7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2019-12-31 2018-12-31 2017-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 
      
    		                                   
      net interest expense:
    		                                   
      interest income
    		93,615,000 117,082,000 111,382,000 103,774,000 112,642,000 115,953,000 117,783,000                             
      interest expense
    		117,120,000 136,701,000 131,714,000 138,668,000 154,931,000 154,207,000 160,000,000                    24,369,000 20,743,000 15,527,000 11,467,000 9,129,000 7,218,000 3,863,000 2,499,000  
      net interest expense
    		-23,505,000 -19,619,000 -20,332,000 -30,690,000 -42,289,000 -38,254,000                              
      net servicing income:
    		                                   
      servicing income
    		166,448,000 158,354,000 156,859,000 167,568,000 171,732,000 176,015,000 166,333,000 178,609,000 178,625,000 175,223,000 153,320,000 160,926,000 148,833,000 157,526,000 136,626,000 125,511,000 122,960,000 112,816,000 107,119,000 100,549,000 99,114,000 112,891,000   51,308,000           
      servicing costs
    		3,762,000 2,386,000 3,197,000 4,575,000 3,900,000 4,475,000 7,119,000                             
      net servicing income
    		162,686,000 155,968,000 153,662,000 162,993,000 167,832,000 171,540,000 159,214,000                             
      other income:
    		                                   
      gain on investment securities
    		-16,187,000   -8,007,250 1,383,000 -22,437,000 -10,975,000 -82,469,000 -471,000 2,172,000 10,798,000 -347,450,000 -6,426,000 -197,719,000 -52,342,000 1,626,000 28,642,000 -41,519,000 132,868,000 37,363,000 -9,107,000 53,492,000   31,249,000 26,968,000 108,219,000 2,527,000 1,789,000 9,931,000 361,000 31,432,000 3,189,000 1,539,000  
      loss on servicing asset
    		-104,896,000 -35,902,000                  2,522,000 -112,763,000 -238,791,000   -46,630,000           
      gain on interest rate swap and swaption agreements
    		4,302,000 -52,950,000 -98,788,000 199,612,000 -172,263,000 22,012,000 98,510,000 21,572,000 111,909,000 56,533,000  7,374,750 34,806,000 32,734,000  1,275,500 -3,947,000 24,648,000        18,972,000    -16,193,000    1,939,000  
      gain on other derivative instruments
    		64,596,000 -31,257,000 1,448,000 -55,144,000 -32,722,000 -750,000 47,599,000 -143,812,000 86,212,000 47,161,000  53,301,000 159,044,000 -101,273,000  -11,565,000 -15,019,000 51,312,000  81,289,000 65,596,000 76,606,000     -27,853,000 3,454,000 -7,617,000 -8,890,000 -10,719,000 22,361,000 9,766,000 5,347,000  
      gain on mortgage loans held-for-sale
    		1,596,000 883,000 669,000 558,000 927,000                     14,323,000          
      other income
    		4,114,000 1,038,000 761,000 850,000 123,000 226,000 -3,000  2,903,000 2,200,000    -73,000  1,856,000  41,000 -5,742,000 474,000 84,000 66,000   2,793,000  205,500 731,000 131,000       
      total other loss
    		-46,475,000                     -42,658,000   -57,197,000    -66,711,000       
      expenses:
    		                                   
