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U Operating Expenses

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As of Q4'25, Unity's latest reported operating expenses show R&D Expenses at USD 249.7M and SG&A Expenses at USD 230.6M. Both categories have increased slightly from the previous quarter, reflecting a modest uptick in overall operating costs at the end of the period. From Q1'23 to Q4'25, the chart reveals a generally declining trend in both R&D and SG&A expenses, with notable peaks in Q1'24 (R&D: USD 282.7M, SG&A: USD 408.2M) followed by a significant drop in Q2'24. After this inflection point, expenses stabilized at lower levels, with minor fluctuations, indicating a period of cost control and operational efficiency. The data suggests Unity has managed to reduce and maintain its operating expenses over the observed timeframe, despite some quarter-to-quarter variability.