Overstock Results Presentation Deck

GAAP Operating Margin 4.0% 2.0% 0.0% -2.0% -4.0% -6.0% -8.0% -10.0% -12.0% 2009 Ooverstock.com 2010 2011 2012 Overstock Wayfair 2013 Amazon 2014 2015 2016 Operating Income (Loss) divided by Revenue Source: OSTK, Wayfair, and Amazon 10-Ks Overstock figures are Retail only (excluding Medici) Amazon figures exclude AWS (results without AWS not available prior to 2013) 3

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