      compensation and benefits
    		21,307,000 21,469,000 26,589,000 21,800,000 20,180,000 21,244,000 26,529,000 21,297,000 8,617,000 8,868,000 14,083,000 7,411,000 10,100,000 11,019,000 12,193,000 6,396,000 9,198,000 11,259,000 8,188,000                 
      other operating expenses
    		23,051,000 21,307,000 20,505,000 19,085,000 18,405,000 17,699,000 21,052,000 23,959,000 15,984,000 11,886,000 10,484,000 15,540,000 10,688,000 9,152,000 6,625,000 6,648,000 7,406,000 7,218,000 7,487,000 -19,266,000 18,976,000 13,838,000   19,371,000 6,561,000 3,350,000 6,546,000 4,181,000 3,601,000 3,246,000 2,850,000 2,155,000 1,512,000  
      litigation settlement expense
    		175,065,000                                   
      total expenses
    		219,423,000 242,711,000 47,094,000 40,885,000 38,585,000 38,943,000 47,581,000 -38,203,000 54,504,000 45,944,000 52,933,000 48,223,000 41,940,000 43,162,000 43,522,000 34,626,000 37,645,000 37,157,000 40,622,000 42,380,000 -88,856,000 194,283,000   42,746,000 13,350,000 12,432,000 16,279,000 11,791,000 10,344,000 8,424,000 7,635,000 4,883,000 3,062,000  
      income before income taxes
    		-126,717,000 -257,380,000 -78,624,000 307,601,000 -248,943,000 70,537,000 215,559,000 -462,459,000 342,557,000 217,225,000 -180,716,000 -261,743,000 298,635,000 -46,508,000 334,068,000 810,000 66,649,000 -138,874,000 262,834,000 214,987,000 193,712,000 -191,728,000   17,415,000  17,647,500 18,968,000 7,399,000 44,223,000      
      benefit from income taxes
    		1,204,000 1,661,000 431,000   14,201,000 11,971,000 -29,259,000 36,365,000 19,780,000  8,480,000 21,023,000 25,912,000 48,798,000 2,104,000 325,000  22,677,000 -9,876,000 -8,202,000    8,757,000 4,964,000   -16,605,000  6,170,000 -9,388,000 5,081,000 -757,000  
      net income
    		-127,921,000 -259,041,000 -79,055,000 276,729,000 -238,485,000 56,336,000 203,588,000 -433,200,000 306,192,000 197,445,000 -176,808,000 -270,223,000 277,612,000 -72,420,000 285,270,000 -1,294,000 66,324,000 -117,960,000 240,157,000 211,171,000 201,914,000 -173,564,000   8,658,000 470 -102,604,790 26,802,000 24,004,000 51,800,000      
      yoy
    		-46.36% -559.81% -138.83% -163.88% -177.89% -71.47% -215.15% 60.31% 10.29% -372.64% -161.98% 20782.77% 318.57% -38.61% 18.78% -100.61% -67.15% -32.04%   2232.11% -36928610.64%   -63.93% -100.00%          
      qoq
    		-50.62% 227.67% -128.57% -216.04% -523.33% -72.33% -147.00% -241.48% 55.08% -211.67% -34.57% -197.34% -483.34% -125.39% -22145.60% -101.95% -156.23% -149.12% 13.73% 4.58% -216.33%    1842027.66% -100.00% -482.83% 11.66% -53.66%       
      net income margin %
    		                                   
      dividends on preferred stock
    		-13,324,000 -13,239,000 -13,186,000 -11,784,000 -11,784,000 -11,784,000 -11,784,000 -12,012,000 -12,115,000 -12,115,000 -12,365,000 -94,849,000 13,747,000 13,748,000 13,747,000 13,747,000 13,748,000 13,747,000 17,216,000 18,951,000 18,950,000 18,951,000   4,285,000           
      gain on repurchase and retirement of preferred stock
    		      644,000 519,000  2,454,000                          
      net income attributable to common stockholders
    		-141,245,000 -272,280,000 -92,241,000 264,945,000 -250,269,000 44,552,000 192,448,000 -444,693,000 294,077,000 187,784,000 -189,173,000 -262,439,000 263,865,000 -86,168,000 271,523,000 -15,041,000 52,576,000 -131,707,000 222,941,000 192,220,000 182,964,000 -192,515,000   4,333,000 143,716,000 189,300,000 26,802,000 24,004,000 51,800,000 51,430,000 54,609,000 -984,000 22,377,000  
      basic loss per weighted-average common share
    		-1,360                     -700              
      diluted loss per weighted-average common share
    		-1,360                     -700              
      comprehensive income:
    		                                   
      other comprehensive income:
    		                                   
      unrealized gain on available-for-sale securities
    		61,038,000 50,473,000 157,172,000 -266,565,000 269,621,000  -103,078,000    125,931,000              81,628,000 104,252,000 189,778,000 497,598,000 117,604,000 143,910,000      
      other comprehensive income
    		61,038,000 50,473,000 157,172,000 -266,565,000 269,621,000  -103,078,000    125,931,000              81,628,000 104,252,000 189,778,000 497,598,000 117,604,000 143,910,000      
      comprehensive income
    		-66,883,000 -208,568,000 78,117,000 10,164,000 31,136,000 12,263,000 100,510,000                  90,286,000 247,968,000 215,429,500 524,400,000 141,608,000 195,710,000      
      comprehensive income attributable to common stockholders
    		-80,207,000 -221,807,000 64,931,000 -1,620,000 19,352,000 479,000 89,370,000                  85,959,000           
      loss on investment securities
    		 -32,830,000 -32,729,000                                 
      total other income
    		 -151,018,000 -164,860,000 220,387,000 -335,901,000 -23,806,000 146,143,000 162,407,250 446,547,000 304,968,000 -101,886,000 -197,196,000 329,537,000 -23,248,000 355,061,000 22,589,000 90,136,000 -120,753,000 270,073,000 207,508,000 44,325,000     49,890,000 75,718,000 -69,760,000  -15,192,000 -8,947,000 14,482,000 -37,853,000 8,825,000  
      loss contingency accrual
    		 199,935,000                                  
      basic earnings per weighted-average common share
    		 -2,620 -890 2,410 -2,420 430 1,850 -1,600 3,040 1,940 -2,050 2,150 3,040 -250 790 430 170 -480 810 -6,240 670       100        
      diluted earnings per weighted-average common share
    		 -2,620 -890 2,370 -2,420 430 1,730 -1,600 2,810 1,800 -2,050 2,130 2,780 -250 720 430 170 -480 740 -6,240 640       100        
      net interest income:
    		                                   
