Business Wire·Aug 19, 2026, 6:54 AM ET

Marti Achieves Record Second Quarter with 141% Revenue Growth, 77% Gross Profit Margin, Significant Improvement in Profitability, and Increased Guidance

MRT

Marti Technologies reported record second quarter 2026 results with revenue growing 141% year-over-year to $20.0 million.
The company achieved positive Adjusted EBITDA for the first time at $2.9 million, an improvement of $5.3 million from the prior year period.
Gross profit margin expanded significantly to 77%, up from 57.1% in the second quarter of 2025, driven by platform monetization & operating leverage.
Ride-hailing trips increased 73% year-over-year to 18.8 million, while unique platform consumers grew 76% to 2.4 million.
All-time unique ride-hailing riders surged 95% to 4.44 million, & registered drivers increased 66% to 544,000.
Net loss widened to $12.5 million due to an $8.3 million non-cash loss on debt extinguishment, though this would have been $4.2 million without that one-time charge.
Marti raised its full-year 2026 revenue guidance to $85.0 million & Adjusted EBITDA guidance to $7.0 million.
The company expanded its operational footprint to 30 cities across Türkiye, representing approximately 85% of the national GDP.
A strategic partnership was announced with Tensor to deploy autonomous vehicles on the Marti platform in 2026.
General & administrative expenses rose 34.6% to $7.4 million, primarily due to higher personnel costs associated with team expansion.
The company announced a $2.5 million share repurchase program in April 2026, with approximately $2.2 million remaining available as of June 30, 2026.
Average daily two-wheeled electric vehicles deployed decreased 13.2% to 20,922 as the company retired older fleet units to optimize utilization.
Marti reaffirmed its targets for September 30, 2026, aiming for 4.9 million all-time unique riders & 580,000 registered drivers.