MRT · AMEX · Software - Application

Marti Technologies (MRT)

Combines ride-hailing, delivery, and shared two-wheeled electric vehicles through one Türkiye-focused app.

$1.99
vs last close+0.05 (+2.58%)
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Marti Technologies, Inc.MRT
Information Technology

Matches riders with car, motorcycle, and taxi drivers while renting its own e-scooters, e-bikes, and e-mopeds. Subscription packages connect those services, joining an asset-light marketplace to an owned fleet in Türkiye.

Runs a single app for car-, motorcycle-, and taxi-hailing, package delivery, and shared e-scooter, e-bike, and e-moped rentals. The platform matches riders and drivers, handles routing, dispatch, pricing, and payment utilities, while company-owned two-wheeled vehicles generate per-trip rental revenue. Fixed-period subscriptions span ride-hailing, delivery, and two-wheeled services.

Operates entirely in Türkiye, with ride-hailing across Turkish cities and fleet service centered on Istanbul, Izmir, and Antalya. Keeps platform development, fleet operations, and operational support in-house, using applications, IoT monitoring, and predictive-maintenance tools to coordinate the fleet. Ride-hailing legality remains under appeal; fleet use depends on national, city, and district permits, and the app is distributed through mobile storefronts.

Company facts

CEOOğuz Alper Öktem
ListedJul 11, 2023
ExchangeAMEX
HeadquartersIstanbul, Türkiye
CountryTürkiye
Employees473
CIK0001852767
ISINUS5731341039

Market cap$166.9M
EPS (ttm)−$0.4963
P/E (ttm)−3.91
ROE
P/B
P/S2.77
Dividend yieldDiv yield
Beta0.16vs XLK 0.18

Price target$3.50+80.4%Average of 2 analysts
ConsensusBuy1 of 2 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 24, 2026Cantor FitzgeraldReiterate
Rating: Target: $2.40
Rating: NeutralTarget: $2.20
Aug 20, 2026Roth CapitalTarget
Target:
Target: $3.50
Jul 2, 2026Alliance Global PartnersInitiate
Rating:
Rating: Buy
Jul 2, 2026Industrial Alliance SecuritiesTarget
Target:
Target: $4
May 26, 2026Cantor FitzgeraldTarget
Target:
Target: $2.40

Next report
Nov 18, 26
estimated · in 57 days
EPS estimate
−$0.04
Revenue estimate
$23.1M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25Apr '25Sep '25Sep '25Apr '26May '26Aug '26Nov '26
Reported−$0.37−$0.88−$0.29−$0.13−$0.29−$0.09−$0.15Pending
Estimate−$0.31−$0.37−$0.31−$0.31−$0.29−$0.35−$0.07−$0.04
Surprise−19.4%−136.5%+8.1%+58.1%0.0%+74.3%−130.8%

RevenueReportedEstimate

Feb '25Apr '25Sep '25Sep '25Apr '26May '26Aug '26Nov '26
Reported$8.2M$10.3M$14.3M$12.5M$24.9M$15.4M$20.0MPending
Estimate$8.2M$8.2M$14.4M$14.4M$20.0M$8.3M$18.4M$23.1M
Surprise−0.1%+25.1%−0.7%−13.6%+24.8%+85.9%+8.6%
Estimate−$0.04
ReportedDue Nov 18, 2026
Estimate$23.1M
ReportedDue Nov 18, 2026
View details

Current ratio135.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$5.1M$5.1M$7.2M$7.2M$12.5M$12.5M$15.4M$20.0M
Net income−$26.0M−$26.0M−$9.6M−$9.6M−$11.1M−$11.1M−$7.4M−$12.5M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$23.5M−$23.5M−$6.3M−$6.3M−$8.0M−$8.0M$555.5K$4.8M
YoY growthLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss narrowedTurned profitTurned profit

Balance sheet, Jun 30, 2026Cash & short-term investments $12.5M · Total debt $107.0M · Total assets $32.4M · Shareholders' equity −$83.8M

Revenue
$20.0M
Operating income
$4.8M
Net income
−$12.5M
View details

No dividends on record.

Institutions13.86%11.93M shares
16 holders · as of Jun 30, 2026
Insiders26.13%22.49M shares
2 holders · as of Apr 24, 2026
Other60.01%51.63M shares
remainder

86.04M company shares as of Sep 10, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Oguz Alper OktemInsider
16.59%14.28Mfiled Apr 24, 2026
Yousef HammadInsider
9.54%8.21Mfiled Oct 29, 2025
DLD Asset Management, LPInstitution
8.21%7.06Mas of Jun 30, 2026
Gramercy Funds Management LLCInstitution
2.99%2.57Mas of Jun 30, 2026
Wells Fargo & Company/MNInstitution
1.16%1.00Mas of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

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