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NASDAQ · Consumer discretionary

D-MARKET Electronic Services & Trading (HEPS)

D-MARKET Electronic Services & Trading reported revenue of TRY 57B in fiscal 2024, up 11.1% from a year earlier. It posted a net loss of TRY 1.6B. At December 31, 2024 it held TRY 6.8B in cash against TRY 1.7B of debt. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 30, 2026.

Free, no password. An email when HEPS files with the SEC.

Price
$2.76
+0.73% on the day · November 9, 2026
52-week range $2.15 to $3.33
Market cap
$985.9M
Revenue (FY2024)
TRY 57B
+11.1% year on year
Net margin
-2.8%

Key facts about D-MARKET Electronic Services & Trading

Net worth
D-MARKET Electronic Services & Trading has a market value (market cap) of $985.9M at the latest share price, and shareholders' equity of TRY 3.3B on its balance sheet at December 31, 2024. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2024 revenue was TRY 57B (+11.1% year on year), with a net loss of TRY 1.6B.
Cash flow
In fiscal 2024 operations brought in TRY 5.7B of cash.
Latest report
The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on April 30, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR

What D-MARKET Electronic Services & Trading does

D-MARKET Electronic Services & Trading is registered with the SEC under industry code SIC 5961 (Retail-Catalog & Mail-Order Houses). Its shares trade on NASDAQ under the ticker HEPS.

Revenue and profit by year

Revenue
FY19: TRY 2.6B TRY 2.6B FY19FY21: TRY 15.2B TRY 15.2B FY21FY21: TRY 24.8B TRY 24.8B FY21FY22: TRY 38.2B TRY 38.2B FY22FY23: TRY 51.3B TRY 51.3B FY23FY24: TRY 57B TRY 57B FY24
Net income
FY19: -TRY 131.6M -TRY 131.6M FY19FY21: -TRY 936.6M -TRY 936.6M FY21FY21: -TRY 3.3B -TRY 3.3B FY21FY22: -TRY 6.9B -TRY 6.9B FY22FY23: TRY 109.1M TRY 109.1M FY23FY24: -TRY 1.6B -TRY 1.6B FY24

Fiscal years as reported in annual reports. Amounts in TRY.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2024TRY 57BTRY 17M-TRY 1.6B-TRY 4.90n/a
2023TRY 51.3B-TRY 1BTRY 109.1MTRY 0.30n/a
2022TRY 38.2B-TRY 7.4B-TRY 6.9B-TRY 21.20n/a
2021TRY 24.8B-TRY 6.8B-TRY 3.3B-TRY 15.76n/a
2021TRY 15.2B-TRY 827.7M-TRY 936.6M-TRY 7.82n/a
2019TRY 2.6BTRY 101.1M-TRY 131.6M-TRY 2.15n/a

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Where HEPS ranks in Consumer discretionary

Revenue growth+11.1%
#242 of 952 in Consumer discretionary · Top 25%
Net margin-2.8%
#696 of 968 in Consumer discretionary · Bottom 28%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Consumer discretionary

Latest SEC filings

What D-MARKET Electronic Services & Trading has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. November 5, 2026
  2. November 4, 2026
  3. October 27, 2026
  4. September 30, 2026
  5. September 9, 2026
  6. August 20, 2026
  7. August 6, 2026
  8. July 23, 2026
  9. July 14, 2026
  10. June 30, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on April 1, 2026. Insider transactions on SEC

Insider trades

What the people running D-MARKET Electronic Services & Trading did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider trades were reported in the last 90 days.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns HEPS

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
VR Advisory Services Ltd13G, passive with 5 related filers 5.2% 18,410,004 June 18, 2026
VR Global Partners, L.P.13G, passive with 5 related filers 5% 16,168,013 December 2, 2025

Latest filings below 5%: Turkcommerce B.V. 0% (February 25, 2026); Hanzade Vasfiye Dogan Boyner 0% (February 10, 2025); Yasar Begumhan Dogan Faralyali 0% (February 10, 2025); Arzuhan Dogan Yalcindag 0% (February 10, 2025); Vuslat Dogan Sabanci 0% (February 10, 2025).

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

No insider reported holdings on a Form 4 in the last 12 months.

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about HEPS

What does D-MARKET Electronic Services & Trading do?

D-MARKET Electronic Services & Trading is a company in the Consumer discretionary sector, listed on NASDAQ as HEPS. Its shares trade on NASDAQ under the ticker HEPS.

What is D-MARKET Electronic Services & Trading's net worth?

D-MARKET Electronic Services & Trading has a market value (market cap) of $985.9M at the latest share price, and shareholders' equity of TRY 3.3B on its balance sheet at December 31, 2024. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is D-MARKET Electronic Services & Trading profitable?

No. In fiscal 2024 it reported a net loss of TRY 1.6B on revenue of TRY 57B.

How much revenue does D-MARKET Electronic Services & Trading make?

In fiscal 2024 D-MARKET Electronic Services & Trading reported revenue of TRY 57B. That is 11.1% more than a year earlier.

When did D-MARKET Electronic Services & Trading last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 30, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from November 5, 2026.

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Free, no password. An email when HEPS files with the SEC.

Where the numbers come from

Financial figures are the values D-MARKET Electronic Services & Trading tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.