Marti Technologies Reports Strong 2024 Results, Projects Growth in 2025

The latest announcement is out from Marti Technologies ( (MRT) ).

On April 29, 2025, Marti Technologies announced its financial and operational results for the year 2024, highlighting significant growth in its ride-hailing service. The company reported $18.7 million in revenue and a net loss of $73.9 million, surpassing its revenue guidance due to the monetization of its ride-hailing service starting in October 2024. Marti aims to almost double its revenue in 2025, projecting $34 million, and achieve positive Adjusted EBITDA, driven by continued expansion and monetization of its ride-hailing operations. The company also completed the acquisition of Zoba’s intellectual property and software assets in February 2024, enhancing its capabilities in fleet optimization for two-wheeled electric vehicles.

Spark’s Take on MRT Stock

According to Spark, TipRanks’ AI Analyst, MRT is a Neutral.

Marti Technologies exhibits strong technical momentum and some positive developments in operational efficiency and ride-hailing growth. However, significant financial challenges, including high leverage and negative cash flow, weigh heavily on the overall score. The mixed earnings call sentiment highlights both potential and risk, with the need for effective monetization strategies remaining critical.

To see Spark’s full report on MRT stock, click here.

More about Marti Technologies

Marti Technologies, Inc. is a leading mobility super app based in Türkiye, primarily offering ride-hailing services. The company is focused on the Turkish market and is the only provider offering ride-hailing services at scale in the country.

YTD Price Performance: -5.95%

Average Trading Volume: 49,385

Technical Sentiment Signal: Sell

Current Market Cap: $181.2M

For detailed information about MRT stock, go to TipRanks’ Stock Analysis page.