In Q4'25, TEM's total operating expenses reached $298.9M USD, with SG&A Expenses at $208.5M USD comprising the majority (about 70%) and R&D Expenses at $90.6M USD. This marks a significant increase from the prior quarter, driven primarily by accelerated growth in SG&A costs. Over the period from Q1'23 to Q4'25, operating expenses exhibited a strong upward trend, rising from $110.9M USD to $298.9M USD, with notable spikes in Q2'24 (totaling $609.0M USD due to surges in both R&D to $145.9M USD and SG&A to $463.1M USD). SG&A consistently dominated as the larger component, growing steadily post-Q2'24 from $101.4M USD in Q3'24 to $208.5M USD in Q4'25, while R&D showed consistent quarterly increases averaging 10-15% until stabilizing around $90M USD in late 2025. The stacked bar chart highlights volatility in mid-2024 but overall expansion, suggesting scaling operations amid business growth.