Marti Sees Adjusted EBITDA of $17M in 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2025
0mins
Sees adjusted EBITDA ($17M). "Our performance in 2025 reflects the strength of our execution and the significant opportunity ahead for Marti," said Oguz Alper Oktem, CEI, "We are on track to exceed our 2025 guidance, driven by continued momentum in ride-hailing as we expand across the country and serve a large, under-developed transportation and last-mile market in Turkiye. Looking ahead to 2026, we see a clear path to more than doubling revenue and achieving positive EBITDA as we scale monetization and introduce new services, including deliveries, that further leverage our platform."
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Analyst Views on MRT
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.
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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.
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