Two Harbors Investment Corp.
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | -142.91M | 12.61M | 640.49M | 845.84M | 605.61M | -28.4% | |
| Cost of Revenue | (86.25M) | (94.12M) | (74.13M) | (38.46M) | (12.73M) | -133.1% | |
Gross Profit | -229.16M | -81.51M | 566.36M | 884.29M | 592.88M | -33.0% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | — | — | — | — | — | — | |
| Depreciation & Amortization | — | — | — | — | — | — | |
Operating Income (EBIT) | 280.59M | 582.85M | 559.83M | 951.08M | 415.81M | -56.3% | |
| Non-Operating Items | |||||||
| Interest Income | 168.60M | 295.54M | 480.36M | 450.15M | 412.00M | -8.5% | |
| Interest Expense | (89.17M) | (258.39M) | (643.23M) | (607.81M) | (490.94M) | -19.2% | |
| Other Income/Expenses (Net) | -89.17M | -258.39M | -643.23M | -606.32M | -861.24M | 42.0% | |
Income Before Tax | 191.42M | 324.45M | -83.39M | 344.75M | -445.43M | -229.2% | |
| Income Tax Expense | (4.19M) | (104.21M) | (22.98M) | (46.59M) | (8.87M) | -81.0% | |
Net Income | 187.23M | 220.24M | -106.37M | 298.17M | -454.30M | -252.4% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $2 | $2 | $-2 | $2 | $-4 | -280.9% | |
| Weighted Avg Shares Outstanding | 74.44M | 96.08M | 95.67M | 103.56M | 104.16M | 0.6% | |
| Weighted Avg Shares Outstanding (Diluted) | 74.51M | 96.08M | 95.67M | 113.09M | 104.16M | -7.9% | |
EBITDA | 280.59M | 582.85M | 559.83M | 952.56M | 45.52M | -95.2% |
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