Opendoor Investor Presentation Deck

We're well positioned to deliver margin improvements in 2024 and beyond We're building a new book of inventory with healthy margins Performing in-line or better than our target margins 6,920 YTD new book homes sold 13.2% YTD Adj. Gross Margin 9.4% YTD Contribution Margin Note: Year-to-date (YTD) metrics through 9/30/23 The old book of homes is nearly behind us Reducing longer-dated inventory <150 Old book homes not in resale contract as of 9/30/23 (8.7)% YTD Adj. Gross Margin (13.7)% YTD Contribution Margin We've reduced our cost structure for near-term volumes Creating a path for profitability at scale Adjusted Operating Expenses ($M) $204 $189 2Q22 $144 Path to positive ANI $100 ▬▬▬▬▬ 3Q22 4Q22 1Q23 2Q23 $78 $92 3Q23 27

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