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Marti Technologies (MRT) investor relations material
Marti Technologies H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2025 earnings summary22 Sep, 2025
Executive summary
Achieved strong operational momentum with a strategic shift to ride-hailing, launching monetization in October 2024 and dynamic pricing in January 2025, supported by app redesign and organizational restructuring.
Expanded operations to 10 cities, increasing the addressable market by 1.5x and covering half of Türkiye's population and nearly two-thirds of its GDP.
Achieved #1 position as the most downloaded urban mobility app in Türkiye, with 128.6M all-time rides and 6.4M unique riders as of June 30, 2025.
Organizational growth targeted ~260 employees by end of FY 2025, with new departments established to support ride-hailing scale.
Financial highlights
Revenue for H1 2025 reached $14.3M, up 70.4% from $8.4M in H1 2024, driven by ride-hailing monetization.
Adjusted EBITDA improved by $5.4M, from -$11.3M in H1 2024 to -$6.0M in H1 2025, with margin improving from (135)% to (42)%.
Net loss narrowed to $19.3M in H1 2025 from $21.9M in H1 2024; share-based compensation was $4.7M.
Cost of revenues decreased by 25.5% year-over-year, from $9.9M to $7.4M.
Gross profit margin turned positive at 49% in H1 2025, up from (18)% in H1 2024.
Outlook and guidance
FY 2025 revenue guidance reaffirmed at $34.0M, nearly double 2024 actuals.
Adjusted EBITDA expected to improve from $(19.3)M in 2024 to $2.3M in 2025.
Targeting 3.3M unique ride-hailing riders and 450K registered drivers by year-end 2025.
Guidance assumes continued ride-hailing growth and no new fleet investments for two-wheeled vehicles.
Continued investment in new city launches and ride-hailing team expansion.
Impact of ride-hailing monetization on cost of revenues
Reason for 28% two-wheeled fleet reduction?
Marti's driver count vs. Istanbul taxi fleet?
Timeline for take rate increase to global benchmarks?
When do new cities begin ride-hailing monetization?
What is the target 2-wheeled EV fleet size?
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Next Marti Technologies earnings date
H2 202528 Apr, 2026
Next Marti Technologies earnings date
H2 202528 Apr, 2026
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Frequently asked questions
Marti Technologies Inc. is a U.S.-listed mobility company that provides urban transportation solutions, primarily in Turkey. The company operates a fleet of electric scooters, e-bikes, and e-mopeds through a shared, app-based platform, allowing users to rent vehicles for short trips in densely populated areas. Marti focuses on offering environmentally friendly and convenient transportation options to reduce urban congestion and carbon emissions. The company is headquartered in Istanbul, Turkey, and its shares are listed on the NYSE.
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