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As of the latest data point for Q4'25, MPWR's current contract liabilities stand at 0 USD, following a similar value of 0 USD in the preceding quarters. The most recent non-zero value was recorded in Q3'24 at 6.32M USD, indicating a significant decrease from earlier quarters. Analyzing the trend from Q1'23 to Q4'25, the chart reveals sporadic spikes in current contract liabilities, most notably a peak at 65.76M USD in Q4'23. After this high, liabilities dropped sharply to 0 USD in Q1'24, followed by modest increases in Q2'24 (5.56M USD) and Q3'24 (6.32M USD), before returning to 0 USD for the remaining periods. This pattern suggests irregular recognition of contract liabilities, with no sustained upward or downward trend over the observed timeframe.