In Q1'26, SPOT's total operating expenses reached approximately $780M USD, comprising $331M in R&D expenses and $449M in SG&A expenses, reflecting a modest increase from the prior quarter's $798M total while showing stabilization after earlier fluctuations. Over the period from Q2'23 to Q1'26, R&D expenses exhibited volatility, peaking at $468M in Q4'23 and $415M in Q2'25 before declining sharply to $290M in Q4'25 and rebounding to $331M in Q1'26, indicating potential shifts in innovation investments. SG&A expenses followed a similar irregular pattern, ranging from a low of $438M in Q1'25 to highs of $587M in Q4'23 and $515M in Q4'24, with overall operating expenses trending downward on average by about 10% year-over-year in recent quarters amid cost optimization efforts. This stacked bar chart highlights R&D as a consistently smaller but variable component compared to the dominant SG&A segment.