MRT

Marti Technologies Inc

2.06

Oct 28 • 3:59 PM ET +0.12 (6.19%)

2.06

Aftermarket • 5:00 PM ET +0.00 (0.17%)

Technology Software - Application Turkey Micro AMEX

Today, 6:35 AMMarti Technologies expands ride-hailing to 40 Turkish cities covering ~90% of Türkiye’s GDP

Peers: UBER LYFT RYDE GRAB LIME HTZ HEPS CAR DASH TKC

Scroll to Statements

Index	-
Market Cap	177.24M
Enterprise Value	271.73M
Income	-41.45M
Sales	39.24M
Book/sh	-0.96
Cash/sh	0.15
Dividend Est.	-
Dividend TTM	-
Dividend Ex-Date	-
Dividend Gr. 3/5Y	- -
Payout	-
Employees	473
IPO	Aug 30, 2021

P/E	-
Forward P/E	28.09
PEG	-
P/S	4.52
P/B	-
P/C	14.18
P/FCF	-
EV/EBITDA	-
EV/Sales	6.92
Quick Ratio	1.12
Current Ratio	1.26
Debt/Eq	-
LT Debt/Eq	-
Option/Short	No / Yes

EPS (ttm)	-0.53
EPS next Y	0.07
EPS next Q	-0.04
EPS this Y	42.77%
EPS next Y	124.18%
EPS next 5Y	-
EPS past 3/5Y	-21.88% -83.53%
Sales past 3/5Y	16.24% -
EPS Y/Y TTM	57.62%
Sales Y/Y TTM	110.30%
EPS Q/Q	-313.39%
Sales Q/Q	-
Earnings	Aug 19 BMO
EPS/Sales Surpr.	-130.77% 8.56%

Insider Own	66.16%
Insider Trans	-2.32%
Inst Own	22.56%
Inst Trans	5.64%
ROA	-165.19%
ROE	-
ROIC	-221.29%
Gross Margin	59.85%
Oper. Margin	-50.57%
Profit Margin	-105.62%
SMA20	8.68%
SMA50	2.32%
SMA200	5.62%
Trades

Shs Outstand	86.93M
Shs Float	29.11M
Short Float	0.28%
Short Ratio	1.67
Short Interest	0.08M
52W High	2.75 -25.09%
52W Low	1.12 83.93%
Volatility	8.21% 6.30%
ATR (14)	0.14
RSI (14)	58.95
Beta	0.39
Rel Volume	2.07
Avg Volume	48.72K
Volume	100,975

Perf Week	5.64%
Perf Month	5.10%
Perf Quarter	17.71%
Perf Half Y	0.49%
Perf YTD	-13.08%
Perf Year	-13.08%
Perf 3Y	315.66%
Perf 5Y	-79.18%
Perf 10Y	-
Recom	1.40
Target Price	5.04
Prev Close	1.94
Price	2.06
Change %	6.19%

Date	Action	Analyst	Rating Change	Price Target Change
Jul-02-26	Initiated	Alliance Global Partners	Buy	$4
May-05-25	Initiated	The Benchmark Company	Buy	$5
May-05-25	Initiated	Roth Capital	Buy	$5.75
Jan-07-25	Downgrade	Cantor Fitzgerald	Overweight → Neutral	$3

