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.
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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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You can ask Aime
What is Two Harbors's latest dividend and current dividend yield?What guidance did Two Harbors's management provide for the next earnings period?What is the revenue and EPS growth rate for Two Harbors year over year?What does Two Harbors do and what are its main business segments?What were the key takeaways from Two Harbors’s earnings call?What is Two Harbors's gross profit margin?What factors drove the changes in Two Harbors's revenue and profit?What is the market's earnings forecast for Two Harbors next quarter?
