Turning to operating expenses, selling general administrative expenses were $25 million in Q1 of 2026. compared with $24.3 million in Q1 of last year. This modest increase reflects discipline expense management, even as we continue to invest in technology, regulatory compliance infrastructure, and market expansion capabilities, including our AI-powered platform investments that Zorin will speak to in more detail.

Apr 28, 2026 / CFO / receipt, needs a key / Rich Christensen, CFO | earnings call 2026-04-28 | transcript bd04eec0-940c-49f6-abda-f5580e903d9d | chars 5233-5649 | segment 5