As of Q3'25 (2025-09-30), VST reported SG&A Expenses of 444M USD, while R&D Expenses remained at 0 USD. This marks the latest available data point in the chart, covering quarterly results from Q1'23 through Q3'25. Over the observed period, SG&A Expenses have shown a consistent upward trend, rising from 288M USD in Q1'23 to 444M USD in Q3'25, with only minor fluctuations. Notably, R&D Expenses have remained at 0 USD throughout, indicating no allocation to research and development. The data highlights a steady increase in operating expenses, driven entirely by SG&A, with no contribution from R&D over the entire timeframe.