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Marti Technologies, Inc.

MRT Clue Score41
Cayman Islands Fiscal year ends December CIK 0001852767
$1.86 +0.54% Close, 9 Oct 2026
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Price $1.86 +148.00% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 11 Jul 2023. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2021Revenue17.0Operating income−9.1Net income−14.5EPS, diluted−0.42Fiscal year 2022Revenue25.0 +47.0%Operating income−14.9Net income−0.8EPS, diluted−0.32Fiscal year 2023Revenue20.0 −19.8%Operating income−30.6Net income−33.8EPS, diluted−0.67Fiscal year 2024Revenue18.7 −6.8%Operating income−65.3Net income−73.9EPS, diluted−1.25Fiscal year 2025Revenue39.2 +110.3%Operating income−28.5Net income−41.4EPS, diluted−0.53
FY2021FY2022FY2023FY2024FY2025
Revenue 17.0 25.0 20.0 18.7 39.2
Growth +47.0% −19.8% −6.8% +110.3%
Operating income −9.1 −14.9 −30.6 −65.3 −28.5
Net income −14.5 −0.8 −33.8 −73.9 −41.4
Growth
EPS, diluted −0.42 −0.32 −0.67 −1.25 −0.53
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2021Operating margin−53.3%Net margin−85.1%Fiscal year 2022Operating margin−59.6%Net margin−3.4%Fiscal year 2023Operating margin−152.8%Net margin−168.8%Free cash flow margin−77.5%Fiscal year 2024Operating margin−350.0%Net margin−395.9%Free cash flow margin−136.2%Fiscal year 2025Operating margin−72.7%Net margin−105.6%Free cash flow margin−38.9%
FY2021FY2022FY2023FY2024FY2025
Operating margin −53.3% −59.6% −152.8% −350.0% −72.7%
Net margin −85.1% −3.4% −168.8% −395.9% −105.6%
Free cash flow margin n/a n/a −77.5% −136.2% −38.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2021Operating cash flow−4.0Fiscal year 2022Operating cash flow−0.4Fiscal year 2023Operating cash flow−14.9Capital expenditure−0.7Free cash flow−15.5Fiscal year 2024Operating cash flow−25.1Capital expenditure−0.3Free cash flow−25.4Fiscal year 2025Operating cash flow−14.8Capital expenditure−0.5Free cash flow−15.3Buybacks−0.4
FY2021FY2022FY2023FY2024FY2025
Operating cash flow −4.0 −0.4 −14.9 −25.1 −14.8
Capital expenditure n/a n/a −0.7 −0.3 −0.5
Free cash flow n/a n/a −15.5 −25.4 −15.3
Growth
Buybacks n/a n/a n/a n/a −0.4

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2021Cash0.6Shareholders’ equity−2.0Fiscal year 2022Cash0.3Total debt23.7Net cash (debt)−23.4Shareholders’ equity−5.0Fiscal year 2023Cash19.4Total debt65.3Net cash (debt)−45.8Shareholders’ equity−32.7Fiscal year 2024Cash5.1Total debt74.7Net cash (debt)−69.5Shareholders’ equity−61.4Fiscal year 2025Cash7.8Total debt85.8Net cash (debt)−78.0Shareholders’ equity−67.1
FY2021FY2022FY2023FY2024FY2025
Cash 0.6 0.3 19.4 5.1 7.8
Total debt n/a 23.7 65.3 74.7 85.8
Net cash (debt) n/a −23.4 −45.8 −69.5 −78.0
Shareholders’ equity −2.0 −5.0 −32.7 −61.4 −67.1

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
0.6 0.3 19.4 5.1 7.8
n/a 0.4 0.2 0.2 0.5
n/a 3.3 2.6 2.0 2.0
n/a 19.3 13.5 5.5 2.7
147.5 149.1 40.2 20.4 29.8
Growth +1.1% −73.0% −49.3% +46.2%
Liabilities
n/a n/a 10.4 4.6 3.7
n/a 23.7 54.8 70.1 82.1
calc n/a 23.7 65.3 74.7 85.8
5.7 8.2 72.9 81.8 96.9
Equity
−2.0 −5.0 −65.6 −139.5 −180.9
−2.0 −5.0 −32.7 −61.4 −67.1
Growth
Per share and net cash
calc n/a −23.4 −45.8 −69.5 −78.0
n/a n/a 57.0 63.3 86.0
calc n/a n/a −0.57 −0.97 −0.78

Lines marked calc are worked out here from filed figures; point at one for how.