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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

Ratios

Percentages worked out from the filed figures; debt to equity in times. 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
Margins
−53.3% −59.6% −152.8% −350.0% −72.7%
−79.9% −57.0% −168.8% −395.9% −105.6%
−85.1% −3.4% −168.8% −395.9% −105.6%
n/a n/a −77.5% −136.2% −38.9%
Spending
6.1% 7.5% 9.8% 10.5% 7.7%
35.6% 11.8% 75.5% 263.9% 71.5%
n/a n/a 3.3% 1.8% 1.2%
Returns
−9.8% −0.6% −84.1% −362.5% −139.1%
Balance and payout
3.9% 5.5% 181.3% 401.5% 325.1%