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Buy Day today: Neutral (56) Mixed market breadth · no major macro event
MRT

Marti Technologies Inc.

Technology · Software - Application · listed since 2016

2.20$ +0.9% vs. previous close Closing price · As of: Sep 25, 2026
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Price history

Chart

Interactive price chart (TradingView).

52-week range: 1.30 $ to 2.60 $ · Last price: 2.20 $ (As of: September 25, 2026)

Key figures

Key figures at a glance

Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.

Basics

Market Cap ?The value of the entire company on the market: share price times total shares outstanding. 0.2$B
Shares Outstanding ?Total number of shares issued. Price times share count gives market cap. 87m
Float ?Share of stock freely tradable on the market — not locked up in the hands of founders, insiders, or major shareholders. 31.1%
Beta ?Volatility versus the overall market: 1 = moves like the market, 2 = twice as much, under 1 = calmer than the market. 0.3

Performance

Perf. 1M ?Price performance over the last month. 28.60%
Perf. 3M ?Price performance over the last 3 months. -12.20%
Perf. 6M ?Price performance over the last 6 months. -12.60%
YTD Performance (%) ?Price performance since the start of the year (Year to Date). -24.05%
52-Week-High Distance ?How far the price sits below its highest point over the last 52 weeks. 0% means the stock is at its year high. -31.6%
Perf. 1Y ?Price performance over the last 12 months. -9.75%
Perf. 3Y ?Price performance over the last 3 years. 225.19%
Perf. 5Y ?Price performance over the last 5 years. -78.31%
Perf. Since Inception ?Price performance since the first available trading day (08/30/2021) — with a complete history, that is since the IPO. -78.04%

Technical Indicators

MA 38 Days ?Moving average of the last 38 trading days: the smoothed price path. A price above it signals short-term strength. 2.00$
MA 50 Days ?Moving average of the last 50 trading days — the most widely watched medium-term trend line. 2.00$
MA 200 Days ?Moving average of the last 200 trading days — the dividing line between a long-term uptrend and downtrend. 2.00$
RSI (14) ?Relative Strength Index over 14 days, scale 0 to 100: above 70 counts as overbought, below 30 as oversold. A hint on timing, not a verdict on the company. 55.5
Volatility 30 Days ?Price swings over the last 30 trading days, annualized. The higher the value, the more the price fluctuates. 72.6%
Volatility 250 Days ?Price swings over the last 250 trading days (roughly one market year), annualized. 59.9%

Calculated from the price history · as of 09/25/2026

Valuation

P/E ?Price-to-earnings ratio: how many years of profit does the stock cost? The lower, the cheaper the valuation. No earnings means no P/E. –
Forward P/E ?P/E based on expected earnings for the next 12 months instead of past earnings — analysts' bet on the future. 49.5
PEG ?P/E divided by expected earnings growth: puts valuation in relation to growth. Around 1 is considered fair, well above that is pricey. –
P/B ?Price-to-book ratio: market value relative to book equity. 0.0
P/S ?Price-to-sales ratio: market value divided by annual sales. Important for companies that aren't (yet) profitable. 4.5
EV/EBITDA ?Enterprise value including debt (EV) relative to operating profit before depreciation and amortization (EBITDA) — more comparable than P/E because debt counts too. Extreme values arise when EBITDA is near zero. 17.4
Price/FCF ?Market value divided by free cash flow: how many years of freely available cash does the stock cost? More honest than P/E because cash flow is harder to dress up. –

Profitability

Gross Margin ?Gross margin: what's left of sales after only direct production costs are deducted — the product's pricing power. 72.1%
EBIT Margin ?EBIT margin: operating profit as a percentage of sales — the earning power of the core business before interest and taxes. -23.7%
Net Margin ?Net margin: what's left of sales as profit after ALL costs, interest, and taxes. -69.8%
Return on Equity ?Return on equity: how much profit does the company generate per year on shareholders' equity? 85.4%
Return on Assets ?Return on assets: how much profit the company generates from its total assets (equity and debt combined). -49.4%

Balance Sheet & Safety

Equity Ratio ?Equity ratio: equity as a share of total assets. The higher, the more resilient the balance sheet. very low -225.1%
Debt/Equity ?Leverage ratio: financial debt divided by equity. Under 1 is generally seen as solid; negative values mean negative equity. –
Altman Z″ ?Edward Altman's bankruptcy early-warning score. We use the Z″ variant, built from four balance-sheet ratios — it is designed for service companies and non-manufacturers and uses book value instead of market value. On that scale: below 1.1 = danger zone, 2.6 and up = safe zone, in between a grey area. Because the classic Altman Z is calculated differently, the two numbers are not directly comparable. The formula does not fit banks, insurers, or real-estate stocks. warning zone -8.46
Piotroski ?Balance-sheet health check by Joseph Piotroski: 9 yes/no criteria on profit, cash flow, leverage, and efficiency. 7+ is very solid, under 3 is a red flag. 4 out of 9

Growth

Sales Growth Last Quarter ?Sales growth in the most recently reported quarter versus the same quarter a year ago (YoY). 156.10%
EPS Growth Last Quarter ?Growth in earnings per share in the most recently reported quarter versus the same quarter a year ago (YoY). 0.00%
Sales Growth (Year) ?Sales growth in the last fiscal year versus the year before. 110.30%
Forward Sales Growth ?Sales growth analysts expect over the next 12 months — an estimate, not a guarantee. -38.66%
Forward EPS Growth ?Earnings-per-share growth analysts expect over the next 12 months — an estimate, not a guarantee. 59.00%

Dividend

This stock currently pays no dividend.

