Symbols / MRT $2.00 -0.99% Marti Technologies, Inc.

Technology • Software - Application • Turkey • ASE
MRT Chart
About

Marti Technologies, Inc. provides tech-enabled urban transportation services to riders in Turkey. It also operates a mobility app that provides multiple transportation services, such as a ride hailing service that matches riders with car, motorcycle, and taxi drivers, as well as operates a fleet of e-mopeds, e-bikes, and e-scooters. In addition, the company offers driver subscription package, which enables riders to purchase the Marti rides in advance by daily or weekly. The company was founded in 2018 and is headquartered in Istanbul, Turkey.

Fundamentals
Scroll to Statements
Sector Technology Industry Software - Application Market Cap 157.42M
Enterprise Value 234.50M Income -71.29M Sales 24.58M
Book/sh -0.94 Cash/sh 0.05 Dividend Yield —
Payout 0.00% Employees 442 IPO —
P/E — Forward P/E -8.00 PEG —
P/S 6.40 P/B -2.12 P/C —
EV/EBITDA -4.35 EV/Sales 9.54 Quick Ratio 0.45
Current Ratio 0.98 Debt/Eq — LT Debt/Eq —
EPS (ttm) -1.13 EPS next Y -0.25 EPS Growth —
Revenue Growth 70.40% Earnings 2026-04-22 ROA -177.80%
ROE — ROIC — Gross Margin 22.82%
Oper. Margin -87.52% Profit Margin -290.07% Shs Outstand 78.71M
Shs Float 19.01M Short Float 0.34% Short Ratio 8.17
Short Interest — 52W High 3.70 52W Low 1.97
Beta 0.32 Avg Volume 28.49K Volume 13.04K
Target Price $5.00 Recom None Prev Close $2.02
Price $2.00 Change -0.99%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$5.00
Mean price target
2. Current target
$2.00
Latest analyst target
3. DCF / Fair value
$-0.60
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.00
Low
$3.00
High
$6.00
Mean
$5.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-05-05 init Benchmark — → Buy $5
2025-04-14 init Litchfield Hills — → Buy $7
2023-11-29 init Cantor Fitzgerald — → Overweight $1
News
RSS: Latest MRT news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2019-01-31 BLUEMOUNTAIN CAPITAL MANAGEMENT, L.L.C. Beneficial Owner of more than 10% of a Class of Security — 75,261 $11.45 $865,838
2019-01-30 BLUEMOUNTAIN CAPITAL MANAGEMENT, L.L.C. Unknown — 216,902 $11.24 $2,454,088
2019-01-28 BLUEMOUNTAIN CAPITAL MANAGEMENT, L.L.C. Unknown — 134,126 $11.10 $1,492,461
2019-01-24 BLUEMOUNTAIN CAPITAL MANAGEMENT, L.L.C. Beneficial Owner of more than 10% of a Class of Security — 362,699 $10.85 $3,969,220
2019-01-22 BLUEMOUNTAIN CAPITAL MANAGEMENT, L.L.C. Unknown — 139,235 $10.80 $1,513,293
2019-01-17 BLUEMOUNTAIN CAPITAL MANAGEMENT, L.L.C. Unknown — 304,493 $10.77 $3,303,067
2019-01-15 BLUEMOUNTAIN CAPITAL MANAGEMENT, L.L.C. Unknown — 210,000 $10.50 $2,236,100
