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TWO

Two Harbors·NYSE
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TWO fundamentals

Two Harbors (TWO) released its earnings on Oct 27, 2025: revenue was -23.50M (YoY +44.42%), missed estimates; EPS was 0.36 (YoY +176.92%), met estimates.
Revenue / YoY
-23.50M
+44.42%
EPS / YoY
0.36
+176.92%
Report date
Oct 27, 2025
TWO Earnings Call Summary for Q3,2025
  • Litigation Settlement: $375M payment resolved with no impact on liquidity; $770M cash post-settlement.
  • Portfolio Restructuring: Sold $30B low-WAC MSR, growing sub-servicing to $40B UPB.
  • Origination Growth: DTC platform funded $49M Q3, pipeline +$52M; recapture rates exceed expectations.
  • Financial Performance: Adjusted EBITDA $101.5M; MSR static return 11%, common equity 9.5%-15.2%.
  • Risk Management: Spread risk reduced 4.2% to 2.3% book value; MSR WAC 3.60%, 3% refinanceable.
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Revenue

Revenue & Expenses

Key Indicators

Two Harbors (TWO) key financial stats and ratios, covering profitability, financial health, and leverage.
Two Harbors (TWO)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.
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Two Harbors (TWO)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.
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Two Harbors (TWO)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.
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Where does Two Harbors (TWO) generate its revenue? Explore its key revenue streams and top earning regions.
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Track Two Harbors (TWO) Dividend Yield, Payout Ratio & Sustainability Through Its Dividend History
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