Marti Technologies, Inc.(MRT)Earnings, Financials & Key Ratios
MRT•AMEX
Price updated Jun 13, 2026
AboutMarti Technologies Inc. provides urban transportation services to riders in Turkey. It also operates a mobility app that provides multiple transportation services to its riders; and operates a fleet of e-mopeds, e-bikes, and e-scooters. The company was founded in 2018 and is based in Istanbul, Turkey.Show more
- Revenue$39M+110.3%
- EBITDA-$16M+70.0%
- Net Income-$41M+43.9%
- EPS (Diluted)-0.53+57.6%
- Gross Margin9.28%+103.7%
- EBITDA Margin-41.89%+85.7%
- Operating Margin-51.03%+85.0%
- Net Margin-105.62%+73.3%
- ROIC-147.74%+65.1%
- Interest Coverage-1.65+74.3%
MRT Key Insights
Marti Technologies, Inc. (MRT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y sales CAGR of 32.1%
- ✓Efficient asset utilization: 1.3x turnover
✗Weaknesses
- ✗Profits declining 55.0% over 5 years
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 19 (bottom 19%)
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Shares diluted 33.5% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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MRT Price & Volume
Marti Technologies, Inc. (MRT) stock price & volume — 10-year historical chart
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MRT Growth Metrics
Marti Technologies, Inc. (MRT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years32.08%
3 Years16.24%
TTM46.35%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM29.77%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM19.57%
Return on Capital
10 Years-140.89%
5 Years-143.54%
3 Years-201.97%
Last Year-137.98%
MRT Recent Earnings
Marti Technologies, Inc. (MRT) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (43%)●Beat Revenue 3/12 qtrs (43%)
Q2 2026Latest
May 21, 2026EPS
$0.09
Est $0.35
+74.3%
Revenue
$15M
Est $8M
+85.9%
Q2 2026
Apr 13, 2026EPS
$0.29
Est $0.29
+0.0%
Revenue
$25M
Est $20M
+24.8%
Q4 2025
Sep 22, 2025EPS
$0.13
Est $0.31
+58.0%
Revenue
$7M
Est $14M
-50.3%
Q2 2025
Apr 29, 2025EPS
$0.13
Est $0.37
+64.8%
Revenue
$7M
Est $8M
-12.5%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 21, 2026 | $0.09vs $0.35+74.3% | $15Mvs $8M+85.9% |
| Q2 2026 | Apr 13, 2026 | $0.29vs $0.29+0.0% | $25Mvs $20M+24.8% |
| Q4 2025 | Sep 22, 2025 | $0.13vs $0.31+58.0% | $7Mvs $14M-50.3% |
| Q2 2025 | Apr 29, 2025 | $0.13vs $0.37+64.8% | $7Mvs $8M-12.5% |
Based on last 12 quarters of dataView full earnings history →
MRT Peer Comparison
Marti Technologies, Inc. (MRT) competitors in Consumer social and creator platforms — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 BIRD | 30.52M | 3.66 | -0.39 | -19.65% | -53.36% | -173.54% | 1.10 | |
 LYFT | 5.14B | 13.54 | 1.99 | 9.16% | 43.82% | 150.2% | 0.39 | |
 UBER | 142.62B | 68.85 | 14.56 | 18.28% | 15.91% | 32.02% | 0.48 | |
 DKNG | 14.38B | 29.00 | -3580.25 | 26.99% | 0.93% | 7.88% | 3.06 | |
 TSLA | 1.53T | 406.43 | 376.32 | -2.93% | 3.96% | 4.75% | 0.10 | |
