Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States. Its target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, and hybrid adjustable-rate mortgage (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions. The company qualifies as a REIT for federal income tax purposes. As a REIT, the company must distribute at least 90% of annual taxable income to its stockholders. Two Harbors Investment Corp. was incorporated in 2009 and is headquartered in Minnetonka, Minnesota.
Revenue of Two Harbors Investment Corp. (TWO)
Revenue in 2023 (TTM): $-556,750,000
According to Two Harbors Investment Corp.'s latest financial reports the company's current revenue (TTM) is $-556,750,000. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Two Harbors Investment Corp.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $-556,750,000 | $-671,928,000 | $-129,027,000 | $-83,393,000 | $-152,005,000 |
| 2022 | $407.18 M | $324.45 M | $629.18 M | $324.45 M | $220.24 M |
| 2021 | $255.22 M | $191.42 M | $191.42 M | $191.42 M | $187.23 M |
| 2020 | $-1,562,030,000 | $-1,628,379,000 | $-1,665,823,000 | $-1,665,823,000 | $-1,630,135,000 |
| 2019 | $427.56 M | $370.5 M | $310.4 M | $310.4 M | $323.96 M |
| 2018 | $185.73 M | $94.32 M | $517.2 M | $-2,467,000 | $-44,290,000 |
| 2017 | $392.39 M | $338.23 M | $689.25 M | $297.76 M | $348.57 M |
| 2016 | $484.64 M | $421.16 M | $588.76 M | $365.58 M | $353.28 M |
| 2015 | $599.15 M | $534.99 M | $619.27 M | $475.72 M | $492.21 M |
| 2014 | $184.53 M | $128.3 M | $202.47 M | $93.4 M | $167.14 M |
| 2013 | $727.95 M | $720.04 M | $765.53 M | $659.45 M | $579.04 M |
| 2012 | $296.04 M | $278.37 M | $323.53 M | $245.2 M | $291.91 M |
| 2011 | $178.93 M | $173.82 M | $126.33 M | $126.33 M | $127.43 M |
| 2010 | $35.7 M | $31.12 M | $35.07 M | $35.07 M | $35.76 M |
| 2009 | $3.44 M | $3.11 M | $-8,402,832 | $-9,062,000 | $-8,744,000 |
| 2008 | $4.44 M | $4.44 M | $3.38 M | $3.38 M | $2.29 M |
| 2007 | $ | $ | $1.33 M | $1.33 M | $714.57 K |