Symbols / MRT $2.10 -0.47% Marti Technologies, Inc.

Technology • Software - Application • Turkey • ASE
MRT Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Software - Application
CEO Mr. Oguz Alper Oktem
Exch · Country ASE · Turkey
Market Cap 180.41M
Enterprise Value 260.03M
Income -41.45M
Sales 39.24M
FCF (ttm) -9.24M
Book/sh -0.94
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 35.00
PEG —
P/S 4.60
P/B -2.23
P/C —
EV/EBITDA -10.50
EV/Sales 6.63
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) 2026-04-13
Earnings (prior) 2026-04-13
ROA -70.63%
ROE —
ROIC —
Gross Margin 61.29%
Oper. Margin -63.47%
Profit Margin -105.62%
Shs Outstand 85.91M
Shs Float 47.21M
Insider Own 47.56%
Instit Own 12.78%
Short Float 0.29%
Short Ratio 7.13
Short Interest 128.20K
52W High 3.70
vs 52W High -43.24%
52W Low 1.97
vs 52W Low 6.60%
Beta 0.32
Impl. Vol. —
Rel Volume 1.37
Avg Volume 22.88K
Volume 31.45K
Target (mean) $4.62
Tgt Median $5.00
Tgt Low $2.15
Tgt High $6.00
# Analysts 5
Recom Strong_buy
Prev Close $2.11
Price $2.10
Change -0.47%
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
$2.10
Latest analyst target
3. DCF / Fair value
$-1.94
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.10
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 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Assets
20.38
-49.32%
40.21
-1.63%
40.88
—
Current Assets
11.42
-55.56%
25.70
+25.62%
20.46
—
Cash Cash Equivalents And Short Term Investments
5.15
-73.49%
19.42
+85.03%
10.50
—
Cash And Cash Equivalents
5.15
-73.49%
19.42
+85.03%
10.50
—
Cash Equivalents
2.24
-87.85%
18.44
+119.53%
8.40
—
Cash Financial
2.91
+194.78%
0.99
-52.99%
2.10
—
Receivables
1.58
-40.27%
2.64
-56.78%
6.10
—
Accounts Receivable
0.19
+15.19%
0.16
-42.95%
0.29
—
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
—
Raw Materials
2.03
-12.69%
2.33
-23.40%
3.04
—
Prepaid Assets
0.82
-29.46%
1.16
+69.66%
0.68
—
Current Deferred Assets
1.77
0.00
—
—
Other Current Assets
0.08
-46.29%
0.15
+11.02%
0.14
—
Total Non Current Assets
8.96
-38.27%
14.52
-28.93%
20.42
—
Net PPE
6.33
-56.51%
14.56
-28.17%
20.26
—
Gross PPE
30.72
-10.59%
34.35
+8.65%
31.62
—
Accumulated Depreciation
-24.39
-23.16%
-19.80
-74.34%
-11.36
—
Properties
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
—
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
—
Goodwill And Other Intangible Assets
0.59
+220.63%
0.18
+15.23%
0.16
—
Other Intangible Assets
0.59
+220.63%
0.18
+15.23%
0.16
—
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
—
Current Liabilities
11.32
-35.31%
17.50
+10.31%
15.87
—
Payables And Accrued Expenses
3.04
-20.77%
3.84
-14.76%
4.50
—
Payables
1.86
-42.49%
3.23
-16.46%
3.87
—
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
—
Employee Benefits
0.29
—
—
—
Pensionand Other Post Retirement Benefit Plans Current
0.33
+52.84%
0.22
-29.35%
0.31
—
Total Tax Payable
0.21
-52.30%
0.43
-32.24%
0.64
—
Income Tax Payable
—
—
—
0.59
Current Debt And Capital Lease Obligation
0.48
+17.33%
0.41
-80.83%
2.15
—
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
—
Current Deferred Liabilities
1.85
+11.10%
1.66
+18.06%
1.41
—
Current Deferred Revenue
1.85
+19.02%
1.55
+16.70%
1.33
—
Other Current Liabilities
4.71
-55.40%
10.56
+44.79%
7.29
—
Total Non Current Liabilities Net Minority Interest
70.50
+27.24%
55.41
+218.21%
17.41
—
Long Term Debt And Capital Lease Obligation
0.09
-68.44%
0.28
-58.79%
0.67
—
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
—
Other Non Current Liabilities
70.12
+27.19%
55.13
+229.37%
16.74
+125.25%
7.43
Stockholders Equity
-61.44
-87.91%
-32.70
-530.25%
7.60
—
Common Stock Equity
-61.44
-87.91%
-32.70
-530.25%
7.60
—
Capital Stock
0.01
+10.94%
0.01
+29.29%
0.00
—
Common Stock
0.01
+10.94%
0.01
+29.29%
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
—
Retained Earnings
-139.49
-112.61%
-65.61
-67.44%
-39.18
—
Gains Losses Not Affecting Retained Earnings
-7.56
+0.00%
-7.56
+0.00%
-7.56
—
Treasury Stock
0.00
—
—
—
Other Equity Adjustments
-7.56
+0.00%
-7.56
+0.00%
-7.56
—
Total Equity Gross Minority Interest
-61.44
-87.91%
-32.70
-530.25%
7.60
—
Total Capitalization
-61.44
-87.91%
-32.70
-530.25%
7.60
—
Working Capital
0.10
-98.83%
8.19
+78.57%
4.59
—
Invested Capital
-61.44
-87.91%
-32.70
-530.25%
7.60
—
Total Debt
0.57
-17.20%
0.69
-75.58%
2.83
—
Net Debt
—
45.83
+247.79%
13.18
—
Capital Lease Obligations
0.57
-17.20%
0.69
-75.58%
2.83
—
Net Tangible Assets
-62.03
-88.65%
-32.88
-541.95%
7.44
—
Tangible Book Value
-62.03
-88.65%
-32.88
-541.95%
7.44
—
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 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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