Symbols / MRT $2.00 +0.50% Marti Technologies, Inc.

Technology • Software - Application • Turkey • ASE
MRT Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Software - Application
CEO Mr. Oguz Alper Oktem
Exch · Country ASE · Turkey
Market Cap 171.82M
Enterprise Value 250.58M
Income -41.45M
Sales 39.24M
FCF (ttm) -9.24M
Book/sh -0.78
Cash/sh 0.09
Employees 473
Insider 10d —
IPO Aug 30, 2021
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E 33.33
PEG —
P/S 4.38
P/B -2.56
P/C —
EV/EBITDA -10.12
EV/Sales 6.39
Quick Ratio 0.58
Current Ratio 0.97
Debt/Eq —
LT Debt/Eq —
EPS (ttm) -0.53
EPS next Y 0.06
EPS Growth —
Revenue Growth 143.10%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-21
Earnings (prior) —
ROA -70.63%
ROE —
ROIC —
Gross Margin 61.29%
Oper. Margin -63.47%
Profit Margin -105.62%
Shs Outstand 85.91M
Shs Float 24.49M
Insider Own 60.08%
Instit Own 12.62%
Short Float 0.26%
Short Ratio 6.41
Short Interest 112.51K
52W High 3.24
vs 52W High -38.31%
52W Low 1.97
vs 52W Low 1.52%
Beta 0.33
Impl. Vol. —
Rel Volume 0.84
Avg Volume 20.21K
Volume 16.93K
Target (mean) $4.62
Tgt Median $5.00
Tgt Low $2.15
Tgt High $6.00
# Analysts 5
Recom None
Prev Close $1.99
Price $2.00
Change 0.50%
About

Marti Technologies, Inc. provides tech-enabled urban transportation services to riders in Turkey. It operates a mobility app that provides multiple transportation services, such as a ride-hailing service which matches riders with car, motorcycle, and taxi drivers, as well as operates a fleet of e-mopeds, e-bikes, and e-scooters. The company was founded in 2018 and is headquartered in Istanbul, Turkey.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$4.62
Mean price target
2. Current target
$2.00
Latest analyst target
3. DCF / Fair value
$-1.94
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.00
Low
$2.15
High
$6.00
Mean
$4.62

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-14 main Cantor Fitzgerald Overweight → Overweight $2
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 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
39.24
+110.30%
18.66
-6.84%
20.03
-19.84%
24.99
Operating Revenue
43.07
+117.96%
19.76
-5.36%
20.88
-22.17%
26.83
Cost Of Revenue
35.60
-45.96%
65.87
+100.34%
32.88
-0.27%
32.97
Reconciled Cost Of Revenue
32.52
-43.67%
57.72
+145.44%
23.52
-4.06%
24.51
Gross Profit
3.64
+107.71%
-47.21
-267.38%
-12.85
-61.03%
-7.98
Operating Expense
23.67
+45.77%
16.24
+5.19%
15.43
+128.08%
6.77
Research And Development
3.01
+53.20%
1.96
+0.42%
1.95
+4.10%
1.88
Selling General And Administration
20.05
+46.25%
13.71
+8.31%
12.66
+206.27%
4.13
Selling And Marketing Expense
7.79
+50.61%
5.17
+19.43%
4.33
+194.90%
1.47
General And Administrative Expense
12.26
+43.61%
8.54
+2.53%
8.33
+212.53%
2.66
Salaries And Wages
—
—
8.28
+40.88%
5.88
Other Gand A
11.77
+50.03%
7.84
-1.96%
8.00
+200.22%
2.66
Other Operating Expenses
—
—
0.03
-58.71%
0.08
Total Expenses
59.27
-27.82%
82.11
+69.95%
48.31
+21.59%
39.74
Operating Income
-20.02
+68.44%
-63.45
-124.32%
-28.28
-91.80%
-14.75