Quality & Screener

Stage ?Weinstein phases 1 through 4: 1 = basing, 2 = uptrend (the only buy phase), 3 = topping, 4 = downtrend. Measured against the 30-week line. –
RS Rating ?Relative strength from 1 to 99: an RS of 95 means the stock has outperformed 95% of all stocks. –
EPS Rating ?Earnings growth rating from 1 to 99 versus all stocks — high values mean above-average earnings growth. –
Fundamental Rating ?Our own Fundamental Rating: 0 to 100 points with an A+ to F grade. 50 points is the average across the universe, 100 the best possible score. It scores growth, earnings surprises, analyst estimates, margins, cash flow, and balance-sheet safety — every stock percentile-ranked against all others. Grades: A+ from 95, A from 75, B from 55, C from 45, D from 25, E from 5, F below. B (64 out of 100)

Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.

Comparison

Industry comparison

The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.

Industry: Software - Application

Industry comparison
Company Market cap ($B) P/E EV/EBITDA Gross Margin % EBIT Margin % Sales Growth (Year) % Perf. 1Y %
Marti Technologies Inc. MRT 0.2 – 17.4 72.1 -23.7 110.3 -9.8
Salesforce.com Inc CRM 187.5 23.3 13.6 77.3 21.8 9.6 -2.1
Uber Technologies Inc UBER 141.7 18.6 19.2 40.8 14.6 18.3 -28.7
ServiceNow Inc NOW 135.6 80.6 41.6 74.8 13.3 20.9 -26.2
Snowflake Inc. SNOW 114.5 – -76.6 67.0 -22.2 29.2 51.6
Automatic Data Processing Inc ADP 105.4 24.3 16.0 48.7 30.2 7.1 -6.1
Datadog Inc DDOG 95.8 717.7 302.3 79.5 0.8 27.7 96.3
Adobe Systems Incorporated ADBE 92.4 13.4 9.3 89.3 35.3 10.5 -33.5
Cadence Design Systems Inc CDNS 89.9 74.8 37.2 85.9 29.7 14.1 -7.1
Median of companies shown 105.4 24.3 17.4 74.8 14.6 18.3 -7.1

Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →

Fiscal years

Annual Figures

Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.

Revenue, operating income and net income per fiscal year $M

Revenue Operating income Net income

2020 · Revenue: 10 $M 2020 · Operating income: -4 $M 2020 · Net income: -5 $M 2021 · Revenue: 17 $M 2021 · Operating income: -9 $M 2021 · Net income: -14 $M 2022 · Revenue: 25 $M 2022 · Operating income: -1 $M 2022 · Net income: -1 $M 2023 · Revenue: 20 $M 2023 · Operating income: -28 $M 2023 · Net income: -34 $M 2024 · Revenue: 19 $M 2024 · Operating income: -63 $M 2024 · Net income: -74 $M 2025 · Revenue: 39 $M 2025 · Operating income: -20 $M 2025 · Net income: -41 $M
202020212022202320242025
Annual Figures
Fiscal Year Revenue ($M) EBIT ($M) Net Income ($M) EPS ($) Operating Cash Flow ($M) Equity ($M) Total Assets ($M)
2020 10 -4 -5 -0.10 2 3 14
2021 17 -9 -14 -0.42 -4 21 39
2022 25 -1 -1 -0.02 -5 8 41
2023 20 -28 -34 -0.67 -15 -33 40
2024 19 -63 -74 -1.25 -25 -61 20
2025 39 -20 -41 -0.53 -15 -67 30

Quarters

Quarterly Figures

Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.

Revenue & Profit

Cash Flow

Balance Sheet

Margins

Per Share

Click the chart or tab into it, then use ← and → to step through the periods.

None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.

These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.

The figures could not be loaded right now.