      gain on servicing asset
    		  -36,221,000 82,520,000 -133,349,000 -22,857,000 11,012,000 -172,589,000 67,369,000 21,679,000 -28,079,000 -64,085,000 -6,720,000 85,557,000 410,624,000 4,221,750 -42,500,000 -268,051,000 327,438,000                 
      (benefit from) benefit from income taxes
    		   3,928,500 -10,458,000      -3,908,000       -20,914,000    -18,164,000     -8,004,000 -7,834,000  -7,577,000      
      weighted-average number of shares of common stock:
    		                                   
      basic
    		     103,555,755,000 103,401,940,000 95,672,143,000 96,176,287,000 96,387,877,000 92,575,840,000 86,179,418,000 86,252,104,000 344,277,723,000 343,998,511,000 297,772,001,000 307,773,420,000 273,718,561,000 273,710,765,000 273,600,947,000 273,705,785,000 273,604,079,000    305,284,922,000 242,014,751,000 270,005,212,000        
      diluted
    		     103,910,812,000 112,973,317,000 95,672,143,000 105,628,130,000 106,062,378,000 92,575,840,000 96,076,175,000 96,132,100,000 344,277,723,000 384,822,202,000 298,043,538,000 346,730,073,000 273,718,561,000 311,465,060,000 273,600,947,000 291,876,935,000 273,604,079,000    306,963,711,000 242,432,156,000 270,937,960,000        
      other comprehensive loss:
    		                                   
      unrealized loss on available-for-sale securities
    		     -44,073,000                              
      other comprehensive loss
    		     -44,073,000                              
      net interest income
    		      -42,217,000 -45,679,000 -49,486,000 -41,799,000 -25,897,000 -16,324,000 11,038,000 19,902,000 22,529,000 12,847,000 14,158,000 19,036,000 33,383,000 49,859,000 60,531,000 45,213,000   117,787,000 110,999,000 112,963,000 105,566,000 90,377,000 74,034,000 64,068,000 60,521,000 36,965,000 17,371,000  
      interest income:
    		                                   
      available-for-sale securities
    		       77,265,000 107,827,000 104,195,000 97,038,000 83,712,000 88,472,000 55,399,000 44,647,000 32,729,000 35,837,000 43,092,000 55,652,000 72,071,000 89,200,000 105,730,000   150,166,000 130,292,000 135,466,000 124,621,000 104,319,000 84,214,000 71,713,000 65,919,000 39,959,000 19,535,000  
      other
    		       12,225,750 15,781,000 13,567,000 19,555,000 15,591,000 5,916,000 1,604,000 199,000 276,000 203,000 351,000 457,000 429,000 516,000 1,597,000              
      total interest income
    		       89,490,750 123,608,000 117,762,000 116,593,000 99,303,000 94,388,000 57,003,000 44,846,000 33,005,000 36,040,000 43,443,000 56,109,000 72,500,000 89,716,000 107,327,000   208,561,000 134,835,000 137,332,000 126,309,000 105,904,000 85,501,000 73,197,000 67,739,000 40,828,000 19,870,000  
      interest expense:
    		                                   