Total Operating Income As Reported
-28.53
+56.31%
-65.31
-113.41%
-30.60
-105.65%
-14.88
EBITDA
-22.22
+59.76%
-55.21
-224.23%
-17.03
-421.69%
-3.26
Normalized EBITDA
-24.14
+56.92%
-56.03
-200.07%
-18.67
-244.10%
-5.43
Reconciled Depreciation
3.59
-58.72%
8.69
-13.47%
10.04
+10.42%
9.10
EBIT
-25.80
+59.62%
-63.90
-136.04%
-27.07
-119.02%
-12.36
Total Unusual Items
1.92
+134.05%
0.82
-50.08%
1.65
-23.93%
2.16
Total Unusual Items Excluding Goodwill
1.92
+134.05%
0.82
-50.08%
1.65
-23.93%
2.16
Special Income Charges
-0.18
-142.24%
0.42
+139.26%
-1.08
-517.21%
-0.18
Other Special Charges
0.18
+142.24%
-0.42
-150.17%
0.85
+382.98%
0.18
Net Income
-41.45
+43.90%
-73.88
-118.49%
-33.81
-137.36%
-14.25
Pretax Income
-41.45
+43.90%
-73.88
-118.49%
-33.81
-137.36%
-14.25
Net Non Operating Interest Income Expense
-15.02
-67.44%
-8.97
-51.03%
-5.94
-248.75%
-1.70
Interest Expense Non Operating
15.64
+56.80%
9.98
+47.99%
6.74
+257.68%
1.88
Net Interest Income
-15.02
-67.44%
-8.97
-51.03%
-5.94
-248.75%
-1.70
Interest Expense
15.64
+56.80%
9.98
+47.99%
6.74
+257.68%
1.88
Interest Income Non Operating
0.63
-37.68%
1.01
+21.74%
0.83
+262.48%
0.23
Interest Income
0.63
-37.68%
1.01
+21.74%
0.83
+262.48%
0.23
Other Income Expense
-6.41
-337.32%
-1.46
-459.23%
0.41
-81.50%
2.20
Other Non Operating Income Expenses
-8.33
-264.31%
-2.29
-84.79%
-1.24
-3089.84%
0.04
Gain On Sale Of Security
2.10
+429.78%
0.40
-85.45%
2.73
+16.62%
2.34
Tax Provision
0.00
0.00
0.00
0.00
Tax Rate For Calcs
0.00
0.00
0.00
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-41.45
+43.90%
-73.88
-118.49%
-33.81
-137.36%
-14.25
Net Income From Continuing Operation Net Minority Interest
-41.45
+43.90%
-73.88
-118.49%
-33.81
-137.36%
-14.25
Net Income From Continuing And Discontinued Operation
-41.45
+43.90%
-73.88
-118.49%
-33.81
-137.36%
-14.25
Net Income Continuous Operations
-41.45
+43.90%
-73.88
-118.49%
-33.81
-137.36%
-14.25
Normalized Income
-43.37
+41.95%
-74.70
-110.67%
-35.46
-116.11%
-16.41
Net Income Common Stockholders
-41.45
+43.90%
-73.88
-118.49%
-33.81
-137.36%
-14.25
Diluted EPS
—
-1.17
-74.28%
-0.67
-109.38%
-0.32
Basic EPS
—
-1.17
-74.28%
-0.67
-109.38%
-0.32
Basic Average Shares
—
63.27
+25.10%
50.58
+14.66%
44.11
Diluted Average Shares
—
63.27
+25.10%
50.58
+14.66%
44.11
Diluted NI Availto Com Stockholders
-41.45
+43.90%
-73.88
-118.49%
-33.81
-137.36%
-14.25
Depreciation Amortization Depletion Income Statement
0.50
-6.45%
0.54
-20.97%
0.68
+6.30%
0.64
Depreciation And Amortization In Income Statement
0.50
-6.45%
0.54
-20.97%
0.68
+6.30%
0.64
Gain On Sale Of PPE
0.00
0.00
+100.00%
-0.24
0.00
Insurance And Claims
0.36
-31.46%
0.53
+61.56%
0.33
0.00
Other Taxes
0.11
+304.53%
0.03
-75.96%
0.11
+189.70%
0.04
Rent And Landing Fees
0.13
-19.80%
0.17
0.00
0.00
Rent Expense Supplemental
2.31
+22.43%
1.89
-24.98%
2.52
-28.98%
3.55
Total Other Finance Cost
0.00
-3.97%
0.00
-89.78%
0.03
-41.51%
0.05
Line Item Trend 2025-12-31
Total Assets
29.80
Current Assets
13.94
Cash Cash Equivalents And Short Term Investments
7.81
Cash And Cash Equivalents
7.81
