TWO HARBORS INVESTMENT CORP.TWOEarnings & Financial Report
Clean Harbors, Inc., headquartered in Norwell, Massachusetts, is a provider of waste management and industrial services for commercial customers, specializing in the collection, transportation, treatment and disposal of hazardous waste, but also offering services for non-hazardous waste. The company has 870 operating locations in 630 properties in the U.S. and Canada including a network of over 100 waste disposal facilities such as incinerators, landfills, treatment, storage and disposal faci...
TWO Q4 2025 Key Financial Metrics
Revenue
$-15.5M
Gross Profit
N/A
Operating Profit
$17.3M
Net Profit
$11.7M
Gross Margin
N/A
Operating Margin
-111.6%
Net Margin
-75.6%
YoY Growth
55.6%
EPS
$-0.01
TWO HARBORS INVESTMENT CORP. Q4 2025 Financial Summary
TWO HARBORS INVESTMENT CORP. reported revenue of $-15.5M for Q4 2025, with a net profit of $11.7M (-75.6% margin). Cost of goods sold was N/A, operating expenses totaled N/A.
Key Financial Metrics
| Total Revenue | $-15.5M |
|---|---|
| Net Profit | $11.7M |
| Gross Margin | N/A |
| Operating Margin | -111.6% |
| Report Period | Q4 2025 |
TWO HARBORS INVESTMENT CORP. Annual Revenue by Year
TWO HARBORS INVESTMENT CORP. annual revenue history includes year-by-year totals (for example, 2025 revenue was $-78.9M).
| Year | Annual Revenue |
|---|---|
| 2025 | $-78.9M |
| 2024 | $-157.7M |
| 2023 | $-162.9M |
| 2022 | $37.1M |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $-42.2M | $-38.3M | $-42.3M | $-34.9M | $-20.3M | $-19.6M | $-23.5M | $-15.5M |
| YoY Growth | -63.0% | 8.5% | 14.5% | 23.6% | 51.8% | 48.7% | 44.4% | 55.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $13.16B | $12.85B | $12.89B | $12.20B | $13.68B | $12.96B | $10.87B | $10.86B |
| Liabilities | $10.92B | $10.65B | $10.72B | $10.08B | $11.54B | $11.07B | $9.09B | $9.07B |
| Equity | $2.24B | $2.20B | $2.17B | $2.12B | $2.15B | $1.89B | $1.77B | $1.79B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-8.7M | $143.7M | $87.1M | $-21.1M | $111.9M | $99.1M | $-239.2M | $117.1M |
