Marti Technologies reported revenue of $35.4 million for the six months ended June 30, 2026, a 147.2% increase from $14.3 million in the prior year period. The company recognized an $8.3 million non-cash loss on debt extinguishment resulting from Amendment No. 2 to its April 2025 Note Subscription Agreement, which reduced the reset conversion rate multiplier for its 12.50% Convertible Senior Secured Notes due April 2029 from 1.65 to 1.05. Net loss widened to $19.9 million from $19.3 million in the same period last year, while Adjusted EBITDA turned positive at $2.4 million compared to a negative $6.0 million previously. The company also authorized a new share repurchase program for up to $2.5 million of Class A ordinary shares with a ceiling price of $6.00 per share. Marti Technologies operates in the technology and transportation industry, providing tech-enabled ride-hailing, delivery, and two-wheeled electric vehicle services to consumers in Türkiye.