Cash Equivalents
0.83
Cash Financial
6.97
Receivables
0.48
Accounts Receivable
0.48
Other Receivables
—
Taxes Receivable
—
Inventory
1.99
Raw Materials
1.99
Prepaid Assets
1.03
Current Deferred Assets
2.30
Other Current Assets
0.33
Total Non Current Assets
15.86
Net PPE
3.56
Gross PPE
31.56
Accumulated Depreciation
-28.00
Properties
0.00
Buildings And Improvements
1.16
Machinery Furniture Equipment
29.52
Construction In Progress
—
Other Properties
—
Leases
0.88
Goodwill And Other Intangible Assets
0.35
Other Intangible Assets
0.35
Non Current Deferred Assets
11.95
Other Non Current Assets
—
Total Liabilities Net Minority Interest
96.89
Current Liabilities
14.39
Payables And Accrued Expenses
6.40
Payables
4.97
Accounts Payable
4.08
Other Payable
—
Current Accrued Expenses
1.43
Employee Benefits
0.25
Pensionand Other Post Retirement Benefit Plans Current
0.57
Total Tax Payable
0.90
Income Tax Payable
—
Current Debt And Capital Lease Obligation
4.32
Current Debt
3.69
Other Current Borrowings
3.69
Current Capital Lease Obligation
0.62
Current Deferred Liabilities
2.13
Current Deferred Revenue
2.13
Other Current Liabilities
0.05
Total Non Current Liabilities Net Minority Interest
82.50
Long Term Debt And Capital Lease Obligation
82.25
Long Term Debt
82.12
Long Term Capital Lease Obligation
0.14
Other Non Current Liabilities
—
Stockholders Equity
-67.09
Common Stock Equity
-67.09
Capital Stock
0.01
Common Stock
0.01
Preferred Stock
—
Share Issued
86.04
Ordinary Shares Number
85.91
Treasury Shares Number
0.13
Additional Paid In Capital
121.76
Retained Earnings
-180.93
Gains Losses Not Affecting Retained Earnings
-7.56
Treasury Stock
0.37
Other Equity Adjustments
-7.56
Total Equity Gross Minority Interest
-67.09
Total Capitalization
15.03
Working Capital
-0.45
Invested Capital
18.72
Total Debt
86.57
Net Debt
78.01
Capital Lease Obligations
0.76
Net Tangible Assets
-67.44
Tangible Book Value
-67.44
Current Deferred Taxes Liabilities
—
Current Provisions
0.93
Other Inventories
—
Preferred Stock Equity
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-14.78
+41.06%
-25.08
-68.69%
-14.87
-171.99%
-5.47
Cash Flow From Continuing Operating Activities
-14.78
+41.06%
-25.08
-68.69%
-14.87
-171.99%
-5.47
Net Income From Continuing Operations
-41.45
+43.90%
-73.88
-118.49%
-33.81
-137.36%
-14.25
Depreciation Amortization Depletion
3.59
-58.72%
8.69
-13.47%
10.04
+10.42%
9.10
Depreciation
3.29
-60.77%
8.39
-15.62%
9.95
+10.29%
9.02
Amortization Cash Flow
0.29
-1.25%
0.30
+203.97%
0.10
+24.91%
0.08
Depreciation And Amortization
3.59
-58.72%
8.69
-13.47%
10.04
+10.42%
9.10
Amortization Of Intangibles
0.29
-1.25%
0.30
+203.97%
0.10
+24.91%
0.08
Other Non Cash Items
9.44
+157.76%
3.66
-50.85%
7.45
+408.65%
1.47
Stock Based Compensation
11.28
-68.37%
35.66
+1690.29%
1.99
+19.78%
1.66
Provisionand Write Offof Assets
0.02
-94.24%
0.32
+404.20%
0.06
—
Operating Gains Losses
-2.07
-421.68%
-0.40
+81.64%
-2.16
+1.57%
-2.19
Gain Loss On Investment Securities
-1.38
—
—
—
Net Foreign Currency Exchange Gain Loss
-0.72
-81.56%
-0.40