 NIU | 185.96M | 2.30 | -32.40 | 27.44% | -0.89% | -4.13% | 0.71 | |
 AIOT | 574.36M | 4.22 | -9.81 | -7.4% | -6.64% | 0.64 | ||
 MAPS | 67.48M | 0.39 | 21.55 | -5.32% | 0.86% | 1.12% | 0.20 |
Compare MRT vs Peers
Marti Technologies, Inc. (MRT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MRT Income Statement
Marti Technologies, Inc. (MRT) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Sales/Revenue | 9.76M | 17M | 24.99M | 20.03M | 18.66M | 39.24M | 34.88M |
Revenue Growth % | - | 74.12% | 46.99% | -19.84% | -6.84% | 110.3% | 46.35% |
Cost of Goods Sold | 9.52M | 20.11M | 32.97M | 32.88M | 65.87M | 35.6M | 18.31M |
COGS % of Revenue | 97.49% | 118.3% | 131.94% | 164.16% | 353.02% | 90.72% | - |
Gross Profit | 244.84K▲ 0% | -3.11M▼ 1370.7% | -7.98M▼ 156.5% | -12.85M▼ 61.0% | -47.21M▼ 267.4% | 3.64M▲ 107.7% | 16.57M▲ 0% |
Gross Margin % | 2.51% | -18.3% | -31.94% | -64.16% | -253.02% | 9.28% | 47.5% |
Gross Profit Growth % | - | -1370.67% | -156.52% | -61.03% | -267.38% | 107.71% | - |
Operating Expenses | 4.2M | 5.87M | 6.77M | 15.43M | 16.24M | 23.67M | 52.1M |
OpEx % of Revenue | 42.97% | 34.54% | 27.08% | 77.05% | 87.01% | 60.31% | - |
Selling, General & Admin | 3.14M | 3.44M | 4.13M | 12.66M | 13.71M | 20.05M | 45.54M |
SG&A % of Revenue | 32.13% | 20.23% | 16.54% | 63.19% | 73.46% | 51.09% | - |
Research & Development | 541.24K | 1.04M | 1.88M | 1.95M | 1.96M | 3.01M | 2.8M |
R&D % of Revenue | 5.54% | 6.11% | 7.52% | 9.76% | 10.52% | 7.66% | - |
Other Operating Expenses | 516.98K | 1.39M | 756.64K | 822.83K | 564.5K | 609.98K | 2.62M |
Operating Income | -3.95M▲ 0% | -8.98M▼ 127.3% | -14.75M▼ 64.2% | -28.28M▼ 91.8% | -63.45M▼ 124.3% | -20.02M▲ 68.4% | -35.53M▲ 0% |
Operating Margin % | -40.47% | -52.84% | -59.02% | -141.22% | -340.03% | -51.03% | -101.86% |
Operating Income Growth % | - | -127.35% | -64.19% | -91.8% | -124.32% | 68.44% | - |
EBITDA | 1.42M | -3.51M | -5.65M | -18.24M | -54.76M | -16.44M | -30.71M |
EBITDA Margin % | 14.56% | -20.64% | -22.61% | -91.07% | -293.45% | -41.89% | -88.05% |
EBITDA Growth % | - | -346.77% | -61.03% | -222.82% | -200.2% | 69.98% | 43.39% |
D&A (Non-Cash Add-back) | 5.37M | 5.47M | 9.1M | 10.04M | 8.69M | 3.59M | 4.82M |
EBIT | -4.37M | -12.97M | -12.36M | -27.07M | -63.9M | -25.8M | -35.53M |
Net Interest Income | -265.36K | 4.79K | 635.23K | -5.94M | -8.97M | -14.29M | -12.73M |
Interest Income | 16.8K | 4.79K | 2.57M | 803.61K | 1.01M | 1.35M | 374.31K |
Interest Expense | 263.96K | 0 | 1.93M | 6.74M | 9.98M | 15.65M | 13.11M |
Other Income/Expense | -679.46K | -4.6M | 501.4K | -5.53M | -10.43M | -21.42M | -17.18M |
Pretax Income | -4.63M▲ 0% | -13.58M▼ 193.4% | -14.25M▼ 4.9% | -33.81M▼ 137.4% | -73.88M▼ 118.5% | -41.45M▲ 43.9% | -52.71M▲ 0% |
Pretax Margin % | -47.42% | -79.91% | -57.01% | -168.82% | -395.94% | -105.62% | -151.12% |
Income Tax | 0 | 887.65K | 0 | 0 | 0 | 0 | 0 |
