MRT · Marti Technologies, Inc.

Marti Technologies delivered transformative FY2025 results, with revenue surging 110% YoY to $39.2M, surpassing guidance by 15% through successful platform monetization via subscription packages launched in October 2024 and strong ride-hailing growth. Unique ride-hailing riders doubled to 3.38M and drivers rose 72% to 450K, fueled by expansion to 20 markets covering 80% of Türkiye's GDP. Gross profit margin swung dramatically from -15% to 61%, driven by a 29% YoY decline in cost of revenues to $15.3M from operational efficiencies and AI-enabled reductions, resulting in $24M gross profit. Adjusted EBITDA improved 37% to $(12.1)M, beating targets, while net loss halved to $41.4M, with G&A expenses dropping 43% partly due to lower share-based compensation. CEO Oguz Alper Oktem highlighted the model's scalability, with revenue growing faster than costs, and introduction of same-hour delivery services leveraging existing infrastructure. For FY2026, Marti reaffirmed $70M revenue (78% growth) and $1.0M positive Adjusted EBITDA guidance, targeting 4.3M riders and 530K drivers by mid-year, signaling a path to sustained profitability amid nationwide expansion beyond Istanbul.