MRT
Marti Technologies, Inc.
Next earnings Sep 21, 2026 · consensus $-0.16 EPS, $30.1M rev
$1.42
▲ +8.40%$1.42▼ -50.09%
over 1Y
L $1.31H $3.04
Today+8.4%
1W-12.9%
1M-21.1%
3M-29.0%
YTD-38.8%
1Y-50.1%
Avoid
Conviction
Horizon
Medium (3–12mo)
Street · 9 analysts
Buy
Revenue grew 110.3% YoY; but unprofitable (net margin -105.6%).
Revenue (FY2025) $39.2M · FY2025
Marti Technologies, Inc. shows $39.2M in FY2025 revenue (+110.3% YoY), a -105.6% net margin.
Supporting the case: revenue grew 110.3% YoY; conservative balance sheet (liabilities/equity -1.44x).
Is MRT a buy? The one-page verdict, explained →
The options angle
model · matches our verdictBear put spread (caution)~60d expiry
- Long put 1.5 @ ~0.21 est
- Short put 1.5 @ ~0.21 est
debit $0max +$0max $0
AVOID means we wouldn't engage at all — if expressing the short side anyway, only with capped risk.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $17.0M | $25.0M | $20.0M | $18.7M | $39.2M |
| Gross profit | — | — | — | — | — |
| Operating income | -$9.05M | -$14.9M | -$30.6M | -$65.3M | -$28.5M |
| Net income | -$14.5M | -$14.2M | -$33.8M | -$73.9M | -$41.4M |
| Diluted EPS | -$0.42 | -$0.32 | -$0.67 | -$1.25 | -$0.53 |
| Net margin | -85.1% | -57.0% | -168.8% | -395.9% | -105.6% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$200M
EV / EBITDA—
EV / Sales5.1
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-34.0%
FCF yield-12.5%
Quality & risk
ROIC (est.)—
Free cash flow-$15.3M
Total debt$85.8M
Net cash-$78.0M
Altman Z-Score-9.60 distress
Piotroski F-Score4/8
Capital returns
Buyback yield0.3%
Dividend yield (est.)—
Shareholder yield0.3%
Shares Δ YoY+36.0%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRoutine disclosure cadence — no material red flags in recent filings.
- SC 13D/A Activist / 5%+ stake change2023-11-22
- SC 13D Activist / 5%+ stake change2023-07-21
- SC 13D Activist / 5%+ stake change2023-07-20
- SC 13D Activist / 5%+ stake change2023-07-20
- SC 13D Activist / 5%+ stake change2023-07-20
- 8-K Shareholder vote2023-07-07
- 8-K Reg FD disclosure2023-06-30
- DEF 14A Proxy statement2023-06-29
- 10-Q Quarterly report2023-05-17
Recent filings
all on EDGAR ↗4Period ending 2026-06-302026-07-02open ↗4Period ending 2026-06-302026-07-02open ↗4Period ending 2026-06-302026-07-02open ↗4Period ending 2026-06-302026-07-02open ↗4Period ending 2026-06-302026-07-02open ↗6-KPeriod ending 2026-06-292026-06-29open ↗6-KPeriod ending 2026-06-262026-06-26open ↗6-KPeriod ending 2026-06-102026-06-10open ↗6-KPeriod ending 2026-03-312026-05-21open ↗6-KPeriod ending 2026-05-212026-05-21open ↗6-KPeriod ending 2026-04-272026-04-27open ↗SCHEDULE 13D/AFiling2026-04-24open ↗
Frequently asked
- Is Marti Technologies, Inc. (MRT) a buy?
- MRT currently carries a Avoid rating with 2/5 conviction, derived from its latest SEC filings. Revenue grew 110.3% YoY; but unprofitable (net margin -105.6%).
- What is Marti Technologies, Inc.'s quality score?
- MRT scores 46.42717204253629/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001852767, latest 10-Q filed 2023-05-17) · EODHD · as of 7/4/2026, 6:33:01 PM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
Rule-based analysis, generated automatically from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 4, 2026, 2:33 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.