In Q1'26, GRAB's total operating expenses reached $345M USD, comprising $120M in R&D expenses and $225M in SG&A expenses, marking a 16% quarter-over-quarter increase from Q4'25's $301M total. From Q2'23 to Q1'26, R&D expenses exhibited volatility with an initial upward trend peaking at $116M in Q1'24, followed by declines to $90M in Q4'25 before rebounding, while SG&A expenses remained relatively stable around $200M, with notable spikes to $235M in Q4'24. Overall, total operating expenses trended upward by approximately 20% over the period, driven by intermittent growth in both categories amid fluctuating business demands, highlighting potential scaling efforts in research and administrative functions.