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Operating Expense Breakdown
Details core costs like R&D, marketing, and admin, offering insight into how efficiently the company runs and where it’s prioritizing investment.Operating expenses across Sales & Marketing, R&D and G&A have been trimmed materially since late‑2023, with G&A cuts the most pronounced—consistent with management’s ‘permanent structural efficiencies’ that helped push consecutive positive adjusted EBITDA and record non‑GAAP gross margins. That fiscal discipline makes the 2026 guidance and tighter cash profile credible, but cuts to R&D/S&M raise execution risk: software ARR growth cushions this, yet watch bookings cadence and managed‑services/supplier headwinds that could slow revenue recovery as battery resales ramp in H2.
Date | Sales and Marketing | Research and Development | General and Administrative |
|---|---|---|---|
Jun 30, 2026 | $7.44M | $6.46M | $8.21M |
Mar 31, 2026 | $6.52M | $6.58M | $8.67M |
Dec 31, 2025 | $7.70M | $7.06M | $16.63M |
Sep 30, 2025 | $6.98M | $6.92M | $12.54M |
Jun 30, 2025 | $7.25M | $9.99M | $8.90M |
Mar 31, 2025 | $6.79M | $11.33M | $13.57M |
Dec 31, 2024 | $7.47M | $10.78M | $26.45M |
Sep 30, 2024 | $8.22M | $11.09M | $27.21M |
Jun 30, 2024 | $10.94M | $15.28M | $15.85M |
Mar 31, 2024 | $11.13M | $14.14M | $18.56M |