2019-01-11 BLUEMOUNTAIN CAPITAL MANAGEMENT, L.L.C. Director — 255,000 $10.45 $2,692,150
2018-12-06 BLUEMOUNTAIN CAPITAL MANAGEMENT, L.L.C. Unknown — 4,617 $6.67 $30,795
2018-12-04 BLUEMOUNTAIN CAPITAL MANAGEMENT, L.L.C. Unknown — 13,346 $6.85 $91,954
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Revenue
18.66
-6.84%
20.03
-19.84%
24.99
+46.99%
17.00
Operating Revenue
19.76
-5.36%
20.88
-22.17%
26.83
+48.40%
18.08
Cost Of Revenue
65.87
+100.34%
32.88
-0.27%
32.97
+63.94%
20.11
Reconciled Cost Of Revenue
57.72
+145.44%
23.52
-4.06%
24.51
+64.44%
14.91
Gross Profit
-47.21
-267.38%
-12.85
-61.03%
-7.98
-156.52%
-3.11
Operating Expense
16.24
+5.19%
15.43
+128.08%
6.77
+15.26%
5.87
Research And Development
1.96
+0.42%
1.95
+4.10%
1.88
+80.82%
1.04
Selling General And Administration
13.71
+8.31%
12.66
+206.27%
4.13
+20.17%
3.44
Selling And Marketing Expense
5.17
+19.43%
4.33
+194.90%
1.47
+24.64%
1.18
General And Administrative Expense
8.54
+2.53%
8.33
+212.53%
2.66
+17.84%
2.26
Salaries And Wages
—
8.28
+40.88%
5.88
+86.25%
3.15
Other Gand A
7.84
-1.96%
8.00
+200.22%
2.66
+17.84%
2.26
Other Operating Expenses
—
0.03
-58.71%
0.08
-86.78%
0.59
Total Expenses
82.11
+69.95%
48.31
+21.59%
39.74
+52.94%
25.98
Operating Income
-63.45
-124.32%
-28.28
-91.80%
-14.75
-64.19%
-8.98
Total Operating Income As Reported
-65.31
-113.41%
-30.60
-105.65%
-14.88
-64.38%
-9.05
EBITDA
-55.21
-224.23%
-17.03
-421.69%
-3.26
+56.47%
-7.50
Normalized EBITDA
-56.03
-200.07%
-18.67
-244.10%
-5.43
-60.66%
-3.38
Reconciled Depreciation
8.69
-13.47%
10.04
+10.42%
9.10
+66.21%
5.47
EBIT
-63.90
-136.04%
-27.07
-119.02%
-12.36
+4.71%
-12.97
Total Unusual Items
0.82
-50.08%
1.65
-23.93%
2.16
+152.48%
-4.12
Total Unusual Items Excluding Goodwill
0.82
-50.08%
1.65
-23.93%
2.16
+152.48%
-4.12
Special Income Charges
0.42
+139.26%
-1.08
-517.21%
-0.18
-397.74%
-0.04
Other Special Charges
-0.42
-150.17%
0.85
+382.98%
0.18
+397.74%
0.04
Net Income
-73.88
-118.49%
-33.81
-137.36%
-14.25
+1.57%
-14.47
Pretax Income
-73.88
-118.49%
-33.81
-137.36%
-14.25
-4.87%
-13.58
Net Non Operating Interest Income Expense
-8.97
-51.03%
-5.94
-248.75%
-1.70
-281.63%
-0.45
Interest Expense Non Operating
9.98
+47.99%
6.74
+257.68%
1.88
+207.53%
0.61
Net Interest Income
-8.97
-51.03%
-5.94
-248.75%
-1.70
-281.63%
-0.45
Interest Expense
9.98
+47.99%
6.74
+257.68%
1.88
+207.53%
0.61
Interest Income Non Operating
1.01
+21.74%
0.83
+262.48%
0.23
+27.20%
0.18
Interest Income
1.01
+21.74%
0.83
+262.48%
0.23
+27.20%
0.18
Other Income Expense
-1.46
-459.23%
0.41
-81.50%
2.20
+153.02%
-4.16
Other Non Operating Income Expenses
