Business Wire·Apr 13, 2026, 6:46 AM ET

Marti Revenue Increases 110%, Delivers 61% Gross Profit Margin for Full-Year 2025

Marti Technologies reported full-year 2025 revenue of $39.2M, a 110% year-over-year increase that exceeded its guidance by $5.2M.
Adjusted EBITDA improved to $(12.1)M, narrowing the loss by $7.2M year-over-year and beating guidance by $4.9M.
Gross profit margin turned positive to 61% from a negative 15% in the prior year, driven by a 29% reduction in cost of revenues.
All-time unique ride-hailing riders reached 3.38M (up 103% YoY) and registered drivers reached 450k (up 72% YoY), surpassing annual targets.
The company expanded its footprint to 20 markets across Türkiye, covering cities representing approximately 80% of the country's GDP.
Marti launched a same-hour delivery service in October 2025 to leverage its existing driver network for multi-service growth.
Net loss narrowed by 43.9% to $41.4M, with General & Administrative expenses decreasing 43% to $28.1M.
Financing activities included the issuance of $13.0M in convertible notes in April 2025 and a new agreement for up to $100.0M in October 2025.
The company reaffirmed full-year 2026 guidance of $70.0M in revenue and $1.0M in Adjusted EBITDA.
Marti set targets for June 30, 2026, aiming for 4.3M all-time unique riders and 530k registered drivers.
Average daily two-wheeled electric vehicles deployed decreased 29% to 23.2k as older fleet units were retired.