As of Q4'25, SOUN's gross margin stands at 47.86%, while operating margin has improved to 0.77% and net profit margin is at 0.73%. This marks a notable recovery from previous quarters, especially considering the negative margins observed throughout much of 2024 and early 2025. From Q1'23 to Q4'25, the chart reveals significant volatility across all margin metrics. Gross margin peaked at 79.1% in Q2'23 but has generally trended downward, reaching a low of 36.5% in Q1'25 before partially rebounding. Both operating and net profit margins were deeply negative for most of the period, with sharp declines in Q4'24 (operating margin at -7.44%, net margin at -7.49%), followed by a brief spike into positive territory in Q1'25, and then stabilizing near breakeven by Q4'25. This suggests a period of operational challenges followed by gradual financial recovery.