.75-0.2x	4.94-0.6x
Asset Turnover	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x

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.

Where TWO HARBORS INV 9.375 SR Ranks

Frequently Asked Questions

What is TWO HARBORS INV 9.375 SR's annual revenue?

TWO HARBORS INV 9.375 SR (TWOD) 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 HARBORS INV 9.375 SR's revenue growing?

TWO HARBORS INV 9.375 SR (TWOD) revenue declined by 8.5% year-over-year, from $450.2M to $412.0M in fiscal year 2025.

Is TWO HARBORS INV 9.375 SR profitable?

No, TWO HARBORS INV 9.375 SR (TWOD) reported a net loss of $21.7M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $454.3M.

How much debt does TWO HARBORS INV 9.375 SR have?

As of fiscal year 2025, TWO HARBORS INV 9.375 SR (TWOD) had $842.3M in cash and equivalents against $8.6B in long-term debt.

Does TWO HARBORS INV 9.375 SR pay dividends?

Yes, TWO HARBORS INV 9.375 SR (TWOD) paid $1.52 per share in dividends during fiscal year 2025.

What is TWO HARBORS INV 9.375 SR's return on equity (ROE)?

TWO HARBORS INV 9.375 SR (TWOD) 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 HARBORS INV 9.375 SR's operating cash flow?

TWO HARBORS INV 9.375 SR (TWOD) generated $88.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are TWO HARBORS INV 9.375 SR's total assets?

TWO HARBORS INV 9.375 SR (TWOD) had $10.9B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does TWO HARBORS INV 9.375 SR have outstanding?

TWO HARBORS INV 9.375 SR (TWOD) had 105M shares outstanding as of fiscal year 2025.

What is TWO HARBORS INV 9.375 SR's debt-to-equity ratio?

TWO HARBORS INV 9.375 SR (TWOD) had a debt-to-equity ratio of 4.79 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.

What is TWO HARBORS INV 9.375 SR's liabilities-to-equity ratio?

TWO HARBORS INV 9.375 SR (TWOD) had a liabilities-to-equity ratio of 5.07 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.

What is TWO HARBORS INV 9.375 SR's return on assets (ROA)?

TWO HARBORS INV 9.375 SR (TWOD) 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 HARBORS INV 9.375 SR's Piotroski F-Score?

TWO HARBORS INV 9.375 SR (TWOD) 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 HARBORS INV 9.375 SR's earnings high quality?

TWO HARBORS INV 9.375 SR (TWOD) 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.