Overstock Results Presentation Deck

Retail OpEx as % of Revenue: -496bps YoY Operating Expense ($M) $140 $120 $100 $80 $60 $40 $20 $- $82 22.2% Q2 '19 overstock. Operating expense Operating expense as % of revenue $78 22.8% Q3 '19 $88 24.1% Q4 '19 $83 Operating Expense % of Revenue (%) 24.4% Q1 '20 $132 17.2% 1 16.3% Q2 '20 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 1 Excluding $7.3M in favorable special items in Q2 2020, Retail operating expense was $132M, or 17.2% of revenue (-496bps YOY); including these items, reported Retail operating expense was $125M, or 16.3% of revenue. Dynamics OpEx¹ + $51M (or +62%) Yo Y vs. net revenue growth of 109% ■ ■ OpEx as % of revenue ¹ declined 496bps YoY 14

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