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Marti Technologies vs Zoomcar: revenue, profit, margins and growth compared

Marti Technologies brought in $39.2M of revenue in fiscal 2025, Zoomcar $9.2M in fiscal 2026. Revenue changed by +110.3% at Marti Technologies and +0.6% at Zoomcar on the year before, so Marti Technologies grew faster. Marti Technologies kept -105.6% of its revenue as net profit, Zoomcar -159.7%. Free cash flow was -$15.3M at Marti Technologies and -$1.4M at Zoomcar.

Side by side, latest fiscal year

MRTZCAR
Fiscal year endedFY2025 (December 31, 2025)FY2026 (March 31, 2026)
Revenue$39.2M$9.2M
Revenue growth+110.3%+0.6%
Net income-$41.4M-$14.6M
Net margin-105.6%-159.7%
Free cash flow-$15.3M-$1.4M
Free cash flow margin-38.9%-14.9%
Earnings per share (diluted)-$0.53-$1.28
Cash$7.8M$328.6K
Debt$85.8M$2.1M
Price to earningsn/an/a
Market value$168.6M$789.4K
Dividend yieldn/an/a
Rank by revenue in sector#824 of 1076 · Consumer discretionary#938 of 1076 · Consumer discretionary

Over the years

Revenue
MRT FY2021: $17MMRT FY2022: $25MMRT FY2023: $20MMRT FY2024: $18.7MMRT FY2025: $39.2MZCAR FY2024: $8.8MZCAR FY2024: $9.9MZCAR FY2025: $9.1MZCAR FY2026: $9.2MFY21FY22FY23FY24FY25FY26
MRT $39.2MZCAR $9.2M
Net income
MRT FY2021: -$14.5MMRT FY2022: -$14.2MMRT FY2023: -$33.8MMRT FY2024: -$73.9MMRT FY2025: -$41.4MZCAR FY2022: -$4.6MZCAR FY2024: -$62MZCAR FY2024: -$34.3MZCAR FY2025: -$25.6MZCAR FY2026: -$14.6MFY21FY22FY23FY24FY25FY26
MRT -$41.4MZCAR -$14.6M
Net margin
MRT FY2021: -85.1%MRT FY2022: -57.0%MRT FY2023: -168.8%MRT FY2024: -395.9%MRT FY2025: -105.6%ZCAR FY2024: -702.8%ZCAR FY2024: -346.3%ZCAR FY2025: -281.4%ZCAR FY2026: -159.7%FY21FY22FY23FY24FY25FY26
MRT -105.6%ZCAR -159.7%
Revenue growth
MRT FY2022: +47.0%MRT FY2023: -19.8%MRT FY2024: -6.8%MRT FY2025: +110.3%ZCAR FY2024: +12.1%ZCAR FY2025: -8.0%ZCAR FY2026: +0.6%FY22FY23FY24FY25FY26
MRT +110.3%ZCAR +0.6%
Free cash flow
MRT FY2023: -$15.5MMRT FY2024: -$25.4MMRT FY2025: -$15.3MZCAR FY2025: -$8.5MZCAR FY2026: -$1.4MFY23FY24FY25FY26
MRT -$15.3MZCAR -$1.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Marti Technologies and Zoomcar

Which is bigger by revenue, Marti Technologies or Zoomcar?

Marti Technologies is bigger by revenue: $39.2M in fiscal 2025, against $9.2M for Zoomcar in fiscal 2026.

Which keeps more of its revenue as profit, Marti Technologies or Zoomcar?

Marti Technologies had a net margin of -105.6% in fiscal 2025; Zoomcar had -159.7% in fiscal 2026.

Which grew revenue faster, Marti Technologies or Zoomcar?

In their latest fiscal years revenue changed by +110.3% at Marti Technologies and +0.6% at Zoomcar.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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