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MRT

Marti Technologies, Inc.

Price Chart
Latest Quote

$1.71

-0.10 (-5.52%)
Current Price
Previous Close $1.81
Open $1.75
Day High $1.77
Day Low $1.70
Volume 16,763
Fetched: 2026-06-24T16:05:42
Stock Information
Shares Outstanding 85.94M
Total Debt $88.49M
Cash Equivalents $4.77M
Revenue $48.65M
Net Income $-38.80M
Sector Technology
Industry Software - Application
Market Cap $146.96M
EPS (TTM) $-0.53
Exchange ASE
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📊 Comprehensive Analysis
Company Data
Enterprise Value$239.28M
Sales$48.65M
Income$-38.80M
Book/sh$-0.84
Cash/sh$0.06
Employees473
Financial Ratios
Quick Ratio0.49
Current Ratio0.90
Returns & Margins
Gross Margin67.70%
Operating Margin-23.68%
Profit Margin-79.77%
Ownership
Insider Ownership60.08%
Institutional Ownership12.62%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E21.38
P/S3.02
P/B-2.03
Analyst Data
Recommendationnone
Target Price$4.68
Technical Indicators
SMA20$1.80
SMA50$1.96
SMA200$2.17
RSI43.75
ATR0.0986
Shares Float24.49M
Short Float0.25%
Short Ratio4.26
Volatility0.29
Rel Volume0.44
Performance History
Week+2.40%
Month-10.00%
Quarter-16.18%
6 Months-23.32%
YTD-26.29%
Year-30.77%
3 Years-83.76%
10 Years-82.37%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-24 $1.71 16,763
2026-06-23 $1.81 79,000
2026-06-22 $1.80 15,900
2026-06-18 $1.76 21,800
2026-06-17 $1.78 20,800
2026-06-16 $1.67 39,600
2026-06-15 $1.74 71,200
2026-06-12 $1.70 47,900
2026-06-11 $1.81 11,100
2026-06-10 $1.81 78,000
2026-06-09 $1.77 15,300
2026-06-08 $1.82 19,700
2026-06-05 $1.80 26,000
2026-06-04 $1.81 30,200
2026-06-03 $1.79 37,500
2026-06-02 $1.80 67,400
2026-06-01 $1.82 69,700
2026-05-29 $1.94 25,300
2026-05-28 $1.97 41,100
2026-05-27 $1.85 23,200
2026-05-26 $1.86 47,500
Period:
Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $32,516,108 $57,719,613 $23,517,027 $24,512,242
Cost Of Revenue $35,600,034 $65,872,591 $32,880,712 $32,968,591
Total Revenue $39,241,487 $18,659,655 $20,029,552 $24,988,171
Operating Revenue $43,074,903 $19,763,113 $20,883,442 $26,831,635
Expenses
Interest Expense $15,643,045 $9,976,717 $6,741,305 $1,884,753
Total Expenses $59,265,672 $82,107,976 $48,314,381 $39,735,449
Rent Expense Supplemental $2,313,043 $1,889,201 $2,518,167 $3,545,653
Other Income Expense $-6,406,676 $-1,464,990 $407,809 $2,203,986
Other Non Operating Income Expenses $-8,328,609 $-2,286,161 $-1,237,195 $41,380
Net Non Operating Interest Income Expense $-15,015,177 $-8,967,671 $-5,937,699 $-1,702,586
Total Other Finance Cost $2,707 $2,819 $27,571 $47,136
Interest Expense Non Operating $15,643,045 $9,976,717 $6,741,305 $1,884,753
Operating Expense $23,665,638 $16,235,385 $15,433,669 $6,766,858
Selling And Marketing Expense $7,786,090 $5,169,612 $4,328,430 $1,467,741
General And Administrative Expense $12,262,125 $8,538,247 $8,327,568 $2,664,568
Other Operating Expenses - - $32,304 $78,232
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $-41,446,038 $-73,880,982 $-33,814,719 $-14,245,878
Net Interest Income $-15,015,177 $-8,967,671 $-5,937,699 $-1,702,586
Interest Income $630,575 $1,011,865 $831,177 $229,303
Normalized Income $-43,367,971 $-74,702,153 $-35,459,723 $-16,408,484
Net Income From Continuing And Discontinued Operation $-41,446,038 $-73,880,982 $-33,814,719 $-14,245,878
Total Operating Income As Reported $-28,532,113 $-65,309,937 $-30,603,427 $-14,881,107
Net Income Common Stockholders $-41,446,038 $-73,880,982 $-33,814,719 $-14,245,878
Net Income $-41,446,038 $-73,880,982 $-33,814,719 $-14,245,878