-2.29
-84.79%
-1.24
-3089.84%
0.04
+216.25%
-0.04
Gain On Sale Of Security
0.40
-85.45%
2.73
+16.62%
2.34
+157.22%
-4.09
Tax Provision
0.00
0.00
0.00
-100.00%
0.89
Tax Rate For Calcs
0.00
0.00
0.00
-100.00%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
+100.00%
-0.82
Net Income Including Noncontrolling Interests
-73.88
-118.49%
-33.81
-137.36%
-14.25
+1.57%
-14.47
Net Income From Continuing Operation Net Minority Interest
-73.88
-118.49%
-33.81
-137.36%
-14.25
+1.57%
-14.47
Net Income From Continuing And Discontinued Operation
-73.88
-118.49%
-33.81
-137.36%
-14.25
+1.57%
-14.47
Net Income Continuous Operations
-73.88
-118.49%
-33.81
-137.36%
-14.25
+1.57%
-14.47
Normalized Income
-74.70
-110.67%
-35.46
-116.11%
-16.41
-46.83%
-11.18
Net Income Common Stockholders
-73.88
-118.49%
-33.81
-137.36%
-14.25
+1.57%
-14.47
Diluted EPS
-1.17
-74.28%
-0.67
-109.38%
-0.32
+2.47%
-0.33
Basic EPS
-1.17
-74.28%
-0.67
-109.38%
-0.32
+2.47%
-0.33
Basic Average Shares
63.27
+25.10%
50.58
+14.66%
44.11
+0.00%
44.11
Diluted Average Shares
63.27
+25.10%
50.58
+14.66%
44.11
+0.00%
44.11
Diluted NI Availto Com Stockholders
-73.88
-118.49%
-33.81
-137.36%
-14.25
+1.57%
-14.47
Depreciation Amortization Depletion Income Statement
0.54
-20.97%
0.68
+6.30%
0.64
+137.84%
0.27
Depreciation And Amortization In Income Statement
0.54
-20.97%
0.68
+6.30%
0.64
+137.84%
0.27
Gain On Sale Of PPE
0.00
+100.00%
-0.24
0.00
0.00
Insurance And Claims
0.53
+61.56%
0.33
0.00
0.00
Other Taxes
0.03
-75.96%
0.11
+189.70%
0.04
-92.89%
0.53
Rent And Landing Fees
0.17
0.00
0.00
—
Rent Expense Supplemental
1.89
-24.98%
2.52
-28.98%
3.55
+146.30%
1.44
Total Other Finance Cost
0.00
-89.78%
0.03
-41.51%
0.05
+248.20%
0.01
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Assets
20.38
-49.32%
40.21
-1.63%
40.88
+4.85%
38.99
Current Assets
11.42
-55.56%
25.70
+25.62%
20.46
+13.81%
17.97
Cash Cash Equivalents And Short Term Investments
5.15
-73.49%
19.42
+85.03%
10.50
-20.57%
13.22
Cash And Cash Equivalents
5.15
-73.49%
19.42
+85.03%
10.50
-20.57%
13.22
Cash Equivalents
2.24
-87.85%
18.44
+119.53%
8.40
+105.71%
4.08
Cash Financial
2.91
+194.78%
0.99
-52.99%
2.10
-77.02%
9.13
Receivables
1.58
-40.27%
2.64
-56.78%
6.10
+94.57%
3.14
Accounts Receivable
0.19
+15.19%
0.16
-42.95%
0.29
+418.68%
0.06
Other Receivables
—
0.22
-91.66%
2.68
+312.33%
0.65
Taxes Receivable
1.39
-38.36%
2.25
-28.19%
3.13
+28.93%
2.43
Inventory
2.03
-12.69%
2.33
-23.40%
3.04
+250.27%
0.87
Raw Materials
2.03
-12.69%
2.33
-23.40%
3.04
—
Prepaid Assets
0.82
-29.46%
1.16
+69.66%
0.68
-7.99%
0.74
Current Deferred Assets
1.77
0.00
—
—
