Overstock Results Presentation Deck
G&A and Tech Expense
G&A and Tech Expense
($M)
$80
$70
$60
$50
$40
$30
$20
$10
$-
15.9%
$58
Q1 '19
overstock.
+
14.1%
$52
14.1%
$48
14.4%
$52
15.8% 1
15.1%
$54
$57
7.5%2
6.5%
G&A and Tech Exp % of Revenue
(%)
Q2 '20
$59
8.2%
$54
Q3 '20
8.1%
$53
Q4 '20
8.1%
18%
Q1 '21
16%
14%
12%
10%
8%
6%
Q3 '19
Q4 '19
Q2 '19
Q1 '20
Note: All figures represent results from continuing operations.
1 In Q1'20 we recorded $2.5M in special items that benefited G&A expense. Reported G&A expense in Q1'20 was $51.2M, or 15.1% of revenue.
2 In Q2'20 we recorded $7.3M in special items that benefited G&A expense. Reported G&A expense in Q2'20 was $49.9M, or 6.5% of revenue.
4%
2%
-0%
Q1 Dynamics
■
■
G&A and tech expense
generating operating leverage
-1% vs. Q1'201
-8% vs. Q1'19
G&A and tech expense % of
revenue of 8.1%
-771bps vs. Q1'20¹
-783bps vs. Q1'19
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