As of Q4'25, ASML's latest reported operating expenses show R&D Expenses at USD 1.64B and SG&A Expenses at USD 326M. This marks a significant increase from previous quarters, with R&D Expenses reaching their highest level in the observed period. From Q1'23 to Q4'25, both R&D and SG&A Expenses have exhibited a generally upward trend, with R&D Expenses rising from USD 948M in Q1'23 to USD 1.64B in Q4'25 and SG&A Expenses increasing from USD 260M to USD 326M over the same period. Notably, there is a sharp jump in R&D Expenses in Q4'25, suggesting a substantial investment in research and development at the end of the period, while SG&A growth has been steadier and less volatile. Overall, the data indicates ASML's growing commitment to R&D, with operating expenses trending higher across the two-year timeframe.