As of Q4'25, TEM's latest gross margin stands at 89.7%, with the operating margin at -17.0% and the net profit margin at -14.8%. This represents a significant improvement in both operating and net margins compared to previous quarters, while the gross margin has reached its highest level in the observed period. From Q1'23 to Q4'25, the chart shows that gross margin generally trended upward, with a notable dip in Q2'24 (45.5%) before a sharp recovery and strong growth into 2025. Operating and net profit margins remained negative throughout, but both experienced a dramatic deterioration in Q2'24 (operating margin: -321.4%, net margin: -340.1%), followed by a rapid recovery and steady improvement, particularly in the last four quarters. The data suggests TEM has made substantial progress in profitability after a period of volatility, especially in 2024, with the latest figures indicating a move toward operational efficiency and narrowing net losses. The chart covers the period from Q1'23 to Q4'25.