---
schema_version: "secwatch.filing_event.v1"
accession: "0001465740-25-000150"
form_type: "8-K"
ticker: "TWO"
cik: "0001465740"
company_name: "TWO HARBORS INVESTMENT CORP."
filed_at: "2025-10-27T23:59:59+00:00"
generated_at: "2026-05-17T02:09:55.995803+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Two Harbors Q3 comprehensive loss $80.2M; includes $175.1M litigation settlement; book value $11.04

## Summary
- Comprehensive loss of $80.2M ($0.77 per share); GAAP net loss $141.2M ($1.36 per share).
- Recorded $175.1M litigation settlement expense with former external manager; excluding it, comprehensive income was $94.9M.
- Book value per share $11.04 (down 9.1% sequentially); declared $0.34 dividend, 13.8% annualized yield.
- Adjusted economic return of 7.6% excluding litigation; reported economic return (6.3)%, year-to-date (15.6)%.
- Settled $698M UPB of MSR through flow sales; boarded new subservicing client via $30B UPB transfer.

## SEC filing metadata
- accession: 0001465740-25-000150
- form_type: 8-K
- ticker: TWO
- cik: 0001465740
- company_name: TWO HARBORS INVESTMENT CORP.
- filed_at: 2025-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1465740/000146574025000150/0001465740-25-000150-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1465740/000146574025000150/two-20251027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001465740-25-000150
- JSON: https://secwatch.observer/filing/0001465740-25-000150.json
- Plain text: https://secwatch.observer/filing/0001465740-25-000150.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.