In Q1'26, APP's total operating expenses reached $198.9M USD, comprising $94.1M USD in R&D expenses and $104.8M USD in SG&A expenses, reflecting a moderate increase from the prior quarter's $199.2M USD total while showing a recovery in R&D spending after earlier declines. From Q2'23 to Q1'26, operating expenses exhibited an initial upward trend, peaking at $333.3M USD in Q1'24 driven by steady growth in both R&D (from $137.4M USD to $155.3M USD) and SG&A (from $222.8M USD to $269.1M USD), before a sharp decline to a low of $145.3M USD in Q3'25 amid significant reductions in both categories—R&D dropping to $43.9M USD and SG&A to $107.3M USD—followed by partial stabilization and rebound in later quarters, indicating volatile cost management possibly tied to operational scaling or efficiency measures. This bar chart highlights SG&A as the dominant component throughout, consistently accounting for over 60% of total expenses, underscoring its role in overall cost structure.