In the latest quarter Q4'25, SMR's Gross Margin stood at -3.4%, reflecting a contraction into negative territory after a period of positive readings, while Operating Margin was -40.2%, indicating ongoing operational losses, and Net Profit Margin reached -28.1%, underscoring persistent profitability challenges despite some prior improvements. Over the period from Q1'23 to Q4'25, Gross Margin exhibited high volatility, fluctuating between a low of 0.5% in Q2'23 and a peak of 91.1% in Q4'24, before declining sharply to negative in the final quarter; Operating Margin consistently remained negative, worsening from around -10% in early 2023 to a nadir of -86.4% in Q3'24, with partial recoveries but no sustained positivity; Net Profit Margin followed a similar downward trajectory, deteriorating from -2.0% in Q1'23 to -36.8% in Q3'24, before stabilizing somewhat in late 2024 but reverting to -28.1% in Q4'25, highlighting an overall trend of declining efficiency and profitability amid operational pressures.