As of Q4'26 (2026-01-31), MongoDB's operating expenses reached their highest levels in the observed period, with R&D expenses at $189.13M and SG&A expenses at $318.23M. This marks a significant increase from the previous quarter, where R&D and SG&A expenses were $176.61M and $290.95M, respectively. From Q1'24 (2023-04-30) to Q4'26 (2026-01-31), both R&D and SG&A expenses have shown a consistent upward trend, with occasional minor fluctuations. SG&A expenses have consistently been the dominant component, nearly doubling from $222.56M in Q1'24 to $318.23M in Q4'26, while R&D expenses grew from $116.82M to $189.13M over the same period. The most notable increases occurred in the final quarters, suggesting accelerated investment in both research and operational activities.