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Companies / Financials / Two Harbors Investment Corp.
TWOD

Two Harbors Investment Corp.

FinancialsREITsDeregistered 2026-10-08
Ticker TWODST. LOUIS PARK, MNFiscal year ends DecemberBook value per share $16.56Diluted shares 105.4M

Two Harbors Investment Corp. invests in, finances and manages mortgage servicing rights (MSR) and Agency residential mortgage-backed securities (RMBS), and operates RoundPoint Mortgage Servicing, which services residential loans and originates mortgages. Its activities include acquiring MSR, servicing loans for itself… From the company’s description.

In fiscal 2025, Two Harbors Investment Corp. reported a net loss of $454.30M. Operations generated $88.92M in cash.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
—
0.00%FY2025
$-454.30MFY2025
−252.4% year over year
Last 12 mo $-21.68M
-25.41%FY2025
−39.5 percentage points
Last 12 mo -1.24%
Cash & financing
$88.92MFY2025
−55.8% year over year
Last 12 mo $127.22M
$88.92MFY2025
−55.8% year over year
Last 12 mo $127.22M
0.73FY2025
Was 0.60× a year earlier
Last 12 mo 0.56
104.1MFY2025
−7.9% year over year
Last 12 mo 105.4M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Two Harbors Investment Corp. does

In the company’s own words

Two Harbors Investment Corp. invests in, finances and manages mortgage servicing rights (MSR) and Agency residential mortgage-backed securities (RMBS), and operates RoundPoint Mortgage Servicing, which services residential loans and originates mortgages. Its activities include acquiring MSR, servicing loans for itself and third parties, and originating first- and second-lien mortgages, primarily to retain or recapture borrowers in its servicing portfolio. The company manages its portfolio on a consolidated basis, pairing MSR with Agency RMBS and related hedging transactions; it has no reportable operating segments. Agency RMBS are principally securities backed by mortgages guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae. RoundPoint also services loans for third-party MSR owners and mortgage loans held for sale. Founded in 2009, Two Harbors had 486 full-time-equivalent employees as of December 31, 2025. Its website is www.twoinv.com.

Company details
Sector
Financials
Industry (SIC)
REITs
Headquarters
ST. LOUIS PARK, MN
Fiscal year end
December
CIK
1465740
SIC
6798

Financial performance, year by year

Fiscal 2011–2025 · USD
$-1.85B$-1.19B$-525.55M$137.20M$799.96M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Two Harbors Investment Corp. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

155
funds hold it
0 of 35
superinvestors hold it
$441.75M
held by funds, at market

Largest fund holders · Two Harbors Investment Corp.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.07%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.04%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.02%of fund net assets
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.03%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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