TWO HARBORS INVESTMENT CORP. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that TWO HARBORS INVESTMENT CORP. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($454.30M) | Feb 17, 2026 |
| FY2025 | Dec 31, 2024 | $298.17M | Feb 17, 2026 |
| FY2025 | Dec 31, 2023 | ($106.37M) | Feb 17, 2026 |
| FY2024 | Dec 31, 2022 | $220.24M | Feb 18, 2025 |
| FY2023 | Dec 31, 2021 | $187.23M | Feb 20, 2024 |
| FY2022 | Dec 31, 2020 | ($1.63B) | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $323.96M | Mar 1, 2022 |
| FY2020 | Dec 31, 2018 | ($44.29M) | Feb 25, 2021 |
| FY2019 | Dec 31, 2017 | $348.57M | Feb 26, 2020 |
| FY2018 | Dec 31, 2016 | $353.28M | Apr 4, 2019 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $88.92M | Feb 17, 2026 |
| FY2025 | Dec 31, 2024 | $201.00M | Feb 17, 2026 |
| FY2025 | Dec 31, 2023 | $343.51M | Feb 17, 2026 |
| FY2024 | Dec 31, 2022 | $623.40M | Feb 18, 2025 |
| FY2023 | Dec 31, 2021 | $423.51M | Feb 20, 2024 |
| FY2022 | Dec 31, 2020 | $631.60M | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $1.06B | Mar 1, 2022 |
| FY2020 | Dec 31, 2018 | $702.87M | Feb 25, 2021 |
| FY2019 | Dec 31, 2017 | $606.78M | Feb 26, 2020 |
| FY2018 | Dec 31, 2016 | $239.68M | Apr 4, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $10.86B | Feb 17, 2026 |
| FY2025 | Dec 31, 2024 | $12.20B | Feb 17, 2026 |
| FY2024 | Dec 31, 2023 | $13.14B | Feb 18, 2025 |
| FY2023 | Dec 31, 2022 | $13.47B | Feb 20, 2024 |
| FY2022 | Dec 31, 2021 | $12.11B | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $19.52B | Mar 1, 2022 |
| FY2020 | Dec 31, 2019 | $35.92B | Feb 25, 2021 |
| FY2019 | Dec 31, 2018 | $30.13B | Feb 26, 2020 |
| FY2018 | Dec 31, 2017 | $24.79B | Apr 4, 2019 |
| FY2017 | Dec 31, 2016 | $20.11B | Feb 27, 2018 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $9.07B | Feb 17, 2026 |
| FY2025 | Dec 31, 2024 | $10.08B | Feb 17, 2026 |
| FY2024 | Dec 31, 2023 | $10.94B | Feb 18, 2025 |
| FY2023 | Dec 31, 2022 | $11.28B | Feb 20, 2024 |
| FY2022 | Dec 31, 2021 | $9.37B | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $16.43B | Mar 1, 2022 |
| FY2020 | Dec 31, 2019 | $30.95B | Feb 25, 2021 |
| FY2019 | Dec 31, 2018 | $25.88B | Feb 26, 2020 |
| FY2018 | Dec 31, 2017 | $21.22B | Apr 4, 2019 |
| FY2017 | Dec 31, 2016 | $16.71B | Feb 27, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2020 | Dec 31, 2020 | $3.09B | Feb 25, 2021 |
| FY2020 | Dec 31, 2019 | $4.97B | Feb 25, 2021 |
| FY2019 | Dec 31, 2018 | $4.25B | Feb 26, 2020 |
| FY2019 | Dec 31, 2017 | $3.57B | Feb 26, 2020 |
| FY2019 | Dec 31, 2016 | $3.40B | Feb 26, 2020 |
| FY2016 | Dec 31, 2015 | $3.58B | Feb 28, 2017 |
| FY2016 | Dec 31, 2014 | $4.07B | Feb 28, 2017 |
| FY2016 | Dec 31, 2013 | $3.85B | Feb 28, 2017 |
| FY2015 | Dec 31, 2012 | $3.45B | Feb 26, 2016 |
| FY2014 | Dec 31, 2011 | $1.27B | Feb 27, 2015 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2023 | $27.45M | Feb 17, 2026 |
