Marti Technologies, Inc. (MRT) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 8.54M | 10.93M | 10.93M | 11.42M | 11.42M | 14.19M | 14.19M | 25.7M | 12.48M | 12.48M | 181.22K | 20.46M | 12.63M | 630.22K | 735.64K | 17.97M | 773.3K |
| Cash & Short-Term Investments | 4.77M | 4.21M | 4.21M | 5.15M | 5.15M | 8.97M | 8.97M | 19.42M | 3.97M | 3.97M | 142.76K | 10.5M | 4.8M | 496.26K | 601.68K | 13.22M | 645.85K |
| Cash Only | 4.77M | 4.21M | 4.21M | 5.15M | 5.15M | 8.97M | 8.97M | 19.42M | 3.97M | 3.97M | 142.76K | 10.5M | 4.8M | 496.26K | 601.68K | 13.22M | 645.85K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 623.76K | 757.55K | 757.55K | 1.58M | 204K | 297.15K | 297.15K | 2.64M | 3.95M | 552.64K | 552.64K | 6.1M | 5.15M | 0 | 0 | 3.14M | 0 |
| Days Sales Outstanding | 4.09 | 9.62 | 14.66 | 16.15 | 4.45 | 6.43 | 31.77 | 29.41 | 840.58 | 10.6 | 63.17 | 82.81 | - | - | - | 84.9 | - |
| Inventory | 1.92M | 2.09M | 2.09M | 2.03M | 2.03M | 2.21M | 2.21M | 2.33M | 3.64M | 3.64M | 3.64M | 3.04M | 2.44M | 0 | 0 | 866.72K | 0 |
| Days Inventory Outstanding | 35.8 | 51.57 | 50.3 | 32.38 | 33.11 | 40.74 | 41.78 | 12.91 | -68.67 | 51.03 | 46.28 | 29.3 | - | - | - | 19.7 | - |
| Other Current Assets | 477.85K | 3.88M | 3.88M | 1.85M | 4.04M | 652.6K | 2.71M | 150.22K | 923K | 4.32M | -4.19M | 135.3K | 239.16K | 0 | 0 | 11.43K | 0 |
| Total Non-Current Assets | 16.5M | 6.28M | 6.28M | 8.96M | 8.96M | 10.82M | 10.82M | 14.52M | 19.23M | 19.22M | 150.32M | 20.42M | 20.04M | 146.84M | 146.68M | 21.02M | 146.76M |
| Property, Plant & Equipment | 2.94M | 4.79M | 4.79M | 6.33M | 6.33M | 10.12M | 10.12M | 14.33M | 19.04M | 18.82M | 18.82M | 20.26M | 19.93M | 0 | 0 | 20.98M | 0 |
| Fixed Asset Turnover | 3.99x | 1.50x | 1.29x | 0.81x | 0.62x | 0.42x | 0.34x | 0.62x | 0.01x | 0.25x | 0.24x | 0.31x | - | - | - | 0.16x | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 281.92K | 439.85K | 439.85K | 590K | 590K | 690.92K | 690.92K | 183.89K | 182K | 182.47K | 182.47K | 159.58K | 114.02K | 0 | 0 | 33.32K | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 150.32M | 148.74M | 147.23M | 146.84M | 146.64M | 146.63M | 146.63M |
| Other Non-Current Assets | 13.27M | 1.06M | 1.06M | 2.04M | 2.04M | 0 | 0 | 0 | 1K | 224.5K | 224.5K | -148.74M | -147.23M | 3.59K | 36.62K | 69.66K | 133.96K |
| Total Assets | 25.03M | 17.22M | 17.22M | 20.38M | 20.38M | 25M | 25M | 40.21M | 31.7M | 31.7M | 150.5M | 40.88M | 32.68M | 147.47M | 147.42M | 38.99M | 147.53M |
| Asset Turnover | 0.73x | 0.42x | 0.38x | 0.25x | 0.23x | 0.17x | 0.13x | 0.29x | 0.01x | 0.05x | 0.05x | 0.17x | - | 0.03x | 0.05x | 0.04x | - |
| Asset Growth % | 45.41% | -31.15% | -31.15% | -49.32% | -35.72% | -21.13% | -83.39% | -1.63% | -2.97% | -78.5% | 2.1% | 4.85% | -77.85% | - | - | - | - |
| Total Current Liabilities | 10.93M | 11.16M | 11.16M | 6.77M | 6.77M | 15.51M | 15.51M | 17.5M | 13.34M | 0 | 3.37M | 15.87M | 14.8M | 1.86M | 1.49M | 10.42M | 49.74K |
| Accounts Payable | 1.96M | 1.93M | 1.93M | 1.65M | 1.65M | 2.06M | 2.06M | 2.8M | 3.56M | 0 | 0 | 0 | 3.14M | 0 | 0 | 0 | 19.74K |
| Days Payables Outstanding | 34.71 | 47.69 | 43.75 | 26.33 | 28.92 | 37.84 | 44.66 | 13.75 | -67.12 | - | - | - | - | - | - | - | - |
| Short-Term Debt | 2.44M | 4.12M | 4.12M | 0 | 4.56M | 9M | 9M | 10.45M | 6.1M | 0 | 0 | 7.29M | 7.36M | 0 | 0 | 5.64M | 0 |
| Deferred Revenue (Current) | 2.06M | 0 | 0 | 0 | 0 | 1.62M | 0 | 1.55M | 1.31M | 0 | 0 | 1.33M | 1.17M | 0 | 0 | 712.7K | 0 |
