Operating Expenses

Total Operating Expenses

Two Harbors Investment Corporation Total Operating Expenses decreased by 3.5% to $49.45M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 5.0%, from $47.09M to $49.45M. Over 2 years (FY 2023 to FY 2025), Total Operating Expenses shows an upward trend with a 120.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026Apr 29, 2026

How to read this metric

An increase faster than revenue growth suggests declining operating margins, while slower growth indicates effective cost control.

Detailed definition

Total operating expenses represent the sum of all costs incurred to operate the business, excluding the cost of goods so...

Peer comparison

Used to calculate operating margin; peers in the healthcare sector monitor this closely to manage profitability against R&D requirements.

Metric ID: total_operating_expenses

Historical Data

18 periods
 Q2 '21Q3 '21Q1 '22Q2 '22Q3 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$37.16M$37.65M$43.52M$43.16M$41.94M$24.57M$20.75M$24.60M$45.26M$47.58M$38.94M$38.59M$40.89M$47.09M$242.71M$219.42M$51.26M$49.45M
QoQ Change+1.3%+15.6%-0.8%-2.8%-41.4%-15.5%+18.5%+84.0%+5.1%-18.2%-0.9%+6.0%+15.2%+415.4%-9.6%-76.6%-3.5%
YoY Change+16.2%+11.4%-43.6%-51.9%-41.3%+93.7%+87.6%+56.8%-9.7%-1.0%+523.2%+468.7%+25.4%+5.0%
Range$20.75M$242.71M
CAGR+7.0%
Avg YoY Growth+81.5%
Median YoY Growth+13.8%
Current Streak3 quarters decline

Frequently Asked Questions

What is Two Harbors Investment Corporation's total operating expenses?
Two Harbors Investment Corporation (TWO) reported total operating expenses of $49.45M in Q1 2026.
How has Two Harbors Investment Corporation's total operating expenses changed year-over-year?
Two Harbors Investment Corporation's total operating expenses increased by 5.0% year-over-year, from $47.09M to $49.45M.
What is the long-term trend for Two Harbors Investment Corporation's total operating expenses?
Over 2 years (2023 to 2025), Two Harbors Investment Corporation's total operating expenses has grown at a 120.6% compound annual growth rate (CAGR), from $115.18M to $560.49M.
What does total operating expenses mean?
The total cost of running the business, including all non-production expenses.