The latest data point for Q4'25 shows ROE at -4.35%, ROA at -3.60%, and ROIC at -6.51%, indicating a continued negative but relatively stable performance compared to the sharp downturn in the prior quarter, with all metrics reflecting ongoing challenges in asset utilization and capital efficiency for SMR. Over the period from Q1'23 to Q4'25, ROE, ROA, and ROIC have exhibited a predominantly declining trend, starting from milder losses (e.g., ROA at -3.30% in Q1'23) and worsening to peaks of negativity, such as ROIC reaching -63.15% in Q3'25, driven by volatile quarterly fluctuations including temporary recoveries in Q1'25 (ROE at -1.99%) before the significant Q3'25 drop across all lines. This line chart highlights persistent inefficiency in returns, with no positive quarters and notable inflection points in Q4'23 and Q3'25 underscoring potential operational or market pressures on profitability.