      repurchase agreements
    		       87,649,750 129,298,000 116,946,000 104,355,000 81,975,000 57,868,000 19,269,000 8,343,000 4,562,000 5,761,000 6,981,000 8,470,000 11,001,000 18,652,000 50,811,000   49,299,000 23,018,000          
      revolving credit facilities
    		       21,966,500 32,526,000 29,684,000 25,656,000 21,854,000 15,178,000 9,106,000 5,676,000 5,050,000 5,605,000 7,075,000 4,695,000 3,513,000 2,391,000 2,826,000   597,000           
      term notes payable
    		       5,629,000 6,634,000 8,239,000 7,643,000 6,906,000 5,427,000 3,925,000 3,256,000 3,251,000 3,249,000 3,225,000 3,211,000 3,296,000 3,321,000 3,553,000              
      convertible senior notes
    		       3,541,000 4,636,000 4,692,000 4,836,000 4,892,000 4,877,000 4,801,000 5,042,000 7,295,000 7,267,000 7,126,000 6,350,000 4,831,000 4,821,000 4,769,000   4,591,000           
      total interest expense
    		       118,786,250 173,094,000 159,561,000 142,490,000 115,627,000 83,350,000 37,101,000 22,317,000 20,158,000 21,882,000 24,407,000 22,726,000 22,641,000 29,185,000 62,114,000   90,774,000 23,836,000          
      servicing expenses
    		       20,864,750 29,903,000 25,190,000 28,366,000 25,272,000 21,152,000 22,991,000 24,704,000 21,582,000 21,041,000 18,680,000 24,947,000 24,217,000 26,197,000 23,947,000   11,603,000           
      dividends declared per common share
    		       375 450 450  510 680 170 170 127.5 170 170 170 82.5 140 190   260 320 550 360 400 400 400 400 400 400  
      loss on interest rate swap and swaption agreements
    		          -82,154,000    -38,041,000    -15,599,000      -76,710,000  -6,096,000 -76,472,000 -61,014,000  -22,045,000 -39,311,000 -50,808,000   
      loss on other derivative instruments
    		          -155,771,000    -101,762,000    -276,011,000      -19,540,000 -16,662,000          
      other loss
    		           -29,250   -44,000               -40,000      
      comprehensive loss:
    		                                   
      comprehensive loss
    		          -50,877,000                         
      comprehensive loss attributable to common stockholders
    		          -63,242,000                         
      federal home loan bank advances
    		                     155,000   11,444,000           
      management fees
    		                    5,759,000 11,429,000   11,772,000 4,761,000 9,082,000 9,733,000 7,610,000 6,743,000 5,178,000 4,785,000 2,728,000 1,550,000  
      restructuring charges
    		                   -294,000 -139,788,000 145,069,000              
      other-than-temporary impairments:
    		                                   
      total other-than-temporary impairment losses
    		                        -429,000 -236,000     -916,250 -3,371,000 -294,000   
      gain on interest rate swap, cap and swaption agreements
    		                   -14,689,000 1,401,000               
      loss on interest rate swap, cap and swaption agreements
    		                     -46,922,000              
      commercial real estate assets
    		                        25,840,000           
      residential mortgage loans held-for-investment in securitization trusts
    		                        30,826,000           
      residential mortgage loans held-for-sale
    		                        503,000           
      cash and cash equivalents
    		                        1,226,000 307,000 324,000 243,000 209,000 168,000 106,000 114,000 64,000 63,000  
      collateralized borrowings in securitization trusts
    		                        24,843,000           
      gain on residential mortgage loans held-for-sale
    		                        333,000           
      securitization deal costs
    		                         2,028,000          
      net income attributable to noncontrolling interest
    		                        40,000           
      net income attributable to two harbors investment corp.
    		                        8,618,000           
      basic and diluted earnings per weighted-average common share
    		                        10    110 280 1,290 420 -10 490  
      basic and diluted weighted-average number of shares of common stock outstanding
    		                        348,946,335,000           
      other comprehensive income, net of tax:
    		                                   
      comprehensive income attributable to noncontrolling interest
    		                        42,000           
      comprehensive income attributable to two harbors investment corp.
    		                        90,244,000           
      trading securities
    		                         1,264,000 1,295,000 1,278,000 1,250,000 1,050,000 1,376,000 1,706,000 805,000 272,000  
      mortgage loans held-for-sale
    		                         1,318,000 247,000 167,000 126,000 69,000      
      mortgage loans held-for-investment in securitization trust
    		                         1,654,000          
      collateralized borrowings in securitization trust
    		                         818,000          
      non-credit portion of loss recognized in other comprehensive income
    		                                   
      net other-than-temporary credit impairment losses
    		                         -236,000 -1,642,000 -559,000 -4,476,000 -4,275,000 -1,437,000 -3,371,000 -294,000   
      gain on mortgage loans held-for-investment and collateralized borrowings in securitization trust
    		                         6,289,000          
      income from continuing operations before income taxes
    		                         147,303,000          
      net income from continuing operations
    		                         142,339,000          
      income from discontinued operations
    		                         1,377,000          
      basic earnings per weighted-average common share:
    		                                   
      continuing operations
    		                         470          
      discontinued operations
    		                                   
      diluted earnings per weighted-average common share:
    		                                   
      total other-than temporary impairment losses
    		                          -1,642,000 -559,000 -4,476,000 -4,275,000      
      basic and diluted weighted-average number of shares of common stock
    		                            214,810,579,000 186,855,589,000 98,826,868,000 130,607,566,000 77,101,606,000 45,612,376,000  
      net income before income taxes
    		                              20,266,500 63,997,000 -6,065,000 23,134,000  
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.