---
title: "Two Harbors Investment Corp. | 10-Q: FY2025 Q3 Revenue: USD 213.59 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/263097309.md"
datetime: "2025-10-28T13:05:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/263097309.md)
  - [en](https://longbridge.com/en/news/263097309.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/263097309.md)
generator: "portal-rs"
---

# Two Harbors Investment Corp. | 10-Q: FY2025 Q3 Revenue: USD 213.59 M

Revenue: As of FY2025 Q3, the actual value is USD 213.59 M.

EPS: As of FY2025 Q3, the actual value is USD -1.36.

EBIT: As of FY2025 Q3, the actual value is USD -103.21 M.

### Segment Revenue

-   **Net Interest Expense**: For the nine months ended September 30, 2025, interest income was $322,079,000, and interest expense was $385,535,000, resulting in a net interest expense of -$63,456,000.
-   **Net Servicing Income**: For the nine months ended September 30, 2025, servicing income was $481,661,000, and servicing costs were $9,345,000, resulting in net servicing income of $472,316,000.

### Operational Metrics

-   **Net Loss**: The company reported a net loss of -$466,017,000 for the nine months ended September 30, 2025, compared to a net income of $21,439,000 for the same period in 2024.
-   **Total Expenses**: Total expenses for the nine months ended September 30, 2025, were $509,228,000, compared to $125,109,000 for the same period in 2024.

### Cash Flow

-   **Net Cash Used in Operating Activities**: For the nine months ended September 30, 2025, net cash used in operating activities was -$28,213,000, compared to net cash provided by operating activities of $222,063,000 for the same period in 2024.
-   **Net Cash Provided by Investing Activities**: For the nine months ended September 30, 2025, net cash provided by investing activities was $928,844,000, compared to net cash used in investing activities of -$328,687,000 for the same period in 2024.
-   **Net Cash Used in Financing Activities**: For the nine months ended September 30, 2025, net cash used in financing activities was -$831,351,000, compared to -$76,503,000 for the same period in 2024.

### Unique Metrics

-   **Mortgage Servicing Rights (MSR)**: The fair value of MSR at the end of the period was $2,626,706,000, down from $2,994,271,000 at the beginning of the period.

### Future Outlook and Strategy

-   **Core Business Focus**: The company aims to leverage its core competencies in managing interest rate and prepayment risk to invest in its portfolio of MSR and Agency RMBS, with the objective of delivering more stable performance across changing market environments.
-   **Non-Core Business**: The company acquired RoundPoint Mortgage Servicing LLC to bring the servicing of its MSR portfolio in-house, aiming for cost savings and greater control over its MSR portfolio.

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- [TWOD.US](https://longbridge.com/en/quote/TWOD.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**