Other Current Assets
0.08
-46.29%
0.15
+11.02%
0.14
+1083.85%
0.01
Total Non Current Assets
8.96
-38.27%
14.52
-28.93%
20.42
-2.82%
21.02
Net PPE
6.33
-56.51%
14.56
-28.17%
20.26
-3.42%
20.98
Gross PPE
30.72
-10.59%
34.35
+8.65%
31.62
+28.43%
24.62
Accumulated Depreciation
-24.39
-23.16%
-19.80
-74.34%
-11.36
-212.10%
-3.64
Properties
0.00
0.00
0.00
0.00
Buildings And Improvements
1.18
-3.47%
1.22
—
—
Machinery Furniture Equipment
28.74
-11.46%
32.46
+8.85%
29.82
+78.53%
16.70
Construction In Progress
0.00
-100.00%
0.01
-94.25%
0.10
-98.59%
6.74
Other Properties
—
0.80
-4.82%
0.84
+35.63%
0.62
Leases
0.80
+18.99%
0.67
-22.67%
0.87
+53.73%
0.56
Goodwill And Other Intangible Assets
0.59
+220.63%
0.18
+15.23%
0.16
+378.88%
0.03
Other Intangible Assets
0.59
+220.63%
0.18
+15.23%
0.16
+378.88%
0.03
Non Current Deferred Assets
2.04
0.00
—
—
Other Non Current Assets
—
-0.22
—
—
Total Liabilities Net Minority Interest
81.82
+12.22%
72.91
+119.09%
33.28
+80.19%
18.47
Current Liabilities
11.32
-35.31%
17.50
+10.31%
15.87
+52.30%
10.42
Payables And Accrued Expenses
3.04
-20.77%
3.84
-14.76%
4.50
+51.52%
2.97
Payables
1.86
-42.49%
3.23
-16.46%
3.87
+34.71%
2.87
Accounts Payable
1.65
-40.96%
2.80
—
—
Other Payable
—
2.80
-13.32%
3.23
+160.24%
1.24
Current Accrued Expenses
1.18
+94.32%
0.61
-4.46%
0.64
+521.77%
0.10
Pensionand Other Post Retirement Benefit Plans Current
0.33
+52.84%
0.22
-29.35%
0.31
+591.42%
0.04
Total Tax Payable
0.21
-52.30%
0.43
-32.24%
0.64
-60.72%
1.63
Income Tax Payable
—
—
—
0.59
Current Debt And Capital Lease Obligation
0.48
+17.33%
0.41
-80.83%
2.15
+230.84%
0.65
Current Debt
—
10.45
+43.24%
7.29
+29.25%
5.64
Other Current Borrowings
—
10.45
+43.24%
7.29
+29.25%
5.64
Current Capital Lease Obligation
0.48
+17.33%
0.41
-80.83%
2.15
+230.84%
0.65
Current Deferred Liabilities
1.85
+11.10%
1.66
+18.06%
1.41
+27.10%
1.11
Current Deferred Revenue
1.85
+19.02%
1.55
+16.70%
1.33
+86.39%
0.71
Other Current Liabilities
4.71
-55.40%
10.56
+44.79%
7.29
+29.25%
5.64
Total Non Current Liabilities Net Minority Interest
70.50
+27.24%
55.41
+218.21%
17.41
+116.29%
8.05
Long Term Debt And Capital Lease Obligation
0.09
-68.44%
0.28
-58.79%
0.67
+8.83%
0.62
Long Term Debt
—
54.80
+234.57%
16.38
+120.98%
7.41
Long Term Capital Lease Obligation
0.09
-68.44%
0.28
-58.79%
0.67
+8.83%
0.62
Other Non Current Liabilities
70.41
+27.72%
55.13
+229.37%
16.74
+125.25%
7.43
Stockholders Equity
-61.44
-87.91%
-32.70
-530.25%
7.60
-62.96%
20.52
Common Stock Equity
-61.44
-87.91%
-32.70
-530.25%
7.60
+124.70%
-30.76
Capital Stock
0.01
+10.94%
0.01
+29.29%
0.00
-99.99%
51.28
Common Stock
0.01
+10.94%
0.01