Net Income Including Noncontrolling Interests $-41,446,038 $-73,880,982 $-33,814,719 $-14,245,878
Net Income Continuous Operations $-41,446,038 $-73,880,982 $-33,814,719 $-14,245,878
Pretax Income $-41,446,038 $-73,880,982 $-33,814,719 $-14,245,878
Special Income Charges $-179,319 $424,545 $-1,081,403 $-175,209
Interest Income Non Operating $630,575 $1,011,865 $831,177 $229,303
Operating Income $-20,024,185 $-63,448,321 $-28,284,829 $-14,747,278
Depreciation Amortization Depletion Income Statement $503,422 $538,160 $680,959 $640,590
Depreciation And Amortization In Income Statement $503,422 $538,160 $680,959 $640,590
Gross Profit $3,641,453 $-47,212,936 $-12,851,160 $-7,980,420
Per Share
Diluted EPS - $-1.17 $-0.67 $-0.32
Basic EPS - $-1.17 $-0.67 $-0.32
Other
Tax Effect Of Unusual Items $0 $0 $0 $0
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $-24,137,578 $-56,034,298 $-18,673,774 $-5,426,792
Total Unusual Items $1,921,933 $821,171 $1,645,004 $2,162,606
Total Unusual Items Excluding Goodwill $1,921,933 $821,171 $1,645,004 $2,162,606
Reconciled Depreciation $3,587,348 $8,691,138 $10,044,644 $9,096,939
EBITDA (Bullshit earnings) $-22,215,645 $-55,213,127 $-17,028,770 $-3,264,186
EBIT $-25,802,993 $-63,904,265 $-27,073,414 $-12,361,125
Diluted NI Availto Com Stockholders $-41,446,038 $-73,880,982 $-33,814,719 $-14,245,878
Tax Provision $0 $0 $0 $0
Gain On Sale Of Ppe $0 $0 $-235,185 $0
Other Special Charges $179,319 $-424,545 $846,218 $175,209
Gain On Sale Of Security $2,101,252 $396,626 $2,726,407 $2,337,815
Other Taxes $106,558 $26,341 $109,566 $37,820
Research And Development $3,007,443 $1,963,025 $1,954,842 $1,877,907
Selling General And Administration $20,048,215 $13,707,859 $12,655,998 $4,132,309
Other Gand A $11,765,882 $7,842,475 $7,999,554 $2,664,568
Insurance And Claims $363,243 $529,939 $328,014 $0
Rent And Landing Fees $133,000 $165,833 $0 $0
Diluted Average Shares - $63,272,419 $50,578,134 $44,110,188
Basic Average Shares - $63,272,419 $50,578,134 $44,110,188
Salaries And Wages - - $8,277,874 $5,876,014
Fetched: 2026-06-24
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $-67,439,096 $-62,030,499 $-32,881,545 $7,440,091
Total Assets $29,802,461 $20,378,649 $40,211,169 $40,878,379
Total Non Current Assets $15,862,440 $8,960,629 $14,515,455 $20,423,078
Non Current Deferred Assets $11,950,000 $2,040,522 $0 -
Goodwill And Other Intangible Assets $351,212 $589,588 $183,887 $159,577
Other Intangible Assets $351,212 $589,588 $183,887 $159,577
Current Assets $13,940,021 $11,418,020 $25,695,714 $20,455,301
Other Current Assets $327,471 $80,678 $150,219 $135,302
Current Deferred Assets $2,303,132 $1,765,724 $0 -
Prepaid Assets $1,030,509 $816,764 $1,157,892 $682,491
Inventory $1,990,925 $2,030,244 $2,325,376 $3,035,809
Receivables $482,125 $1,575,753 $2,638,168 $6,104,129
Accounts Receivable $482,125 $188,298 $163,473 $286,563
Cash Cash Equivalents And Short Term Investments $7,805,859 $5,148,857 $19,424,059 $10,497,570
Cash And Cash Equivalents $7,805,859 $5,148,857 $19,424,059 $10,497,570
Cash Equivalents $832,923 $2,240,206 $18,437,333 $8,398,404
Cash Financial $6,972,936 $2,908,651 $986,726 $2,099,166
Taxes Receivable - $1,387,455 $2,251,049 $3,134,708
Other Non Current Assets - - $-223,646 -
Other Receivables - - $223,646 $2,682,858
Debt
Net Debt $78,005,237 - $45,826,637 $13,176,584
Total Debt $86,566,906 $571,756 $690,520 $2,827,173
Long Term Debt And Capital Lease Obligation $82,251,875 $87,713 $277,956 $674,496
Long Term Debt $82,116,160 - $54,802,791 $16,380,172
