TWO HARBORS INVESTMENT CORP.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | — | $-445.4M | $952.6M | $559.8M | $582.8M | $280.6M | $-1.38B | $1.02B |
| Operating Margin | — | — | — | — | — | — | — | — |
| Interest Expense | — | — | $607.8M | $643.2M | $258.4M | $89.2M | $281.2M | $714.3M |
| Pretax Income | — | $-445.4M | $344.8M | $-83.4M | $324.5M | $191.4M | $-1.67B | $310.4M |
| Income Tax Expense | — | $8.9M | $46.6M | $23.0M | $104.2M | $4.2M | $-35.7M | $-13.6M |
| Net Income | — | $-454.3M | $298.2M | $-106.4M | $220.2M | $187.2M | $-1.63B | $324.0M |
| Net Margin | — | — | — | — | — | — | — | — |
| EPS (Basic) | — | $-4.88 | $2.41 | $-1.60 | $2.15 | $1.72 | $-24.94 | $0.93 |
| EPS (Diluted) | — | $-4.88 | $2.37 | $-1.60 | $2.13 | $1.72 | $-24.94 | $0.93 |
| Shares Outstanding (Basic) | 105.0M | 104.1M | 103.6M | 95.7M | 86.2M | 74.4M | 68.4M | 267.8M |
| Shares Outstanding (Diluted) | 105.0M | 104.1M | 113.1M | 95.7M | 96.1M | 74.5M | 68.4M | 267.8M |
| Dividends Per Share | — | $1.52 | $1.80 | $1.95 | $2.64 | — | — | — |