Today 06:30AM	Marti Technologies Expands Ride-Hailing Service to 40 Cities Across Turkiye (Business Wire) +6.19%
Sep-10-26 06:00AM	Marti Increases Share Repurchase Authorization to $5 Million and Extends Program Through April 2027 (Business Wire)
Sep-03-26 06:30AM	Marti's Ride-Hailing Service Reaches 4.90 Million Riders and 584 Thousand Registered Drivers, Exceeding September 30, 2026 Targets a Month Earlier Than Planned (Business Wire)
Aug-19-26 08:40AM	Marti Technologies Shares Rise After Revenue Beat and Higher Guidance (InvestorsHub)
06:54AM	Marti Achieves Record Second Quarter with 141% Revenue Growth, 77% Gross Profit Margin, Significant Improvement in Profitability, and Increased Guidance (Business Wire)
06:00AM	Loading…
Aug-17-26 06:00AM	Marti Technologies, Inc. to Report 2026 Second Quarter Results on August 19, 2026 (Business Wire)
Aug-12-26 06:00AM	Marti Technologies Launches Ride-Hailing Service in 10 New Cities Across Turkiye (Business Wire)
Jul-30-26 06:00AM	Marti Technologies Increases Fiscal Year 2026 Guidance on Accelerating Growth and Margin Expansion (Business Wire)
Jul-14-26 06:25AM	Marti and Tensor Partner to Deploy Autonomous Vehicles in Turkiye (Business Wire)
Jul-13-26 03:00AM	Marti and Tensor Partner to Deploy Autonomous Vehicles in Turkiye (Business Wire) +6.06%
Jun-29-26 08:28AM	Marti Technologies Provides Update on Its Share Repurchase Program (Business Wire) -13.82%
Jun-12-26 06:30AM	Marti's Ride-Hailing Service Reaches 4.30 Million Riders and 532 Thousand Registered Drivers, Exceeding June 30, 2026 Targets (Business Wire) -6.08%
May-21-26 07:00PM	Marti Technologies Inc (MRT) Q1 2026 Earnings Call Highlights: Impressive Revenue Surge and ... (GuruFocus.com)
06:00AM	Marti Delivers 156% Revenue Growth, 72% Gross Profit Margin in First Quarter 2026, with Significant Improvement in Profitability; Reaffirms Guidance (Business Wire)
May-18-26 06:00AM	Marti Technologies, Inc. to Report 2026 First Quarter Results on May 21, 2026 (Business Wire)
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Apr-27-26 06:00AM	Marti Announces a New Share Repurchase Program (Business Wire)
Apr-15-26 04:15PM	Marti Technologies, Inc. Files Annual Report on Form 20-F for Fiscal Year 2025 (Business Wire)
Apr-14-26 03:00AM	Marti Technologies Inc (MRT) (Full Year 2025) Earnings Call Highlights: Record Revenue Growth ... (GuruFocus.com)
Apr-13-26 06:46AM	Marti Revenue Increases 110%, Delivers 61% Gross Profit Margin for Full-Year 2025 (Business Wire)
Apr-10-26 05:00AM	Marti Technologies, Inc. to Report 2025 Fiscal Year Results on April 13, 2026 (Business Wire)
Mar-18-26 06:39AM	Marti's Ride-Hailing Service Reaches 3.80 Million Riders and 490 Thousand Registered Drivers, Exceeding March 31, 2026 Targets (Business Wire)
Mar-09-26 06:00AM	Marti Launches Shareholder Loyalty Program (Business Wire)
Sep-24-25 11:00AM	Marti Technologies Inc (MRT) Half Year 2025 Earnings Call Highlights: Strong Revenue Growth ... (GuruFocus.com)
Aug-28-25 02:05PM	Ex-Eagle Ford, Austin Chalk Operator Plans SPAC (Hart Energy)
Aug-14-25 06:00AM	Martis Ride-Hailing Service Reaches 2.52 Million Riders and 357 Thousand Registered Drivers, Exceeding September 30, 2025 Targets (Business Wire)
Jul-01-25 06:30AM	Marti Announces 2025 and 2026 Investment Plan (Business Wire)
Jun-16-25 06:00AM	Marti Appoints President, Cankut Durgun, to Additional Role of Chief Operating Officer (Business Wire)
Jun-06-25 06:30AM	Martis Ride-Hailing Service Reaches 2.15 Million Riders and 314 Thousand Registered Drivers, Exceeding June 30, 2025 Targets a Month Earlier Than Planned (Business Wire)
May-28-25 06:00AM	Marti Technologies, Inc. Files Annual Report on Form 20-F for Fiscal Year 2024 (Business Wire)
May-19-25 04:30PM	Marti Technologies, Inc. Appoints Cenk Özeker as New Chief Financial Officer, Adding 25 Years of International Finance Experience (Business Wire) -7.23%
03:10AM	Loading…
Apr-30-25 03:10AM	Marti Technologies Inc (MRT) (FY 2024) Earnings Call Highlights: Surpassing Revenue ... (GuruFocus.com)
Apr-29-25 11:38AM	Marti Technologies, Inc. (MRT) Q4 2024 Earnings Call Transcript (Seeking Alpha)
