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D-Market ( (HEPS) ) has provided an announcement.
On November 5, 2025, Hepsiburada announced its financial results for the third quarter of 2025, revealing a mixed performance. The company reported an 8.9% increase in gross merchandise value (GMV) and a 22.1% rise in revenue compared to the same period in 2024. However, the net loss widened significantly to TRY 1,324.8 million from TRY 409.7 million in Q3 2024, primarily due to investments in growth projects. Despite the challenges, Hepsiburada achieved a 17.6% increase in the number of orders and improved cash flow, reflecting its focus on operational efficiencies and market expansion.
The most recent analyst rating on (HEPS) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on D-Market stock, see the HEPS Stock Forecast page.
Spark’s Take on HEPS Stock
According to Spark, TipRanks’ AI Analyst, HEPS is a Neutral.
The overall stock score of 53 reflects a combination of strong revenue growth and cash flow generation, offset by significant challenges in profitability and bearish technical indicators. The lack of valuation data adds uncertainty, while the absence of earnings call and corporate events data limits further insights.
To see Spark’s full report on HEPS stock, click here.
More about D-Market
D-MARKET Electronic Services & Trading, operating under the brand name Hepsiburada, is a prominent Turkish e-commerce platform. The company focuses on providing a wide range of products and services through its online marketplace, catering primarily to the Turkish market.
Average Trading Volume: 228,448
Technical Sentiment Signal: Sell
Current Market Cap: $758.5M
For detailed information about HEPS stock, go to TipRanks’ Stock Analysis page.

