Daniel Bernstein

Michael Carroll

Bryan Maher

Jonathan Hughes

Jordan Saddler

Jordan Sadler

Michael Mueller

Smedes Rose

Matthew Boone

Michael Bilerman

Mike Mueller

Mike Muller

- Marti Technologies, Inc. (Marti) announced a **six-month extension** to its share repurchase program.  **[1852767_0001213900-25-094954_ea0259719-6k_marti.htm:0]** **[1852767_0001213900-25-094954_ea025971901ex99-1_marti.htm:0]** 
- The program authorizes the repurchase of up to **$2.5 million** of its outstanding Class A ordinary shares.  **[1852767_0001213900-25-094954_ea0259719-6k_marti.htm:0]** **[1852767_0001213900-25-094954_ea025971901ex99-1_marti.htm:0]** 
- The extended program is valid until **April 9, 2026**, and maintains a ceiling price of up to **$6.00 per share**.  **[1852767_0001213900-25-094954_ea0259719-6k_marti.htm:0]** **[1852767_0001213900-25-094954_ea025971901ex99-1_marti.htm:0]** 
- As of October 1, 2025, Marti's share price was **$2.00**.  **[1852767_0001213900-25-094954_ea025971901ex99-1_marti.htm:0]**

Marti Extends Share Repurchase Program

- Marti Technologies, Inc. reported a **70.4% increase in revenue** to **$14.3 million** for the six months ended June 30, 2025, primarily driven by the monetization of its ride-hailing service, which began in October 2024.  **[1852767_0001213900-25-090177_ea025817701ex99-1_martitech.htm:4]** 
- The company's gross profit significantly improved, increasing by **$8.4 million** from a loss of **$(1.5) million** in the first half of 2024 to a profit of **$7.0 million** in the first half of 2025, with the gross profit margin rising from **(17.6)% to 48.6%**.  **[1852767_0001213900-25-090177_ea025817701ex99-1_martitech.htm:4]** **[1852767_0001213900-25-090177_ea025817701ex99-1_martitech.htm:5]** 
- Operational metrics showed growth, with **total rides increasing by 40.9%** to **19.23 million** and **total unique riders increasing by 21.3%** to **1.69 million** for the six months ended June 30, 2025.  **[1852767_0001213900-25-090177_ea025817701ex99-1_martitech.htm:5]** **[1852767_0001213900-25-090177_ea025817701ex99-1_martitech.htm:7]** 
- Net cash used in operating activities decreased to **$5.0 million** for the six months ended June 30, 2025, from **$10.5 million** in the prior year period, while net loss improved to **$19.3 million** from **$21.9 million**.  **[1852767_0001213900-25-090177_ea025817701ex99-1_martitech.htm:3]** **[1852767_0001213900-25-090177_ea025817701ex99-1_martitech.htm:4]** **[1852767_0001213900-25-090177_ea025817701ex99-1_martitech.htm:12]** 
- The company generated **$4.5 million** in financing activities for the six months ended June 30, 2025, largely due to the issuance of **$8.4 million** in convertible notes.  **[1852767_0001213900-25-090177_ea025817701ex99-1_martitech.htm:3]** **[1852767_0001213900-25-090177_ea025817701ex99-1_martitech.htm:12]**

Marti Technologies, Inc. Reports Q2 2025 Half-Year Results

- Marti Technologies, Inc. reported **$14.3 million in revenue** for the first half of 2025, marking a **70% increase year-over-year**, with a **net loss of $19.3 million** (narrowed by **12% YoY**) and **Adjusted EBITDA of $(6.0) million** (narrowed by **47% YoY**).  **[1852767_0001213900-25-089853_ea025818201ex99-1_marti.htm:0]** 
- The company is **on track** to achieve its **full-year 2025 guidance** of **$34.0 million in revenue** and **$(17.0) million in Adjusted EBITDA**.  **[1852767_0001213900-25-089853_ea025818201ex99-1_marti.htm:0]** **[1852767_0001213900-25-089853_ea025818201ex99-1_marti.htm:2]** 
- Marti's ride-hailing service demonstrated strong growth, reaching **2.28 million unique riders** and **327 thousand registered drivers** as of June 30, 2025, and expanded operations into **six new cities**.  **[1852767_0001213900-25-089853_ea025818201ex99-1_marti.htm:0]** **[1852767_0001213900-25-089853_ea025818201ex99-1_marti.htm:1]** 
- In April 2025, Marti secured up to **$23.0 million** through a **Convertible Notes subscription agreement** to finance its growth plans.  **[1852767_0001213900-25-089853_ea025818201ex99-1_marti.htm:2]** 
- The company also has an active **share repurchase program** allowing for the purchase of up to **$2.5 million** of its ordinary shares through **October 2025**.  **[1852767_0001213900-25-089853_ea025818201ex99-1_marti.htm:2]**

Marti Technologies, Inc. Announces First Half 2025 Results

- Marti Technologies reported **H1 2025 revenue of $14.326 million**, marking a **70.4% increase** from H1 2024, primarily due to the monetization of its ride-hailing service.  **[1852767_2152106:12]** **[1852767_2152106:13]** 
- The company is on track to almost **double its revenue to $34.0 million for FY 2025** and anticipates an improved Adjusted EBITDA of **$(17.0) million** for the full year, compared to $(19.3) million in 2024.  **[1852767_2152106:7]** **[1852767_2152106:12]** 
- Operational efficiency projects resulted in a **25.5% reduction in cost of revenues** and an improved gross profit margin of **49%** in H1 2025, up from -18% in H1 2024.  **[1852767_2152106:11]** **[1852767_2152106:12]** 
- Marti's ride-hailing service demonstrated strong growth, with **unique riders increasing by 107.2% to 2.28 million** and **registered drivers growing by 91.9% to 327 thousand** in H1 2025 compared to H1 2024.  **[1852767_2152106:12]**

Marti Technologies Accelerates Financial Performance in H1 2025, Driven by Ride-hailing

Marti Technologies (MRT)