Sales Per Quarter ($M)
2024: Q1 · 4.2 $M Q1 2024: Q2 · 4.2 $M Q2 2024: Q3 · 5.1 $M Q3 2024: Q4 · 18.7 $M Q4 2025: Q1 · 7.2 $M Q1 2025: Q2 · 7.2 $M Q2 2025: Q3 · 12.5 $M Q3 2026: Q1 · 15.4 $M Q1

Source: fundamental data

Quarterly Figures
Quarter EPS (Earnings Per Share) EPS YoY (%) Sales ($M) Sales YoY (%) Net Margin (%) OCF ($M) FCF ($M)
2024: Q1 – – 4 -11.30 -260.10 -5 -5
2024: Q2 -0.38 – 4 -11.30 -260.10 -5 -5
2024: Q3 – – 5 1,981.60 -507.40 -7 -7
2024: Q4 – – 19 81.20 -395.90 -25 -26
2025: Q1 -0.87 – 7 70.40 -134.60 -3 -3
2025: Q2 -0.13 65.80 7 70.40 -134.60 -3 -3
2025: Q3 – – 13 143.00 -89.00 -5 -5
2026: Q1 -0.09 90.10 15 115.40 -48.10 -6 -6

What Do These Terms Mean?

EPS (Earnings Per Share):
Quarterly profit divided by the total share count — how much of the profit works out to a single share.
YoY (Year over Year):
Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
Sales:
All revenue for the quarter, before any costs are deducted — the top line of the income statement.
Net Margin:
What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
OCF (Operating Cash Flow):
The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
FCF (Free Cash Flow):
Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.

Compare with other stocks →

Screening

Appears in These Scanners

This stock currently matches 3 of our scanner strategies — each hit links to the scanner.

Growth

Risk & Weakness

Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners

Outlook

Analysts & Price Target

Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.

Consensus Sell 1 = Strong buy … 5 = Strong sell
Analyst Ratings 4
Price Target (average) 5.04$
Distance to price 129.1% The price target sits 129.1% above the current price.

Distribution of Recommendations

Strong Buy 2
Buy 1
Hold 1
Sell 0
Strong Sell 0

Estimates by Fiscal Year

Estimates by Fiscal Year
Fiscal Year EPS Estimate ($) EPS Range ($) Revenue Estimate ($M) Expected Growth Analysts
12/31/2026 -0.30 -0.33 – -0.29 85 59.0% 3
12/31/2027 0.02 -0.13 – 0.14 136 113.3% 4

Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.

Valuation

What is priced in?

Free cash flow over the past twelve months is negative, which rules out a serious reverse calculation. Any growth rate only makes a negative cash flow more negative; no present value comes out of it. What the price reflects here is therefore not a stream of cash flows, but the expectation that there will be one at all.

A simplified model calculation — not a forecast and not a recommendation.

AI classification

AI Rating

Not yet rated — we only show a category once an SEC-backed file with at least two cited passages is available.

How the Rating Is Built

Growth

Growth Score

Ten checks against the annual reports — each one passed counts a point.

4 of 10 Weak growth
  • Revenue grows by more than 15% a year over three years 16.2%
  • More than 10% revenue growth is expected for the coming year -38.7%
  • Share count grows by less than 3% a year 21.3%
  • Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 71.4%
  • Gross margin at 40% or higher and without meaningful erosion 9.3%
  • Goodwill from acquisitions does not grow faster than revenue 0.0%
  • Net debt below twice EBITDA failed
  • Operating cash flow covers the profits of the last three years 94 m
  • Return on capital at 15% or higher, or up versus two years ago -129.9%
  • Insiders hold at least 10% or are net buyers 60.1%

A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail

Quality check

AAQS

4/10

The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).

  • Sales growth 10Y > 5% 32.1%
  • Exp. sales growth 3Y > 5% 86.0%
  • EBIT growth 10Y > 5% –
  • Exp. EBIT growth 3Y > 5% 86.0%
  • Net debt < 4x EBIT –
  • EBIT positive, 10Y straight 0
  • Max. EBIT decline < 50% –
  • Return on equity > 15% –
  • ROCE > 15% -129.9%
  • Expected return > 10% 71.1%

View stocks with the full AAQS score · Read the methodology at AlleAktien

Source: fundamental data

The company

About the Company

Marti Technologies, Inc. bietet technologiegestützte urbane Transportdienstleistungen für Fahrgäste in der Türkei an. Das Unternehmen betreibt eine Mobilitäts-App, die mehrere Transportdienste anbietet, wie einen Ride-Hailing-Dienst, der Fahrgäste mit Auto-, Motorrad- und Taxifahrern zusammenbringt, sowie eine Flotte von E-Mopeds, E-Bikes und E-Scootern. Das Unternehmen wurde 2018 gegründet und hat seinen Hauptsitz in Istanbul, Türkei.

Employees
473
Headquarters
Istanbul, Turkey
Address
Buyukdere Cd. No:237, 34485 Istanbul, Turkey
Phone
90 850 308 34 19
Website
marti.tech
IPO Date
09/29/2016
ISIN
US5731341039

Management

Management
Name Title Birth Year
Oguz Alper Oktem Founder, CEO & Chairman 1991
Cankut Durgun Co-Founder, COO, President & Director 1986
Cenk Ozeker Chief Financial Officer 1968

Executives per the latest required filings; titles kept in their original language. Source: fundamental data.

Data as of: September 25, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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