Marti Technologies (MRT) Company Report

Marti Technologies, Inc. announced the launch of same-hour package delivery services on October 27, 2025.
This new service will leverage Marti's existing network of 382,000 registered drivers and 6.4 million unique users.
The urban package delivery market in T\u00fcrkiye represents an estimated $400 million annual revenue opportunity.
The service will initially operate in Istanbul, with plans to expand to other major cities across T\u00fcrkiye.

Oct 27, 2025, 8:15 PM

Marti Extends Share Repurchase Program

MRT

Share Buyback

Marti Technologies, Inc. (Marti) announced a six-month extension to its share repurchase program.
The program authorizes the repurchase of up to $2.5 million of its outstanding Class A ordinary shares.
The extended program is valid until April 9, 2026, and maintains a ceiling price of up to $6.00 per share.
As of October 1, 2025, Marti's share price was $2.00.

Oct 2, 2025, 10:17 AM

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

MRT

Earnings

Revenue Acceleration/Inflection

Debt Issuance

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.
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%.
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.
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.
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.

Sep 22, 2025, 9:11 PM

Marti Technologies, Inc. Announces First Half 2025 Results

MRT

Earnings

Guidance Update

Debt Issuance

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).
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.
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.
In April 2025, Marti secured up to $23.0 million through a Convertible Notes subscription agreement to finance its growth plans.
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.

Sep 22, 2025, 1:07 PM

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

MRT

Earnings

Guidance Update

Revenue Acceleration/Inflection

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.
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.
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.
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.