Effective Tax Rate % | 0% | -6.53% | 0% | 0% | 0% | 0% | 0% |
Net Income | -4.63M▲ 0% | -14.47M▼ 212.6% | -14.25M▲ 1.6% | -33.81M▼ 137.4% | -73.88M▼ 118.5% | -41.45M▲ 43.9% | -52.71M▲ 0% |
Net Margin % | -47.42% | -85.14% | -57.01% | -168.82% | -395.94% | -105.62% | -151.12% |
Net Income Growth % | - | -212.57% | 1.57% | -137.36% | -118.49% | 43.9% | 29.77% |
Net Income (Continuing) | -4.63M | -14.47M | -14.25M | -33.81M | -73.88M | -41.45M | -52.71M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | -0.13▲ 0% | -0.42▼ 223.1% | -0.32▲ 23.8% | -0.67▼ 109.4% | -1.25▼ 86.6% | -0.53▲ 57.6% | -0.61▲ 0% |
EPS Growth % | - | -223.08% | 23.81% | -109.38% | -86.57% | 57.6% | 19.57% |
EPS (Basic) | -0.13 | -0.42 | -0.32 | -0.67 | -1.25 | -0.53 | - |
Diluted Shares Outstanding | 35.94M | 34.24M | 44.11M | 50.58M | 58.97M | 78.7M | 86.04M |
Basic Shares Outstanding | 35.94M | 34.24M | 44.11M | 50.58M | 58.97M | 78.7M | 86.04M |
Dividend Payout Ratio | - | - | - | - | - | - | - |
MRT Balance Sheet
Marti Technologies, Inc. (MRT) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Total Current Assets | 5.58M | 17.97M | 20.46M | 25.7M | 11.42M | 13.94M | 8.54M |
Cash & Short-Term Investments | 3.5M | 13.22M | 10.5M | 19.42M | 5.15M | 7.81M | 4.77M |
Cash Only | 3.5M | 13.22M | 10.5M | 19.42M | 5.15M | 7.81M | 4.77M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 1.36M | 3.14M | 6.1M | 2.44M | 1.58M | 504K | 623.76K |
Days Sales Outstanding | 51.01 | 67.36 | 89.16 | 44.45 | 30.82 | 4.69 | 9.72 |
Inventory | 75.94K | 866.72K | 3.33M | 2.61M | 2.03M | 1.99M | 1.92M |
Days Inventory Outstanding | 2.91 | 15.73 | 36.89 | 29 | 11.25 | 20.41 | 40.51 |
Other Current Assets | 4.75K | 11.43K | -161.28K | 150.22K | 1.85M | 3.64M | 477.85K |
Total Non-Current Assets | 8.06M | 21.02M | 20.42M | 14.52M | 8.96M | 15.86M | 16.5M |
Property, Plant & Equipment | 8.04M | 20.98M | 20.26M | 14.33M | 6.33M | 3.56M | 2.94M |
Fixed Asset Turnover | 1.21x | 0.81x | 1.23x | 1.40x | 2.95x | 11.02x | 7.40x |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 19.87K | 33.32K | 159.58K | 183.89K | 590K | 351.21K | 281.92K |
Long-Term Investments | 0 | 146.63M | 148.74M | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 0 | 69.66K | -148.74M | 0 | 2.04M | 11.95M | 13.27M |
Total Assets | 13.64M▲ 0% | 38.99M▲ 185.8% | 40.88M▲ 4.8% | 40.21M▼ 1.6% | 20.38M▼ 49.3% | 29.8M▲ 46.2% | 25.03M▲ 0% |
Asset Turnover | 0.72x | 0.44x | 0.61x | 0.50x | 0.92x | 1.32x | 1.75x |
Asset Growth % | - | 185.81% | 4.85% | -1.63% | -49.32% | 46.24% | -66.21% |
Total Current Liabilities | 10.55M | 10.42M | 15.87M | 17.5M | 6.77M | 14.39M | 10.93M |
Accounts Payable | 0 | 0 | 3.57M | 2.8M | 1.65M | 4.08M | 1.96M |
Days Payables Outstanding | - | - | 39.57 | 31.04 | 9.15 | 41.8 | 37.23 |
Short-Term Debt | 8.6M | 5.64M | 7.29M | 10.45M | 0 | 3.69M | 2.44M |
Deferred Revenue (Current) | 41.77K | 712.7K | 1.33M | 1.55M | 0 | 2.13M | 2.06M |