| FY2025 | Sep 30, 2023 | $27.65M | Feb 17, 2026 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $842.32M | Feb 17, 2026 |
| FY2025 | Dec 31, 2024 | $504.61M | Feb 17, 2026 |
| FY2024 | Dec 31, 2023 | $729.73M | Feb 18, 2025 |
| FY2023 | Dec 31, 2022 | $683.48M | Feb 20, 2024 |
| FY2022 | Dec 31, 2021 | $1.15B | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $1.38B | Mar 1, 2022 |
| FY2020 | Dec 31, 2019 | $558.14M | Feb 25, 2021 |
| FY2019 | Dec 31, 2018 | $409.76M | Feb 26, 2020 |
| FY2018 | Dec 31, 2017 | $419.16M | Apr 4, 2019 |
| FY2017 | Dec 31, 2016 | $350.86M | Feb 27, 2018 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $8.56B | Feb 17, 2026 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | (4) | Feb 17, 2026 |
| FY2025 | Dec 31, 2024 | 2 | Feb 17, 2026 |
| FY2025 | Dec 31, 2023 | (1) | Feb 17, 2026 |
| FY2024 | Dec 31, 2022 | 2 | Feb 18, 2025 |
| FY2023 | Dec 31, 2021 | 1 | Feb 20, 2024 |
| FY2020 | Dec 31, 2020 | 0 | Feb 25, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Feb 25, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Feb 25, 2021 |
| FY2020 | Mar 31, 2020 | (6) | Feb 25, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Feb 25, 2021 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | (4) | Feb 17, 2026 |
| FY2025 | Dec 31, 2024 | 2 | Feb 17, 2026 |
| FY2025 | Dec 31, 2023 | (1) | Feb 17, 2026 |
| FY2024 | Dec 31, 2022 | 2 | Feb 18, 2025 |
| FY2023 | Dec 31, 2021 | 1 | Feb 20, 2024 |
| FY2020 | Dec 31, 2020 | 0 | Feb 25, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Feb 25, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Feb 25, 2021 |
| FY2020 | Mar 31, 2020 | (6) | Feb 25, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Feb 25, 2021 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 104.81M | Feb 17, 2026 |
| FY2025 | Dec 31, 2024 | 103.68M | Feb 17, 2026 |
| FY2024 | Dec 31, 2023 | 103.21M | Feb 18, 2025 |
| FY2023 | Dec 31, 2022 | 86.43M | Feb 20, 2024 |
| FY2022 | Dec 31, 2021 | 85.98M | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | 273.70M | Mar 1, 2022 |
| FY2020 | Dec 31, 2019 | 272.94M | Feb 25, 2021 |
| FY2019 | Dec 31, 2018 | 248.09M | Feb 26, 2020 |
| FY2019 | Dec 31, 2017 | 174.50M | Feb 26, 2020 |
| FY2019 | Dec 31, 2016 | 173.83M | Feb 26, 2020 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $170.86M | Feb 17, 2026 |
| FY2025 | Dec 31, 2024 | $187.68M | Feb 17, 2026 |
| FY2025 | Dec 31, 2023 | $197.64M | Feb 17, 2026 |
| FY2024 | Dec 31, 2022 | $235.37M | Feb 18, 2025 |
| FY2023 | Dec 31, 2021 | $193.49M | Feb 20, 2024 |
| FY2022 | Dec 31, 2020 | $199.49M | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $463.15M | Mar 1, 2022 |
| FY2020 | Dec 31, 2018 | $270.63M | Feb 25, 2021 |
| FY2019 | Dec 31, 2017 | $422.89M | Feb 26, 2020 |
| FY2018 | Dec 31, 2016 | $331.87M | Apr 4, 2019 |