TWO HARBORS INVESTMENT CORP. (TWO) FY2025 10-K Annual Report
TWO HARBORS INVESTMENT CORP. (TWO) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 17, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
TWO HARBORS INVESTMENT CORP. FY2025 10-K Analysis
Business Overview
- • Core business model: Investment and management of mortgage servicing rights (MSR) and Agency residential mortgage-backed securities (RMBS) as an internally-managed REIT
- • New emphasis on in-house direct-to-consumer originations platform launched Q2 2024 for MSR portfolio retention and growth
Management Discussion & Analysis
- • Revenues and profitability figures not explicitly disclosed in provided MD&A text
- • Agency RMBS portfolio valued at $9.0 billion, representing 83.2% of total assets at fair value
Risk Factors
- • Regulatory risk: Potential loss of 1940 Act exemptions under Section 3(c)(5)(C) impacting ability to invest at least 55% in qualifying assets, risking termination of key financing agreements
- • Macroeconomic exposure: Dependence on GSEs Fannie Mae and Freddie Mac, risking asset values and supply of Agency RMBS if GSEs' structure or government support changes
TWO HARBORS INVESTMENT CORP. FY2025 Key Financial MetricsXBRL
Revenue
$412M
▼ -8.5% YoY
Net Income
-$454M
▼ -252.4% YoY
Net Margin
-110.3%
▼ -17650bp YoY
ROE
-25.4%
▼ -3946bp YoY
Total Assets
$10.9B
▼ -11.0% YoY
EPS (Diluted)
$-4.88
▼ -305.9% YoY
Operating Cash Flow
$89M
▼ -55.8% YoY
Source: XBRL data from TWO HARBORS INVESTMENT CORP. FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on TWO HARBORS INVESTMENT CORP.
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.