Business Wire·May 21, 2026, 6:00 AM ET

Marti Delivers 156% Revenue Growth, 72% Gross Profit Margin in First Quarter 2026, with Significant Improvement in Profitability; Reaffirms Guidance

Marti Technologies reported Q1 2026 revenue of $15.4 million, a 156% increase year-over-year, driven by ride-hailing momentum & platform subscription packages.
Total trips reached 16.2 million (up 93% YoY), while unique platform consumers grew 89% to 2.1 million.
Gross profit margin expanded significantly to 72%, up 3,510 basis points from the prior year period, despite a 14% rise in cost of revenues.
Net loss narrowed 26% to $7.4 million, & Adjusted EBITDA improved by $3.1 million to a loss of $0.5 million.
All-time unique ride-hailing riders increased 101% to 3.89 million, & registered drivers grew 70% to 496,000.
The company operates across 20 cities in Türkiye, with selective expansion of two-wheeled electric vehicle services into two new cities.
Average daily two-wheeled electric vehicles deployed decreased 19.9% to 20,422 as older fleet units were retired.
Marti reaffirmed FY 2026 guidance for $70.0 million in revenue & $1.0 million in Adjusted EBITDA, targeting its first full year of positive Adjusted EBITDA.
The company announced a new $2.5 million share repurchase program valid until October 2026 with a ceiling price of $6.00 per share.
Convertible notes totaled $13.0 million issued as of March 31, 2026, out of a potential $23.0 million in the April 2025 agreement, with an additional $100.0 million facility available but undrawn.