Marti Technologies Reports 110.3% Revenue Growth in FY25
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 13 2026
0mins
Should l Buy MRT?
Source: seekingalpha
- Revenue Exceeds Expectations: Marti Technologies achieved FY25 revenue of $39.2 million, reflecting a 110.3% year-over-year increase, surpassing the $34.0 million guidance by $5.2 million, indicating the success of its platform monetization strategy, particularly through subscription packages launched in October 2024.
- Significant User Growth: The number of unique platform consumers reached 3.08 million, an increase of 940,000 or 44.3%, primarily driven by the rising adoption of ride-hailing services, demonstrating improved market penetration and user acceptance.
- Service Usage Surge: Total rides across ride-hailing, delivery, and two-wheeled electric vehicle services reached 50.84 million, up 19.13 million or 60.3% from 31.71 million in FY24, reflecting strong growth in the company's service offerings.
- Optimistic Future Outlook: Marti reaffirms its targets for June 30, 2026, aiming for 4.3 million unique ride-hailing riders and 530,000 registered drivers, showcasing the company's confidence in future growth and market potential.
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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.
Marti Technologies Inc. Reports Doubling Revenue and Improved Margins
- Significant Revenue Growth: Marti Technologies Inc. reported revenue exceeding $39.2 million in 2025, more than doubling year-over-year and surpassing guidance by $5.2 million, reflecting strong market demand and business expansion capabilities.
- Dramatic Margin Improvement: The gross profit margin improved from negative 15.5% to 61.1%, indicating substantial progress in operational efficiency, which is expected to enhance future profitability.
- User Base Expansion: Unique platform consumers increased by 44% year-over-year to 3.1 million, while ride-hailing users grew by 103% to 3.4 million, demonstrating the company's strong appeal in the urban mobility market.
- Effective Cost Control: Cost of revenues declined by 29% to $15.3 million, and general administrative expenses decreased by 43% to $28.1 million, showcasing the company's effectiveness in resource allocation and cost management, laying a solid foundation for future profitability.
See More
Marti Technologies Reports 110.3% Revenue Growth in FY25
- Revenue Exceeds Expectations: Marti Technologies achieved FY25 revenue of $39.2 million, reflecting a 110.3% year-over-year increase, surpassing the $34.0 million guidance by $5.2 million, indicating the success of its platform monetization strategy, particularly through subscription packages launched in October 2024.
- Significant User Growth: The number of unique platform consumers reached 3.08 million, an increase of 940,000 or 44.3%, primarily driven by the rising adoption of ride-hailing services, demonstrating improved market penetration and user acceptance.
- Service Usage Surge: Total rides across ride-hailing, delivery, and two-wheeled electric vehicle services reached 50.84 million, up 19.13 million or 60.3% from 31.71 million in FY24, reflecting strong growth in the company's service offerings.
- Optimistic Future Outlook: Marti reaffirms its targets for June 30, 2026, aiming for 4.3 million unique ride-hailing riders and 530,000 registered drivers, showcasing the company's confidence in future growth and market potential.
See More
Marti Technologies to Announce 2025 Fiscal Year Results
- Earnings Announcement Schedule: Marti Technologies is set to release its financial and operational results for the fiscal year ending December 31, 2025, before U.S. markets open on April 13, 2026, reflecting the company's commitment to transparency and investor communication.
- Conference Call Details: Management will host an analyst and investor conference call on the same day at 3:30 p.m. Istanbul time, 1:30 p.m. London time, and 8:30 a.m. New York time, aimed at providing in-depth insights into the results and addressing investor inquiries.
- Webcast Access: Investors can access the live webcast of the conference call via Marti's Investor Relations website, enhancing interaction and information sharing between the company and its investors.
- Company Background: Founded in 2018, Marti is Türkiye's leading mobility super app, offering a variety of transportation services including ride-hailing, delivery, and rental of e-scooters, showcasing its competitive edge in the rapidly evolving mobility market.
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
Marti Technologies Inc. Reports Doubling Revenue and Improved Margins
- Significant Revenue Growth: Marti Technologies Inc. reported revenue exceeding $39.2 million in 2025, more than doubling year-over-year and surpassing guidance by $5.2 million, reflecting strong market demand and business expansion capabilities.
- Dramatic Margin Improvement: The gross profit margin improved from negative 15.5% to 61.1%, indicating substantial progress in operational efficiency, which is expected to enhance future profitability.
- User Base Expansion: Unique platform consumers increased by 44% year-over-year to 3.1 million, while ride-hailing users grew by 103% to 3.4 million, demonstrating the company's strong appeal in the urban mobility market.
- Effective Cost Control: Cost of revenues declined by 29% to $15.3 million, and general administrative expenses decreased by 43% to $28.1 million, showcasing the company's effectiveness in resource allocation and cost management, laying a solid foundation for future profitability.
See More
Marti Technologies Reports 110.3% Revenue Growth in FY25
- Revenue Exceeds Expectations: Marti Technologies achieved FY25 revenue of $39.2 million, reflecting a 110.3% year-over-year increase, surpassing the $34.0 million guidance by $5.2 million, indicating the success of its platform monetization strategy, particularly through subscription packages launched in October 2024.
- Significant User Growth: The number of unique platform consumers reached 3.08 million, an increase of 940,000 or 44.3%, primarily driven by the rising adoption of ride-hailing services, demonstrating improved market penetration and user acceptance.
- Service Usage Surge: Total rides across ride-hailing, delivery, and two-wheeled electric vehicle services reached 50.84 million, up 19.13 million or 60.3% from 31.71 million in FY24, reflecting strong growth in the company's service offerings.
- Optimistic Future Outlook: Marti reaffirms its targets for June 30, 2026, aiming for 4.3 million unique ride-hailing riders and 530,000 registered drivers, showcasing the company's confidence in future growth and market potential.
See More
Marti Technologies to Announce 2025 Fiscal Year Results
- Earnings Announcement Schedule: Marti Technologies is set to release its financial and operational results for the fiscal year ending December 31, 2025, before U.S. markets open on April 13, 2026, reflecting the company's commitment to transparency and investor communication.
- Conference Call Details: Management will host an analyst and investor conference call on the same day at 3:30 p.m. Istanbul time, 1:30 p.m. London time, and 8:30 a.m. New York time, aimed at providing in-depth insights into the results and addressing investor inquiries.
- Webcast Access: Investors can access the live webcast of the conference call via Marti's Investor Relations website, enhancing interaction and information sharing between the company and its investors.
- Company Background: Founded in 2018, Marti is Türkiye's leading mobility super app, offering a variety of transportation services including ride-hailing, delivery, and rental of e-scooters, showcasing its competitive edge in the rapidly evolving mobility market.
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
