Opendoor Investor Presentation Deck

We adjust spreads to target an annual contribution margin of 5-7% Annual target 5-7% Contribution Margin Note: Illustrative example Holding & selling costs Home price appreciation assumption Within Opendoor's influence Adjacent services & fee based products 5% service fee Outside Opendoor's influence Spread | 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% 29

View entire presentation