diff --git a/packages/react-native/Libraries/Animated/__tests__/Animated-itest.js b/packages/react-native/Libraries/Animated/__tests__/Animated-itest.js
index 2a19a6a2d02..d712e9908ab 100644
--- a/packages/react-native/Libraries/Animated/__tests__/Animated-itest.js
+++ b/packages/react-native/Libraries/Animated/__tests__/Animated-itest.js
@@ -355,3 +355,91 @@ describe('Value.flattenOffset', () => {
     Fantom.runWorkLoop();
   });
 });
+
+describe('Value.extractOffset', () => {
+  it('sets the offset value to the base value and resets the base value to zero', () => {
+    const scrollViewRef = createRef<HostInstance>();
+    const viewRef = createRef<HostInstance>();
+    let _onScroll;
+
+    function PressableWithNativeDriver() {
+      _onScroll = useAnimatedValue(0);
+
+      return (
+        <View style={{flex: 1}}>
+          <Animated.View
+            ref={viewRef}
+            style={{
+              position: 'absolute',
+              width: 10,
+              height: 10,
+              transform: [{translateY: _onScroll}],
+            }}
+          />
+          <Animated.ScrollView
+            ref={scrollViewRef}
+            onScroll={Animated.event(
+              [
+                {
+                  nativeEvent: {
+                    contentOffset: {
+                      y: _onScroll,
+                    },
+                  },
+                },
+              ],
+              {useNativeDriver: true},
+            )}>
+            <View style={{height: 1000, width: 100}} />
+          </Animated.ScrollView>
+        </View>
+      );
+    }
+
+    const root = Fantom.createRoot();
+    Fantom.runTask(() => {
+      root.render(<PressableWithNativeDriver />);
+    });
+
+    const scrollViewelement = ensureInstance(
+      scrollViewRef.current,
+      ReactNativeElement,
+    );
+    const viewElement = ensureInstance(viewRef.current, ReactNativeElement);
+
+    Fantom.scrollTo(scrollViewelement, {
+      x: 0,
+      y: 10,
+    });
+
+    Fantom.runTask(() => {
+      _onScroll.setOffset(15);
+      // Sets offset to be 15 + 10 = 25 (this is not observable from JS).
+      _onScroll.extractOffset();
+    });
+
+    let transform =
+      // $FlowFixMe[incompatible-use]
+      Fantom.unstable_getDirectManipulationProps(viewElement).transform[0];
+
+    // Animated value is now 0 but offset is 25. The final value is 25.
+    expect(transform.translateY).toBeCloseTo(25, 0.001);
+
+    Fantom.runTask(() => {
+      // Sets offset 35, overriding the previous `setOffset`.
+      // Due to `extractOffset`, base value was restarted to 0.
+      _onScroll.setOffset(35);
+    });
+
+    transform =
+      // $FlowFixMe[incompatible-use]
+      Fantom.unstable_getDirectManipulationProps(viewElement).transform[0];
+
+    // `extractOffset` resets value back to 0.
+    // Previously we set offset to 35. The final value is 35.
+    expect(transform.translateY).toBeCloseTo(35, 0.001);
+
+    // TODO: this shouldn't be neccessary.
+    Fantom.runWorkLoop();
+  });
+});
diff --git a/packages/react-native/ReactCxxPlatform/react/renderer/animated/AnimatedModule.cpp b/packages/react-native/ReactCxxPlatform/react/renderer/animated/AnimatedModule.cpp
index b8eca745894..43f3fa3ec11 100644
--- a/packages/react-native/ReactCxxPlatform/react/renderer/animated/AnimatedModule.cpp
+++ b/packages/react-native/ReactCxxPlatform/react/renderer/animated/AnimatedModule.cpp
@@ -137,8 +137,8 @@ void AnimatedModule::flattenAnimatedNodeOffset(
 
 void AnimatedModule::extractAnimatedNodeOffset(
     jsi::Runtime& /*rt*/,
-    Tag /*nodeTag*/) {
-  // TODO(T196513004): missing implementation
+    Tag nodeTag) {
+  operations_.push_back(ExtractAnimatedNodeOffsetOp({.nodeTag = nodeTag}));
 }
 
