The latest data point for APLD's operating expenses in Q3'26 shows SG&A expenses at $82.7M, with R&D expenses remaining at no data, resulting in total operating expenses of $82.7M for the period. This marks a significant increase from the previous quarter's $57.0M total. Over the timeframe from Q4'23 to Q3'26, SG&A expenses exhibit a volatile upward trend, starting at $12.3M and surging to $82.7M, with notable peaks in Q3'24 ($30.4M) and Q3'26, interspersed by a dip to $14.3M in Q1'25. R&D expenses consistently show no data across all quarters, indicating a focus on SG&A as the primary driver of operating costs, which have grown over 5x overall amid apparent business expansion.