As of Q4'25, SOUN's latest operating expenses show R&D Expenses at USD 24.8M and SG&A Expenses at USD 38.6M. This marks the highest quarterly values for both categories within the period, with a notable increase in SG&A Expenses compared to previous quarters. From Q1'23 to Q4'25, both R&D and SG&A Expenses exhibit a clear upward trend, with particularly sharp growth starting in Q3'24. SG&A Expenses experienced the most significant acceleration, rising from USD 15.2M in Q2'24 to USD 40.7M in Q3'25, while R&D Expenses also climbed steadily but at a more moderate pace. The data suggests increasing investment in both research and operational activities over the observed period.