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Marti Technologies (MRT)
:MRT
Earnings Data
Report Date
Sep 22, 2025After Close (Confirmed)
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.31Last Year’s EPS
-0.38Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The earnings call reflected strong revenue growth, significant expansion, and improved operational efficiencies, which are offset by increased expenses and continued negative EBITDA. The strategic focus on ride-hailing and market leadership are promising, but challenges remain in achieving profitability in new markets.Company Guidance
Revenue Growth and Financial Performance
Marti Technologies is on track to nearly double its revenue from $18.7 million in 2024 to $34 million in 2025. The company reported a 70% increase in revenue for the first half of 2025 compared to the same period in 2024, primarily due to the monetization of its ride-hailing service.
Expansion of Ride-Hailing Services
Marti expanded its ride-hailing services to 6 new metropolitan areas, now covering 10 cities that represent approximately half of Türkiye’s population and nearly 2/3 of its GDP.
Growth in User Base and Engagement
The number of unique ride-hailing riders grew 107% year-over-year, and the number of registered ride-hailing drivers grew by 92% year-over-year. The company's app redesign led to a 2% increase in the conversion rate and improved user engagement, with weekly and monthly active users increasing by 16% and 12%, respectively.
Operational Efficiency Improvements
Marti reduced its cost of revenues by 25% and improved its gross profit margin by 49% in the first half of 2025 compared to the same period last year.
Market Leadership and Strategic Positioning
Marti is the #1 urban mobility app on both iOS and Android app stores in Türkiye and is the largest electric vehicle operator in the country. The company maintained its position as the clear market leader in Türkiye's urban mobility market.
MRT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MRT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Sep 22, 2025 | $2.34 | $2.37 | +1.28% |
Apr 29, 2025 | $3.16 | $3.09 | -2.22% |
Sep 30, 2024 | $1.97 | $1.98 | +0.51% |
Apr 16, 2024 | $1.30 | $1.46 | +12.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Marti Technologies (MRT) report earnings?
Marti Technologies (MRT) is schdueled to report earning on Sep 22, 2025, After Close (Confirmed).
What is Marti Technologies (MRT) earnings time?
Marti Technologies (MRT) earnings time is at Sep 22, 2025, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MRT EPS forecast?
MRT EPS forecast for the fiscal quarter 2025 (Q2) is -0.31.