As of Q4'25, SPOT's latest Operating ROA stands at 7.82%, with ROE at 14.10% and ROIC at 7.08%. These figures reflect notable improvements across all three profitability metrics compared to earlier quarters in the period from Q1'23 to Q4'25. Over the observed time frame, all three metrics—ROA, ROE, and ROIC—show a significant turnaround from negative or near-zero values in 2023 to sustained positive growth throughout 2024 and into 2025. The most pronounced improvement is seen in ROE, which shifted from -14.70% in Q2'23 to a peak of 14.10% by Q4'25. Both ROA and ROIC also demonstrate steady upward trends, with brief dips in mid-2025 before reaching their highest levels at the end of the period, indicating enhanced operational efficiency and profitability for SPOT.