Marti Ride-Hailing Service Reaches 3.8M Riders, Exceeds Targets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 18 2026
0mins
Should l Buy MRT?
Marti Technologies announced that as of March 17, Marti's ride-hailing service has reached 3.8M riders and 490K registered drivers, exceeding the March 31 targets of 3.8M riders and 485K registered drivers. Marti's number of ride-hailing riders grew 101% from March 17, 2025 to March 17. The number of registered drivers grew 70% during the same time period. The fast growth in both the rider and driver sides of Marti's ride-hailing marketplace demonstrates large demand for the service across Turkiye. The service intends to provide readily available, safe, and affordable rides for riders, while providing economic opportunities for drivers across the income spectrum. Marti has set targets for 4.3M riders and 530K registered drivers by June 30.
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About MRT
Marti Technologies, Inc. offers urban mobility application, offering multiple transportation services to its riders. The Company operates a ride-hailing service that matches riders with car and motorcycle drivers. Its offerings are serviced by software systems and Internet of Things (IoT) infrastructure. It offers tech-enabled urban transportation services to riders across Turkiye through two service offerings in the metropolitan areas: ride-hailing and two-wheeled electric vehicles. Its ride-hailing service matches riders with cars, motorcycles, and taxi drivers. The Company's two-wheeled electric vehicle service offers a shared mobility solution through a Company-owned and operated fleet of e-mopeds, e-bikes and e-scooters. It offers environmentally sustainable transportation services to its riders. It operates an artificial intelligence (AI)-powered SaaS platform, offering dynamic fleet optimization algorithms for two-wheeled electric vehicle rental operators.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Marti Technologies Surpasses Rider and Driver Targets with Strong Growth
- Rider Growth Surge: As of March 17, 2026, Marti Technologies reported 3.8 million riders, reflecting a 101% year-over-year increase, indicating robust demand in the Turkish market and surpassing the company's targets.
- Driver Registration Increase: The number of registered drivers reached 490,000, growing 70% year-over-year, showcasing the company's success in attracting drivers and further solidifying its market position.
- Future Target Setting: Marti Technologies aims to increase its rider count to 4.3 million and drivers to 530,000 by June 30, 2026, demonstrating confidence in future growth and strategic planning for market expansion.
- Strong Market Demand: The rapid growth in both riders and drivers positions Marti Technologies to potentially enhance its market share in Turkey and lays a foundation for future profitability.
See More
Marti Sets 2026 Targets: 4.3 Million Riders and 530,000 Drivers
- Significant User Growth: As of March 17, 2026, Marti's ride-hailing service has reached 3.8 million riders and 490,000 registered drivers, surpassing the March 31, 2026 targets, indicating strong market demand and potential for business expansion.
- Surge in Driver Registrations: Over the past year, the number of registered drivers at Marti has increased by 70%, which not only enhances service availability but also provides economic opportunities for drivers across various income levels, further solidifying the company's market position.
- Market Coverage Expansion: Marti's operations now span 20 markets across Turkey, covering approximately 80% of the country's GDP, indicating an accelerated growth trajectory nationwide, particularly with significant increases in rider and driver proportions outside Istanbul.
- Safety and Service Quality: Marti's drivers have an average rating of 4.8 out of 5 stars, and all drivers undergo formal background checks before acceptance, which not only enhances passenger safety but also boosts brand credibility and customer loyalty.
See More
Marti Launches Shareholder Loyalty Program
- Launch of Loyalty Program: Marti Technologies has announced the launch of its Shareholder Loyalty Program, designed to reward long-term retail shareholders while enhancing the connection between ownership and daily mobility services, thereby promoting sustainable growth.
- Exclusive Benefits: Eligible shareholders will receive special discounts on Marti subscriptions, rentals, rides, and deliveries, which not only increases user engagement but also drives business growth on the rapidly expanding mobility platform.
- Sustainable Transportation Advocacy: The initiative supports the adoption of sustainable urban transportation while maintaining disciplined capital allocation, ensuring a non-dilutive approach to shareholder value creation, reflecting the company's commitment to responsible value generation.
- Alignment with Global Trends: This initiative aligns with a growing global trend among consumer-facing public companies that offer exclusive shareholder benefits, aimed at fostering long-term ownership and deepening brand engagement.
See More
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- Revenue Decline: The company generated $63 million in revenue for the fourth quarter, a 6.6% year-over-year decrease, reflecting weak market demand and reduced rental income, which could lead to future cash flow pressures.
- Investor Concerns: Due to poor financial performance, Morguard's dividend score may be impacted, prompting investors to closely monitor its future dividend policies and sustainability.
- Market Reaction: The market reacted cautiously to Morguard's earnings report, with negative earnings potentially leading to stock price volatility, necessitating an assessment of its long-term investment value.
See More
Morguard REIT Declares January 2026 Distribution of 2 Cents per Unit
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- Record Date: The record date for this distribution is set for January 30, 2026, ensuring that investors holding units by this date will receive the distribution, thereby enhancing investor retention.
- Portfolio Overview: Morguard Trust owns a diversified portfolio of 45 high-quality retail, office, and industrial income-producing properties, totaling approximately 8.1 million square feet of leasable space, showcasing its strong position and diversified investment strategy in the Canadian real estate market.
- Company Background: As a closed-end real estate investment trust, Morguard focuses on providing stable income streams and capital appreciation, aiming to attract long-term investors and enhance its competitive edge in the market.
See More
Marti Sets 3.8M Riders and 485K Drivers Target by March 2026
- Significant User Growth: As of December 31, 2025, Marti's rider count reached 3.38 million, exceeding the target of 3.30 million, indicating strong demand for mobility services in Turkey, which is expected to further drive revenue growth.