+29.29%
0.00
+4801.11%
0.00
Preferred Stock
—
—
—
51.28
Share Issued
63.27
+10.93%
57.04
+17.42%
48.57
+0.00%
48.57
Ordinary Shares Number
63.27
+10.93%
57.04
+17.42%
48.57
+0.00%
48.57
Additional Paid In Capital
85.60
+111.56%
40.46
-25.54%
54.34
+3792.74%
1.40
Retained Earnings
-139.49
-112.61%
-65.61
-67.44%
-39.18
-57.13%
-24.94
Gains Losses Not Affecting Retained Earnings
-7.56
+0.00%
-7.56
+0.00%
-7.56
-4.66%
-7.22
Other Equity Adjustments
-7.56
+0.00%
-7.56
+0.00%
-7.56
-4.66%
-7.22
Total Equity Gross Minority Interest
-61.44
-87.91%
-32.70
-530.25%
7.60
-62.96%
20.52
Total Capitalization
-61.44
-87.91%
-32.70
-530.25%
7.60
-62.96%
20.52
Working Capital
0.10
-98.83%
8.19
+78.57%
4.59
-39.26%
7.55
Invested Capital
-61.44
-87.91%
-32.70
-530.25%
7.60
+124.70%
-30.76
Total Debt
0.57
-17.20%
0.69
-75.58%
2.83
+122.54%
1.27
Net Debt
—
45.83
+247.79%
13.18
—
Capital Lease Obligations
0.57
-17.20%
0.69
-75.58%
2.83
+122.54%
1.27
Net Tangible Assets
-62.03
-88.65%
-32.88
-541.95%
7.44
-63.68%
20.49
Tangible Book Value
-62.03
-88.65%
-32.88
-541.95%
7.44
+124.16%
-30.80
Current Deferred Taxes Liabilities
0.00
-100.00%
0.11
+41.29%
0.08
-80.15%
0.39
Current Provisions
0.91
+12.11%
0.81
+303.43%
0.20
—
Other Inventories
—
—
—
0.87
Preferred Stock Equity
—
—
—
51.28
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow
-25.08
-68.69%
-14.87
-171.99%
-5.47
-35.39%
-4.04
Cash Flow From Continuing Operating Activities
-25.08
-68.69%
-14.87
-171.99%
-5.47
-35.39%
-4.04
Net Income From Continuing Operations
-73.88
-118.49%
-33.81
-137.36%
-14.25
+1.57%
-14.47
Depreciation Amortization Depletion
8.69
-13.47%
10.04
+10.42%
9.10
+66.21%
5.47
Depreciation
8.39
-15.62%
9.95
+10.29%
9.02
+65.45%
5.45
Amortization Cash Flow
0.30
+203.97%
0.10
+24.91%
0.08
+254.46%
0.02
Depreciation And Amortization
8.69
-13.47%
10.04
+10.42%
9.10
+66.21%
5.47
Amortization Of Intangibles
0.30
+203.97%
0.10
+24.91%
0.08
+254.46%
0.02
Other Non Cash Items
3.66
-50.85%
7.45
+408.65%
1.47
+57.72%
0.93
Stock Based Compensation
35.66
+1690.29%
1.99
+19.78%
1.66
+91.41%
0.87
Provisionand Write Offof Assets
0.32
+404.20%
0.06
—
—
Operating Gains Losses
-0.40
+81.64%
-2.16
+1.57%
-2.19
-151.45%
4.26
Net Foreign Currency Exchange Gain Loss
-0.40
+85.45%
-2.73
-16.62%
-2.34
-157.22%
4.09
Change In Working Capital
0.87
-44.18%
1.56
+224.44%
-1.25
-13.69%
-1.10
Change In Receivables
-0.02
-108.12%
0.19
+188.95%
-0.21
-9.59%
-0.19
Changes In Account Receivables
-0.02
-108.12%
0.19
+188.95%
-0.21
-9.59%
-0.19
Change In Inventory
0.27
-59.68%
0.66
+131.25%
-2.10
-20.26%
-1.75
Change In Payables And Accrued Expense
-0.65
