MRT News & Events

Reports Q1 revenue $15.4M vs. $6.0M last year. Q1 adjusted EBITDA was ($0.5M) vs. ($3.6M) a year ago. "We delivered an exceptional start to 2026, exceeding our internal targets across revenue, gross profit margin, and Adjusted EBITDA," said Oguz Alper Oktem, CEO. "Revenue grew more than 2.5x year-over-year, gross profit margin reached 72%, and we moved to near breakeven Adjusted EBITDA. This reflects the scaling of our platform subscription package monetization model and continued improvement in unit economics and operating leverage. Our ride-hailing marketplace continues to perform strongly across our 20-city footprint in Turkiye, with significant growth in both unique ride-hailing riders and registered ride-hailing drivers. We are also driving increased adoption of our delivery services...With this strong start to the year, we are on track to achieve our 2026 goals, including our first full year of positive Adjusted EBITDA. We are laser focused on increasing efficiency across our platform and capturing additional scale opportunities as usage across the platform deepens, supporting our path toward long-term profitability."

Marti Technologies announced a new share repurchase program. The company's Board of Directors authorized a new share repurchase program under which the company may repurchase up to $2.5M of its outstanding Class A ordinary shares until October 26, 2026. The Repurchase Program replaces the company's prior share repurchase program, which was authorized on January 10, 2024 and expired on April 9, 2026. In addition, the Board established a ceiling price of $6.00 per share for the share repurchases. As of market close on April 24, 2026, the company's share price was $2.11.