09:04AM	Marti Announces 2024 Full Year Results (Business Wire)
Apr-27-25 04:41PM	Marti Technologies, Inc. (MRT): Among the Best Ride Sharing Stocks to Buy (Insider Monkey)
Apr-25-25 08:11PM	Marti Technologies, Inc. to Report Full Year 2024 Results on April 29, 2025 (Business Wire)
Mar-26-25 08:24AM	Martis Ride-Hailing Service Reaches 1.91 Million Riders and 290 Thousand Registered Drivers, Exceeding March 31, 2025 Targets of 1.90 Million Riders and 290 Thousand Registered Drivers (Business Wire)
Mar-24-25 05:00PM	Marti Announces Amendment to Extend its Share Repurchase Program (Business Wire) +25.78% -8.59%
Jan-15-25 06:00AM	Marti Launches Safety Academy to Prioritize Rider Safety and Promote Sustainable Mobility (Business Wire) +5.73%
Jan-06-25 06:00AM	Martis Ride-Hailing Service Introduces Dynamic Pricing to Improve Rider Experience, Increase Driver Earnings, and Increase Company Revenue (Business Wire)
Dec-20-24 06:00AM	Marti Announces Election of Alex Spiro to Its Board of Directors (Business Wire)
Dec-16-24 06:00AM	Martis Ride-Hailing Service Reaches 1.61 Million Riders and 255 Thousand Registered Drivers, Exceeding December 31, 2024 Targets of 1.60 Million Riders and 245 Thousand Registered Drivers Half a Month Earlier Than Planned (Business Wire) -7.64%
Dec-13-24 07:49AM	Sachem Capital Corp. Announces Chief Financial Officer Transition (GlobeNewswire)
Dec-02-24 06:32AM	Marti Expects to Reach Positive Free Cash Flow in 2025 (Business Wire) -7.02%
Nov-05-24 08:31AM	Marti Releases 2023 Sustainability Report (Business Wire)
Nov-01-24 05:00PM	Marti Technologies, Inc. Appoints New Interim Chief Financial Officer (Business Wire) +5.53%
Oct-09-24 06:00AM	Marti Announces Amendment to Extend its Share Repurchase Program (Business Wire)
Oct-07-24 07:00AM	Marti Begins Monetizing its Ride-Hailing Service (Business Wire) +6.62%
Sep-30-24 07:00AM	Marti Announces 2024 First Half Results (Business Wire)
Sep-26-24 06:18PM	Marti Technologies, Inc. to Report 2024 First Half Results on September 30, 2024 (Business Wire)
Sep-03-24 07:00AM	Martis Ride-Hailing Service Reaches Over 1,300,000 Riders and Over 205,000 Registered Drivers, Exceeding September 30, 2024 Targets of Over 1,300,000 Riders and Over 190,000 Registered Drivers a Month Earlier Than Planned (Business Wire)
Aug-26-24 07:00AM	Sachem Capital Corp. Announces Appointment of Jeffery C. Walraven to the Board of Directors (GlobeNewswire) -5.98%
Aug-19-24 07:00AM	Türkiyes Ministry of Treasury and Finance Issues Ruling Enabling Ride-Hailing Drivers to Pay Taxes on Income Earned from Ride-Hailing Platforms (Business Wire)
Jul-01-24 07:30AM	Martis Ride-Hailing Service Reaches Over 1,100,000 Riders and Over 170,000 Registered Drivers, Exceeding June 30, 2024 Targets of Over 1,000,000 Riders and Over 165,000 Registered Drivers (Business Wire)
May-21-24 07:00AM	Martis Ride-Hailing Service Reaches Over 925,000 Riders and Over 155,000 Registered Drivers, Exceeding June 30, 2024 Targets a Month and a Half Earlier Than Planned (Business Wire)
May-17-24 07:00AM	Marti Technologies, Inc. Appoints New Chief Financial Officer (Business Wire)
Apr-25-24 08:16AM	Marti Announces Amendment to up to $2.5M Share Repurchase Program (Business Wire) -6.54%
Apr-24-24 09:37AM	Martis Ride-Hailing Service Reaches Over 788,000 Riders and Over 145,000 Registered Drivers (Business Wire) +6.99%
Apr-16-24 09:09AM	Marti Announces Full Year 2023 Results (Business Wire) +12.31%
Apr-12-24 04:21PM	Marti Technologies, Inc. to Report Full Year 2023 Results on April 16, 2024 (Business Wire)
Feb-28-24 08:00AM	Marti Launches Taxi-Hailing Service as Its Sixth Urban Transportation Modality (Business Wire)
Feb-05-24 07:00AM	Marti Acquires Zobas AI-Powered Optimization Platform to Increase Ridership and Reduce Operational Costs (Business Wire) -7.48%
Jan-29-24 07:00AM	Marti introduces multi-modal subscription packages to increase rider usage and improve the operational efficiency of its two-wheeled electric vehicle business (Business Wire)
Jan-16-24 08:47AM	Sidoti Events, LLC's Virtual January Micro-Cap Conference (ACCESSWIRE)