+85.45%
-2.73
-16.62%
-2.34
Change In Working Capital
4.40
+407.09%
0.87
-44.18%
1.56
+224.44%
-1.25
Change In Receivables
-0.30
-1880.34%
-0.02
-108.12%
0.19
+188.95%
-0.21
Changes In Account Receivables
-0.30
-1880.34%
-0.02
-108.12%
0.19
+188.95%
-0.21
Change In Inventory
0.02
-92.05%
0.27
-59.68%
0.66
+131.25%
-2.10
Change In Payables And Accrued Expense
3.47
+630.01%
-0.65
-266.00%
0.39
-74.62%
1.55
Change In Accrued Expense
1.04
+111.86%
0.49
-58.05%
1.17
+177.19%
0.42
Change In Payable
2.43
+311.76%
-1.15
-47.34%
-0.78
-168.81%
1.13
Change In Account Payable
2.43
+311.76%
-1.15
-47.34%
-0.78
-146.84%
1.66
Change In Other Working Capital
0.28
-3.64%
0.29
+32.93%
0.22
-66.52%
0.66
Change In Other Current Assets
0.93
-4.56%
0.98
+918.43%
0.10
+108.34%
-1.15
Change In Other Current Liabilities
—
—
1.17
+177.19%
0.42
Investing Cash Flow
-0.54
+47.87%
-1.04
+78.44%
-4.82
+40.93%
-8.16
Cash Flow From Continuing Investing Activities
-0.54
+47.87%
-1.04
+78.44%
-4.82
+40.93%
-8.16
Net PPE Purchase And Sale
-0.49
-46.03%
-0.33
+92.96%
-4.72
+40.67%
-7.95
Purchase Of PPE
-0.49
-46.03%
-0.33
+92.99%
-4.74
+40.68%
-7.99
Sale Of PPE
0.00
0.00
-100.00%
0.02
-44.13%
0.04
Capital Expenditure
-0.54
+47.87%
-1.04
+78.53%
-4.84
+40.95%
-8.20
Net Intangibles Purchase And Sale
-0.06
+92.02%
-0.71
-592.05%
-0.10
+51.05%
-0.21
Purchase Of Intangibles
-0.06
+92.02%
-0.71
-592.05%
-0.10
+51.05%
-0.21
Financing Cash Flow
17.98
+51.84%
11.84
-58.61%
28.61
+154.13%
11.26
Cash Flow From Continuing Financing Activities
17.98
+51.84%
11.84
-58.61%
28.61
+154.13%
11.26
Net Issuance Payments Of Debt
18.18
+52.37%
11.93
+3901.31%
0.30
-97.35%
11.26
Issuance Of Debt
19.93
+10.72%
18.00
+140.00%
7.50
-51.51%
15.47
Repayment Of Debt
-1.75
+71.16%
-6.07
+15.73%
-7.20
-71.09%
-4.21
Long Term Debt Issuance
19.93
+10.72%
18.00
+140.00%
7.50
-51.51%
15.47
Long Term Debt Payments
-1.75
+71.16%
-6.07
+15.73%
-7.20
-71.09%
-4.21
Net Long Term Debt Issuance
18.18
+52.37%
11.93
+3901.31%
0.30
-97.35%
11.26
Net Common Stock Issuance
-0.37
0.00
0.00
—
Common Stock Payments
-0.37
0.00
0.00
—
Repurchase Of Capital Stock
-0.37
0.00
0.00
—
Proceeds From Stock Option Exercised
0.17
0.00
0.00
0.00
Net Other Financing Charges
—
-0.09
-100.32%
28.31
—
Changes In Cash
2.66
+118.61%
-14.28
-259.92%
8.93
+477.12%
-2.37
Effect Of Exchange Rate Changes
—
0.00
0.00
+100.00%
-0.35
Beginning Cash Position
5.15
-73.49%
19.42
+85.03%
10.50
-20.57%
13.22
End Cash Position
7.81
+51.60%
5.15
-73.49%
19.42
+85.03%
10.50
Free Cash Flow
-15.32
+41.33%
-26.12
-32.52%
-19.71
-44.23%
-13.66
Interest Paid Supplemental Data
7.02
+32.86%
5.28
+1080.18%
0.45
-50.42%
0.90
Income Tax Paid Supplemental Data
—
0.00
0.00
-100.00%
0.53
Change In Income Tax Payable
—
0.00
0.00
+100.00%
-0.53
Change In Tax Payable
—
0.00
0.00
+100.00%
-0.53
Issuance Of Capital Stock
—
—
0.00
0.00
Net Preferred Stock Issuance
—
—
0.00
0.00
Preferred Stock Issuance
—
—
0.00
0.00
SEC Filings

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

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