Other Current Liabilities | 390.71K | 438.6K | 1.01M | 1.88M | 1.84M | 3.87M | 4.48M |
Current Ratio | 0.53x | 1.73x | 1.29x | 1.47x | 1.69x | 0.97x | 0.78x |
Quick Ratio | 0.52x | 1.64x | 1.08x | 1.32x | 1.39x | 0.83x | 0.60x |
Cash Conversion Cycle | - | - | 86.49 | 42.41 | 32.93 | -16.7 | 13 |
Total Non-Current Liabilities | 409.48K | 8.05M | 17.41M | 55.41M | 75.05M | 82.5M | 86.39M |
Long-Term Debt | 0 | 7.41M | 16.38M | 54.8M | 74.67M | 82.12M | 85.91M |
Capital Lease Obligations | 393.91K | 619.77K | 674.5K | 277.96K | 88K | 136K | 310.75K |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 15.57K | 17.98K | 357.23K | 325.86K | 290K | 249K | 341.21K |
Total Liabilities | 10.96M | 18.47M | 33.28M | 72.91M | 81.82M | 96.89M | 97.33M |
Total Debt | 9.44M | 14.33M | 26.5M | 65.94M | 75.25M | 86.57M | 88.49M |
Net Debt | 5.94M | 1.11M | 16M | 46.52M | 70.1M | 78.76M | 83.72M |
Debt / Equity | 3.52x | 0.70x | 3.49x | - | - | - | -1.22x |
Debt / EBITDA | 6.64x | - | - | - | - | - | -2.88x |
Net Debt / EBITDA | 4.18x | - | - | - | - | - | -2.73x |
Interest Coverage | -16.54x | - | -6.40x | -4.02x | -6.41x | -1.65x | -2.71x |
Total Equity | 2.69M▲ 0% | 20.52M▲ 664.0% | 7.6M▼ 63.0% | -32.7M▼ 530.3% | -61.44M▼ 87.9% | -67.09M▼ 9.2% | -72.29M▲ 0% |
Equity Growth % | - | 664% | -62.96% | -530.25% | -87.91% | -9.19% | -172.66% |
Book Value per Share | 0.07 | 0.60 | 0.17 | -0.65 | -1.04 | -0.85 | -0.84 |
Total Shareholders' Equity | 2.69M | 20.52M | 7.6M | -32.7M | -61.44M | -67.09M | -72.29M |
Common Stock | 90 | 90 | 4.41K | 5.7K | 6K | 9K | 8.61K |
Retained Earnings | -10.46M | -24.94M | -39.18M | -65.61M | -139.49M | -180.93M | -188.36M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | -368K | -367.63K |
Accumulated OCI | 246.2K | -7.22M | -7.56M | -7.56M | -7.56M | -7.56M | -7.56M |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
MRT Cash Flow Statement
Marti Technologies, Inc. (MRT) cash flow — operating, investing & free cash flow history
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Cash from Operations | 2.1M | -4.04M | -5.47M | -14.87M | -25.08M | -14.78M | -17.96M |
Operating CF Margin % | 21.46% | -23.75% | -21.87% | -74.22% | -134.39% | -37.67% | - |
Operating CF Growth % | - | -292.64% | -35.39% | -171.99% | -68.69% | 41.05% | 22.93% |
Net Income | -5.96M | -9.3M | -14.25M | -33.81M | -73.88M | -41.45M | -52.71M |
Depreciation & Amortization | 5.37M | 5.47M | 9.1M | 10.04M | 8.69M | 3.59M | 4.82M |
Stock-Based Compensation | 643.71K | 868.76K | 1.66M | 1.99M | 0 | 0 | 3.49M |
Deferred Taxes | 495.43K | 0 | -2.19M | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 459.4K | 20.02K | 1.47M | 5.36M | 39.24M | 18.67M | 27.35M |
Working Capital Changes | 1.09M | -1.1M | -1.25M | 1.56M | 868.67K | 4.41M | -900.34K |
Change in Receivables | -178.97K | -211.65K | -210.01K | 186.8K | -15K | -300K | -627.07K |
Change in Inventory | -844.62K | -1.21M | -2.1M | 657.57K | 265K | 21K | 51.04K |
