In Q1'26, RKLB's total operating expenses reached $132.46M USD, with R&D expenses at $80.51M USD and SG&A expenses at $51.95M USD, marking a significant quarter-over-quarter increase from Q4'25's total of $119.27M USD. From Q2'23 to Q1'26, operating expenses exhibited a clear upward trend, rising from $59.75M USD to $132.46M USD, driven primarily by R&D expenses which more than doubled from $31.04M USD to $80.51M USD amid apparent scaling of innovation efforts. SG&A expenses showed moderate growth with some fluctuations, increasing from $28.72M USD to $51.95M USD, while the stacked bar chart highlights R&D as the dominant component throughout, accounting for over 60% of total expenses in recent quarters and underscoring a focus on long-term development over administrative costs.