Stocks Real estate TWO
NYSE · Real estateTwo Harbors Investment Corp. (TWO)
It posted a net loss of $343M. At March 31, 2026 it held $476.3M in cash against $8.3B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on July 29, 2026.
Key facts about Two Harbors Investment Corp.
- Net worth
- Two Harbors Investment Corp. has a market value (market cap) of $1.3B at the latest share price, and shareholders' equity of $1.7B on its balance sheet at March 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Cash flow
- In fiscal 2025 operations brought in $88.9M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on July 29, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Dividend
- Two Harbors Investment Corp. declared dividends of $1.52 per share in fiscal 2025, a yield of 12.48% at the current price.
What Two Harbors Investment Corp. does
Two Harbors Investment Corp. is registered with the SEC under industry code SIC 6798 (Real Estate Investment Trusts). Its shares trade on NYSE under the ticker TWO.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | n/a | -$454.3M | -$4.88 | n/a |
| 2024 | n/a | $298.2M | $2.37 | n/a |
| 2023 | n/a | -$106.4M | -$1.60 | n/a |
| 2022 | n/a | $220.2M | $2.13 | n/a |
| 2021 | n/a | $187.2M | $1.72 | n/a |
| 2020 | n/a | -$1.6B | -$24.94 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Dividends
Two Harbors Investment Corp. declared $1.52 per share in fiscal 2025. At the current price that is a yield of 12.48%. It paid out $170.9M in cash dividends.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.52 | $170.9M | n/a |
| 2024 | $1.80 | $187.7M | 63% |
| 2023 | $1.95 | $197.6M | n/a |
| 2022 | $2.64 | $235.4M | 107% |
| 2021 | n/a | $193.5M | 103% |
| 2020 | n/a | $199.5M | n/a |
Latest SEC filings
What Two Harbors Investment Corp. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 8, 2026Deregistration 15-12G
- September 28, 2026Delisting notice 25-NSE
- September 24, 2026
- September 10, 2026
- August 25, 2026Form S-8 POS filing S-8 POS
- August 25, 2026Form POSASR filing POSASR
- August 25, 2026Form POSASR filing POSASR
- August 25, 2026
- August 25, 2026Delisting notice 25-NSE
- August 11, 2026Passive stake changed SCHEDULE 13G/A
Insider trades
What the people running Two Harbors Investment Corp. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 24 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 25, 2026 | Abraham SpencerDirector | Other change | 35,039 | $420.5K |
| August 25, 2026 | Bender James JDirector | Other change | 47,166 | $566K |
| August 25, 2026 | Das SanjivDirector | Other change | 20,410 | $244.9K |
| August 25, 2026 | Hammond KarenDirector | Other change | 59,097 | $709.2K |
| August 25, 2026 | Kasnet Stephen GDirector | Other change | 95,993 | $1.2M |
| August 25, 2026 | Stern James ADirector | Other change | 64,843 | $778.1K |
| August 25, 2026 | Woodhouse Hope BDirector | Other change | 56,444 | $677.3K |
| August 25, 2026 | Halm JillianChief Accounting Officer | Other change | 18,833 | $226K |
Who owns TWO
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Glazer Capital, LLC13G, passive with 1 related filers | 7.49% | August 11, 2026 |
| Vanguard Portfolio Management13G, passive | 5.88% | April 29, 2026 |
| Vanguard Capital Management13G, passive | 5.16% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 231 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 17,057,600 | +490,960 |
| Vanguard Portfolio Management LLC | 6,186,102 | +66,208 |
| Vanguard Capital Management LLC | 4,656,908 | +5,628 |
| Sand Grove Capital Management LLP | 4,494,970 | +1,400,183 |
| State Street Corp | 4,168,926 | +234,397 |
| AQR Arbitrage LLC | 3,094,518 | +1,073,434 |
| Geode Capital Management, LLC | 2,733,957 | +254,828 |
| Bank of America Corp | 2,014,242 | +1,344,090 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 1,894,045 | +52,669 |
| Goldman Sachs Group Inc | 1,792,765 | +295,312 |
| Squarepoint Ops LLC | 1,748,877 | +1,322,962 |
| Millennium Management LLC | 1,564,654 | -560,683 |
| Invesco Ltd. | 1,512,163 | -443,657 |
| Alliancebernstein L.P. | 1,576,808 | -532,691 |
| Northern Trust Corp | 1,287,282 | +64,491 |
| Charles Schwab Investment Management Inc | 1,263,989 | -114,616 |
| Melqart Asset Management (UK) Ltd | 1,201,262 | +824,292 |
| Qube Research & Technologies Ltd | 1,146,434 | new |
| Governors Lane LP | 1,072,123 | +742,623 |
| Victory Capital Management Inc | 1,040,487 | +176,584 |
Insiders
Questions about TWO
What does Two Harbors Investment Corp. do?
Two Harbors Investment Corp. is a company in the Real estate sector, listed on NYSE as TWO. Its shares trade on NYSE under the ticker TWO.
What is Two Harbors Investment Corp.'s net worth?
Two Harbors Investment Corp. has a market value (market cap) of $1.3B at the latest share price, and shareholders' equity of $1.7B on its balance sheet at March 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Two Harbors Investment Corp. profitable?
No. Over the twelve months to March 31, 2026 it reported a net loss of $343M.
When did Two Harbors Investment Corp. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on July 29, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the deregistration from October 8, 2026.
Does Two Harbors Investment Corp. pay a dividend?
Yes. Two Harbors Investment Corp. declared dividends of $1.52 per share in fiscal 2025, a yield of 12.48% at the current price.
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Where the numbers come from
Financial figures are the values Two Harbors Investment Corp. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.