Current Debt And Capital Lease Obligation $4,315,031 $484,043 $412,564 $2,152,677
Current Debt $3,694,936 - $10,447,905 $7,293,982
Other Current Borrowings $3,694,936 - $10,447,905 $7,293,982
Liabilities
Total Liabilities Net Minority Interest $96,890,345 $81,819,560 $72,908,827 $33,278,711
Total Non Current Liabilities Net Minority Interest $82,501,090 $70,497,112 $55,406,611 $17,411,894
Current Liabilities $14,389,255 $11,322,448 $17,502,216 $15,866,817
Other Current Liabilities $48,915 $4,710,075 $10,561,196 $7,293,982
Current Deferred Liabilities $2,129,152 $1,845,048 $1,660,744 $1,406,637
Payables And Accrued Expenses $6,400,491 $3,042,303 $3,839,861 $4,504,558
Payables $4,972,297 $1,857,938 $3,230,375 $3,866,647
Total Tax Payable $895,757 $207,032 $433,999 $640,487
Accounts Payable $4,076,540 $1,650,906 $2,796,376 -
Other Non Current Liabilities - $70,119,275 $55,128,655 $16,737,398
Current Deferred Taxes Liabilities - $0 $110,536 $78,232
Other Payable - - $2,796,376 $3,226,160
Income Tax Payable - - - -
Equity
Common Stock Equity $-67,087,884 $-61,440,911 $-32,697,658 $7,599,668
Total Equity Gross Minority Interest $-67,087,884 $-61,440,911 $-32,697,658 $7,599,668
Stockholders Equity $-67,087,884 $-61,440,911 $-32,697,658 $7,599,668
Gains Losses Not Affecting Retained Earnings $-7,557,999 $-7,557,999 $-7,557,999 $-7,557,999
Other Equity Adjustments $-7,557,999 $-7,557,999 $-7,557,999 $-7,557,999
Retained Earnings $-180,933,216 $-139,487,178 $-65,606,196 $-39,182,625
Preferred Stock Equity - - - -
Other
Treasury Shares Number $132,524 - - -
Ordinary Shares Number $85,910,202 $63,272,419 $57,036,094 $48,574,596
Share Issued $86,042,726 $63,272,419 $57,036,094 $48,574,596
Tangible Book Value $-67,439,096 $-62,030,499 $-32,881,545 $7,440,091
Invested Capital $18,723,212 $-61,440,911 $-32,697,658 $7,599,668
Working Capital $-449,234 $95,572 $8,193,498 $4,588,484
Capital Lease Obligations $755,810 $571,756 $690,520 $2,827,173
Total Capitalization $15,028,276 $-61,440,911 $-32,697,658 $7,599,668
Treasury Stock $367,632 $0 - -
Additional Paid In Capital $121,762,359 $85,597,939 $40,460,834 $54,335,881
Capital Stock $8,604 $6,327 $5,703 $4,411
Common Stock $8,604 $6,327 $5,703 $4,411
Employee Benefits $249,215 $290,124 - -
Long Term Capital Lease Obligation $135,715 $87,713 $277,956 $674,496
Current Deferred Revenue $2,129,152 $1,845,048 $1,550,208 $1,328,405
Current Capital Lease Obligation $620,095 $484,043 $412,564 $2,152,677
Pensionand Other Post Retirement Benefit Plans Current $569,275 $332,715 $217,692 $308,145
Current Provisions $926,391 $908,264 $810,159 $200,818
Current Accrued Expenses $1,428,194 $1,184,365 $609,486 $637,911
Net PPE $3,561,228 $6,330,519 $14,555,214 $20,263,501
Accumulated Depreciation $-28,002,030 $-24,385,034 $-19,799,308 $-11,356,857
Gross PPE $31,563,258 $30,715,553 $34,354,522 $31,620,358
Leases $879,092 $798,889 $671,391 $868,243
Machinery Furniture Equipment $29,524,004 $28,736,659 $32,455,194 $29,816,272
Buildings And Improvements $1,160,162 $1,180,005 $1,222,461 -
Properties $0 $0 $0 $0
Raw Materials $1,990,925 $2,030,244 $2,325,376 $3,035,809
Construction In Progress - $0 $5,476 $95,226
Other Properties - - $800,093 $840,617
Preferred Stock - - - -
Other Inventories - - - -
Fetched: 2026-06-24
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $-15,322,983 $-26,116,342 $-19,706,971 $-13,663,771
Operating Activities
Operating Cash Flow $-14,781,252 $-25,077,064 $-14,865,777 $-5,465,618
Cash Flow From Continuing Operating Activities $-14,781,252 $-25,077,064 $-14,865,777 $-5,465,618
