TWO HARBORS INVESTMENT CORP. (TWO)
CIK 1465740 · all EDGAR filings →
Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.
Shares outstanding over time
Latest: 105.0M shares as of Apr 23, 2026 (10-Q). Share count fell from 344.4M to 86.4M between Aug 2, 2022 and Nov 7, 2022, a pattern consistent with a reverse split (roughly 1-for-4); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.
Cash runway
Self-funding
generates cash
Full breakdown: cash runway tool · source filing →
Warrants
Warrants outstanding: 4.1M underlying shares, as reported Sep 30, 2013 (10-Q).
Reported exercise price: $10.25 (aggregate figure as tagged; individual tranches vary).
Rough fully diluted estimate: 109.1M = 105.0M O/S + 4.1M warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.
Convertible notes
Convertible debt on the balance sheet: $261.8M as of Dec 31, 2025, tagged only as a company-wide total.
This filer tagged totals without per-note dimensions in its 10-Q filed Jul 29, 2026 →, so per-note terms (maturities, individual conversion prices) live in the exhibit prose and are not parsed here.
Fully diluted build-up
Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.
| Shares outstanding | 105.0M | Apr 23, 2026 |
| + Warrants (aggregate, as tagged) (if exercised) | 4.1M | Sep 30, 2013 |
| Fully diluted estimate | 109.1M | +3.9% vs O/S |
Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.
Registrations and offerings
Registered offering capacity on live registrations: $7.4Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted
Last 12 months: 1 executed · 1 registered.
Full history and shelf status: offering checker · S-3 shelf checker
Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.
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