Overstock Results Presentation Deck

Retail OpEx as % of Revenue: -530bps YoY Operating Expense ($M) $140 $120 $100 $80 $60 $40 $20 $- ㅏ $78 22.8% Q3 '19 overstock. $88 24.1% Q4 '19 $83 24.4% Q1 '20 Operating Expense % of Revenue (%) $1321 17.2% 1 16.3% Q2 '20 $125 17.5% Q3 '20 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% H 0% 1 In Q2 2020 we recorded $7.3M in special items that benefited Retail operating expense. Reported Retail operating expense in Q2 2020 was $125M, or 16.3% of revenue. Dynamics. ■ ■ OpEx +62% YoY vs. net revenue growth of 111% OpEx as % of revenue declined 530bps YoY 15

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