Marti Technologies, Inc. reports developments for its Türkiye mobility super app, which combines ride-hailing, delivery and rentals of e-mopeds, e-bikes and e-scooters through proprietary software systems and IoT infrastructure. Founded in 2018, the company matches riders with car, motorcycle and taxi drivers and uses its driver network and consumer base for urban transportation and package delivery services.
Recurring news includes annual financial and operating results, ride-hailing rider and registered-driver milestones, national service expansion, delivery launches, shareholder programs, Form 20-F announcements and Class A ordinary share repurchase authorizations.
Marti Technologies (NYSE American: MRT) reported its first positive quarterly operating income, reaching $2.7 million in the third quarter of 2026. Revenue rose 128.1% year over year to $24.7 million, while gross profit increased 176.0% to $20.2 million and gross margin reached 81.5%, versus 67.3% a year earlier. Net loss narrowed 90.9% to $1.0 million. Adjusted EBITDA, a non-GAAP earnings measure, reached $5.6 million versus negative $3.6 million.
Operating cash flow was positive $1.0 million, and cash reached $15.2 million at September 30. Trips increased 45.9% to 21.97 million, although trips per consumer fell 5.3%. Marti reaffirmed 2026 guidance of $85.0 million revenue and $7.0 million Adjusted EBITDA; nine-month Adjusted EBITDA already totaled $8.0 million. A November financing amendment provides future access to up to $100.0 million in convertible notes. Autonomous vehicle testing remains subject to required permits.
Marti Technologies (NYSE American: MRT) will announce its third-quarter 2026 financial and operational results before U.S. markets open on November 9, 2026. The results cover the quarter ended September 30, 2026.
Management will host a conference call and webcast that day at 8:30 a.m. New York time. A replay will follow on the investor relations website, where the results presentation will also be available on November 9.
Marti Technologies (NYSE American: MRT) announced a partnership with CalmCar to bring autonomous driving technology to its mobility platform in Türkiye. The first vehicle equipped with CalmCar’s technology has arrived in Türkiye. Marti expects to begin closed-area testing in Istanbul, subject to obtaining required test permits.
Marti plans to work with multiple autonomous driving partners and select technologies suited to Türkiye. Following launch, the company expects consumers to experience the technology through the Marti app. No launch date was announced.
Marti Technologies (MRT) launched ride-hailing service in 10 additional Turkish cities, bringing its service footprint to 40 cities nationwide. Its markets now represent approximately 90% of Türkiye’s GDP, up from approximately 85% previously. The expansion follows launches in 10 new cities in August 2026.
Riders outside Istanbul represented 47% of Marti’s ride-hailing riders as of October 27, 2026, versus 36% a year earlier. Registered drivers outside Istanbul accounted for 38%, up from 28% over the same period. Marti reaffirmed fiscal 2026 guidance of $85 million in revenue and $7 million in Adjusted EBITDA, an adjusted earnings measure before interest, taxes, depreciation and amortization. The company expects the new city launches to add to financial performance starting in 2028.
Marti Technologies (MRT) doubled its share repurchase authorization from $2.5 million to $5.0 million and extended the program through April 26, 2027. The Board kept the repurchase price ceiling at $6.00 per Class A ordinary share. Approximately $3.8 million remained available under the program as of September 9, 2026, when Marti’s shares closed at $2.13.
Since launching the program in January 2024, Marti has repurchased 795,467 Class A ordinary shares at an average price of $1.95, for an aggregate purchase price of about $1.6 million. The expanded authorization is effective immediately and may be modified, suspended or discontinued by the Board before April 2027.
Marti Technologies (MRT) reported its ride-hailing service reached 4.90 million riders and 584 thousand drivers, exceeding September 30, 2026 targets.
Targets for that date were 4.90 million riders and 580 thousand registered drivers. From September 2, 2025 to September 2, 2026, ride-hailing riders increased 85% and registered drivers grew 57%. Encouraged by this growth, the company set new targets of 5.65 million riders and 630 thousand drivers by December 31, 2026.
Marti’s ride-hailing network now spans 30 cities across Türkiye after a 10-city launch in August 2026, covering about 85% of national GDP. The share of riders outside Istanbul rose from 35% to 46%, and drivers from 26% to 36%, highlighting nationwide demand. Citing McKinsey & Company, Marti notes the Turkish taxi market was estimated at $9–$12 billion in 2021, with a potential ride-hailing market of $15–$20 billion by 2030 under a disruptive scenario.
Marti (NYSE American: MRT) reported record Q2 2026 results, with revenue up 140.7% year-over-year to $20.0 million, driven mainly by subscription-based platform monetization. Trips rose 73.2% to 18.78 million and unique platform consumers increased 76.4% to 2.36 million, supported by rapid ride-hailing expansion.
Gross profit grew 222.8% to $15.3 million, lifting gross margin to 76.6–77%. Adjusted EBITDA turned positive at $2.9 million (15% margin), while net loss widened to $(12.5) million largely due to an $8.3 million one-time non-cash loss on debt extinguishment. Marti raised its 2026 guidance to $85 million revenue and $7 million Adjusted EBITDA, reaffirmed September 30, 2026 rider and driver targets, expanded ride-hailing to 30 cities, maintained a $2.5 million share repurchase program with $2.2 million remaining, and entered a multi-year autonomous vehicle partnership with Tensor.
Marti Technologies (NYSE American: MRT) will release its financial and operational results for the quarter ended June 30, 2026 before U.S. markets open on Wednesday, August 19, 2026. Management will discuss the 2026 second quarter results on a same-day conference call and live webcast.
Marti Technologies (NYSE American: MRT) has launched its ride-hailing service in 10 additional cities across Türkiye, expanding availability from 20 to 30 cities and increasing coverage from approximately 80% to about 85% of Türkiye’s GDP. The expansion responds to demand and supply trends outside Istanbul that Marti reports as exceeding expectations.
As of August 11, 2026, 45% of ride-hailing riders and 36% of registered drivers are based outside Istanbul, up from 35% and 25% respectively a year earlier. New markets include Balıkesir, Çanakkale, Edirne, Erzurum, Hatay, Kahramanmaraş, Sivas, Şanlıurfa, Trabzon, and Van, chosen for demonstrated demand and limited transport alternatives. Marti reaffirms its fiscal 2026 guidance of $85 million in revenue and $7 million in Adjusted EBITDA and expects the new launches to be accretive to financial performance starting in 2027.
Marti Technologies (NYSE American: MRT) raised its fiscal year 2026 guidance, now expecting $85 million in revenue and $7 million in adjusted EBITDA, compared with prior guidance of $70 million and $1 million, respectively, for the year ending December 31, 2026.
The revised outlook implies a 21% increase in expected 2026 revenue (+$15 million) and a 600% increase in adjusted EBITDA (+$6 million), which Marti attributes to larger addressable markets in its Turkish cities, faster rider and driver adoption, and higher gross margins from operating leverage and marketplace efficiency. Management states this guidance reflects confidence in pursuing profitable growth across Türkiye. Marti also plans to report second quarter 2026 results in August 2026 and discuss the drivers of the new guidance. The company notes adjusted EBITDA is a non-GAAP metric and that guidance is subject to significant risks and uncertainties.