In Q1'26, NET's Gross Margin stood at 71.2%, reflecting a continued decline from its peak of 77.8% in Q2'24. Operating Margin was -9.7%, indicating ongoing operational losses, while Net Profit Margin registered -3.6%, showing a slight worsening from the near-breakeven -0.2% in Q3'25. Over the period from Q2'23 to Q1'26, Gross Margin exhibited steady growth initially, rising from 75.6% to a high of 77.8% by Q2'24, before trending downward to 71.2% amid potential cost pressures or revenue mix shifts. Operating Margin remained negative throughout, improving marginally from -18.2% to around -7% in mid-2024, but fluctuating without achieving profitability, with values hovering between -6.7% and -13.1% in recent quarters. Net Profit Margin followed a similar volatile path, narrowing losses from -30.6% early on to minimal -0.2% in Q3'25, yet reverting to -3.6% in Q1'26, underscoring persistent challenges in bottom-line efficiency despite gross improvements.