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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Marti Technologies
Marti Technologies (MRT) investor relations material
Marti Technologies Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary9 Nov, 2026
Executive summary
Record Q3 revenue and gross margin, first-ever positive operating income, and sharply narrower net loss; Adjusted EBITDA reached $5.609M.
Platform growth and stronger monetization supported operating leverage; October ride-hailing expansion brought coverage to 40 cities representing ~90% of Türkiye GDP.
Financial highlights
Q3 revenue rose 128.1% YoY and 23.7% QoQ to $24.730M; gross profit increased 176.0% YoY to $20.153M.
Operating income was $2.702M versus an $8.838M loss YoY; net loss narrowed 90.9% to $1.018M from $11.158M.
Adjusted EBITDA was $5.609M versus a $3.621M loss YoY, up from $2.9M in Q2; 9M Adjusted EBITDA reached $8.0M.
Q3 free cash flow was positive for a second consecutive quarter at $1.0M; 9M FCF was negative $1.8M, an $11.3M YoY improvement.
Q3 included $2.2M of share-based compensation; excluding it, net income was $1.2M and G&A expense was $5.3M.
Outlook and guidance
FY26 guidance reaffirmed at $85.0M revenue and $7.0M Adjusted EBITDA; 9M revenue of $60.1M was 70.8% of the target, while 9M Adjusted EBITDA exceeded guidance.
December 31, 2026 targets reaffirmed at 5.65M all-time unique ride-hailing riders and 630,000 registered drivers.
Q4 is seasonally slower than Q2 and Q3; marketing investment is directed toward 2027 growth, with a 2027 forecast expected before year-end.
FY26 guidance assumes continued platform growth and no fleet expansion or replacement investment as two-wheeled vehicles are retired.
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Latest events from Marti Technologies
- Ride-hailing scaled without revenue as FY 2023 losses widened and FY 2024 guidance remained loss-making.MRT
H2 2023 - Türkiye's top mobility app targets $85M revenue in 2026, expanding services and AI-driven growth.MRTInvestor presentation
- Record revenue growth, 77% margin, and first positive Adjusted EBITDA drive raised 2026 outlook.MRTH1 2026
- Türkiye’s top mobility app targets $70M revenue in 2026, driven by multi-service growth.MRTInvestor presentation
- Rapidly scaling mobility platform in Türkiye targets $70M revenue and profitability in 2026.MRTInvestor presentation
- 156% revenue growth and 72% gross margin in Q1 2026, with profitability and guidance reaffirmed.MRTQ1 2026
- Türkiye's top mobility app targets $70M revenue in 2026 with multi-service expansion.MRTInvestor presentation
- H1 2024 saw strong ride-hailing growth, improved EV efficiency, and ongoing monetization pilots.MRTH1 2024
- Ride-hailing monetization supports FY25 targets of $34M revenue and $3M Adjusted EBITDA.MRTH2 2024
Next Marti Technologies earnings date
H2 202612 Apr, 2027
Marti Technologies
Next Marti Technologies earnings date
H2 202612 Apr, 2027
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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.