 void AnimatedModule::connectAnimatedNodeToView(
@@ -253,6 +253,8 @@ void AnimatedModule::executeOperation(const Operation& operation) {
           nodesManager_->setAnimatedNodeOffset(op.nodeTag, op.offset);
         } else if constexpr (std::is_same_v<T, FlattenAnimatedNodeOffsetOp>) {
           nodesManager_->flattenAnimatedNodeOffset(op.nodeTag);
+        } else if constexpr (std::is_same_v<T, ExtractAnimatedNodeOffsetOp>) {
+          nodesManager_->extractAnimatedNodeOffsetOp(op.nodeTag);
         } else if constexpr (std::is_same_v<T, ConnectAnimatedNodeToViewOp>) {
           nodesManager_->connectAnimatedNodeToView(op.nodeTag, op.viewTag);
         } else if constexpr (std::is_same_v<
diff --git a/packages/react-native/ReactCxxPlatform/react/renderer/animated/AnimatedModule.h b/packages/react-native/ReactCxxPlatform/react/renderer/animated/AnimatedModule.h
index f915cb05a59..f7d72415d50 100644
--- a/packages/react-native/ReactCxxPlatform/react/renderer/animated/AnimatedModule.h
+++ b/packages/react-native/ReactCxxPlatform/react/renderer/animated/AnimatedModule.h
@@ -75,6 +75,10 @@ class AnimatedModule : public NativeAnimatedModuleCxxSpec<AnimatedModule>,
     Tag nodeTag{};
   };
 
+  struct ExtractAnimatedNodeOffsetOp {
+    Tag nodeTag{};
+  };
+
   struct ConnectAnimatedNodeToViewOp {
     Tag nodeTag{};
     Tag viewTag{};
@@ -120,6 +124,7 @@ class AnimatedModule : public NativeAnimatedModuleCxxSpec<AnimatedModule>,
       DisconnectAnimatedNodeFromViewOp,
       RestoreDefaultValuesOp,
       FlattenAnimatedNodeOffsetOp,
+      ExtractAnimatedNodeOffsetOp,
       DropAnimatedNodeOp,
       AddAnimatedEventToViewOp,
       RemoveAnimatedEventFromViewOp>;
diff --git a/packages/react-native/ReactCxxPlatform/react/renderer/animated/NativeAnimatedNodesManager.cpp b/packages/react-native/ReactCxxPlatform/react/renderer/animated/NativeAnimatedNodesManager.cpp
index bebbe64d3cf..53ebb05e07c 100644
--- a/packages/react-native/ReactCxxPlatform/react/renderer/animated/NativeAnimatedNodesManager.cpp
+++ b/packages/react-native/ReactCxxPlatform/react/renderer/animated/NativeAnimatedNodesManager.cpp
@@ -260,6 +260,12 @@ void NativeAnimatedNodesManager::flattenAnimatedNodeOffset(Tag tag) {
   }
 }
 
+void NativeAnimatedNodesManager::extractAnimatedNodeOffsetOp(Tag tag) {
+  if (auto node = getAnimatedNode<ValueAnimatedNode>(tag)) {
+    node->extractOffset();
+  }
+}
+
 void NativeAnimatedNodesManager::stopAnimationsForNode(Tag nodeTag) {
   std::vector<int> discardedAnimIds{};
 
diff --git a/packages/react-native/ReactCxxPlatform/react/renderer/animated/NativeAnimatedNodesManager.h b/packages/react-native/ReactCxxPlatform/react/renderer/animated/NativeAnimatedNodesManager.h
index a91290b5c4c..b19f9a83b43 100644
--- a/packages/react-native/ReactCxxPlatform/react/renderer/animated/NativeAnimatedNodesManager.h
+++ b/packages/react-native/ReactCxxPlatform/react/renderer/animated/NativeAnimatedNodesManager.h
@@ -98,6 +98,8 @@ class NativeAnimatedNodesManager {
 
   void flattenAnimatedNodeOffset(Tag tag);
 
+  void extractAnimatedNodeOffsetOp(Tag tag);
+
   void setAnimatedNodeOffset(Tag tag, double offset);
 
   // drivers
diff --git a/packages/react-native/ReactCxxPlatform/react/renderer/animated/nodes/ValueAnimatedNode.cpp b/packages/react-native/ReactCxxPlatform/react/renderer/animated/nodes/ValueAnimatedNode.cpp
index 4a96d01fe4e..963f04f7822 100644
--- a/packages/react-native/ReactCxxPlatform/react/renderer/animated/nodes/ValueAnimatedNode.cpp
+++ b/packages/react-native/ReactCxxPlatform/react/renderer/animated/nodes/ValueAnimatedNode.cpp
@@ -71,8 +71,9 @@ void ValueAnimatedNode::flattenOffset() noexcept {
 }
 
 void ValueAnimatedNode::extractOffset() noexcept {
-  setOffset(value_ + getOffset());
-  setRawValue(0.0f);
+  offset_ += value_;
+  value_ = 0;
+  onValueUpdate();
 }
 
 void ValueAnimatedNode::onValueUpdate() noexcept {