In Q1'26, TEM's Gross Margin reached 70.9%, marking a robust improvement from prior quarters and reflecting enhanced cost efficiencies in core operations. Meanwhile, the Operating Margin stood at -24.3%, indicating ongoing operational challenges despite some narrowing of losses, while the Net Profit Margin declined to -36.2%, pressured by higher expenses and one-time factors. Over the period from Q2'23 to Q1'26, Gross Margin exhibited a volatile but upward trajectory, starting at 54.1% and climbing steadily after a dip to 45.5% in Q2'24, with notable gains in Q3'24 (58.5%) and Q4'25 (64.7%) signaling improved pricing power and supply chain optimizations. In contrast, Operating Margin remained consistently negative, fluctuating between -34.1% and a low of -321.4% in Q2'24 before gradually improving to around -16.7% by Q4'25, though it widened again in Q1'26 due to elevated operating costs. Net Profit Margin followed a similar erratic pattern, with deep losses in Q2'24 (-340.1%) giving way to partial recovery (e.g., -6.5% in Q4'24) but reverting to -36.2% in Q1'26, underscoring persistent profitability hurdles amid revenue growth. The overall trend highlights strengthening gross profitability but highlights the need for better expense control to achieve positive margins, as TEM navigates market volatility in its sector.