Marti Technologies Stock Price, News & Analysis

Marti Technologies (NYSE American: MRT), Türkiye's leading mobility super app, has been added to the S&P Global Broad Market Index (BMI) effective September 22, 2025. This milestone achievement increases the company's visibility to index-tracking and new investors as it continues to expand its ride-hailing operations.

The S&P Global BMI is a comprehensive equity market index that includes over 14,000 companies across developed and emerging markets, using a transparent and consistent methodology for all countries, including Türkiye.

["Inclusion in the prestigious S&P Global BMI index", "Increased visibility to index-tracking and new investors", "Strong momentum in ride-hailing business expansion"]

Marti Technologies (NYSE American: MRT), Türkiye's leading mobility super app, reported strong financial results for H1 2025. The company achieved 70% YoY revenue growth to $14.3M and narrowed its net loss by 12% to $19.3M. The improved performance was primarily driven by the successful monetization of its ride-hailing service, which began in October 2024.

Key operational highlights include 107% YoY growth in unique ride-hailing riders to 2.28M and 92% YoY increase in registered drivers to 327,000. Marti expanded its ride-hailing service to six new cities, increasing its addressable market by 1.5x to 42.2M people. The company reaffirmed its FY2025 guidance of $34.0M in revenue and $(17.0)M in Adjusted EBITDA.

Marti Technologies (NYSE American: MRT), Türkiye's leading mobility super app, has scheduled the release of its 2025 First Half Results before U.S. markets open on September 22, 2025.

The company will host an analyst and investor conference call and webcast to discuss the results at 3:30 p.m. Istanbul / 1:30 p.m. London / 8:30 a.m. New York time. Investors can access the live webcast through the company's provided link, with a replay and presentation materials to be available on Marti's Investor Relations website.

Marti Technologies (NYSE American: MRT), Türkiye's leading mobility super app, has exceeded its September 30, 2025 ride-hailing targets ahead of schedule, reaching 2.52 million riders and 357,000 registered drivers by August 12, 2025.

The company demonstrated strong growth with a 17% increase in riders and 14% growth in drivers from June to August 2025. In Istanbul alone, Marti has 266,000 drivers, significantly outpacing the city's 20,000 taxis. The company has set new ambitious targets of 3.30 million riders and 450,000 drivers by December 31, 2025.

Marti's geographic expansion beyond Istanbul shows promising results, with rider share outside Istanbul growing from 13% to 24% and driver share increasing from 18% to 26%. The Turkish ride-hailing market potential is estimated at $15-20 billion by 2030.

Marti Technologies (NYSE American: MRT), Türkiye's leading mobility super app, has announced a significant shift in its treasury management strategy by incorporating crypto assets. The company will initially allocate 20% of its cash reserves to Bitcoin, with the flexibility to increase this allocation to up to 50% and expand into other cryptocurrencies like Ethereum and Solana.

The digital assets will be managed through a regulated, institutional-grade custodian, ensuring compliance with applicable laws and security best practices. CEO Oguz Alper Oktem emphasized that this decision reflects the company's view of cryptocurrencies as long-term stores of value and hedges against systemic financial risk.

Marti Technologies (NYSE American: MRT), Türkiye's leading mobility super app and ride-hailing operator, has announced its investment plan for 2025-2026. The plan focuses on two key initiatives: expanding into six new cities (Bursa, Konya, Adana, Kocaeli, Mersin, and Kayseri) and growing its ride-hailing team.

The expansion will increase the company's service coverage from 28.8 million to 42.2 million people, representing a 1.5x growth in population served. To facilitate growth in new markets, Marti will waive driver subscription fees in these cities for 2025. The company also plans to expand its ride-hailing team from 180 to approximately 260 people, focusing on technology, product, and business operations.

While maintaining its 2025 revenue forecast of $34.0 million, Marti has revised its adjusted EBITDA forecast from $3.0M to -$17.0M to accommodate these investments.

Marti Technologies (NYSE American: MRT), Türkiye's leading mobility super app, has appointed Co-founder and President Cankut Durgun to the additional role of Chief Operating Officer, effective June 12, 2025. In his expanded position, Durgun will maintain his leadership of strategic initiatives while taking on responsibility for daily operations, focusing on scaling the company's ride-hailing and two-wheeled electric vehicle operations. Durgun, who co-founded Marti in 2018, brings significant experience from his previous roles as co-founder and general partner at venture capital firms Aslanoba Capital and Romulus Capital. He holds a BS in Economics and Management Science from MIT and an MBA from Stanford University.

Marti Technologies (NYSE: MRT), Türkiye's leading mobility super app, has surpassed its June 30, 2025 targets ahead of schedule, reaching 2.15 million riders and 314,000 registered drivers by June 3, 2025. The company demonstrated strong growth with rider numbers increasing 12.7% and driver numbers growing 8.3% from March to June 2025. In Istanbul alone, Marti has 241,000 registered drivers, significantly outnumbering the city's 20,000 taxis by 12 times. The company maintains high service standards with drivers undergoing formal background checks and achieving an average rating of 4.8/5 stars. Setting ambitious new targets, Marti aims to reach 2.50 million riders and 350,000 registered drivers by September 30, 2025. According to McKinsey & Company, Türkiye's taxi market size was estimated at $9-12 billion in 2021, with potential growth to $15-20 billion by 2030 under their "Disruptive Scenario."

Marti Technologies (NYSE American: MRT), Türkiye's leading mobility super app, has announced the filing of its annual report on Form 20-F with the SEC for the fiscal year ended December 31, 2024. The report, which includes the company's financial results, is now accessible on Marti's investor relations website under the "Financial Info" section at https://ir.marti.tech/. Shareholders can also request a free hard copy of the complete financial statements.