Marti Technologies, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $168.4M
- Price
- $1.96
- % Change (Daily % change from the live per-ticker quote feed.)
- -2.00%
- Volume
- 158.4K
About
Marti Technologies Inc. (MRT), headquartered in Istanbul, Turkey, specializes in urban mobility. The company provides city-dwellers across Turkey with a range of transportation solutions via its proprietary mobile application. This platform offers access to a diverse fleet of shared electric vehicles, including e-mopeds, e-bikes, and e-scooters. Marti Technologies was established in 2018.
Quick stats
Shares outstanding85.9M
Computed float34.7M
Float / shares40.4%
Key info
SectorTechnology
IndustrySoftware - Application
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001852767
Websitehttps://www.marti.tech
AI Summary
AI-generated1/29
majorbullishearnings
Marti Achieves Record Second Quarter with 141% Revenue Growth, 77% Gross Profit Margin, Significant Improvement in Profitability, and Increased Guidance
Marti Technologies reported record Q2 revenue of $20.0 million, up 141% year-over-year, and achieved its first quarter of positive Adjusted EBITDA at $2.9 million.
Gross profit margin expanded to 77%, driven by platform monetization and operating leverage, leading the company to raise full-year 2026 guidance to $85 million in revenue and $7 million in Adjusted EBITDA.
Operational scale accelerated with total trips growing 73% to 18.8 million and unique consumers increasing 76% to 2.4 million.
Red flags
- Company revised definition of Adjusted EBITDA to exclude debt extinguishment and fair value gains on derivatives
- Total liabilities ($116.2 million) significantly exceed total assets ($32.4 million)
- Net loss of $12.5 million included a one-time $8.3 million non-cash loss on debt extinguishment