Jan-10-24 04:09PM	Marti Announces up to $2.5M Share Repurchase Program (Business Wire) +8.90%
Jan-05-24 07:00AM	Marti Announces Completion of Redemption of Outstanding Warrants (Business Wire)
Dec-20-23 07:57AM	Marti Announces Expiration and Results of the Offer to Purchase and Consent Solicitation Relating to its Warrants and Issues Notice of Redemption with Respect to its Outstanding Warrants (Business Wire)
Dec-18-23 02:09AM	Marti Warrant Holders Reminded to Tender Warrants Before 12:00 Midnight, Eastern Time on December 19, 2023 (Business Wire) -11.78%
Dec-12-23 11:54AM	Martis Ride-Hailing Service Reaches Over 452,000 Riders and Over 100,000 Registered Drivers, Once Again Exceeding Revised 2023 Year End Targets Half a Month Earlier Than Planned (Business Wire)
Nov-21-23 05:14PM	Marti Announces Commencement of an Offer to Purchase and Consent Solicitation Relating to its Warrants (Business Wire) +10.44%
Nov-16-23 08:17AM	Martis NYSE Public Listing Recognized as International Equity Capital Markets Deal of the Year in CEE, CIS & Türkiyes Capital Markets (Business Wire)
Nov-14-23 02:17PM	Martis Ride Hailing Service Reaches Over 380,000 Riders and Over 90,000 Registered Drivers, Exceeding 2023 Year End Targets a Month and a Half Earlier Than Planned (Business Wire)
Nov-07-23 08:00AM	Marti Completes Deployment of 4,000 New Custom Designed E-mopeds Supporting its Sustainability Targets (Business Wire)
Oct-19-23 08:00AM	Marti Technologies, Inc. Announces Chief Financial Officer Transition (Business Wire) -8.23%
Oct-13-23 08:00AM	Marti Reports 2023 First Half Results; Investing in Scaling Ride-Hailing (Business Wire) -8.52%
Oct-12-23 04:25PM	Marti Technologies Inc. to Report 2023 First Half Results on October 13, 2023 (Business Wire)
Sep-05-23 09:00AM	Marti Releases First Sustainability Report (Business Wire)
Jul-11-23 07:22PM	Turkeys Marti Technologies Lists on NYSE, Unleashing Mobility Innovation (Exec Edge) -44.08% -32.67%
Jul-10-23 04:02PM	Galata Acquisition Corp. Announces Cancellation of Extraordinary General Meeting (Business Wire) -27.50%
04:01PM	Galata and Marti Complete Business Combination (Business Wire)
Jul-07-23 08:30AM	Galata Acquisition Corp. and Marti Technologies Inc. Announce Shareholder Approval of Business Combination (Business Wire) +49.95%
Jun-30-23 08:30AM	Galata Acquisition Corp. Announces Updates to Its Proxy Statement/Prospectus and Extraordinary General Meeting in Connection with Its Proposed Business Combination with Marti Technologies Inc. (Business Wire)
May-26-23 01:55PM	Marti Reports Solid Fourth Quarter 2022 Performance; Introduces Car-pooling Service Pilot (Business Wire)
Oct-26-22 05:46PM	Marti Reports Strong Third Quarter 2022 Financial Results (Business Wire)
Aug-01-22 09:10AM	Turkey's Leading Mobility App Looks To Go Public Via SPAC Merger With Galata Acquisition (Benzinga)
08:00AM	Marti, Turkeys Leading Mobility App, to Go Public via a Merger with Galata Acquisition Corp. (Business Wire)

Show Previous News

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Freifeld Daniel	Director	May 18 '26	Sale	2.04	500,000	1,020,000	6,967,715	Oct 02 04:32 PM
Freifeld Daniel	Director	Jun 15 '26	Sale	1.70	500,000	850,000	6,467,715	Oct 02 04:32 PM
Freifeld Daniel	Director	Sep 09 '26	Sale	2.02	350,000	707,000	6,117,715	Oct 02 04:32 PM

Marti Technologies, Inc. engages in the provision of tech-enabled urban transportation services to riders across Turkiye. It operates through the Two-Wheeled Electric Vehicle & Ride-Hailing segments. The Two-Wheeled Electric Vehicle Rentals segment includes electric scooter, electric bike, and electric moped rental services. The Ride-Hailing segment focuses on the service which matches riders with drivers traveling in the same direction to share car and motorcycle rides. The company was founded by Cankut Durgun and Oguz Alper Oktem in 2018 and is headquartered in Istanbul, Turkey.

FounderMr. Oguz Alper Oktem

Co-FounderMr. Cankut Durgun

Chief Financial OfficerMr. Cenk Ozeker

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MRT

Marti Technologies Inc

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