As of Q4'25 (2025-12-31), SMR reported a Gross Margin of -3.4%, an Operating Margin of -40.22%, and a Net Profit Margin of -28.11%. This marks a significant deterioration in profitability compared to prior quarters, with all three margin metrics remaining negative and the Gross Margin turning negative for the first time in the observed period. From Q1'23 to Q4'25, the chart shows considerable volatility across all margin categories. Gross Margin fluctuated, peaking at 91.1% in Q4'24 before dropping sharply into negative territory by Q4'25. Operating Margin and Net Profit Margin were consistently negative, with Operating Margin reaching a low of -86.36% in Q3'24 and Net Profit Margin bottoming at -36.76% in the same quarter. Despite some temporary improvements in late 2024 and early 2025, the overall trend reflects ongoing profitability challenges and heightened volatility throughout the period.