Recent Press Releases & News
TWO earnings at a glance
The options market is pricing a move of about ±2.9% after the report, a range of roughly $11.83 to $12.53 from today's $12.18. Over its last 1 reports the stock rose the next day 1 time and fell 0, moving ±2.0% on average; after the most recent report on Apr 28, 2025 it moved +2.0%. That means options currently expect more movement than TWO has typically delivered. TWO beat the consensus EPS estimate in 1 of its last 2 reported quarters. Implied volatility is currently 14%. The share price of $12.18 sits in the middle of its 52-week range.
Overview
Earnings trends
Earnings history
| Date | Period | Actual EPS | Est | Surprise | YoY %Δ | Day react | Source |
|---|---|---|---|---|---|---|---|
| Tue Mar 31, 2026 | Mar 2026 | $0.18 | — | — | — | — | financials |
| Tue Sep 30, 2025 | Sep 2025 | $-1.36 | — | — | — | — | financials |
| Mon Jul 28, 2025 | Jun/2025 | $0.28 | $0.25 | +12.0% | — | — | earnings |
| Mon Apr 28, 2025 | Mar/2025 | $0.24 | $0.35 | -31.4% | — | +2.0% | earnings |
| Mon Sep 30, 2024 | Sep 2024 | $-2.42 | — | — | — | — | financials |
| Sun Jun 30, 2024 | Jun 2024 | $0.43 | — | — | — | — | financials |
| Sun Mar 31, 2024 | Mar 2024 | $1.73 | — | — | — | — | financials |
| Sat Sep 30, 2023 | Sep 2023 | $2.81 | — | — | — | — | financials |
| Fri Jun 30, 2023 | Jun 2023 | $1.80 | — | — | — | — | financials |
| Fri Mar 31, 2023 | Mar 2023 | $-2.05 | — | — | — | — | financials |
| Fri Sep 30, 2022 | Sep 2022 | $2.78 | — | — | — | — | financials |
Financials
Income statement (quarterly)
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — |
| Net income | $32M | — | $-128M | $-259M | $-79M | — | $-238M | $56M |
| EPS (diluted) | $0.18 | — | $-1.36 | $-2.62 | $-0.89 | — | $-2.42 | $0.43 |
Balance sheet (quarterly)
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $476M | $842M | $771M | $658M | $574M | $505M | $523M | $624M |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — |
| Total assets | $10.53B | $10.86B | $10.87B | $12.96B | $13.68B | $12.20B | $12.89B | $12.85B |
| Long-term debt | $8.29B | — | $8.43B | $10.18B | — | — | — | — |
| Total liabilities | $8.80B | $9.07B | $9.09B | $11.07B | $11.54B | $10.08B | $10.72B | $10.65B |
| Total equity | $1.73B | $1.79B | $1.77B | $1.89B | $2.15B | — | $2.17B | $2.20B |
Implied volatility — last 90 days
Sector peers
TWO earnings FAQ
What is TWO's expected move for earnings?
Options currently price a move of about ±2.9%, or $0.35 per share either way from $12.18.
How does TWO stock usually react to earnings?
Across the last 1 reports the average next-day move was ±2.0%, up 1 times and down 0 times.
What is TWO's implied volatility?
TWO's at-the-money implied volatility is about 14% based on the latest options snapshot.