Opendoor Investor Presentation Deck

We have a track record of leveraging our operating expenses over time Adjusted Operating Expenses as a % of Revenue 10.0% 7.5% 5.0% 2.5% 0.0% 10.7% 2018 6.5% 2019 8.1% ‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒ 2020 5.8% 2021 ‒‒‒‒‒ 4.5% 2022 4.4% ‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒ 3Q23 YTD 1 Path to positive ANI Annualized Revenue Contribution Margin Net Interest Expense $10B Adj. Operating 4-5% Expenses Adj. Net Income breakeven 5-7% 2-3% 31

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