Overstock Results Presentation Deck

Quarterly Gross Margin and Contribution Margin* 20.0% 18.0% 16.0% 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% 18.2% 10.5% Q4-14 Q1-15 overstock.com® Q2-15 Q3-15 Gross margin 17.3% 9.8% Q4-15 Q1-16 Contribution margin Q2-16 Q3-16 * Non-GAAP: Contribution margin = Gross profit less Sales & Marketing expense plus Club O Rewards and Gift Card breakage as a percentage of revenue. 18.6% 10.3% Q4-16 8

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