- Driver Registrations Surge: The number of registered drivers grew by 26% from August to December 2025, reaching 450,000, demonstrating Marti's success in providing economic opportunities and enhancing its competitive position in the market.
- Market Expansion Strategy: Marti's services now span 20 markets across Turkey, covering approximately 80% of the country's GDP, reflecting nationwide demand growth and supporting the company's long-term development strategy.
- Enhanced Safety Measures: With an average driver rating of 4.8 stars and all drivers undergoing background checks, Marti not only boosts passenger safety but also enhances brand trust, which helps attract more users.
See More
Marti Technologies Surpasses Rider and Driver Targets with Strong Growth
- Rider Growth Surge: As of March 17, 2026, Marti Technologies reported 3.8 million riders, reflecting a 101% year-over-year increase, indicating robust demand in the Turkish market and surpassing the company's targets.
- Driver Registration Increase: The number of registered drivers reached 490,000, growing 70% year-over-year, showcasing the company's success in attracting drivers and further solidifying its market position.
- Future Target Setting: Marti Technologies aims to increase its rider count to 4.3 million and drivers to 530,000 by June 30, 2026, demonstrating confidence in future growth and strategic planning for market expansion.
- Strong Market Demand: The rapid growth in both riders and drivers positions Marti Technologies to potentially enhance its market share in Turkey and lays a foundation for future profitability.
See More
Marti Sets 2026 Targets: 4.3 Million Riders and 530,000 Drivers
- Significant User Growth: As of March 17, 2026, Marti's ride-hailing service has reached 3.8 million riders and 490,000 registered drivers, surpassing the March 31, 2026 targets, indicating strong market demand and potential for business expansion.
- Surge in Driver Registrations: Over the past year, the number of registered drivers at Marti has increased by 70%, which not only enhances service availability but also provides economic opportunities for drivers across various income levels, further solidifying the company's market position.
- Market Coverage Expansion: Marti's operations now span 20 markets across Turkey, covering approximately 80% of the country's GDP, indicating an accelerated growth trajectory nationwide, particularly with significant increases in rider and driver proportions outside Istanbul.
- Safety and Service Quality: Marti's drivers have an average rating of 4.8 out of 5 stars, and all drivers undergo formal background checks before acceptance, which not only enhances passenger safety but also boosts brand credibility and customer loyalty.
See More
Marti Launches Shareholder Loyalty Program
- Launch of Loyalty Program: Marti Technologies has announced the launch of its Shareholder Loyalty Program, designed to reward long-term retail shareholders while enhancing the connection between ownership and daily mobility services, thereby promoting sustainable growth.
- Exclusive Benefits: Eligible shareholders will receive special discounts on Marti subscriptions, rentals, rides, and deliveries, which not only increases user engagement but also drives business growth on the rapidly expanding mobility platform.
- Sustainable Transportation Advocacy: The initiative supports the adoption of sustainable urban transportation while maintaining disciplined capital allocation, ensuring a non-dilutive approach to shareholder value creation, reflecting the company's commitment to responsible value generation.
- Alignment with Global Trends: This initiative aligns with a growing global trend among consumer-facing public companies that offer exclusive shareholder benefits, aimed at fostering long-term ownership and deepening brand engagement.
See More
Morguard Real Estate Investment Trust Reports Q4 Earnings
- Earnings Report: Morguard Real Estate Investment Trust reported a GAAP EPS of -$0.12 for Q4, indicating challenges in profitability that may affect investor confidence.
- Revenue Decline: The company generated $63 million in revenue for the fourth quarter, a 6.6% year-over-year decrease, reflecting weak market demand and reduced rental income, which could lead to future cash flow pressures.
- Investor Concerns: Due to poor financial performance, Morguard's dividend score may be impacted, prompting investors to closely monitor its future dividend policies and sustainability.
- Market Reaction: The market reacted cautiously to Morguard's earnings report, with negative earnings potentially leading to stock price volatility, necessitating an assessment of its long-term investment value.
See More
Morguard REIT Declares January 2026 Distribution of 2 Cents per Unit
- Distribution Announcement: Morguard Real Estate Investment Trust has declared a distribution of 2 cents per unit for January 2026, payable on February 13, 2026, reflecting the company's ongoing cash flow stability and commitment to investor returns.
- Record Date: The record date for this distribution is set for January 30, 2026, ensuring that investors holding units by this date will receive the distribution, thereby enhancing investor retention.
- Portfolio Overview: Morguard Trust owns a diversified portfolio of 45 high-quality retail, office, and industrial income-producing properties, totaling approximately 8.1 million square feet of leasable space, showcasing its strong position and diversified investment strategy in the Canadian real estate market.
- Company Background: As a closed-end real estate investment trust, Morguard focuses on providing stable income streams and capital appreciation, aiming to attract long-term investors and enhance its competitive edge in the market.
See More
Marti Sets 3.8M Riders and 485K Drivers Target by March 2026
- Significant User Growth: As of December 31, 2025, Marti's rider count reached 3.38 million, exceeding the target of 3.30 million, indicating strong demand for mobility services in Turkey, which is expected to further drive revenue growth.
- Driver Registrations Surge: The number of registered drivers grew by 26% from August to December 2025, reaching 450,000, demonstrating Marti's success in providing economic opportunities and enhancing its competitive position in the market.
- Market Expansion Strategy: Marti's services now span 20 markets across Turkey, covering approximately 80% of the country's GDP, reflecting nationwide demand growth and supporting the company's long-term development strategy.
- Enhanced Safety Measures: With an average driver rating of 4.8 stars and all drivers undergoing background checks, Marti not only boosts passenger safety but also enhances brand trust, which helps attract more users.
See More
