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As of Q4'25, SMR's EV/Sales ratio stands at 2.03K, marking a significant increase from the previous quarter's value of 1.13K. This latest data point highlights a sharp upward movement in the company's valuation relative to its sales. Analyzing the period from Q1'23 to Q4'25, the EV/Sales ratio has exhibited extreme volatility, with notable spikes in Q2'24 (2.25K) and an extraordinary peak in Q3'24 (12.92K), followed by a sharp drop to 116 in Q4'24. The metric rebounded again in 2025, indicating ongoing fluctuations and a lack of stable trend, which may suggest significant changes in either enterprise value or sales figures over the observed quarters.