Two Harbors Investment Corp. (TWO) operates as a Real Estate Investment Trust (REIT) with a strategic focus on the U.S. mortgage market. ...
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Est. EPS $0.29 · Revenue $7.65M · 3 analysts
Est. EPS $0.29 · Revenue $8.20M · 3 analysts
Est. EPS $1.20 · Revenue $18.75M · 2 analysts
Est. EPS $0.29 · Revenue $21.40M · 1 analysts
$1.36 per share
$1.36 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $605.6M | -28.4% | -2.8% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-454.3M | -252.4% | +92.8% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +97.9% | -6.4% | +1.3% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +68.7% | -38.9% | -2.6% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -75.0% | -312.8% | +98.4% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-15.1M | -117.3% | +243.5% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -2.5% | -124.2% | +253.5% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 478.6% | +11.8% | -20.7% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.13x | -85.0% | +99.2% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $10.9B | -11.0% | -16.2% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -4.36 vs 1.32 | -431.3% | 0.46 vs 0.28 | +64.1% |
| Revenue Surprise | $605.6M vs $493.8M | +22.6% | $212.6M vs $9.4M | +2149.8% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 25, 2026 | GREENBERG WILLIAM ROSS | director, officer: Chief Executive Officer | Common stock, par value $0.01 per share | A | 667,827 | — |
| Aug 25, 2026 | GREENBERG WILLIAM ROSS | director, officer: Chief Executive Officer | Common stock, par value $0.01 per share | D | 3,025 | $12.00 |
| Aug 25, 2026 | HANSON ALECIA | officer: Chief Administrative Officer | Common stock, par value $0.01 per share | A | 65,204 | — |
| Aug 25, 2026 | HANSON ALECIA | officer: Chief Administrative Officer | Common stock, par value $0.01 per share | D | 143,171 | $12.00 |
| Aug 25, 2026 | Sandberg Rebecca B | officer: Chief Legal Officer | Common stock, par value $0.01 per share | A | 168,271 | — |
Operator: Good morning. My name is Jennifer, and I will be your conference facilitator today. At this time, I would like to welcome everyone to TWO's First Quarter 2026 Earnings Call. [Operator Instructions] I would now like to turn the call over to Ms. Maggie Karr. Margaret Field: Good morning, everyone, and welcome to our call to discuss TWO's first quarter 2026 financial results. With me on the call this morning are Bill Greenberg, our President and Chief Executive Officer; Nick Letica, our Chief Investment Officer; and William Dellal, our Chief Financial Officer. The earnings press release and presentation associated with today's call have been filed with the SEC and are available on the SEC's website as well as the Investor Relations page of our website at twoinv.com. In our earnings release and presentation, we have provided reconciliations of GAAP to non-GAAP financial measures, and we urge you to review this information in conjunction with today's call. As a reminder, our comments today will include forward-looking statements, which are subject to risks and uncertainties that may cause our results to differ materially from expectations. These are described on Page 2 of the presentation and in our Form 10-K and subsequent reports filed with the SEC. Except as may be required by law, TWO does not update forward-looking statements and disclaims any obligation to do so. I will now turn the call over to Bill. William Greenberg: Thank you, Maggie. Good morning, everyone, and welcome to our first quarter earnings call. I would like to begin by addressing the recent developments regarding the merger plans that we initially disclosed last December. As we described in detail in our proxy statement, in March, we received an unsolicited all-cash proposal from CrossCountry Mortgage. After careful consideration and in coordination with our financial and legal advisers, our Board unanimously determined that the CrossCountry proposal was superior and in the best interest of shareholders. And on March 27, 2026, we executed a new merger agreement with CrossCountry, pursuant to which CrossCountry agreed to acquire Two Harbors for $10.80 per share in cash. In connection with entering into this agreement, we terminated the prior merger agreement with UWM. Yesterday, we announced that we signed an amendment to the new merger agreement with CCM. Under the terms of the amended agreement, CCM will increase the per share cash consideration payable to Two Harbors' stockholders to $11.30 per share, an increase from $10.80 per share under the original merger agreement. The amended agreement follows our Board's thorough evaluation of an unsolicited competing proposal received on April 20, 2026, from UWMC. After consulting with our financial and legal advisers, including assessments of the competing proposal's terms, proposed financing, regulatory path, deal certainty, and other factors, the TWO Board determined that the CCM transaction as amended, continues to be in …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
William Ross Greenberg | President & Chief Executive Officer | USD 4,074,431 | Male | 1969 | Active |
Nicholas Letica | Vice President & Chief Investment Officer | USD 2,435,105 | Male | 1963 | Active |
Rebecca Sandberg | Vice President, Chief Legal Officer, Secretary & Chief Compliance Officer | USD 1,468,693 | Female | 1972 | Active |
William Dellal | Vice President & Chief Financial Officer | USD 1,202,550 | Male | 1951 | Active |
Robert Rush | Vice President & Chief Risk Officer | USD 1,097,168 | Male | 1968 | Active |
Alecia Hanson | Vice President & Chief Administrative Officer | — | Female | 1981 | Active |
Jillian Halm | Chief Accounting Officer | — | Female | 1986 | Active |
Chris Hurley | Chief Technology Officer | — | Male | — | Active |
Margaret Field Karr | Head of Investor Relations | — | Female | — | Active |
Sheila Lichty | Vice President & Treasurer | — | Female | — | Active |
California State Teachers Retirement System grew its holdings in Two Harbors Investments Corp (NYSE: TWO) by 47.7% in the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,286 shares of the real estate investment trust's stock after acquiring
NEW YORK--(BUSINESS WIRE)--TWO Responds to Baseless Claims by UWMC.
First Drill Program in Over 15 Years Targets High-Priority Prospects Vancouver, British Columbia--(Newsfile Corp. - July 30, 2026) - T2 Metals Corp. (TSXV: TWO) (OTCQB: TWOSF) (FSE: WJ6) ("T2 Metals" or the "Company") is pleased to announce that drilling has commenced at its Aurora Gold-Silver Project ("Aurora" or the "Project") in the Yukon's Tombstone Gold Belt (see Figure 1), one of North America's most prolific gold regions. This marks both the Company's first drill program in the Yukon, and the first drilling completed at Aurora in over 15 years.
Two Harbors Investments Corp (NYSE: TWO - Get Free Report) has received an average recommendation of "Hold" from the seven brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the
NEW YORK, July 29, 2026 /PRNewswire/ -- Five9, Inc. (NASD: FIVN) will replace Two Harbors Investment Corp. (NYSE: TWO) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, August 3. CrossCountry Mortgage, LLC is acquiring Two Harbors Investment Corp. in a deal expected to close soon, pending final closing conditions.