-266.00%
0.39
-74.62%
1.55
-52.39%
3.26
Change In Accrued Expense
0.49
-58.05%
1.17
+177.19%
0.42
—
Change In Payable
-1.15
-47.34%
-0.78
-168.81%
1.13
-65.35%
3.26
Change In Account Payable
-1.15
-47.34%
-0.78
-146.84%
1.66
-30.05%
2.37
Change In Other Working Capital
0.29
+32.93%
0.22
-66.52%
0.66
-35.87%
1.03
Change In Other Current Assets
0.98
+918.43%
0.10
+108.34%
-1.15
+60.03%
-2.88
Change In Other Current Liabilities
—
1.17
+177.19%
0.42
+173.90%
-0.57
Investing Cash Flow
-1.04
+78.44%
-4.82
+40.93%
-8.16
+64.35%
-22.89
Cash Flow From Continuing Investing Activities
-1.04
+78.44%
-4.82
+40.93%
-8.16
+64.35%
-22.89
Net PPE Purchase And Sale
-0.33
+92.96%
-4.72
+40.67%
-7.95
+65.18%
-22.83
Purchase Of PPE
-0.33
+92.99%
-4.74
+40.68%
-7.99
+65.01%
-22.83
Sale Of PPE
0.00
-100.00%
0.02
-44.13%
0.04
—
Capital Expenditure
-1.04
+78.53%
-4.84
+40.95%
-8.20
+64.19%
-22.89
Net Intangibles Purchase And Sale
-0.71
-592.05%
-0.10
+51.05%
-0.21
-257.64%
-0.06
Purchase Of Intangibles
-0.71
-592.05%
-0.10
+51.05%
-0.21
-257.64%
-0.06
Financing Cash Flow
11.84
-58.61%
28.61
+154.13%
11.26
-73.87%
43.09
Cash Flow From Continuing Financing Activities
11.84
-58.61%
28.61
+154.13%
11.26
-73.87%
43.09
Net Issuance Payments Of Debt
11.93
+3901.31%
0.30
-97.35%
11.26
-15.88%
13.38
Issuance Of Debt
18.00
+140.00%
7.50
-51.51%
15.47
+3.64%
14.93
Repayment Of Debt
-6.07
+15.73%
-7.20
-71.09%
-4.21
-173.10%
-1.54
Long Term Debt Issuance
18.00
+140.00%
7.50
-51.51%
15.47
+3.64%
14.93
Long Term Debt Payments
-6.07
+15.73%
-7.20
-71.09%
-4.21
-173.10%
-1.54
Net Long Term Debt Issuance
11.93
+3901.31%
0.30
-97.35%
11.26
-15.88%
13.38
Proceeds From Stock Option Exercised
—
-1.32
0.00
0.00
Net Other Financing Charges
-0.09
-100.32%
28.31
—
—
Changes In Cash
-14.28
-259.92%
8.93
+477.12%
-2.37
-114.64%
16.16
Effect Of Exchange Rate Changes
0.00
0.00
+100.00%
-0.35
+94.56%
-6.45
Beginning Cash Position
19.42
+85.03%
10.50
-20.57%
13.22
+277.35%
3.50
End Cash Position
5.15
-73.49%
19.42
+85.03%
10.50
-20.57%
13.22
Free Cash Flow
-26.12
-32.52%
-19.71
-44.23%
-13.66
+49.26%
-26.93
Interest Paid Supplemental Data
5.28
+1080.18%
0.45
-50.42%
0.90
+392.86%
0.18
Income Tax Paid Supplemental Data
0.00
0.00
-100.00%
0.53
0.00
Change In Income Tax Payable
0.00
0.00
+100.00%
-0.53
-159.72%
0.89
Change In Tax Payable
0.00
0.00
+100.00%
-0.53
-159.72%
0.89
Issuance Of Capital Stock
—
0.00
0.00
-100.00%
29.71
Net Preferred Stock Issuance
—
0.00
0.00
-100.00%
29.71
Preferred Stock Issuance
—
0.00
0.00
-100.00%
29.71
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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