Overstock Results Presentation Deck

Retail OpEx as % of Revenue Operating Expense ($M) $140 $120 $100 $80 $60 $40 $20 $- H $85 23.5% Q1 '19 overstock. $82 22.2% Q2 '19 $78 22.8% Q3 '19 $88 24.1% Q4 '19 $83 24.4% Q1 '20 $1321 17.2% 1 16.3% Operating Expense % of Revenue (%) Q2 '20 $125 17.5% Q3 '20 $124 18.5% Q4 '20 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% H 0% Q4 Dynamics ■ OpEx +41% YoY vs. net revenue growth of 84% ■ OpEx % of revenue of 18.5% -563bps YoY 2020 Dynamics OpEx of $457M OpEx % of revenue of 18.3% -483bps YoY In Q2 2020 we recorded $7.3M in special items that benefitted Retail operating expense. Reported Retail operating expense in Q2 2020 was $125M, or 16.3% of revenue. 13

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