In the latest quarter Q1'26, SPOT's Gross Margin stands at 32.9%, reflecting a slight decline from the previous quarter's 33.1% but maintaining a robust level overall. Operating Margin reached 15.8%, showing continued improvement and stability. Net Profit Margin was 15.9%, down from Q4'25's 25.9% but still positive and indicative of solid profitability. Over the period from Q2'23 to Q1'26, Gross Margin exhibited a steady upward trend, rising from 24.1% to 32.9% with consistent quarterly gains and minimal volatility. Operating Margin transitioned from negative territory (-7.8% in Q2'23) to positive and growing, peaking at 15.8% in Q1'26, driven by operational efficiencies despite occasional dips like in Q4'23. Net Profit Margin displayed more volatility, fluctuating between negative values early on and reaching a high of 25.9% in Q4'25 before settling at 15.9% in Q1'26, underscoring improving but uneven bottom-line performance amid broader profitability enhancements.