In Q1'26, OKLO's total operating expenses reached approximately 51.2M USD, comprising 27M USD in R&D expenses and 24.2M USD in SG&A expenses, marking a slight decline from the previous quarter's peak of 57.1M USD in Q4'25. From Q2'23 to Q1'26, operating expenses exhibited a strong upward trend, starting from near-zero levels in early quarters and accelerating significantly after Q3'23, with total expenses growing from 0.9M USD in Q2'23 to over 50M USD by Q1'26. R&D expenses remained negligible until Q4'23 (9.8M USD) before surging to 27M USD in Q1'26, while SG&A expenses showed steady growth from 0.9M USD in Q2'23 to 24.2M USD in Q1'26, reflecting expanding operational scale; notable inflection points include a sharp rise in both categories during 2025, indicating increased investment in development and administrative functions.