| Other Current Liabilities | 4.48M | 2M | 2M | 1.84M | -2.71M | 0 | 1.62M | 1.25M | 0 | 0 | 3.37M | 587.2K | 0 | 1.86M | 1.49M | 438.6K | 30K |
| Current Ratio | 0.78x | 0.98x | 0.98x | 1.69x | 1.69x | 0.91x | 0.91x | 1.47x | 0.94x | - | 0.05x | 1.29x | 0.85x | 0.34x | 0.49x | 1.73x | 15.55x |
| Quick Ratio | 0.60x | 0.79x | 0.79x | 1.39x | 1.39x | 0.77x | 0.77x | 1.34x | 0.66x | - | -1.03x | 1.10x | 0.69x | 0.34x | 0.49x | 1.64x | 15.55x |
| Cash Conversion Cycle | 5.18 | 13.5 | 21.21 | 22.19 | 8.64 | 9.34 | 28.88 | 28.57 | 839.03 | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 86.39M | 79.22M | 79.22M | 75.05M | 75.05M | 60.67M | 60.67M | 55.41M | 22.19M | 31.7M | 5.03M | 17.41M | 5.73M | 5.03M | 5.03M | 8.05M | 5.03M |
| Long-Term Debt | 85.91M | 78.87M | 78.87M | 74.67M | 74.67M | 60.15M | 60.15M | 54.8M | 21.46M | 0 | 0 | 16.38M | 4.14M | 0 | 0 | 7.41M | 0 |
| Capital Lease Obligations | 144.62K | 39.06K | 39.06K | 88K | 88K | 178.61K | 178.61K | 277.96K | 290K | 0 | 0 | 674.5K | 1.4M | 0 | 0 | 619.77K | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 341.21K | 316.58K | 316.58K | 290K | 290K | 336.4K | 336.4K | 325.86K | 439K | 31.7M | 5.03M | 357.23K | 193.15K | 5.03M | 5.03M | 17.98K | 5.03M |
| Total Liabilities | 97.33M | 90.38M | 90.38M | 81.82M | 81.82M | 76.18M | 76.18M | 72.91M | 35.52M | 31.7M | 8.4M | 33.28M | 20.53M | 6.89M | 6.52M | 18.47M | 5.08M |
| Total Debt | 88.49M | 83.42M | 83.42M | 75.25M | 79.8M | 69.6M | 69.6M | 65.94M | 28.39M | 0 | 0 | 26.5M | 15.25M | 0 | 0 | 14.33M | 0 |
| Net Debt | 83.72M | 79.21M | 79.21M | 70.1M | 74.65M | 60.64M | 60.64M | 46.52M | 24.43M | -3.97M | -142.76K | 16M | 10.45M | -496.26K | -601.68K | 1.11M | -645.85K |
| Debt / Equity | - | - | - | - | - | - | - | - | - | - | - | 3.49x | 1.26x | - | - | 0.70x | - |
| Debt / EBITDA | 62.78x | - | - | - | - | - | - | - | 3.60x | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 59.40x | - | - | - | - | - | - | - | 3.10x | - | - | - | - | - | - | - | - |
| Interest Coverage | 0.13x | -2.16x | -2.16x | -7.44x | -7.44x | - | - | -3.62x | - | - | - | -61.71x | - | - | - | -43.43x | - |
| Total Equity | -72.29M | -73.16M | -73.16M | -61.44M | -61.44M | -51.17M | -51.17M | -32.7M | -3.82M | 0 | 142.1M | 7.6M | 12.14M | 140.58M | 140.9M | 20.52M | 142.45M |
| Equity Growth % | 1.19% | -42.97% | -42.97% | -87.91% | -1508.82% | - | -136.01% | -530.25% | -131.45% | -100% | 0.86% | -62.96% | -91.48% | - | - | - | - |
| Book Value per Share | -0.84 | -0.99 | -0.99 | -1.05 | -1.05 | -0.89 | -0.89 | -0.49 | -0.06 | - | 4.11 | 0.26 | 0.34 | 4.08 | 4.08 | 0.58 | 3.96 |
| Total Shareholders' Equity | -72.29M | -73.16M | -73.16M | -61.44M | -61.44M | -51.17M | -51.17M | -32.7M | -3.82M | 0 | 142.1M | 7.6M | 12.14M | 140.58M | 140.9M | 20.52M | 142.45M |
| Common Stock | 8.61K | 7.77K | 7.77K | 6K | 6K | 5.86K | 5.86K | 5.7K | 51.28M | 0 | 147.45M | 4.41K | 90 | 143.96M | 143.75M | 90 | 143.75M |
| Retained Earnings | -188.36M | -158.77M | -158.77M | -139.49M | -139.49M | -87.48M | -87.48M | -65.61M | -51.18M | 0 | -5.34M | -39.18M | -34.24M | -3.38M | -2.85M | -24.94M | -1.3M |
| Treasury Stock | -367.63K | -195.44K | -195.44K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -7.56M | -7.56M | -7.56M | -7.56M | -7.56M | -7.56M | -7.56M | -7.56M | -7.56M | 0 | -7.56M | -7.56M | -7.56M | 0 | 0 | -7.22M | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |