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SERV Operating Expenses

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As of Q3'25, SERV's latest operating expenses show R&D Expenses at USD 13.4M and SG&A Expenses at USD 14M, marking the highest levels observed in the reported period. This represents a substantial increase from the previous quarter, with both categories experiencing significant growth. From Q4'22 to Q3'25, the chart reveals a pronounced upward trend in both R&D and SG&A expenses, especially accelerating from Q4'24 onward. Notably, R&D Expenses rose from USD 4.3M in Q4'22 to USD 13.4M in Q3'25, while SG&A Expenses increased from USD 1.3M to USD 14M over the same period. The sharp escalation in the most recent quarters suggests intensified investment in both research and administrative functions, indicating a strategic shift or scaling of operations.