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NYSE · Consumer discretionary

Marti Technologies, Inc. (MRT)

Marti Technologies, Inc. reported revenue of $39.2M in fiscal 2025, up 110.3% from a year earlier. It posted a net loss of $41.4M. In fiscal 2025 capital spending exceeded operating cash flow by $15.3M. At December 31, 2025 it held $7.8M in cash against $85.8M of debt. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 13, 2026.

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Price
$2.05
-5.53% on the day · November 10, 2026
52-week range $1.12 to $2.56
Market cap
$176.4M
Revenue (FY2025)
$39.2M
+110.3% year on year
Net margin
-105.6%

Key facts about Marti Technologies, Inc.

Net worth
Marti Technologies, Inc. has a market value (market cap) of $176.4M at the latest share price, and shareholders' equity of -$67.1M on its balance sheet at December 31, 2025. 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 2025 revenue was $39.2M (+110.3% year on year), with a net loss of $41.4M.
Cash flow
In fiscal 2025 operations used $14.8M of cash.
Latest report
The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on April 13, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR

What Marti Technologies, Inc. does

Marti Technologies, Inc. is registered with the SEC under industry code SIC 7510 (Services-Auto Rental & Leasing (No Drivers)). Its shares trade on NYSE under the ticker MRT.

Revenue and profit by year

Revenue
FY21: $17M $17M FY21FY22: $25M $25M FY22FY23: $20M $20M FY23FY24: $18.7M $18.7M FY24FY25: $39.2M $39.2M FY25
Net income
FY21: -$14.5M -$14.5M FY21FY22: -$14.2M -$14.2M FY22FY23: -$33.8M -$33.8M FY23FY24: -$73.9M -$73.9M FY24FY25: -$41.4M -$41.4M FY25

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

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$39.2M-$28.5M-$41.4M-$0.53-$15.3M
2024$18.7M-$65.3M-$73.9M-$1.25-$25.4M
2023$20M-$30.6M-$33.8M-$0.67-$15.5M
2022$25M-$14.9M-$14.2M-$0.32n/a
2021$17M-$9.1M-$14.5M-$0.42n/a

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Where MRT ranks in Consumer discretionary

Revenue$39.2M
#824 of 1077 in Consumer discretionary · Bottom 24%
Revenue growth+110.3%
#18 of 952 in Consumer discretionary · Top 2%
Net margin-105.6%
#940 of 968 in Consumer discretionary · Bottom 3%
Free cash flow margin-38.9%
#823 of 853 in Consumer discretionary · Bottom 4%

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 Marti Technologies, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. November 9, 2026
  2. November 9, 2026
  3. October 30, 2026
  4. October 26, 2026
  5. September 10, 2026
  6. August 19, 2026
  7. August 19, 2026
  8. July 13, 2026
  9. June 29, 2026
  10. June 26, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on October 2, 2026. Insider transactions on SEC

Insider trades

What the people running Marti Technologies, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders sold $707K worth of shares in the last 90 days and bought none on the open market.

Bought (open market)
$0
last 90 days
Sold
$707K
last 90 days
Net sold
350,000
$707K
DateInsiderWhatSharesPriceValueFiling
September 30, 2026 Ugur AgahDirector Received as pay 3,199 - - Form 4
September 30, 2026 Spiro AlexDirector Received as pay 2,666 - - Form 4
September 30, 2026 Lute DouglasDirector Received as pay 3,732 - - Form 4
September 30, 2026 Healey Kerry MurphyDirector Received as pay 3,732 - - Form 4
September 30, 2026 Freifeld DanielDirector Received as pay 20,261 - - Form 4
September 9, 2026 Freifeld DanielDirector Soldindirect 350,000 $2.02 $707K Form 4
June 30, 2026 Ugur AgahDirector Received as pay 3,199 - - Form 4
June 30, 2026 Spiro AlexDirector Received as pay 2,666 - - Form 4

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

Who owns MRT

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
Cankut Durgun13D, may seek influence with 1 related filers 17.1% 14,716,803 April 24, 2026
Oguz Alper Oktem13D, may seek influence 16.6% 14,275,626 April 24, 2026
Yousef Hammad13D, may seek influence with 4 related filers 10.5% 8,211,131 October 29, 2025
DLD Asset Management, LP13G, passive 9.99% 8,160,068 January 2, 2026

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 16 managers reported a position.

HolderSharesValueChange on quarter
DLD Asset Management, LP7,063,117$9.3M+497,000
Gramercy Funds Management LLC2,570,413$3.4M+242,385
Wells Fargo & Company1,000,000$1.3M0
Arbiter Partners Capital Management LLC646,152$846.5K+359,898
Luxor Capital Group, LP355,990$466.3K0
Weiss Asset Management LP308,905$404.7K+181,499
Osaic Holdings, Inc.158,794$208Knew
Curi Capital, LLC35,000$45.9K0
Bbr Partners, LLC35,000$45.9K0
CJM Wealth Advisers, Ltd.35,000$45.9K0
State Street Corp31,330$41K-2,296
XTX Topco Ltd10,244$13.4Knew
Morgan Stanley1,000$1.3Knew
SBI Securities Co., Ltd.100$131new
Caitong International Asset Management Co., Ltd1$1new
Farther Finance Advisors, LLC1$10

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.

5 insiders reported holding 8,021,824 shares in total, about $16.4M at the last price.

HolderSharesAs of
Freifeld DanielDirector 7,120,4186,117,715 held indirectly September 30, 2026
Ugur AgahDirector 395,238 September 30, 2026
Healey Kerry MurphyDirector 243,866 September 30, 2026
Lute DouglasDirector 203,022 September 30, 2026
Spiro AlexDirector 59,280 September 30, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about MRT

What does Marti Technologies, Inc. do?

Marti Technologies, Inc. is a company in the Consumer discretionary sector, listed on NYSE as MRT. Its shares trade on NYSE under the ticker MRT.

What is Marti Technologies, Inc.'s net worth?

Marti Technologies, Inc. has a market value (market cap) of $176.4M at the latest share price, and shareholders' equity of -$67.1M on its balance sheet at December 31, 2025. 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 Marti Technologies, Inc. profitable?

No. In fiscal 2025 it reported a net loss of $41.4M on revenue of $39.2M.

How much revenue does Marti Technologies, Inc. make?

In fiscal 2025 Marti Technologies, Inc. reported revenue of $39.2M. That is 110.3% more than a year earlier.

When did Marti Technologies, Inc. last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 13, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from November 9, 2026.

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Where the numbers come from

Financial figures are the values Marti Technologies, Inc. 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.