As of Q4'25, UBER's operating expenses show R&D Expenses at USD 885M and SG&A Expenses at USD 2.09B, marking the highest levels for both categories within the observed period. This latest data point indicates a continued upward trajectory in spending, particularly for R&D, which has steadily increased over the last several quarters. From Q1'23 to Q4'25, the chart reveals that SG&A Expenses consistently represent the dominant portion of total operating expenses, despite some quarter-to-quarter volatility. R&D Expenses remained relatively stable through 2023 and early 2024, but began a clear upward trend from Q1'25 onward. SG&A Expenses, while fluctuating, also show an overall increase, with notable spikes in Q1'24, Q4'24, and Q3'25, suggesting periods of intensified operational activity or investment.