Operating Gains Losses $-2,069,132 $-396,626 $-2,159,731 $-2,194,288
Investing Activities
Capital Expenditure $-541,731 $-1,039,278 $-4,841,194 $-8,198,153
Investing Cash Flow $-541,731 $-1,039,278 $-4,819,888 $-8,160,020
Cash Flow From Continuing Investing Activities $-541,731 $-1,039,278 $-4,819,888 $-8,160,020
Financing Activities
Repurchase Of Capital Stock $-367,632 $0 $0 -
Financing Cash Flow $17,979,985 $11,841,140 $28,612,154 $11,258,647
Cash Flow From Continuing Financing Activities $17,979,985 $11,841,140 $28,612,154 $11,258,647
Net Common Stock Issuance $-367,632 $0 $0 -
Net Other Financing Charges - $-89,970 $28,313,974 -
Issuance Of Capital Stock - - $0 $0
Net Preferred Stock Issuance - - $0 $0
Preferred Stock Issuance - - $0 $0
Other
Repayment Of Debt $-1,750,000 $-6,068,890 $-7,201,820 $-4,209,340
Issuance Of Debt $19,929,687 $18,000,000 $7,500,000 $15,467,987
Interest Paid Supplemental Data $7,020,300 $5,284,030 $447,730 $903,043
End Cash Position $7,805,859 $5,148,857 $19,424,059 $10,497,570
Beginning Cash Position $5,148,857 $19,424,059 $10,497,570 $13,215,729
Changes In Cash $2,657,002 $-14,275,202 $8,926,489 $-2,366,991
Proceeds From Stock Option Exercised $167,930 $0 $0 $0
Common Stock Payments $-367,632 $0 $0 -
Net Issuance Payments Of Debt $18,179,687 $11,931,110 $298,180 $11,258,647
Net Long Term Debt Issuance $18,179,687 $11,931,110 $298,180 $11,258,647
Long Term Debt Payments $-1,750,000 $-6,068,890 $-7,201,820 $-4,209,340
Long Term Debt Issuance $19,929,687 $18,000,000 $7,500,000 $15,467,987
Net Intangibles Purchase And Sale $-56,402 $-706,924 $-102,150 $-208,690
Purchase Of Intangibles $-56,402 $-706,924 $-102,150 $-208,690
Net PPE Purchase And Sale $-485,329 $-332,354 $-4,717,738 $-7,951,330
Sale Of PPE $0 $0 $21,306 $38,133
Purchase Of PPE $-485,329 $-332,354 $-4,739,044 $-7,989,463
Change In Working Capital $4,404,970 $868,669 $1,556,227 $-1,250,542
Change In Other Working Capital $284,104 $294,840 $221,803 $662,425
Change In Other Current Assets $933,388 $977,967 $96,027 $-1,151,363
Change In Payables And Accrued Expense $3,466,701 $-654,077 $394,027 $1,552,324
Change In Accrued Expense $1,041,067 $491,393 $1,171,435 $422,606
Change In Payable $2,425,634 $-1,145,470 $-777,408 $1,129,718
Change In Account Payable $2,425,634 $-1,145,470 $-777,408 $1,659,783
Change In Inventory $21,075 $265,103 $657,574 $-2,103,922
Change In Receivables $-300,298 $-15,164 $186,796 $-210,006
Changes In Account Receivables $-300,298 $-15,164 $186,796 $-210,006
Other Non Cash Items $9,442,957 $3,663,529 $7,453,113 $1,465,268
Stock Based Compensation $11,280,399 $35,660,544 $1,991,884 $1,662,883
Provisionand Write Offof Assets $18,244 $316,664 $62,805 -
Depreciation Amortization Depletion $3,587,348 $8,691,138 $10,044,644 $9,096,939
Depreciation And Amortization $3,587,348 $8,691,138 $10,044,644 $9,096,939
Amortization Cash Flow $294,778 $298,501 $98,200 $78,616
Amortization Of Intangibles $294,778 $298,501 $98,200 $78,616
Depreciation $3,292,570 $8,392,637 $9,946,444 $9,018,323
Gain Loss On Investment Securities $-1,381,157 - - -
Net Foreign Currency Exchange Gain Loss $-720,095 $-396,626 $-2,726,407 $-2,337,815
Net Income From Continuing Operations $-41,446,038 $-73,880,982 $-33,814,719 $-14,245,878
Income Tax Paid Supplemental Data - $0 $0 $530,065
Effect Of Exchange Rate Changes - $0 $0 $-351,168
Change In Tax Payable - $0 $0 $-530,065
Change In Income Tax Payable - $0 $0 $-530,065
Change In Other Current Liabilities - - $1,171,435 $422,606
Fetched: 2026-06-24