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MarketBeat
Mon, April 13, 2026 astatine 10:43 AM CDT 7 min read
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Marti scaled into a existent multi-service "mobility ace app," expanding ride-hailing into 16 much cities and launching transportation successful Istanbul—now operating 8 services crossed 20 cities with 160.2 cardinal all-time trips and millions of users and drivers.
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Financials improved sharply successful 2025 arsenic gross much than doubled to $39.2 million, outgo of revenues fell 29%, gross nett swung from a $2.9 cardinal nonaccomplishment to a $24.0 cardinal nett (gross borderline to ~61%), and adjusted EBITDA nonaccomplishment narrowed to $12.1 million.
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Management targets $70 million successful 2026 gross and affirmative adjusted EBITDA (~$1 million) portion relying connected continued monetization rollout, dynamic pricing, AI-driven efficiencies, and existing liquidity (about $8 cardinal currency positive convertible-note gully capacity).
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Marti Technologies (NYSEAMERICAN:MRT) executives highlighted accelerated expansion, crisp borderline improvement, and accelerating monetization during the company’s full-year 2025 net call, positioning the institution arsenic a “mobility ace app” successful Turkey with 8 services operating crossed 20 cities.
Founder and CEO Oguz Alper Oktem said 2025 was a cardinal twelvemonth successful which Marti “successfully scaled into a existent multi-service mobility platform,” including expanding its ride-hailing footprint into 16 further cities and launching transportation services successful Istanbul. The institution present offers car, motorcycle, and taxi ride-hailing; motorcycle and car delivery; and an owned and operated fleet of e-bikes, e-mopeds, and e-scooters.
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Oktem described Marti arsenic the “number 1 municipality mobility app successful Turkey crossed some iOS and Android platforms,” and said the level has reached 160.2 cardinal all-time trips and 7.4 cardinal unsocial level consumers since launch. He added that arsenic of the archetypal 4th of 2026, Marti had reached 3.8 cardinal all-time unsocial ride-hailing riders and 490,000 registered drivers.
Co-Founder, President, and COO Cankut Durgun said the institution “delivered beardown maturation crossed our level portion continuing to amended profitability.” He reported full trips roseate 60% year-over-year to 50.8 million, portion unsocial level consumers who utilized Marti astatine slightest erstwhile during the twelvemonth accrued 44% to 3.1 million. Trips per unsocial level user roseate 11% to 16.5.
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Marti’s gross much than doubled to $39.2 million, a 110% year-over-year increase, which absorption attributed to the “first afloat twelvemonth of platform-level monetization,” dynamic pricing, scaling, and accrued user engagement. Oktem said gross exceeded the company’s guidance by $5.2 million.
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