Change in Payables | 2.09M | 1.24M | 1.66M | -777.41K | -1.15M | 2.43M | -2.12M |
Cash from Investing | -17.71M | -22.89M | -8.16M | -4.82M | -1.04M | -542K | -567.39K |
Capital Expenditures | -17.71M | -4.97M | -8.2M | -4.74M | -332K | -541K | -534.7K |
CapEx % of Revenue | 181.4% | 29.24% | 32.81% | 23.66% | 1.78% | 1.38% | 1.53% |
Acquisitions | 0 | 0 | 38.13K | 0 | 0 | 0 | 0 |
Investments | - | - | - | - | - | - | - |
Other Investing | 0 | 128.7M | 0 | -80.84K | -707.28K | -1K | -32.69K |
Cash from Financing | 32.45M | 43.09M | 11.26M | 28.61M | 11.84M | 17.98M | 12.64M |
Debt Issued (Net) | 2.74M | 13.38M | 11.26M | 298.18K | 11.93M | 18.18M | 2.75M |
Equity Issued (Net) | 29.71M | 147.59M | 0 | 0 | 0 | -200K | -195.44K |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | -368K | -195.44K |
Other Financing | 0 | -117.88M | 0 | 28.31M | -89.97K | 0 | 10.09M |
Net Change in Cash | 11.46M▲ 0% | -8.42M▼ 173.4% | -2.72M▲ 67.7% | 8.93M▲ 428.4% | -14.28M▼ 259.9% | 2.66M▲ 118.6% | 4.62M▲ 0% |
Free Cash Flow | -15.62M▲ 0% | -2.38M▲ 84.7% | -13.66M▼ 473.7% | -19.71M▼ 44.2% | -25.41M▼ 28.9% | -15.27M▲ 39.9% | -18.5M▲ 0% |
FCF Margin % | -159.94% | -14.01% | -54.68% | -98.39% | -136.17% | -38.91% | -53.03% |
FCF Growth % | - | 84.75% | -473.74% | -44.23% | -28.93% | 39.91% | 40.65% |
FCF per Share | -0.43 | -0.07 | -0.31 | -0.39 | -0.43 | -0.19 | -0.21 |
FCF Conversion (FCF/Net Income) | -0.45x | 0.28x | 0.38x | 0.44x | 0.34x | 0.36x | 0.35x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 1.62M |
Taxes Paid | 0 | 0 | 530.07K | 0 | 0 | 0 | 0 |
MRT Key Ratios
Marti Technologies, Inc. (MRT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -124.74% | -101.33% | - | - | - | 75.29% |
| Return on Invested Capital (ROIC) | -44.53% | -48.9% | -113.37% | -423.43% | -147.74% | -331.1% |
| Gross Margin | -18.3% | -31.94% | -64.16% | -253.02% | 9.28% | 47.5% |
| Net Margin | -85.14% | -57.01% | -168.82% | -395.94% | -105.62% | -151.12% |
| Debt / Equity | 0.70x | 3.49x | - | - | - | -1.22x |
| Interest Coverage | - | -6.40x | -4.02x | -6.41x | -1.65x | -2.71x |
| FCF Conversion | 0.28x | 0.38x | 0.44x | 0.34x | 0.36x | 0.35x |
| Revenue Growth | 74.12% | 46.99% | -19.84% | -6.84% | 110.3% | 46.35% |
Related:MRT Dividend History·MRT Revenue History·MRT Price History·MRT P/E History·MRT Financial Ratios·MRT Institutional Holders
MRT Frequently Asked Questions
Marti Technologies, Inc. (MRT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Marti Technologies, Inc. (MRT) reported $34.9M in revenue for fiscal year 2025. This represents a 257% increase from $9.8M in 2020.
Marti Technologies, Inc. (MRT) grew revenue by 110.3% over the past year. This is strong growth.
Marti Technologies, Inc. (MRT) reported a net loss of $52.7M for fiscal year 2025.
Dividend & Returns
Marti Technologies, Inc. (MRT) had negative free cash flow of $18.5M in fiscal year 2025, likely due to heavy capital investments.