Marti Technologies (MRT)
:MRT
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Marti Technologies
(MRT)
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Rating:45Neutral
Price Target:
$2.00
▼(-1.96% Downside)
Action:ReiteratedDate:12/31/25
The score is held down primarily by weak financial performance (losses, negative free cash flow, and negative equity/leverage risk) and bearish technicals (below key moving averages with negative MACD). The earnings call guidance and strong ride-hailing growth provide a partial offset, but valuation support is limited due to losses and no dividend.
Positive Factors
Market leadership in Türkiye
Clear market leadership in Türkiye provides a durable competitive advantage: leading brand, distribution and scale in the home market support pricing power, partner access, and faster rollouts. This market position anchors growth and long-term monetization potential in core geographies.
Negative Factors
Highly levered balance sheet / negative equity
Significantly negative equity and heavy leverage create structural solvency and refinancing risk. Reliance on debt limits flexibility for strategic investments, increases default risk during downturns, and can force dilutive financing, constraining long-term value creation.
Read all positive and negative factors
Positive Factors
Negative Factors
Market leadership in Türkiye
Clear market leadership in Türkiye provides a durable competitive advantage: leading brand, distribution and scale in the home market support pricing power, partner access, and faster rollouts. This market position anchors growth and long-term monetization potential in core geographies.
Read all positive factors
Marti Technologies (MRT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$160.57M
Dividend YieldN/A
Average Volume (3M)18.52K
Price to Earnings (P/E)―
Beta (1Y)0.40
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees442
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)N/A
Shares Outstanding78,708,470
10 Day Avg. Volume21,588
30 Day Avg. Volume18,522
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)-3.25
Price to Sales (P/S)10.71
P/FCF Ratio-7.87
Enterprise Value/Market Cap1.49
Enterprise Value/Revenue9.76
Enterprise Value/Gross Profit43.22
Enterprise Value/Ebitda-4.48
Forecast
1Y Price Target
$5.00Price Target Upside145.10% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Marti Technologies Business Overview & Revenue Model
Company Description
Marti Technologies Inc. provides urban transportation services to riders in Turkey. It also operates a mobility app that provides multiple transportation services to its riders; and operates a fleet of e-mopeds, e-bikes, and e-scooters. The compan...
How the Company Makes Money
Marti Technologies generates revenue through multiple streams, primarily by offering subscription-based access to its software solutions and analytics platforms. The company charges clients a monthly or annual fee based on the size of their operat...
Marti Technologies Key Performance Indicators (KPIs)
Marti Technologies Financial Statement Overview
Summary
Income Statement
25
Negative
Balance Sheet
20
Very Negative
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.58M | 18.66M | 20.03M | 24.99M | 17.00M | 9.76M |
| Gross Profit | 5.55M | -2.89M | -3.95M | -1.99M | 598.13K | 244.84K |
| EBITDA | -53.50M | -56.62M | -17.00M | -3.26M | -3.54M | 1.01M |
| Net Income | -71.29M | -73.88M | -33.81M | -14.25M | -14.47M | -4.63M |
Balance Sheet | ||||||
| Total Assets | 17.22M | 20.38M | 40.21M | 40.88M | 38.99M | 13.64M |
| Cash, Cash Equivalents and Short-Term Investments | 4.21M | 5.15M | 19.42M | 10.50M | 13.22M | 3.50M |
| Total Debt | 83.42M | 75.25M | 65.94M | 26.50M | 14.33M | 9.44M |
| Total Liabilities | 90.38M | 81.82M | 72.91M | 33.28M | 18.47M | 10.96M |
| Stockholders Equity | -73.16M | -61.44M | -32.70M | 7.60M | 20.52M | 2.69M |
Cash Flow | ||||||
| Free Cash Flow | -20.13M | -25.41M | -19.71M | -13.66M | -2.38M | -15.62M |
| Operating Cash Flow | -19.60M | -25.08M | -14.87M | -5.47M | 2.59M | 2.10M |
| Investing Cash Flow | -589.79K | -1.04M | -4.82M | -8.16M | -22.89M | -17.71M |
| Financing Cash Flow | 15.43M | 11.84M | 28.61M | 11.26M | 43.09M | 32.45M |
Marti Technologies Technical Analysis
Neutral
2.04
Price Trends
2.05
Negative
2.17
Negative
2.34
Negative
Market Momentum
-0.01
Negative
49.61
Neutral
73.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MRT, the sentiment is Neutral. The current price of 2.04 is above the 20-day moving average (MA) of 2.03, below the 50-day MA of 2.05, and below the 200-day MA of 2.34, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 49.61 is Neutral, neither overbought nor oversold. The STOCH value of 73.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MRT.
Marti Technologies Risk Analysis
Marti Technologies disclosed 81 risk factors in its most recent earnings report. Marti Technologies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
Market conditions, economic uncertainty or downturns could adversely affect our business, financial condition, operating results and our ability to consummate a Business Combination. Q1, 2023
Marti Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $167.03M | 36.20 | 3.06% | ― | 14.47% | 11.29% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | $76.10M | -40.31 | -47.80% | ― | 18.57% | -2.15% | |
50 Neutral | $62.36M | 44.82 | 3.65% | ― | 0.59% | ― | |
49 Neutral | $72.62M | -6.51 | -16.00% | ― | 4.71% | 11.12% | |
45 Neutral | $160.57M | -5.81 | 105.93% | ― | ― | ― | |
43 Neutral | $61.75M | -0.12 | -127.56% | ― | 30.91% | -1632.95% |
* Technology Sector Average
MRT
Marti Technologies
2.04
-1.07
-34.41%
AEYE
AudioEye
6.09
-5.20
-46.06%
MAPS
WM Technology
0.39
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-62.31%
PERF
Perfect Corp
1.64
-0.04
-2.38%
TEAD
Teads Holding
0.64
-2.69
-80.69%
EXFY
Expensify
0.78
-1.95
-71.43%
Marti Technologies Corporate Events
Marti Technologies Shareholders Reappoint Class III Directors at 2025 AGM
Dec 29, 2025
On December 24, 2025, Marti Technologies, Inc. held its 2025 annual general meeting of shareholders at its Istanbul headquarters, with holders of 53,779,717 Class A ordinary shares present or represented by proxy, representing about 66.54% of the ...
Marti Technologies Schedules 2025 Annual Meeting for Director Re-appointments
Nov 26, 2025
Marti Technologies, Inc. announced its 2025 Annual General Meeting of Shareholders, scheduled for December 24, 2025, in Istanbul, Türkiye. The meeting will address the re-appointment of Oguz Alper Öktem and Daniel Freifeld as Class III D...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.