The latest data point for CPNG's Operation Income in Q4'25 shows a significant decline to $8M USD, marking a sharp drop from the previous quarter's $162M USD and representing the lowest figure in the observed period from Q1'23 to Q4'25. Over the timeframe from Q1'23 to Q4'25, Operation Income exhibited volatile trends with an overall upward trajectory in recent quarters, starting at $107M USD in Q1'23, peaking at $312M USD in Q4'24, and stabilizing around $150M-$162M USD in Q1'25 through Q3'25 before the Q4'25 downturn; year-over-year growth was particularly strong in Q2'25 at 696%, but turned negative at -97% in Q4'25, highlighting potential seasonal or operational challenges amid earlier recoveries from mid-2024 losses.