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EarningsQ2 2026 Earnings Report
MRT Q2 2026 EPS Results
Actual EPS-$0.15
Consensus EPS-$0.07
Beat/MissMissed by -$0.08
One Year Ago EPS-$0.28
MRT Q2 2026 Revenue Results
Actual Revenue$19.98M
Expected Revenue$18.41M
Beat/MissBeat by +$1.58M
YoY Revenue Growth+39.50%
Earnings Announcement Details
QuarterQ2 2026
Date08/19/2026
TimeBefore Open
Conference CallWednesday, August 19, 2026
MRT Upcoming Earnings
Marti Technologies's next earnings date is estimated for April 20, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MRT Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong top-line growth, significant margin expansion and the first positive adjusted EBITDA, underpinned by rapid user and trip growth, improved cost efficiency, and multi-service adoption. Key strategic initiatives (AI deployment, AV partnership, nationwide expansion) provide growth optionality. Primary negatives include a GAAP net loss driven by a one-time debt-related charge, limited current monetization across newly added cities, an early-stage parcel delivery business concentrated in Istanbul, and uncertainty/timing around autonomous vehicle scale and supplier constraints. On balance, operational and financial momentum materially improved and management raised full-year guidance.Company Guidance
Strong Revenue Growth and Upgraded Guidance
Q2 revenue grew 141% year-over-year to nearly $20 million. First half revenue was $35.4 million (42% of updated FY26 guidance). Management raised FY2026 revenue guidance to $85 million, implying 117% year-over-year growth.
Record Gross Profit and Margin Expansion
Gross profit more than tripled to over $15 million in Q2, growing 223% year-over-year for the quarter (following a 400% increase in Q1). Gross profit margin expanded from 57% to a record 77%, with cost of revenues falling from 43% to 23% of revenue.
Adjusted EBITDA Turned Positive
Adjusted EBITDA turned positive for the first time at $2.9 million in Q2, a $5.3 million improvement year-over-year from negative $2.4 million. Adjusted EBITDA margin improved from negative 28% to positive 15% (43 percentage point improvement). FY26 adjusted EBITDA guidance was raised to positive $7 million.
Rapid User and Trip Growth
Trips increased 73% year-over-year to 18.8 million in Q2; unique platform consumers grew 76% to 2.4 million. Trips per unique consumer remained broadly stable (7.9), supporting efficient scaling despite rapid user growth.
Ride-hailing Network Expansion and Supply Growth
All-time unique ride-hailing riders rose 95% year-over-year to 4.4 million; registered drivers increased 66% to 544,000. Company expanded operations from 20 to 30 cities (representing ~85% of Türkiye's GDP) and set Q3 targets of 4.9 million riders and 580,000 drivers.
Multi-Service and Delivery Adoption Driving Higher Economics
Multi-service consumers generated 3.1x trips and 2.7x revenue per consumer vs. single-service users. Cross-service adoption: 82% of motorcycle-hailing consumers and 31% of car-hailing consumers used delivery after first engaging; multi-service drivers completed significantly more trips (motorcycle drivers 4x, car drivers 2x vs single-service).
Improved Cost Efficiency
Major cost categories improved as a percentage of revenue: personnel down from 16.5% to 7.6%, depreciation & amortization from 8.5% to 2.6%, and operating leases from 4.2% to 1.3%. Overall cost of revenues rose only 32% YoY despite much higher volumes.
Technology & Strategic Initiatives
Deploying AI across pricing, matching, customer service, onboarding, and marketing to improve efficiency without increasing headcount. Entered a multiyear strategic partnership with Tensor and initiated plans for a Türkiye Autonomous Vehicle Alliance to pilot autonomous vehicles on the platform.
Capital Allocation Actions
Active share buyback program up to $2.5 million; management signaling willingness to continue buybacks if shares remain undervalued while prioritizing growth investments.
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