TWO
Two Harbors·NYSE
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TWO fundamentals
Two Harbors (TWO) released its earnings on Feb 2, 2026: revenue was -15.49M (YoY +55.61%), missed estimates; EPS was 0.26 (YoY +30.00%), missed estimates.
Revenue / YoY
-15.49M
+55.61%
EPS / YoY
0.26
+30.00%
Report date
Feb 2, 2026
TWO Earnings Call Summary for Q4,2025
- Strategic Merger: $400 billion MSR portfolio with UWM, combining origination scale with TWO's capital markets expertise.
- DTC Growth: Record $94 million in funding (90% QoQ), punching above weight despite small scale.
- Financial Health: Book value up to $11.13/share, stable RMBS funding at SOFR +23bps, and $800M cash.
- Cautious Portfolio Approach: No immediate securities sales, but open to future strategic decisions.
- Key Risks: Potential LLPA fee reductions, spread tightening limiting RMBS upside, and macro volatility.
- Policy Tailwind: Administration support for MBS spreads may limit risk-off spread widening.
- Expected Benefits: Merger to drive accelerated growth, with DTC platform as key growth engine.
EPS
Actual | 1 | -0.2 | 1.12 | 1.2 | 0.68 | 0.76 | 0.96 | 0.88 | 0.72 | 0.88 | 0.64 | 0.26 | 0.09 | -0.04 | -0.01 | -0.11 | 0.05 | 0.17 | 0.13 | 0.2 | 0.24 | 0.28 | 0.36 | 0.26 | |||||||||||
Forecast | 1 | 0.5208 | 0.894 | 0.9202 | 0.9296 | 0.7666 | 0.7714 | 0.8441 | 0.7978 | 0.729 | 0.7885 | 0.532 | 0.7766 | 0.5609 | 0.4775 | 0.454 | 0.415 | 0.4375 | 0.4782 | 0.4018 | 0.402 | 0.347 | 0.3623 | 0.3706 | |||||||||||
Surprise | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -138.40% | +25.28% | +30.41% | -26.85% | -0.86% | +24.45% | +4.25% | -9.75% | +20.71% | -18.83% | -51.13% | -88.41% | -107.13% | -102.09% | -124.23% | -87.95% | -61.14% | -72.81% | -50.22% | -40.30% | -19.31% | -0.63% | -29.84% |
Revenue
Actual | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 88.20M | 45.21M | 60.53M | 49.86M | 33.38M | 19.04M | 14.16M | 12.85M | 22.53M | 19.90M | 11.04M | -16.32M | -25.90M | -41.80M | -49.49M | -45.68M | -42.22M | -38.25M | -42.29M | -34.89M | -20.33M | -18.12M | -23.50M | -15.49M |
Forecast | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 44.60M | 46.08M | 64.57M | 62.88M | 54.93M | 37.25M | 30.53M | 38.82M | 33.54M | 33.53M | 37.99M | 10.91M | 500.64K | -3.54M | -14.18M | -19.16M | -24.06M | -15.44M | -25.59M | -10.01M | -14.07M | -20.99M | -27.01M | -9.15M |
Surprise | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | +97.76% | -1.87% | -6.25% | -20.70% | -39.22% | -48.90% | -53.62% | -66.90% | -32.84% | -40.65% | -70.94% | -249.69% | -5272.80% | -1081.51% | -248.97% | -138.47% | -75.45% | -147.72% | -65.28% | -248.56% | -44.50% | +13.67% | +12.97% | -69.28% |
Earnings Call
You can ask Aime
What does Two Harbors do and what are its main business segments?What is Two Harbors's latest dividend and current dividend yield?Did Two Harbors beat or miss consensus estimates last quarter?What is Two Harbors's gross profit margin?What were the key takeaways from Two Harbors’s earnings call?What guidance did Two Harbors's management provide for the next earnings period?What factors drove the changes in Two Harbors's revenue and profit?What is the revenue and EPS growth rate for Two Harbors year over year?
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