Revenue: As of FY2026 Q2, the actual value is USD 119.59 M.

EPS: As of FY2026 Q2, the actual value is USD 0.46.

EBIT: As of FY2026 Q2, the actual value is USD 157.75 M.

Financial Performance (Three Months Ended June 30, 2026 vs. March 31, 2026)

• Comprehensive Income attributable to common stockholders: $47.9 million, or $0.45 per weighted average basic common share, compared to - $24,714 thousand for the prior quarter .
• GAAP Net Income attributable to common stockholders: $49,379 thousand, or $0.47 per weighted average basic common share, compared to $19,477 thousand for the prior quarter .
• Earnings Available for Distribution (non-GAAP): $29,600 thousand, or $0.28 per weighted average basic common share, compared to $35,756 thousand for the prior quarter .
• Book Value per Common Share: $10.68 at period end, compared to $10.57 as of March 31, 2026 .
• Quarterly Economic Return on Book Value: 4.3%, compared to - 2.0% for the prior quarter .
• Dividend per Common Share: $0.34, consistent with $0.34 for the prior quarter .
• Annualized Dividend Yield: 11.0%, compared to 11.9% for the prior quarter .

Operational Metrics (Three Months Ended June 30, 2026 vs. March 31, 2026)

• Operating Expenses (excluding non-cash LTIP amortization and merger-related costs): $36,314 thousand, compared to $39,391 thousand for the prior quarter . As a percentage of average equity, these were 8.3%, compared to 8.8% for the prior quarter .
• MSR Additions: $186.5 million in unpaid principal balance (UPB) of MSR added through flow-sale acquisitions and recapture .
• Loans Funded: $84.0 million UPB .
• Second Lien Loans Brokered: $48.8 million UPB .

Portfolio Composition (As of June 30, 2026 vs. March 31, 2026)

• Aggregate Portfolio: $7,482,349 thousand, down from $8,952,317 thousand .
  • Agency RMBS: $5,143,043 thousand (68.8% of aggregate portfolio), down from $6,568,185 thousand (73.4%) .
  • Mortgage Servicing Rights (MSR): $2,336,324 thousand (31.2% of aggregate portfolio), down from $2,380,983 thousand (26.6%) .
  • Other: $2,982 thousand, down from $3,149 thousand .
• Net TBA Position (bond equivalent value): $3,814,318 thousand, up from $2,976,531 thousand .
• Total Portfolio: $11,296,667 thousand, down from $11,928,848 thousand .

MSR Specific Metrics (As of June 30, 2026)

• Weighted Average Gross Coupon Rate: 3.54% .
• 60+ Day Delinquency Rate: 0.79% .
• 3-Month CPR: 6.3% .
• Unpaid Principal Balance (UPB): $155,106,720 thousand, down from $158,871,352 thousand as of March 31, 2026 .
• Fair Value Losses (MSR): - $47,239 thousand for the three months ended June 30, 2026, compared to - $44,009 thousand for the prior quarter .
• Servicing Income: $118,350 thousand for the three months ended June 30, 2026, compared to $119,364 thousand for the prior quarter .
• Servicing Costs: $3,229 thousand for the three months ended June 30, 2026, compared to $1,807 thousand for the prior quarter .

Financing Summary (As of June 30, 2026 vs. March 31, 2026)

• Total Borrowings: $6,618,284 thousand, down from $8,286,052 thousand .
  • Repurchase Agreements: $5,639,830 thousand, down from $7,245,287 thousand .
  • Revolving Credit Facilities: $862,771 thousand, down from $916,871 thousand .
  • Warehouse Lines of Credit: $4,333 thousand, down from $12,694 thousand .
  • Unsecured Senior Notes: $111,350 thousand, up from $111,200 thousand .
• Debt-to-Equity Ratio: 3.8:1.0, down from 4.8:1.0 .
• Economic Debt-to-Equity Ratio: 6.0:1.0, down from 6.4:1.0 .
• Annualized Cost of Financing: 4.59% for the three months ended June 30, 2026, compared to 4.68% for the prior quarter .

Consolidated Statements of Comprehensive Income (Loss) (Three Months Ended June 30, 2026 vs. June 30, 2025)

• Net Interest Expense: - $6,021 thousand, an improvement from - $19,619 thousand in the prior year period .
  • Interest income: $83,536 thousand, down from $117,082 thousand .
  • Interest expense: $89,557 thousand, down from $136,701 thousand .
• Net Servicing Income: $125,859 thousand, down from $155,968 thousand in the prior year period .
  • Servicing income: $129,070 thousand, down from $158,354 thousand .
  • Servicing costs: $3,211 thousand, up from $2,386 thousand .
• Total Other Loss: - $245 thousand, an improvement from - $151,018 thousand in the prior year period .
  • Loss on investment securities: - $2,123 thousand, an improvement from - $32,830 thousand .
  • Loss on servicing asset: - $47,239 thousand, an increase from - $35,902 thousand .
  • Gain on derivative instruments: $46,678 thousand, an improvement from - $84,207 thousand .
• Total Expenses: $51,397 thousand, a decrease from $242,711 thousand in the prior year period, primarily due to a loss contingency accrual of $199,935 thousand in the prior year .
  • Compensation and benefits: $23,309 thousand, up from $21,469 thousand .
  • Other operating expenses: $28,088 thousand, up from $21,307 thousand .
• Net Income attributable to common stockholders: $49,379 thousand, compared to - $272,280 thousand in the prior year period .

Outlook / Guidance

Two Harbors Investment Corp. is progressing towards the closing of its merger with CrossCountry Mortgage, LLC (CCM) . Under the amended agreement, CCM will acquire all outstanding common stock for $12.00 per share and redeem preferred shares at $25.00 per share plus accumulated dividends . The merger, approved by common stockholders on July 2, 2026, is expected to close on August 3, 2026, pending remaining conditions .

Cash Flow

The provided reference does not contain information regarding operating cash flow or free cash flow .